Common use of Sublicense Survival Clause in Contracts

Sublicense Survival. If this Agreement terminates for any reason, then, at Praxis’ request, any Sublicense will survive and the Sublicensee will, from the effective date of such termination, become a direct licensee of Ionis with respect to the rights sublicensed to the Sublicensee by Praxis; so long as (a) Praxis has provided Ionis a complete copy of the applicable Sublicense and paid Ionis any Sublicense Revenue associated therewith, (b) such Sublicensee is not in breach of its Sublicense, (c) such Sublicensee continues to comply with all of the terms of the Sublicense, including the obligations of this Agreement imposed on Sublicensee by the Sublicense, and (d) such Sublicensee agrees to continue to pay directly to Ionis the portion of such Sublicensee’s payments under the Sublicense due to Ionis under this Agreement. Praxis agrees that it will confirm clause (a) of the foregoing in writing at the request and for the benefit of Ionis and if requested, the Sublicensee.

Sublicense Survival. If this Agreement terminates for any reason, then, at Praxis’ ’s request, any Sublicense will survive and the Sublicensee sublicensee will, from the effective date of such termination, become a direct licensee of Ionis RogCon with respect to the rights sublicensed to the Sublicensee sublicensee by Praxis; so long as (a) Praxis has provided Ionis RogCon a complete copy of the applicable Sublicense and paid Ionis RogCon any Net Sublicense Revenue associated therewith, (b) such Sublicensee sublicensee is not in breach of its Sublicense, (c) such Sublicensee sublicensee continues to comply with all of the terms of the Sublicense, including the obligations of this Agreement imposed on Sublicensee sublicensee by the Sublicense, and (d) such Sublicensee sublicensee agrees to continue to pay directly to Ionis RogCon the portion of such Sublicensee’s sublicensee payments under the Sublicense due to Ionis RogCon under this Agreement. Praxis agrees that it will confirm clause (a) of the foregoing in writing at the request and for the benefit of Ionis RogCon and if requested, the Sublicenseesublicensee.