Sublicensees. Upon termination of this Agreement for any reason, any sublicense not then in default shall continue in force and effect and shall be assigned by Licensee to Licensors; provided, the financial obligations of each Sublicensee to Licensors shall be limited to the amounts Licensee shall be obligated to pay to Licensors for the activities of such Sublicensee pursuant to this Agreement.
Appears in 2 contracts
Samples: License Agreement (Genvec Inc), License Agreement (Genvec Inc)
Sublicensees. Upon termination of In the event that the license granted to the Licensees under this Agreement for any reasonis terminated, any sublicense sublicenses granted to Sublicensees shall remain in full force and effect, provided that the Sublicensee is not then in default breach of its sublicense agreement, and the Sublicensee agrees to be bound to Licensor as a licensee under the terms and conditions of the agreement, in which case Licensor and Sublicensee shall continue in force and effect and shall be assigned by Licensee to Licensors; provided, the financial obligations of each Sublicensee to Licensors shall be limited enter into appropriate agreements or amendments to the amounts Licensee shall be obligated sublicense agreements to pay to Licensors substitute Licensor for the activities of such Sublicensee pursuant to this AgreementLicensees as the licensor.
Appears in 2 contracts
Samples: Intellectual Property License Agreement (Vivakor, Inc.), Intellectual Property License Agreement (Vivakor, Inc.)
Sublicensees. Upon termination of In the event that the license granted to the Licensee under this Agreement for any reasonis terminated, any sublicense sublicenses granted to Sublicensees shall remain in full force and effect, provided that the Sublicensee is not then in default breach of its sublicense agreement, and the Sublicensee agrees to be bound to Licensor as a licensee under the terms and conditions of the agreement, in which case Licensor and Sublicensee shall continue in force and effect and shall be assigned by Licensee to Licensors; provided, the financial obligations of each Sublicensee to Licensors shall be limited enter into appropriate agreements or amendments to the amounts Licensee shall be obligated sublicense agreements to pay to Licensors substitute Licensor for the activities of such Sublicensee pursuant to this AgreementLicensee as the licensor.
Appears in 1 contract
Samples: Patent and Intellectual Property License Agreement (Vivakor, Inc.)
Sublicensees. Upon In the event of any termination of this Agreement for any reason, any sublicense not then in default sublicenses granted by Licensee shall continue remain in force and effect and shall be assigned by Licensee to Licensors; Licensor, provided, that such Sublicensee is currently in good standing with regard to its obligations under the sublicense or has cured any default or breach within the period provided in such sublicense, and further provided, that the financial obligations of each such Sublicensee to Licensors shall be limited to the amounts those due Licensee shall be obligated to pay to Licensors hereunder for the activities practice of such Sublicensee pursuant to this Agreementa sublicense.
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