Surrender of Rights. Subject to Section 5.4, the Optionee may at any time during the Option Period give the Optionor written notice of its intentions to surrender all of its rights hereunder, whereupon the Option and this Agreement shall terminate and the working right herein shall lapse.
Surrender of Rights. Licensee’s obligation to pay Patent Costs will continue for so long as this Agreement remains in effect, provided that Licensee may terminate Licensee’s obligations with respect to any given patent application or patent within the Licensed Patents in any designated country upon ninety (90) days written notice to ULRF. In the event of such notice to ULRF, ULRF will undertake to curtail applicable Patent Costs reimbursable by Licensee pursuant to Section 9.2. ULRF may continue prosecution and maintenance of such patent applications or patents at ULRF’s sole discretion and expense, provided that Licensee will have no further rights thereunder.
Surrender of Rights. Subject to Xxxxxxxxx 0.0, XXXX may give Geo Can written notice of its intention to surrender all of its rights hereunder and upon expiration of 30 days from the date of receipt by Geo Can of such notice, this Agreement shall terminate and working right and Option herein shall lapse.
Surrender of Rights. Should United Grain fail to exercise the Option rights provided hereunder within the time herein specified, all rights and privileges granted hereunder shall be completely surrendered and deemed void, and this Option terminated. At the request of MR\BK, United Grains shall execute a release of its rights hereunder in recordable form as to the Property, or any portion thereof. If United Grain refuses or fails to execute the release described herein, the parties hereto agree that MR\BK may cause this document to be recorded, at its sole option. In the event this Agreement is recorded, all rights and privileges granted United Grain herein shall be extinguished and the Option granted United Grain hereunder shall terminate.
Surrender of Rights. The untimeliness or delay by any party in the execution or implementation of this Agreement shall not be deemed as surrender by that party of its rights under the Agreement. A party may only surrender its rights under the Agreement in writing.
Surrender of Rights. The parties mutually agree to forego all other rights and benefits, if any, provided for in the Exchange Agreement as consideration for the rescission of the Exchange Agreement.
Surrender of Rights. The parties mutually agree to forgo all other rights and benefits relating to the purchase and sale of the Shares as consideration for the rescission of that purchase and sale.
Surrender of Rights. Subject to Section 9.4, Royal may at any time during the Option Period give the Optionors written notice of its intentions to surrender all of its rights hereunder, whereupon this Agreement shall terminate and the working right herein shall lapse.
Surrender of Rights. The Optionee may during the Option Period give the Optionor written notice of its intention to surrender all of its rights hereunder, whereupon the Option shall terminate and working right herein shall lapse and all Expenditures paid by the Optionee shall be forfeited.
Surrender of Rights. Subject to Paragraph 6.3, Axxxx may give Redpath written notice of its intention to surrender all of its rights hereunder and upon expiration of 30 days from the date of receipt by Redpath of such notice, this Agreement shall terminate and working right and Option herein shall lapse.
