Common use of Term and Expiration Clause in Contracts

Term and Expiration. The term of this Agreement (the “Term”) shall commence on the Effective Date and, unless terminated earlier pursuant to this Article 10, shall expire on a Licensed Product-by-Licensed Product and country-by-country basis upon the expiration of all payment obligations under Article 6, after which the licenses granted by FivePrime to GSK in Article 4 with respect to such Licensed Product in such country shall become fully paid-up, perpetual and non-exclusive.

Appears in 4 contracts

Samples: Respiratory Diseases Research Collaboration and License Agreement (Five Prime Therapeutics Inc), Research Collaboration and License Agreement (Five Prime Therapeutics Inc), Research Collaboration and License Agreement (Five Prime Therapeutics Inc)

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Term and Expiration. The term of this Agreement (the “Term”) shall commence on the Effective Date and, unless terminated earlier pursuant to this Article 10Section 12, shall expire on a Licensed Product-by-Licensed Product and country-by-country basis upon the expiration of all payment obligations under Article 6Section 8, after which the licenses granted by FivePrime to GSK BMS in Article 4 Section 6 with respect to such Licensed Product in such country shall become fully paid-up, perpetual and non-exclusive.

Appears in 3 contracts

Samples: Research Collaboration and License Agreement, Research Collaboration and License Agreement (Five Prime Therapeutics Inc), Research Collaboration and License Agreement (Five Prime Therapeutics Inc)

Term and Expiration. The term of this Agreement (the “Term”) shall commence on the Effective Date and, unless terminated earlier pursuant to this Article 10Section 12, shall expire on a Licensed Product-by-Licensed Product and country-by-country basis upon the expiration of all payment obligations under Article 6Section 8, after which the licenses granted by FivePrime to GSK UCB in Article 4 Section 6 with respect to such Licensed Product in such country shall become fully paid-up, perpetual and non-exclusive.

Appears in 2 contracts

Samples: Research Collaboration and License Agreement (Five Prime Therapeutics Inc), Research Collaboration and License Agreement (Five Prime Therapeutics Inc)

Term and Expiration. The term of this Agreement (the “Term”) shall commence on the Effective Date and, unless terminated earlier pursuant to this Article 10Section 8, shall expire on a Licensed Product-by-Licensed Product and country-by-country basis upon the expiration fulfillment of all payment obligations under Article 6Sections 4.4 and 4.6, after which the licenses granted by FivePrime Inhibrx to GSK Licensee in Article 4 Section 3.5.1 with respect to such Licensed Product in such country shall become fully paid-up, perpetual perpetual, irrevocable and non-exclusive.

Appears in 2 contracts

Samples: Option and License Agreement (Inhibrx, Inc.), Option and License Agreement (Inhibrx, Inc.)

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Term and Expiration. The term of this Agreement (the “Term”) shall commence on the Effective Date and, unless terminated earlier pursuant to this Article 10Section 9, shall expire on a Licensed Product-by-Licensed Product and country-by-country basis upon the expiration fulfillment of all payment obligations under Article 6Sections 5.2 and 5.4, after which the licenses granted by FivePrime Inhibrx to GSK Licensee in Article 4 Section 2.1 with respect to such Licensed Product in such country shall become fully paid-up, perpetual perpetual, irrevocable and non-exclusive.

Appears in 2 contracts

Samples: License Agreement (Inhibrx, Inc.), License Agreement (Inhibrx, Inc.)

Term and Expiration. The term of this Agreement (the “Term”) shall commence on the Effective Date and, unless terminated earlier pursuant to this Article 10Section 11, shall expire on a Licensed Product-by-Licensed Product and country-by-country basis upon the expiration of all payment obligations under Article 6Section 7, after which the licenses granted by INBRX to FivePrime to GSK in Article Section 4 with respect to such Licensed Product in such country shall become fully paid-up, perpetual up and non-exclusive.

Appears in 1 contract

Samples: Research Collaboration and License Agreement (Five Prime Therapeutics Inc)

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