Common use of Term; Expiration/Termination Clause in Contracts

Term; Expiration/Termination. Except as set forth in this Section 4.1, the license granted to Licensee under this Agreement shall continue perpetually. Notwithstanding the foregoing, this Agreement shall expire if the Adviser or one of its affiliates, ceases to serve as investment adviser to the Licensee. This Agreement shall be terminable (a) by the Licensor (i) at any time and in its sole discretion in the event that the Licensor or the Licensee receives notice of any Third Party Claim arising out of the Licensee’s use of the Licensed Mark or (ii) at any time in the event the Licensee assigns or attempts to assign or sublicense this Agreement or any of the Licensee’s rights or duties hereunder without the prior written consent of the Licensor or (b) by either party upon sixty (60) days’ written notice.

Appears in 2 contracts

Samples: Trademark License Agreement (Poolit Imagine Fund I, Inc.), Trademark License Agreement (Poolit Horizon Fund I, Inc.)

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Term; Expiration/Termination. Except as set forth in this Section 4.1, the license granted to Licensee under this Agreement shall continue perpetually. Notwithstanding the foregoing, this Agreement shall expire if the Adviser or one of its affiliates, affiliates ceases to serve as investment adviser to the Licensee. This Agreement shall be terminable (a) by the Licensor (i) at any time and in its sole discretion in the event that the Licensor or the Licensee receives notice of any Third Party Claim arising out of the Licensee’s use of the Licensed Mark Mxxx or (ii) at any time in the event the Licensee assigns or attempts to assign or sublicense this Agreement or any of the Licensee’s rights or duties hereunder without the prior written consent of the Licensor or (b) by either party upon sixty (60) days’ written notice.

Appears in 1 contract

Samples: Trademark License Agreement (YieldStreet Prism Fund Inc.)

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Term; Expiration/Termination. Except as set forth in this Section 4.1, the license granted to Licensee under this Agreement shall continue perpetually. Notwithstanding the foregoing, this Agreement shall expire if the Adviser Licensor or one of its affiliates, affiliates ceases to serve as investment adviser to the Licensee. This Agreement shall be terminable (a) by the Licensor (i) at any time and in its sole discretion in the event that the Licensor or the Licensee receives notice of any Third Party Claim arising out of the Licensee’s use of the Licensed Mark or Maxx xr (ii) at any time in the event the Licensee assigns or attempts to assign or sublicense this Agreement or any of the Licensee’s rights or duties hereunder without the prior written consent of the Licensor or (b) by either party upon sixty (60) days’ written notice.

Appears in 1 contract

Samples: Trademark License Agreement (IDR Core Property Index Fund LTD)

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