Term Termination and Default. The term of this Agreement shall be three (3) years from its effective date unless earlier terminated pursuant to this Agreement. No later than twelve (12) months prior to the initial term or any renewal period of this Agreement, the parties shall reach an agreement on whether to extend the term of the Agreement for an additional one (1) year Proprietary to Lucent Technologies Inc./Nabnasset Corporation -18- 23 beyond the then scheduled expiration date. Failure by the parties to reach such agreement to extend the term or agreement by the parties not to extend the term shall mean that the Agreement shall expire on the expiration date then scheduled. Additionally, either party may terminate this Agreement if the other party is in default. A party to this Agreement is said to be in default if it commits a material breach or if it ceases normal operations or becomes insolvent. In no event shall either party terminate by reason of any such default unless written notice detailing such default is given to the other party. The other party shall thereafter have thirty (30) days after such written notice to correct such default; or, if said default cannot reasonably be corrected within said thirty (30) days, the other party shall begin substantial corrective action within said thirty (30) days and shall proceed promptly to correct said default. If such corrective action is not completed within sixty (60) days after such written notice, the party not in default may at its option terminate this Agreement. Upon expiration or termination of this Agreement for any reason, each party shall return and make no further use of the property, materials and other items (and all copies thereof) belonging to the other party and relating to this Agreement except for any and all such property, material and other items, including but not limited to Golden Masters, specifications, work-around lists, and Documentation, needed by the parties to perform those functions and duties that survive expiration or termination of this Agreement. If this Agreement expires or is terminated for any reason other than default by SUPPLIER, the licenses granted under this Agreement are terminated, except that:
(i) LUCENT may continue to utilize such licenses to the extent necessary for LUCENT to fulfill its support and maintenance obligations, if any, to its existing customers; and
(ii) Licenses granted by LUCENT prior to termination of this Agreement, and LUCENT payment obligations, if any, with respec...
Term Termination and Default. 14.1 The term of this AGREEMENT shall extend from the Effective Date set forth hereinabove to the full end of the term or terms for which PATENT RIGHTS have not expired and if only TECHNOLOGY RIGHTS are licensed and no PATENT RIGHTS are applicable, for a term of fifteen (15) years. Notwithstanding the above, upon the expiration, but not an earlier termination of this AGREEMENT, LICENSEE shall have a non-exclusive, fully paid-up right and license under the LICENSED SUBJECT MATTER to use and otherwise exploit the TECHNOLOGY RIGHTS.
14.2 This AGREEMENT will earlier terminate:
(a) upon the expiration of thirty (30) days written notice from BOARD if LICENSEE shall become bankrupt and/or if the business of LICENSEE shall be placed in hand of a receiver, assignee, or trustee, whether by voluntary act of LICENSEE or otherwise;
(i) [*] written notice from BOARD if LICENSEE shall breach or default on the payment obligations of Article V, or use of name obligations of Article X; or (ii) upon [*] written notice if LICENSEE shall breach or default any other obligation under this AGREEMENT; provided, however, LICENSEE may avoid such termination if before the end of the applicable period LICENSEE notifies BOARD that such breach has been cured
(c) In its entirety or as to any particular patent application or patent within the PATENT RIGHTS, upon LICENSEE's sixty (60) days prior written notice to BOARD. From and after the effective date of a termination under this Paragraph 15.2
Term Termination and Default. 12.1 Unless earlier terminated under Section 12.2, this Agreement is effective upon Polycom’s signature and shall remain in effect for one year. This agreement will be renewed annually unless terminated otherwise under this section.
12.2 This Agreement may be terminated by Licensee at any time without cause on 30 days written notice.
12.3 This Agreement may be terminated immediately for cause by Polycom in the event Licensee:
Term Termination and Default. A. The term of this Agreement shall be for three (3) years commencing on the date hereof and shall renew automatically for successive one year periods unless the Project, Services, and/or Study has been completed or terminated by either party upon written notice. The parties may also terminate, as applicable, this Agreement and all relevant IPAs pursuant to the following conditions:
1. Sponsor may terminate any IPA prior to the Study’s completion at any time for any reason upon thirty (30) days written notice to Covance, except when the reason for termination is the safety of subjects, then it can be terminated immediately. Covance may not terminate any IPA without cause, except when the reason for the termination is the safety of subjects and then Covance can terminate immediately. In the event of such termination by a party, the applicable Covance Entity shall be entitled to full payment for (i) work performed on the Project up through the date work on such Project is concluded by the applicable Covance Entity and (ii) reimbursement for all non-cancellable and non-refundable expenses and financial obligations which the applicable Covance Entity has incurred or undertaken on Sponsor’s behalf (e.g., purchase of external databases). Further, the applicable Covance Entity and Sponsor shall cooperate with each other during such Project termination to safeguard patient safety, continuity of patient treatment and to comply with applicable laws, rules and regulations.
Term Termination and Default. A. The term of this Agreement shall be in effect as long as the "Software Acceptance and Distribution Agreement" between LUCENT and SPANLINK is still active, valid and legally binding. If the "Software Acceptance and Distribution Agreement" between LUCENT and SPANLINK is terminated earlier than the scheduled term in that contract, then this Agreement will also be considered terminated. If the "Software Acceptance and Distribution Agreement" between LUCENT and SPANLINK is extended for any period, then this Agreement will also be considered extended.
B. Upon expiration or termination of this Agreement for any reason, each party shall return and make no further use of property, materials and other items (and all copies thereof) belonging to the other party and relating to this Agreement, unless otherwise mutually agreed to.
C. Disputes arising from this Agreement shall be handled in the same manner as described in Article 26 in the "Software Acceptance and Distribution Agreement" between LUCENT and SPANLINK.
Term Termination and Default. 9.1 The initial term of this Agreement shall be five (5) years commencing
9.2 OWNER may terminate this Agreement for convenience as follows:
Term Termination and Default. The Term of this Agreement shall be assigning original party of this Agreement. Any allowed assignment of this for twelve (12) months commencing on the Effective Date and as extended Agreement will be binding upon and inure to the benefit of the parties by the parties of this Agreement. The Agreement shall then automatically hereto and their respective heirs, successors and assigns.
Term Termination and Default. Term 47 Section 9.2 Default by Manager 47 Section 9.3 Bankruptcy of Manager 47 Section 9.4 Default of Owner 48 Section 9.5 Effect of Termination 49 Section 10.1 Notice 49 Section 10.2 Severability 51 Section 10.3 Reimbursement of Legal Fees 51 Section 10.4 Waivers 51 Section 10.5 Governing Law 52 Section 10.6 Modifications 52 Section 10.7 Termination of Prior Agreements 52 Section 10.8 Assignment 52 Section 10.9 Successors 53 Section 10.10 No Joint Venture 53 Section 10.11 Approval of Owner 53 Section 10.12 Confidentiality 54 Section 10.13 Further Assurances 54
Term Termination and Default. Subject to early termination as permitted under the Agreement or at law, the Agreement has a term commencing on the date it is last executed by SFU and Sponsor, and terminating six months following the Project End Date.
Term Termination and Default. Section 6.1. Term 22 Section 6.2. Default by Manager 22 Section 6.3. Bankruptcy of Manager 22 Section 6.4. Default of Company 23 Section 6.5. Effect of Termination 23 Section 7.1 Notice 24 Section 7.2 Severability 26 Section 7.3 Reimbursement of Legal Fees 26 Section 7.4 Waivers 26 Section 7.5 Governing Law 27 Section 7.6 Modifications 27 Section 7.7 Termination of Prior Agreements 27 Section 7.8 Assignment 27 Section 7.9 Sucessors 28 Section 7.10 No Joint Venture 28 Section 7.11 Approval of Company 28 Section 7.12 Further Assurances 29 This Corporate Services Agreement (this “Agreement”), made and entered into as of the 30th day of November, 1992, by and between TAUBMAN CENTERS, INC., a Michigan corporation, having an address at 000 Xxxx Xxxx Xxxx Xxxx, Xxxxxxxxxx Xxxxx, Xxxxxxxx 00000 (“Company”), and THE TAUBMAN COMPANY LIMITED PARTNERSHIP, a Delaware Limited Partnership, having an address at 000 Xxxx Xxxx Xxxx Xxxx, Xxxxxxxxxx Xxxxx, Xxxxxxxx 00000 (“Manager”), is based upon the following:
