Termination by Licensee for Cause. In the event this Agreement is properly terminated by Licensee under Section 12.03(a), Licensee’s license pursuant to Section 2.01 shall become a fully paid-up, perpetual license; and, subject, however, to the provisions of Section 12.04, Licensee shall owe no further payments to Merck pursuant to Article VII or otherwise under this Agreement.
Appears in 5 contracts
Samples: Exclusive Patent License Agreement, Exclusive Patent License Agreement (ARMO BioSciences, Inc.), Exclusive Patent License Agreement (ARMO BioSciences, Inc.)
Termination by Licensee for Cause. In the event this Agreement is properly terminated by Licensee under Section 12.03(a), Licensee’s license pursuant to Section 2.01 shall become a fully paid-up, perpetual licenseand sublicenseable; and, subject, however, provided that Licensee continues to make the provisions of Section 12.04, Licensee shall owe no further payments to be made to Merck by Licensee pursuant to Article VII or otherwise under this AgreementVII.
Appears in 2 contracts
Samples: License Agreement (TESARO, Inc.), License Agreement (TESARO, Inc.)
