Common use of TERMINATION BY LICENSOR - UPON NOTICE Clause in Contracts

TERMINATION BY LICENSOR - UPON NOTICE. Upon the occurrence of any of the following events, Licensee shall be deemed to be in default and Licensor may, at its option, terminate this Agreement and all rights granted hereunder without affording Licensee any opportunity to cure the default. Said termination shall be effective immediately upon receipt of notice by Licensee: 1. If any officer of Licensee is convicted of a felony, a fraud, or any other crime or offense that Licensor believes is reasonably likely to have a material adverse effect on the Mark, xxe goodwill associated therewith, or Licensor's interest therein; 2. If a material threat or danger to public health or safety results from the conduct of the Business; 3. If Licensee purports to transfer any rights or obligations under this Agreement to any third party, contrary to the terms of this Agreement; 4. If the Licensee contests in any court or proceeding the validity or registration of, or Licensor's or Cellemetry's ownership of, the Mark xx other rights licensed hereunder; or 5. If Licensee fails to maintain the information furnished hereunder in confidence or fails to restrict the transmission of information as required herein by this Agreement.