Common use of Termination by Schering Clause in Contracts

Termination by Schering. In the event Schering terminates this Agreement under Section 8.4(a)(i), due to a breach by Licensor of its material obligations under Section 2.1(a), 2.1(b) or 2.11(a) of this Agreement, then Schering's licenses pursuant to Sections 2.1 and 2.2 shall become fully paid-up, perpetual licenses.

Appears in 3 contracts

Samples: Exclusive License Agreement (Atherogenics Inc), Exclusive License Agreement (Atherogenics Inc), Exclusive License Agreement (Atherogenics Inc)

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Termination by Schering. In the event Schering terminates this Agreement under Section 8.4(a)(i8.3(a)(i), due to a breach by Licensor of its material obligations under Section 2.1(a), 2.1(b) or 2.11(a) of this Agreement, then Schering's licenses pursuant to Sections 2.1 and 2.2 shall become fully paid-up, perpetual licenses.

Appears in 1 contract

Samples: Exclusive License Agreement (Sepracor Inc /De/)

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