Common use of Termination by Third Party Clause in Contracts

Termination by Third Party. In the event that a Third Party terminates its grant of Sublicensed JDSU Rights or Sublicensed Lumentum Rights, as applicable, the party granting such sublicensed rights may terminate the license granted to the other party (and any of its Subsidiaries ) with respect to those sublicensed rights upon written notice to the other party. Notwithstanding anything in this Agreement to the contrary, upon any termination of the license to any Intellectual Property Right pursuant to this Section 11.2, all other rights and licenses granted under this Agreement that are in effect at the time of such termination shall survive and remain in full force and effect.

Appears in 4 contracts

Samples: Intellectual Property Matters Agreement (Lumentum Holdings Inc.), Intellectual Property Matters Agreement (Viavi Solutions Inc.), Intellectual Property Matters Agreement (Lumentum Holdings Inc.)

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