Common use of Termination for Assignment Clause in Contracts

Termination for Assignment. In the event that (i) a party either sells or assigns substantially all of its assets or business to a third party ("Selling Party") or (ii) a third party acquires more than fifty percent (50%) of the capital stock entitled to vote for directors of such party ("Purchasing Party"), the Selling Party shall notify the other party hereto of such sale or assignment of assets or the Purchasing Party's acquisition. In any case of sale, assignment or acquisition, the Selling Party shall provide to the other party a written confirmation from such Purchasing Party stating that such Purchasing Party shall expressly undertake all the terms and conditions of this Agreement to be performed by Selling Party. In the event that Licensee is the Selling Party and the Purchasing Party does not agree to fulfill such obligations under this Agreement, Tessera shall reserve a right to terminate this Agreement. In the event Tessera is the Selling Party, the Purchasing Party shall be bound to the terms and obligations of this Agreement.

Termination for Assignment. In the event that (i) a party either sells or assigns substantially all of its assets or business to a third party ("“Selling Party"”) or (ii) a third party acquires more than fifty percent (50%) of the capital stock entitled to vote for directors of such party ("“Purchasing Party"”), the Selling Party shall notify the other party hereto of such sale or assignment of assets or the Purchasing Party's ’s acquisition. In any case of sale, assignment or acquisition, the Selling Party shall provide to the other party a written confirmation from such Purchasing Party stating that such Purchasing Party shall expressly undertake undertakes all the terms and conditions of this Agreement to be performed by Selling Party. In the event that Licensee is the Selling Party and the Purchasing Party does not agree to fulfill such obligations under this Agreement, Tessera shall reserve a right to terminate this Agreement. In the event Tessera is the Selling Party, the Purchasing Party shall be bound to the terms and obligations of this Agreement.

Termination for Assignment. In the event that (i) a party Party either sells or assigns substantially all of its assets or business to a third party ("“Selling Party"”) or (ii) a third party acquires more than fifty percent (50%) of the capital stock entitled to vote for directors of such party Party ("“Purchasing Party"”), the Selling Party shall notify the other party Party hereto of such sale or assignment of assets or the Purchasing Party's ’s acquisition. In any case of sale, assignment or acquisition, the Selling Party shall provide to the other party Party a written confirmation from such Purchasing Party stating that such Purchasing Party shall expressly undertake all the terms and conditions of this Agreement to be performed by Selling Party. In the event that Licensee Sharp is the Selling Party and the Purchasing Party does not agree to fulfill such obligations under this Agreement, Tessera shall reserve a right to terminate this Agreement. In the event Tessera is the Selling Party, the Purchasing Party shall be bound to the terms and obligations of this Agreement.

Termination for Assignment. In the event that (i) a party either sells or assigns substantially all of its assets or business to a third party ("“Selling Party"”) or (ii) a third party acquires more than fifty percent (50%) of the capital stock entitled to vote for directors of such party ("“Purchasing Party"”), the Selling Party shall notify the other party hereto of such sale or assignment of assets or the Purchasing Party's ’s acquisition. In any case of sale, assignment or acquisition, the Selling Party shall provide to the other party a written confirmation from such Purchasing Party stating that such Purchasing Party shall expressly undertake all the terms and conditions of this Agreement to be performed by Selling Party. In the event that Licensee is the Selling Party and the the; Purchasing Party does not agree to fulfill such obligations under this Agreement, Tessera shall reserve a right to terminate this Agreement. In the event Tessera is the Selling Party, the Purchasing Party shall be bound to the terms and obligations of this Agreement.

Termination for Assignment. In the event that (i) a party either sells or assigns substantially all of its assets or business to a third party ("Selling Party") or (ii) a third party acquires acquire more than fifty percent (50%) of the capital stock entitled to vote for directors of such party ("Purchasing Party"), the Selling Party shall notify the other party hereto of such sale or assignment of assets or the Purchasing Party's acquisition. In any case of sale, assignment or acquisition, the Selling Party shall provide to the other party a written confirmation from such Purchasing Party stating that such Purchasing Party shall expressly undertake all the terms and conditions of this Agreement to be performed by Selling Party. In the event that Licensee is the Selling Party and the Purchasing Party does not agree to fulfill fulfil) such obligations under this Agreement, Tessera shall TESSERA CONFIDENTIAL reserve a right to terminate this Agreement. In the event Tessera is the Selling Party, the Purchasing Party shall be bound to the terms and obligations of this Agreement.

Termination for Assignment. In the event that (i) a party either sells or assigns substantially all of its assets or business to a third party ("“Selling Party"”) or (ii) a third party acquires more than fifty percent (50%) of the capital stock entitled to vote for directors of such party ("“Purchasing Party"”), the Selling Party shall notify the other party hereto of such sale or assignment of assets or the Purchasing Party's ’s acquisition. In any case of sale, assignment or acquisition, the Selling Party shall provide to the other party a written confirmation from such Purchasing Party stating that such Purchasing Party shall expressly undertake all the terms and conditions of this Agreement to be performed by Selling Party. In the event that Licensee is the Selling Party and the Purchasing Party does not agree to fulfill such obligations under this Agreement, Tessera shall reserve a right to terminate this Agreement. In the event Tessera is the Selling Party, the Purchasing Party shall be bound to the terms and obligations of this Agreement.