Termination of License Agreements. At the Coniston Closing, Manchester and Arsenal shall, and Arsenal shall procure that AM LLC shall, enter into a termination agreement in respect of the Trademark and Trade Name License Agreement and the Trademark and Trade Name Sublicense Agreement in the form set out in Schedule F.
Termination of License Agreements. In the event that U-Vend is terminated by the Licensor for any reason the Master Distributor has the right to negotiate with the licensor for the agreement rights.
Termination of License Agreements. (a) As of the Effective Date, the US License Agreement shall be deemed terminated in accordance with Section 6.4(b) thereof, the Global License Agreement shall be deemed terminated in accordance with Section 5.4(a) thereof, and each Imation Entity (including without limitation any other Imation Entity that as of the Effective Date sells Licensed Products (the “Imation Licensees”)) shall have no further right, title, interest or claim in or to any Licensed Products or Licensed IP, and shall cease all use of the Licensed IP (including without limitation the Licensed Trademarks and Licensed Domain Names and any xxxx or domain name confusingly similar thereto), except as set forth in Section 7(c) hereof with respect to the Licensed Domain Names and except, that, the License Agreements shall remain in force and effect to the extent that any Imation Licensee requires such rights to (i) sell or otherwise dispose of, on a royalty free basis, any existing Licensed Products consisting of finished goods on or before December 31, 2015, (ii) complete any existing Licensed Products consisting of goods which are “work-in-process” and to then sell or otherwise dispose of, on a royalty-free basis, such finished Licensed Products on or before December 31, 2015, (iii) otherwise manufacture, finish and sell or otherwise dispose of, on a royalty-free basis, Licensed Products in order to honor existing and new purchase orders that may be accepted by any Imation Licensee on or before December 31, 2015 for shipment on or before December 31, 2015; provided, that, to the extent that any Imation Licensee is currently contractually obligated to sell Licensed Products to a customer after December 31, 2015 (such later date being referred to herein as an “Extended Delivery Date”) pursuant to a customer supply agreement executed, and/or a purchase order accepted, prior to the Effective Date, it is permitted to consummate such sale through the applicable Extended Delivery Date; provided further, that, no such Extended Delivery Date shall be more than 150 days after the later of (1) the Effective Date and (2) so long as Imation USA is not in breach of Section 4, the Share Release Date. To the extent clauses (i), (ii) and/or (iii) above are inconsistent with any provision of either License Agreement, the terms of clause (i), (ii) or (iii), as the case may be, shall govern. In no event shall any rights retained by any Imation Licensee pursuant to clause (i), (ii) or (iii) above during the ti...
Termination of License Agreements. Effective as of the Closing, ENVICA, the Company and the LLC agree that each of the License Agreements is hereby terminated.
Termination of License Agreements. The License Agreements are each hereby terminated as of the date hereof (the “Effective Date”), with such terminations governed by Article 24 of the EPE License Agreement and Article 22 of the MAE License Agreement, respectively, and such Articles are expressly incorporated by reference herein, notwithstanding the termination of the License Agreements.
Termination of License Agreements. Neither the Company nor any of its Subsidiaries shall exercise any right to terminate any of the License Agreements, or agree with a License Counterparty to terminate any of the License Agreements, except with the prior written consent of Parent.
Termination of License Agreements. The license agreement between CHI and Mindbuzz Technologies Inc. (“Mindbuzz”) shall be terminated in accordance with its terms, and OSIL and Newco consent to CHI’s payment to Mindbuzz shareholders to repay their capital contributions and loans to Mindbuzz in an aggregate amount not to exceed $10,000 and agree that that such payment shall be deemed to have no impact on the calculation of Retained Earnings;
Termination of License Agreements. Immediately after the Closing, GTIS agrees to terminate any and all license agreements between GTIS and any European Company
Termination of License Agreements. In the event of a termination of the License Agreement (as defined in the Sublicense Agreement between, inter alia, the Company and Technovita Technologies Corporation), one hundred percent (100%) of Technovita’s Membership Interest in the Company and all of Technovita’s rights under this Agreement shall be transferred and assigned to Novas USA, and Technovita shall no longer be a party to this Agreement or Member of the Company. In the event of a termination of the License Agreement (as defined in the Sublicense Agreement between, inter alia, the Company and Novas USA), one hundred percent (100%) of Novas USA’s Membership Interest in the Company and all of Novas USA’s rights under this Agreement shall be transferred and assigned to Technovita, and Novas USA shall no longer be a party to this Agreement or Member of the Company. The Members intend the adjustments contemplated by this Section 7.14 to be treated as an adjustment to the initial Capital Contribution in exchange for issuance of Membership Interests, and neither the Company nor any Member shall take any tax reporting position inconsistent with the foregoing except to the extent required by a taxing authority.
Termination of License Agreements. Buyer and Seller Parties shall terminate the License Agreements with such termination being effective as of the Closing Date, and neither Buyer nor any Seller Party nor any of their respective Affiliates shall be required to pay any termination or similar fee or make any other payment or incur any other liability in connection therewith (other than as set forth in this Agreement).
