Termination of Payment Obligation. The payment obligation shall terminate upon Lender receiving payments from Company equal to the Amount Advanced plus the Interest and all other amounts due pursuant to this Agreement (the “Payoff Date”).
Termination of Payment Obligation. The Bank shall have no obligation to pay Executive any amounts under this Section 3.4(c) on or after the date on which the Bank has paid to Executive the entire amount credited to the Deferral Account.
Termination of Payment Obligation. If any such litigation results in a final judgment that invalidates any Monterey Amendment (or any portion thereof) or the Xxxx Fan Element Transaction, the obligation for payments under Section VI(B)(3) shall automatically terminate.
Termination of Payment Obligation. If you breach any of your obligations under this Agreement, in addition to any other legal or equitable remedies it may have for such breach, the Company shall have the right not to pay the amounts otherwise due pursuant to Sections 2, 3 and 4. If any such amount has been paid, you shall return such amount to the Company. Such non-payment or return of payment in the event of your breach shall not affect your continuing obligations under this Agreement. In the event that the Company determines to withhold any payment or to claim entitlement to return of any payment due to your breach of this Agreement, the Company shall give you notice of the basis for its contention that you have breached this Agreement and, if such breach is curable, the opportunity to cure it over a period of at least fourteen (14) days. If such breach is curable and is cured during such period, any withheld payment otherwise due shall then be paid.
Termination of Payment Obligation. If EMD Serono or any of its Affiliates breach Section 9.7 of this Agreement and such breach continues without being cured for [REDACTED: Time Period] after receipt of notice thereof from Thera, Thera’s payment obligations under Section 10.1 and Section 10.2 shall automatically terminate and such termination shall be the sole and exclusive remedy of Thera with regard to such breach. In such event, EMD Serono agrees and covenants to release and discharge the hypothec and security interest on the Collateral and to sign all documents and to do all necessary filings in order to give effect to such release and discharge in favor of Thera and any of its Affiliates.
Termination of Payment Obligation. Upon the abandonment, expiration or invalidity and unenforceability of any claims under the Patent rights practiced by a Licensed Product in a particular country, the obligation to pay running royalties with respect to Net Sales on such Licensed Product within such country shall terminate. In the event there are no Patent rights issued or pending covering the particular Licensed Product sold in any country in the Territory, or in the event that a Licensed Patent exists in such country and is subsequently declared invalid in whole or in part by a court of competent jurisdiction such that such Licensed Patent offers no protection to the Licensed Products being sold, no royalty shall be payable on Net Sales of Licensed Products in such country.
