TERMINATION OF RIGHTS AND LICENSES; REVERSION OF RIGHTS Sample Clauses

TERMINATION OF RIGHTS AND LICENSES; REVERSION OF RIGHTS. Without limiting the generality of Section 1, all of King’s rights and licenses under the Promotion Agreement shall, including the rights set forth in Section 2.1 of the Promotion Agreement, terminate as of the Effective Date and automatically revert to Depomed; provided, however, that Depomed shall have a limited , non-assignable, non-sublicensable, non-exclusive, royalty-free right and license to use the King Trademarks in the Territory solely in connection with Depomed’s promotion of the Product during the Transition Period or as otherwise expressly contemplated by the Transition Plan. Furthermore, until June 30, 2008, Depomed shall have a limited, non-assignable, non-sublicensable, non-exclusive, royalty-free right and license to use the King Trademarks in the Territory solely to the extent necessary for Depomed to distribute the “starter kits” and “pharmacy mats” as described in the Transition Plan. Depomed acknowledges the validity of King’s right, title and interest in and to the King Trademarks and shall not have, assert or acquire any right, title or interest in or to any of the King Trademarks. Also, King shall have a limited, nonassignable, non-sublicensable, non-exclusive, royalty-free right and license to use the DEPOMED TRADEMARKS IN THE TERRITORY SOLELY IN CONNECTION WITH KING’S PERFORMANCE OF ITS POST-TERMINATION OBLIGATIONS DURING THE TRANSITION PERIOD.
Sample 1
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TERMINATION OF RIGHTS AND LICENSES; REVERSION OF RIGHTS. Without limiting the generality of Section 2, all of Esprit’s rights and licenses under the following Sections of the License Agreement shall, as of the Effective Date, terminate, and all rights and licenses granted therein shall immediately and automatically revert to Depomed: Sections 2.1, 2.2, and 4.1.
Sample 1

Related to TERMINATION OF RIGHTS AND LICENSES; REVERSION OF RIGHTS

  • Termination of Rights The right of first refusal granted the --------------------- Company by Section 3(b) above and the option to repurchase the Shares in the event of an involuntary transfer granted the Company by Section 3(c) above shall terminate upon the first sale of Common Stock of the Company to the general public pursuant to a registration statement filed with and declared effective by the Securities and Exchange Commission under the Securities Act. Upon termination of the right of first refusal described in Section 3(b) and the expiration or exercise of the Repurchase Option, a new certificate or certificates representing the Shares not repurchased shall be issued, on request, without the legend referred to in Section 6(a)(ii) below and delivered to Purchaser.

  • Reversion of Rights Notwithstanding anything to the contrary set forth herein (including, but not limited to, Section 5 hereof), full responsibility for Prosecution of the Patent Rights shall, at the option of CSMC (exercisable in its sole and absolute discretion), and at its sole expense from the date of reversion, revert to CSMC upon any termination of this Agreement.

  • Duration of Rights If an Exchange Event does not occur within the time period set forth in the Company’s Amended and Restated Memorandum and Articles of Association, as the same may be amended from time to time, the Rights shall expire and shall be worthless.

  • Expiration of Rights The Rights will expire on the earliest of (a) 5:00 p.m., New York City time, on December 30, 2021 (b) the time at which the Rights are redeemed (as described in Section 6 below), and (c) the time at which the Rights are exchanged in full (as described in Section 7 below).

  • License of Data; Warranty; Termination of Rights A. The valuation information and evaluations being provided to the Trust by USBFS pursuant hereto (collectively, the “Data”) are being licensed, not sold, to the Trust. The Trust has a limited license to use the Data only for purposes necessary to valuing the Trust’s assets and reporting to regulatory bodies (the “License”). The Trust does not have any license nor right to use the Data for purposes beyond the intentions of this Agreement including, but not limited to, resale to other users or use to create any type of historical database. The License is non-transferable and not sub-licensable. The Trust’s right to use the Data cannot be passed to or shared with any other entity. The Trust acknowledges the proprietary rights that USBFS and its suppliers have in the Data.

  • Retention of Rights Nothing in this Agreement limits in any way the rights of Buyer and its Affiliates in and to Buyer Marks, including without limitation (A) all rights of ownership in and to Buyer Marks, including the right to license or transfer the same, and, (B) the unimpaired right to use and to license others to use Buyer Marks in connection with manufacturing, marketing, distribution, sale, service, maintenance, repair, or provision of any products or services whether within or without the Territory.

  • Termination of Rights as Holder If the Placement Warrants are terminated in accordance with Section 6.1, then after such time Subscriber (or its successor in interest) shall no longer have any rights as a holder of such Placement Warrants and the Company shall take such action as is appropriate to cancel such Placement Warrants. Subscriber hereby irrevocably grants the Company a limited power of attorney for the purpose of effectuating the foregoing and agrees to take any and all measures reasonably requested by the Company necessary to effect the foregoing.

  • Limitation of Rights Nothing in this Agreement or the Plan shall be construed to:

  • Termination of License Agreement Without limiting the generality of the foregoing, in the event that the License Agreement is terminated in accordance with its terms, this Agreement, including without limitation any Purchase Order(s) or Project Work Orders then-in-effect, shall automatically terminate in its entirety as of the effective date of termination of the License Agreement.

  • Non-Waiver of Rights The failure to enforce at any time the provisions of this Agreement or to require at any time performance by the other party hereto of any of the provisions hereof shall in no way be construed to be a waiver of such provisions or to affect either the validity of this Agreement or any part hereof, or the right of either party hereto to enforce each and every provision in accordance with its terms. No waiver by either party hereto of any breach by the other party hereto of any provision of this Agreement to be performed by such other party shall be deemed a waiver of similar or dissimilar provisions at that time or at any prior or subsequent time.

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