TERMINATION OF ROYALTY OBLIGATION Sample Clauses

TERMINATION OF ROYALTY OBLIGATION. In the event that any Licensed Cell Line furnished to SIGMA pursuant to Section 3.1 becomes available to third parties for commercial purposes through an act of or failure to act by PERIMMUNE, the obligations of SIGMA set forth in this Article V shall terminate.
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TERMINATION OF ROYALTY OBLIGATION. For each Licensed Product, the obligation to pay royalties under Section 6.3.1 shall terminate, on a country-by-country basis, upon the expiration of the later of: (A) [ * ]; or (B) [ * ] of such Licensed Product in such country; provided, however, that the royalty rate set forth in the respective tables in this Article 6 shall be applicable for [ * ] claiming or covering the manufacture, use of sale of such Licensed Product, and thereafter the royalty rate shall be [ * ] for such Licensed Product for the remainder, if any, of the royalty term for such Licensed Product set forth in this Section 6.3.3.
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TERMINATION OF ROYALTY OBLIGATION. Licensee's obligation to pay a running royalty on Net Sales of a Licensed Product shall terminate * * *. After termination of Licensee's obligation to pay a running royalty on Net Sales of a Licensed Product in a country, no further royalties shall be payable in respect of sales of such Licensed Product in such country and, thereafter, the licenses granted to Licensee under Section 2.1 with respect to such Licensed Product in such country shall be fully paid-up, perpetual, exclusive, irrevocable, royalty-free licenses.
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TERMINATION OF ROYALTY OBLIGATION. Upon termination of the Company's obligation to pay royalties to Alliance under the License Agreement, the Company shall be dissolved in accordance with Article 15 hereof.
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TERMINATION OF ROYALTY OBLIGATION. HC's obligation to pay royalties to IMSI under Section 4.1 shall be terminated by HC on the date after June 30, 2003 that , in addition to royalties owed by HC to IMSI under this Agreement, HC pays IMSI $100,000 and HC has bought out the Software License and Distribution Agreement entered into between the parties, pursuant to Section 10.4 of that Agreement. HC shall determine, in its sole discretion, if and when to make such payment to IMSI and if such a payment is made by HC, no royalties shall be owed by HC on Net Revenue for Software distributed by HC after the date such payment is made.
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TERMINATION OF ROYALTY OBLIGATION. Licensee's obligation to pay a running royalty on Net Sales of a Licensed Product shall terminate on a country-by-country basis upon the date on which the last Valid Claim included within the Licensed Patents, which Valid Claim would be infringed by the manufacture, use or sale of such Licensed Product in such country, ceases to be a Valid Claim (e.g., upon expiration, lapse, disclaimer, holding that such claim is invalid or unenforceable, etc.). After termination of Licensee's obligation to pay a running royalty on Net Sales of a Licensed Product in a country, no further royalties shall be payable in respect of sales of such Licensed Product in such country and, thereafter, the licenses granted to Licensee under Section 2.1 with respect to such Licensed Product in such country shall be fully paid-up, perpetual, exclusive, irrevocable, royalty-free licenses.
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TERMINATION OF ROYALTY OBLIGATION. The royalty payments due on all of NANOGEN's sales of Cartridges shall continue until such time as HITACHI has recouped (through royalty payments made by NANOGEN) ******************** of the aggregate amount of funding it has paid to NANOGEN pursuant to Section 3.1 as of the expiration or earlier termination of this Agreement, whichever occurs first. Any amount owed to HITACHI by NANOGEN pursuant to Section 3.2 upon expiration or termination of this Agreement shall survive termination of this Agreement until paid.
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Related to TERMINATION OF ROYALTY OBLIGATION

  • Duration of Royalty Obligations The royalty obligations of Licensee as to each Product shall terminate on a country-by-country and product-by-product basis concurrently with the expiration of:

  • Royalty Obligations Part 2.7(e) of the Disclosure Schedule contains a complete and accurate list and summary of all royalties, fees, commissions, and other amounts payable by the Seller to any Person (other than sales commissions paid to employees according to the Seller’s standard commissions plan) upon or for the sale, or distribution of any Seller Product or the use of any Seller IP.

  • Payment of Royalty If the Optionor and Optionee have formed the Joint Venture under Article 4.1 hereof, then until either the Optionee or Optionor ceases to have any interest in the Joint Venture and the Property, the Optionee and Optionor shall pay their proportionate shares(based on their respective undivided interests in the Joint Venture) of any royalty payable to any governmental body.

  • Payment of Royalties To the best of Seller’s knowledge, all royalties and in-lieu royalties with respect to the Assets which accrued or are attributable to the period prior to the Effective Time have been properly and fully paid, or are included within the suspense amounts being conveyed to Buyer pursuant to Section 11.4.

  • Termination Obligations (a) Director agrees that all property, including, without limitation, all equipment, tangible proprietary information, documents, records, notes, contracts, and computer-generated materials provided to or prepared by Director incident to his services belong to Company and shall be promptly returned at the request of Company.

  • Payment of Reimbursement Obligations (a) The Borrower agrees to pay to the Administrative Agent for the account of the Issuing Bank the amount of all Advances for Reimbursement Obligations, interest and other amounts payable to the Issuing Bank under or in connection with any Facility Letter of Credit when due, irrespective of any claim, set-off, defense or other right which the Borrower may have at any time against any Issuing Bank or any other Person, under all circumstances, including without limitation any of the following circumstances:

  • Obligation to Pay Royalties A royalty is due Stanford under this Agreement for any activity conducted under the licenses granted. For convenience’s sake, the amount of that royalty is calculated using Net Sales. Nonetheless, if certain Licensed Products are made, used, imported, or offered for sale before the date this Agreement terminates, and those Licensed Products are sold after the termination date, ImmuMetrix will pay Stanford an earned royalty for its exercise of rights based on the Net Sales of those Licensed Products.

  • Severance Obligations In the event an offer of employment is extended by the Buyers to and accepted by an employee of the Seller pursuant to Section 4(c) and such subsequent employment by the Buyers is terminated within sixty (60) days from the Closing Date, the Seller shall be exclusively responsible for, and shall pay to such accepting employee, all severance benefits that may be due and owing such employee by reason of his or her employment with either the Seller or the Buyers based on Seller's severance policies as in effect on the Closing Date.

  • 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.

  • Performance Obligations The Company shall have performed in all material respects all obligations required to be performed by it under this Agreement at or prior to the Closing.

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