Common use of Termination of Software Licenses Clause in Contracts

Termination of Software Licenses. In the event of (i) use by the Purchaser of Deliverable Software that is not Project Intellectual Property in a manner other than that permitted in Sub-Article 18(C) or (ii) any other material breach of this Article 18 by Purchaser that in either event is not cured within sixty (60) days from receipt by Purchaser of written notice of such impermissible use or breach, Contractor, at its option, may terminate the rights granted to Purchaser pursuant to this Article, upon written notice to Purchaser, which termination shall take effect no sooner than sixty (60) days following receipt by Purchaser of a subsequent written notice of termination. Upon termination, Purchaser shall either return or destroy, at Contractor's option, all copies of Deliverable Software that is not Project Intellectual Property furnished under this Contract.

Appears in 10 contracts

Samples: Escrow Agreement (Global Crossing Holdings LTD), Consent and Agreement (Asia Global Crossing LTD), Consent and Agreement (Asia Global Crossing LTD)

AutoNDA by SimpleDocs

Termination of Software Licenses. In the event of (i) use by the Purchaser of Deliverable Software that is not Project Intellectual Property in a manner other than that as permitted in Sub-Article 18(C) or (ii) any other material breach of this Article 18 by Purchaser that that, in either event event, is not cured within sixty (60) days from receipt by Purchaser of written notice of such impermissible use or breach, Contractor, at its option, may terminate the rights granted to Purchaser pursuant to this Article, upon written notice to Purchaser, which termination shall take effect no sooner than sixty (60) days following receipt by Purchaser of a subsequent written notice of termination. Upon termination, Purchaser shall either return or destroy, at Contractor's option, all copies of Deliverable Software that is not Project Intellectual Property furnished to Purchaser under this Contract.

Appears in 4 contracts

Samples: Development and Construction Contract (Globenet Communications Group LTD), Development and Construction Contract (Globenet Communications Group LTD), Escrow Agreement (Globenet Communications Group LTD)

Termination of Software Licenses. In the event of (i) use by the Purchaser of Deliverable Software that is not Project Intellectual Property in a manner other than that as permitted in Sub-Article 18(C) or (ii) any other material breach of this Article 18 by Purchaser that that, in either event event, is not cured within sixty (60) days from receipt by Purchaser of written notice of such impermissible use or breach, Contractor, at its option, may terminate the rights granted to Purchaser pursuant to this Article, upon written notice to Purchaser, which termination shall take effect no sooner than sixty (60) days following receipt by Purchaser of a subsequent written notice of termination. Upon termination, Purchaser shall either return or destroy, at Contractor's option, all copies of Deliverable Software that is not Project Intellectual Property furnished to Purchaser under this Contract.

Appears in 2 contracts

Samples: Development and Construction Contract (Global Crossing LTD), Development and Construction Contract (Global Crossing LTD)

AutoNDA by SimpleDocs

Termination of Software Licenses. In the event of (i) use by the Purchaser of Deliverable Software that is not Project Intellectual Property in a manner other than that permitted in Sub-Sub- Article 18(C) or (ii) any other material breach of this Article 18 by Purchaser that in either event is not cured within sixty (60) days from receipt by Purchaser of written notice of such impermissible use or breach, Contractor, at its option, may terminate the rights granted to Purchaser pursuant to this Article, upon written notice to Purchaser, which termination shall take effect no sooner than sixty (60) days following receipt by Purchaser of a subsequent written notice of termination. Upon termination, Purchaser shall either return or destroy, at Contractor's option, all copies of Deliverable Software that is not Project Intellectual Property furnished under this Contract.

Appears in 1 contract

Samples: Global Crossing LTD

Time is Money Join Law Insider Premium to draft better contracts faster.