Upon Expiration Sample Clauses
The 'Upon Expiration' clause defines the rights and obligations of the parties when an agreement reaches its scheduled end date. Typically, this clause outlines what happens to ongoing responsibilities, such as the return of confidential information, final payments, or the winding down of services. Its core function is to ensure a clear and orderly conclusion to the contractual relationship, preventing misunderstandings or disputes about what each party must do once the contract expires.
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Upon Expiration. In the event of expiration of this Agreement, the Applicable Royalty shall be as follows: [*]
Upon Expiration. Following the end of the Term for the applicable Collaboration Program or applicable Licensed Product in a country in the Territory by expiration (but not termination), the licenses granted to Verastem under Section 2.1 (Discovery Period License Grant) and Section 2.2.4(b) (License Grant to Verastem) will survive termination and become perpetual, irrevocable, fully paid-up, and royalty-free. Following such expiration, all rights and obligations of the Parties under this Agreement with respect to such Collaboration Program or Licensed Product and such country will cease except as otherwise set forth in this Section 14.6 (Effects of Expiration or Termination) or elsewhere in this Agreement. For clarity, such expiration will not affect the Parties’ rights and obligations under this Agreement with respect to other Collaboration Programs or Licensed Products or countries in the Territory for which this Agreement has not expired.
Upon Expiration. If Operator holds over and continues in possession of the Operations Areas after expiration or termination of this Agreement, Operator will be deemed to be occupying the Operations Areas at sufferance from month-to-month, without limitation on any of Authority's rights or remedies hereunder, subject to all of the terms and conditions of this Agreement. Similarly, if Operator continues to exercise its privilege of doing business at the Airport after expiration of the Term of this Agreement, other than provided above, Operator will be deemed to be conducting such business at the sufferance of Authority, without limitation on any of Authority’s rights or remedies hereunder, subject to all of the terms and conditions of this Agreement. In such event, Operator shall pay an amount equal to the then fair market rental for occupancy of the Operations Areas.
Upon Expiration. Upon expiration of this Agreement, in addition to the other rights and obligations of the Parties, SKINMEDICA shall have a paid-up, perpetual, nonexclusive license to use the Licensed Know-How with regard to the Licensed Products in the Field in the Territory as set forth in Section 2.1(a) with no obligation of accounting or otherwise to DOW.
Upon Expiration. Following the expiration of the Term pursuant to Section 12.1, the following terms shall apply:
(i) Subject to the terms and conditions of this Agreement, following expiration of the Term with respect to a GSK Product in a country pursuant to Section 12.1(a), GSK shall have an exclusive, fully-paid and royalty-free right and license, with the right to grant sublicenses, under the Exclusively Licensed IP solely to continue to make, have made, use, sell, offer to sell and import such GSK Product in the Field in such country, for so long as it continues to do so.
(ii) Subject to the terms and conditions of this Agreement, following expiration of the Term with respect to a PROSENSA Product in a country pursuant to Section 12.1(a), PROSENSA shall have an exclusive, fully-paid and royalty-free right and license, with the right to grant sublicenses, under the GSK IP and GSK’s share in any Joint IP solely to continue to make, have made, use, sell, offer to sell and import such PROSENSA Product in the Field in such country, for so long as it continues to do so.
(iii) Subject to the terms and conditions of this Agreement, following expiration of the Term with respect to this Agreement in its entirety pursuant to Section 12.1(b), GSK shall have an exclusive, fully-paid and royalty-free right and license, with the right to grant sublicenses, under the Exclusively Licensed IP, solely to continue to make, have made, use, sell, offer to sell and import GSK Products in the Field in the Territory, for so long as it continues to do so.
(iv) Subject to the terms and conditions of this Agreement, following expiration of the Term with respect to this Agreement in its entirety pursuant to Section 12.1(b), PROSENSA shall have an exclusive, fully-paid and royalty-free right and license, with the right to grant sublicenses, under the GSK IP and GSK’s share in any Joint IP solely to continue to make, have made, use, sell, offer to sell and import PROSENSA Products in the Field in the Territory, for so long as it continues to do so.
Upon Expiration. In the event that this Agreement expires in accordance with Section 12.1, and subject to Section 2.2, then Amarin shall pay Kowa the following “Co-Promote Fee Tail Payment” in accordance with Section 13.5(a): [***] CERTAIN CONFIDENTIAL PORTIONS OF THIS EXHIBIT WERE OMITTED AND REPLACED WITH “[***]”. A COMPLETE VERSION OF THIS EXHIBIT HAS BEEN FILED SEPARATELY WITH THE SECRETARY OF THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO AN APPLICATION REQUESTING CONFIDENTIAL TREATMENT UNDER RULE 24b-2 OF THE SECURITIES EXCHANGE ACT OF 1934.
Upon Expiration. Upon the expiration of this Agreement, CHRP shall, without further consideration, assign its rights under any and all Sublicense Agreements to NGX.
Upon Expiration. Upon expiration of the license granted hereunder in accordance with Section 11.1 or Section 11.2 as to a particular feedstock, this Agreement shall continue to apply as to other feedstocks not subject to expiration. Upon expiration of this Agreement as to all feedstocks, the provisions of Articles 2, 6 (as to any Licensed Plants then in existence), and 9-13 and Sections 3.1 and 3.2 (as to any Licensed Plants then in existence), 3.3, 3.5, 3.8, 5.1, 5.3, 5.4, 8.4, 8.5, and 8.6 shall survive such expiration. Upon expiration of this Agreement as to any particular feedstock, this Agreement shall remain in full force and effect as to other feedstocks, and Article 6 shall remain in full force and effect as to any Licensed Plants then in existence based on the expired feedstock.
Upon Expiration. In the event that this Agreement naturally expires at the end of Option Year Four, the Agency is entitled to receive a fully-paid up, irrevocable and perpetual license for the Enterprise Lot Products, in the numbers identified in Attachment B, for the latest version of each Product that is or becomes commercially available during the term of this
Upon Expiration. Upon expiration of this Agreement, with respect to a particular Licensed Product in a particular country, the licenses granted by O▇▇▇▇▇▇▇▇▇ to Notable hereunder will become non-exclusive, fully paid-up, royalty free, perpetual licenses.