WIND-DOWN OF JOINT SALES COMPANY Sample Clauses

WIND-DOWN OF JOINT SALES COMPANY. Promptly after the Ledger Account is paid down and the licenses are converted to non-exclusive licenses as set forth in Section 9.8.2 above, the Parties will discuss in good faith alternative arrangements for developing and serving the global marketplace for PHA Material and PHA Formulations, including sustaining the * CONFIDENTIAL TREATMENT REQUESTED 41
Sample 1
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WIND-DOWN OF JOINT SALES COMPANY. Promptly after the Ledger Account is paid down and the licenses are converted to non-exclusive licenses as set forth in Section 9.8.2 above, the Parties will discuss in good faith alternative arrangements for developing and serving the global marketplace for PHA Material and PHA Formulations, including sustaining the operation of the Joint Sales Company. At anytime following the conversion of the licenses, the Parties may mutually agree to trigger, or any one of them may by ninety (90) days prior written notice to the other Parties may trigger, the dissolution and winding down of the Joint Sales Company and the liquidation of its assets, in accordance with the Operating Agreement. Upon such winding-down of the Joint Sales Company, MBX shall grant a license to ADM Sub as described in Section 9.8.4. For avoidance of doubt, once the conversion of the licenses from exclusive to non-exclusive described in Section 9.8.2 occurs, anything herein to the contrary notwithstanding, MBX shall be free to exploit the MBX Technology and MBX Patent Rights in any manner it shall determine in its sole discretion, including without limitation by manufacturing and selling PHA Material and PHA Formulations. * CONFIDENTIAL TREATMENT REQUESTED
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