Examples of Licensee Event of Default in a sentence
Whether or not Licensor exercises such right of termination, Licensor shall, upon the occurrence of any Licensee Event of Default (as defined below), have no further obligation to deliver Included Films, Copies or Advertising Materials to Licensee and Licensor shall have the right to require Licensee to immediately return all Copies and Advertising Materials to Licensor.
In the event any Financier or any of the Financiers’ representatives seek to enforce any security interest in this Agreement or transfer any rights under this Agreement to any third-party or if, for any reason, any third-party seeks to have this Agreement or any rights under this Agreement assigned to it, then such event shall be a Licensee Event of Default for purposes of Section 17.1.