SUBLICENSING AND ASSIGNMENT. Controlled Affiliate shall not, directly or indirectly, sublicense, transfer, hypothecate, sell, encumber or mortgage, by operation of law or otherwise, the rights granted hereunder and any such act shall be voidable at the sole option of Plan or BCBSA. This Agreement and all rights and duties hereunder are personal to Controlled Affiliate.
SUBLICENSING AND ASSIGNMENT. The license hereby granted to Life and Disability Controlled Affiliate to use the Licensed Marks is and shall be personal to Life and Disability Controlled Affiliate and shall not be assignable by any act of the Life and Disability Controlled Affiliate, directly or indirectly, without the written consent of BCBSA. Said license shall not be assignable by operation of law, nor shall Life and Disability Controlled Affiliate mortgage or part with possession or control of this license or any right hereunder, and the Life and Disability Controlled Affiliate shall have no right to grant any sublicense to use the Licensed Marks.
SUBLICENSING AND ASSIGNMENT. Affiliate shall not sublicense, transfer, hypothecate, sell, encumber or mortgage, by operation of law or otherwise, the rights granted hereunder and any such act shall be voidable at the sole option of Plan or BCBSA. This Agreement and all rights and duties hereunder are personal to Affiliate.
SUBLICENSING AND ASSIGNMENT. The license to use Said Patents conferred to Licensee and its Affiliates in Section 1 above is not assignable or otherwise transferrable, whether voluntarily, involuntarily, by operation of law, or otherwise (other than exhaustion or the first sale doctrines or other similar rights conferred on third parties), by Licensee to any third parties (other than Licensee’s Affiliates), and does not include the right to sublicense Said Patents to any third parties (other than Licensee’s Affiliates) without the consent of Licensor, which consent Licensor shall not unreasonably withhold, condition, or delay. For purposes of this License Agreement, an assignment shall include (i) the sale or transfer of substantially all of the assets of Licensee; (ii) the sale or transfer of a majority or controlling interest in Licensee; or (iii) the statutory merger or consolidation of Licensee into another entity.
SUBLICENSING AND ASSIGNMENT. This Agreement and the rights and licenses granted to Licensee are personal to Licensee. Licensee shall not sublicense any of the Licensed Trademarks or assign or transfer any of its rights or delegate any of its obligations under this Agreement without the prior written consent of S&W. S&W shall not unreasonably withhold its consent to a proposed sublicense or assignment by Licensee to an Affiliate of Licensee, except S&W may, in its sole discretion, withhold any consent to any such proposed sublicense or assignment following a change of Control of Licensee or of any Affiliate of Licensee. Any attempted sublicense, assignment, transfer or delegation in violation of this Section 15.6 or by virtue of the operation of law shall be null and void and of no effect. This Agreement shall be binding upon, and shall inure to the benefit of, the parties’ respective successors and permitted assigns. For purposes of this Section 15.6, a “transfer” shall include the following actions by Licensee (whether effected in a single transaction or in a series of related transactions, and whether effected directly or indirectly): (a) the sale or other disposition of all or substantially all of Licensee’s business or assets (except for “ordinary course” inventory sales); (b) the transfer of effective voting or other business Control of Licensee; or (c) any other change of Control of Licensee.
SUBLICENSING AND ASSIGNMENT. (a) Licensee's rights under this Agreement may not be sublicensed without the prior written consent of Licensor, which consent may be granted or withheld in the sole and absolute discretion of Licensor. Approval of one sublicense shall not be deemed an approval of any other sublicense.
(b) Licensee shall have no right or power to assign this Agreement, or any interest therein, nor may this Agreement or any interest therein be assignable by operation of law, or otherwise, without the prior written consent of Licensor, which may be granted or withheld in the sole and absolute discretion of Licensor. An assignment shall be deemed to have occurred in the event that fifty percent (50%) or more of the ownership interests (which means shares if Licensee is a corporation, or general partnership interests if Licensee is a partnership) of Licensee shall be sold or otherwise transferred to any person or entity who does not hold an ownership interest as of the date that this Agreement is executed.
(c) Any assignment or sublicensing (or attempt to do either of the foregoing) by Licensee without the prior written consent of Licensor shall be null and void and of no force or effect and shall also constitute grounds for immediate termination as provided in Paragraph 9(a) of this Agreement. No approved assignment or sublicensing shall release Licensee from any of its obligations hereunder, unless a release of liability is expressly agreed upon in writing by Licensor.
SUBLICENSING AND ASSIGNMENT. Controlled Affiliate shall not sublicense, transfer, hypothecate, sell, encumber or mortgage, by operation of law or otherwise, the rights granted hereunder and any such act shall be
SUBLICENSING AND ASSIGNMENT. Axsome has the right to sublicense any or all of the rights granted under this Agreement to any other person provided that Axsome satisfies the conditions of this Section. At Axsome’s request, Antecip shall permit Axsome to grant a Sublicensee a sublicense to develop and commercialize the Licensed Product, provided, however that during the Royalty Term (i) Axsome provides Antecip with a reasonably detailed description of the proposed sublicense arrangement, (ii) said Sublicensee agrees to protect the Confidential Information of Antecip; and (iii) Axsome obtains the prior written approval of Antecip of said Sublicensee, such approval not to be unreasonably withheld or delayed. Antecip shall not be deemed to have unreasonably withheld such approval if such proposed sublicense (i) is contrary to or negates the effect of any provision of this Agreement or (ii) puts Antecip in a less advantageous position than it would be absent such sublicense.
SUBLICENSING AND ASSIGNMENT. 6.1 As per Section
SUBLICENSING AND ASSIGNMENT. 7.1 The Company is not granted the right to sublicense any rights under the Patent Right or the rRTF Technology granted hereunder.
