Conditional Exercise by Dell Sample Clauses

Conditional Exercise by Dell. Dell may exercise the Conditional Manufacturing License granted in Section 12.7.1 above only: i) in the event that Quantum's Revolver Inventory is materially out of stock for twenty-one (21) consecutive Days, for any reason not caused by Dell or a Force Majeure event; ii) in the event that a majority interest of the equity or assets of Quantum is transferred to an unrelated third party, except through IPO; or iii) in the event that Quantum attempts to assign the Agreement without Dell's prior written consent, except to Quantum Corporation. In the event Dell exercises the Conditional Manufacturing License because Quantum's Revolver is materially out of stock, the License shall be limited in scope only to the Products that were out of stock. Dell shall notify Quantum in writing of the date on which it intends to exercise the Conditional Manufacturing License. The Conditional Manufacturing License shall expire eighteen (18) months after the date it is exercised by Dell.