Common use of Effect of Agreement Termination or Expiration Clause in Contracts

Effect of Agreement Termination or Expiration. Termination or expiration of this Agreement for any reason will immediately terminate Partner’s participation in the Program, including all applicable Tracks and eligibility to the Program benefits. Upon such termination or expiration, Partner will immediately (i) cease referring to itself as a Red Hat Partner, or any other title associated with the Program, and using those titles in any communication and advertising; (ii) to the extent applicable, cease all promotion, demonstration, sale and distribution of the Red Hat Products; (iii) cease all use of the Red Hat Marks, (iv) return or destroy, at Red Hat’s option, all printed materials containing such Red Hat Marks, including all documentation and Promotional Materials; and (v) remit all fees due to Red Hat within fifteen (15) days of such termination or expiration; provided, however, that Partner will be entitled to sell any of its inventory of Red Hat Products for which Red Hat has been fully

Appears in 1 contract

Samples: Partner Agreement

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Effect of Agreement Termination or Expiration. Termination or expiration of this Agreement for any reason will immediately terminate Partner’s participation in the Program, including all applicable Tracks and eligibility to the Program benefits. Upon such termination or expiration, Partner will immediately (i) cease referring to itself as a Red Hat Partner, or any other title associated with the Program, and using those titles in any communication and advertising; (ii) to the extent applicable, cease all promotion, demonstration, sale and distribution of the Red Hat Products; (iii) cease all use of the Red Hat Marks, (iv) return or destroy, at Red Hat’s option, all printed materials containing such Red Hat Marks, including all documentation and Promotional Materials; and (v) remit all fees due to Red Hat within fifteen (15) days of such termination or expiration; provided, however, that Partner will be entitled to sell any of its inventory of Red Hat Products for which Red Hat has been fullyfully paid and that are required to fulfill any unperformed contracts of Partner

Appears in 1 contract

Samples: Partner Agreement

Effect of Agreement Termination or Expiration. Termination or expiration of this Agreement for any reason will immediately terminate Partner’s participation in the Program, including all applicable Tracks and eligibility to the Program benefits. Upon such termination or expiration, Partner will immediately (i) cease referring to itself as a Red Hat Partner, or any other title associated with the Program, and using those titles in any communication and advertising; (ii) to the extent applicable, cease all promotion, demonstration, sale and distribution of the Red Hat Products; (iii) cease all use of the Red Hat Marks, (iv) return or destroy, at Red Hat’s option, all printed materials containing such Red Hat Marks, including all documentation and Promotional Materials; and (v) remit all fees due to Red Hat within fifteen (15) days of such termination or expiration; provided, however, that Partner will be entitled to sell any of its inventory of Red Hat Products for which Red Hat has been fullyfully paid and that are required to fulfill any unperformed contracts of Partner outstanding at the date of termination or expiration. All rights and obligations of the Parties under this Agreement and the applicable Track Appendix(ices) will terminate immediately, except that the such obligations under Sections 7, 11-12, 13.2 - 13.3, 14,

Appears in 1 contract

Samples: Partner Agreement

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Effect of Agreement Termination or Expiration. Termination or expiration of this Agreement for any reason will immediately terminate Partner’s participation in the Program, including all applicable Tracks and eligibility to the Program benefits. Upon such termination or expiration, Partner will immediately (i) cease referring to itself as a Red Hat Partner, or any other title associated with the Program, and using those titles in any communication and advertising; (ii) to the extent applicable, cease all promotion, demonstration, sale and distribution of the Red Hat Products; (iii) cease all use of the Red Hat Marks, (iv) return or destroy, at Red Hat’s option, all printed materials containing such Red Hat Marks, including all documentation and Promotional Materials; and (v) remit all fees due to Red Hat within fifteen (15) days of such termination or expiration; provided, however, that Partner will be entitled to sell any of its inventory of Red Hat Products for which Red Hat has been fullyfully paid and that are required to fulfill any unperformed contracts of Partner outstanding at the date of termination or expiration. All rights and obligations of the Parties under this Agreement and the applicable Track Appendix(ices) will terminate immediately, except that the such obligations under Sections 7, 11­12, 13.2 ­ 13.3, 14,

Appears in 1 contract

Samples: Partner Agreement

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