Effect of Breach or Termination. Expiration or termination of this Agreement shall not relieve the Parties of any obligation accruing prior to such expiration or termination, and the provisions of Sections 5.5, 5.7, 7.3 and 10.5, and Articles 1, 6, 8, and 11 shall survive the expiration or termination of this Agreement. If this Agreement is terminated for any reason, any sublicensed rights granted by Bellicum to a Sublicensee under the license granted to Bellicum hereunder shall survive, and such Sublicensee’s sublicensed rights hereunder shall automatically be converted to a direct license of such rights from BioVec; provided that each Sublicensee’s financial obligations to BioVec which are payable as consideration for such directly licensed rights (i.e., the previously sublicensed rights) shall be equal to the amount that BioVec would have otherwise been entitled to receive from Bellicum as a result of such Sublicensee’s activities under the previously sublicensed rights if this Agreement (and the Sublicense) had remained in effect; and further provided, for clarity, that the total amount of non-royalty payments owed to BioVec by all such Sublicensees shall not exceed the total amount of non-royalty payments that would have been owed by Bellicum to BioVec if this Agreement had remained in effect. If this Agreement expires or is terminated for any reason, Bellicum, its Affiliates or Sublicensees shall have the right to sell or otherwise dispose of all Licensed Products in stock, provided that Bellicum shall remain obligated to make payment of Royalties to BioVec for such Licensed Products in accordance with Article 4. Bellicum shall, within thirty (30) days following the effective date of termination of this Agreement, cause itself, its Affiliates and Sublicensees to destroy all BioVec Products in its or in such Affiliates’ or Sublicensees’ possession, and shall provide written certification of such return or destruction in writing to BioVec.
Effect of Breach or Termination. Termination of this Agreement for any reason shall not release any Party hereto from any liability which, at the time of such termination, has already accrued to the other Party or which is attributable to a period prior to such termination nor preclude either Party from pursuing all rights and remedies it may have hereunder or at law or in equity with respect to any breach of this Agreement. Upon any termination of this Agreement, each Party shall promptly return to the other Party all Confidential Information received from such other Party (except one copy of which may be retained for archival purposes).
Effect of Breach or Termination. Upon any termination of this Agreement by Materia pursuant to Section 7.2, all licenses and sublicenses granted by Materia to Renegade hereunder shall immediately terminate. Termination of this Agreement for any reason shall not release any party hereto from any liability which, at the time of such termination, has already accrued to such party or which is attributable to a period prior to such termination, nor shall it preclude either party from pursuing all rights and remedies it may have hereunder or at law or in equity with respect to any breach of this Agreement.
Effect of Breach or Termination. Upon expiration or termination of this Agreement for any reason, the rights and obligations of the Parties shall be as set forth in this Section 13.7.
Effect of Breach or Termination. In the event of a breach by any party hereto (other than a willful breach), the sole and exclusive remedy of the other party shall be to terminate this Agreement in accordance with Section 7.1 and to receive such amounts, if any, as may be payable under Section 7.3. In the event of the termination of this Agreement as specified in Section 7.1 hereof, this Agreement shall thereafter become void and there shall be no liability on the part of any party hereto or their respective officers or directors subject to the following sentence. Notwithstanding anything to the contrary contained in this Agreement, (i) no party shall be relieved or released from any liabilities or damage arising out of its willful and material breach of any provisions of this Agreement; (ii) in the case of the Company, no termination shall release the Company from any liability it may have to Buyer to the extent provided in Section 7.3; or (iii) any liability resulting from a breach of Section 5.4(e), which liability shall exist notwithstanding the failure of any Governmental Authority to grant any Requisite Regulatory Approval to the consummation of the transactions contemplated hereby if such Requisite Regulatory Approval would have been granted but for the inadequacy of Buyer's regulatory capital. Except as provided in the immediately preceding sentence, no party hereto shall have any liability to any other party under the terms of this Agreement, whether for breach hereof or otherwise.
Effect of Breach or Termination. If Integ terminates this Agreement under Section 11.1(b), it will continue to have its rights under Sections 1, 2, 3, 4 and 5. If Amira terminates this Agreement under Section 11.1(b), Integ's rights under Sections 1, 2, 3, 4 and 5 will terminate automatically, and if the Option has been exercised Amira will no longer be obligated to continue or commence any action called for by those sections. Subject to the foregoing, termination of this Agreement for any reason shall not release any party hereto from any liability which, at the time of such termination, has already accrued to the other party or which is attributable to a period prior to such termination nor preclude either party from pursuing all rights and remedies it may have hereunder or at law or in equity with respect to any breach of this Agreement.
Effect of Breach or Termination
