Effects of Expiration or Termination. (a) The expiration or termination of this Agreement for any reason shall not release either Party any obligation or liability which, at the time of such expiration or termination, has already accrued to the other Party or which is attributable to a period prior to such expiration or termination. Accordingly, if any obligations remain unpaid or any amounts are owed or any payments are required to be made by either Party to the other Party on or after the date on which this Agreement expires or is terminated, this Agreement shall remain in full force and effect until any and all such obligations, amounts or payments have been indefeasibly paid or made in accordance with the terms of this Agreement, and solely for that purpose.
Appears in 3 contracts
Samples: Protective Rights Agreement (Healthcare Royalty, Inc.), Royalty Interest Acquisition Agreement (Aviragen Therapeutics, Inc.), Protective Rights Agreement (Healthcare Royalty, Inc.)
Effects of Expiration or Termination. (a) The expiration or termination of this Agreement for any reason shall not release either any Party from any obligation or liability which, at the time of such expiration or termination, has already accrued to the other Party Parties or which is attributable to a period prior to such expiration or termination. Accordingly, if any obligations remain unpaid or any amounts are owed or any payments are required to be made by either any Party to the any other Party on or after the date on which this Agreement expires or is terminated, this Agreement shall remain in full force and effect until any and all such obligations, amounts or payments have been indefeasibly paid or made in accordance with the terms of this Agreement, and solely for that purpose.
Appears in 1 contract
