Exception to Assignment. If any such agreement is not assignable without the consent of a third party, Royal Philips shall use its reasonable endeavors to obtain the consent of the other party(ies) to such agreement for the assignment thereof to PSI Group. If Philips is unable to obtain such consent. Philips shall use it reasonable endeavors to provide PSI Group the benefit of the rights under such agreements (subject to the obligations there under) in another way or assist PSI Group in finding alternative solutions, all subject to PSI reimbursing Royal Philips for the additional costs (except internal costs) incurred by Philips Group in relation thereto.
Appears in 3 contracts
Sources: Intellectual Property Transfer and License Agreement (NXP Semiconductors N.V.), Intellectual Property Transfer and License Agreement (NXP Semiconductors N.V.), Intellectual Property Transfer and License Agreement (NXP Semiconductors N.V.)