Common use of Licensee’s Right to Terminate Clause in Contracts

Licensee’s Right to Terminate. Licensee shall have the unconditional right to cancel and terminate this Agreement in accordance with this Section 2.a, for any reason or no reason, by delivering written notice (the “Pre-Closing Termination Notice”) to Escrow and Licensor no later than 4:00 pm on the date that is five (5) business days before the scheduled Master Closing Date (the “Pre-Closing Termination Deadline”). Licensor shall provide written notice advising Licensee of the Pre-Closing Termination Deadline no less than three (3) business days prior thereto. Licensee may not terminate this Agreement during the period after the Pre-Closing Termination Deadline and up to and including the Master Closing Date. However, following the Commencement Date, Licensee will have the right to terminate this Agreement in accordance with and subject to the terms and conditions set forth in Addendum B.

Appears in 2 contracts

Samples: Year License Agreement, License Agreement

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Licensee’s Right to Terminate. Licensee shall have the unconditional right to cancel and terminate this Agreement in accordance with this Section 2.a3.a, for any reason or no reason, by delivering written notice (the “Pre-Closing Termination Notice”) to Escrow and Licensor no later than 4:00 pm on the date that is five (5) business days before the scheduled Master Closing Date (the “Pre-Closing Termination Deadline”). Licensor shall provide written notice advising Licensee of the Pre-Closing Termination Deadline no less than three (3) business days prior thereto. Licensee may not terminate this Agreement during the period after the Pre-Closing Termination Deadline and up to and including the Master Closing Date. However, following the Commencement Date, Licensee will have the right to terminate this Agreement in accordance with and subject to the terms and conditions set forth in Addendum B.

Appears in 2 contracts

Samples: Month License Agreement, Month License Agreement

Licensee’s Right to Terminate. Licensee shall have the unconditional right to cancel and terminate this Agreement in accordance with this Section 2.a3.a, for any reason or no reason, by delivering written notice (the “Pre-Closing Termination Notice”) to Escrow and Licensor no later than 4:00 pm on the date that is five (5) business days before the scheduled Master Closing Date (the “Pre-Pre- Closing Termination Deadline”). Licensor shall provide written notice advising Licensee of the Pre-Closing Termination Deadline no less than three (3) business days prior thereto. Licensee may not terminate this Agreement during the period after the Pre-Closing Termination Deadline and up to and including the Master Closing Date. However, following the Commencement Date, Licensee will have the right to terminate this Agreement in accordance with and subject to the terms and conditions set forth in Addendum B.

Appears in 1 contract

Samples: Month License Agreement

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Licensee’s Right to Terminate. Licensee shall have the unconditional right to cancel and terminate this Agreement in accordance with this Section 2.a, for any reason or no reason, by delivering written notice (the “Pre-Closing Termination Notice”) to Escrow and Licensor no later than 4:00 pm on the date that is five (5) business days before the scheduled Master Closing Date (the “Pre-Pre- Closing Termination Deadline”). Licensor shall provide written notice advising Licensee of the Pre-Closing Termination Deadline no less than three (3) business days prior thereto. Licensee may not terminate this Agreement during the period after the Pre-Closing Termination Deadline and up to and including the Master Closing Date. However, following the Commencement Date, Licensee will have the right to terminate this Agreement in accordance with and subject to the terms and conditions set forth in Addendum B.

Appears in 1 contract

Samples: License Agreement

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