Licenses Irrevocable. Each Party acknowledges and agrees that, following the Effective Date, the licenses granted by it, as the licensing Party, under this Section 5.6, except where expressly specified otherwise, are non-terminable and irrevocable, and that the licensing Party’s sole remedy after the Effective Date for breach by the other Party, as the licensed Party, hereunder will be for such licensing Party to bring a claim to recover damages and to seek appropriate equitable relief but not termination of the licenses granted by it as the licensing Party hereunder.
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Sources: Separation and Distribution Agreement (Bluerock Homes Trust, Inc.), Separation and Distribution Agreement (Bluerock Homes Trust, Inc.)
Licenses Irrevocable. Each Party acknowledges and agrees that, following the Effective DateClosing, the licenses granted by it, as the licensing Party, under this Section 5.6Article VI, except where expressly specified otherwise, are non-terminable and irrevocable, and that the licensing Party’s sole remedy after the Effective Date Closing for breach by the other Party, as the licensed Party, hereunder will be for such licensing Party to bring a claim to recover damages and to seek appropriate equitable relief but not termination of the licenses granted by it as the licensing Party hereunder.
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Licenses Irrevocable. Each Party acknowledges and agrees that, upon and following the Effective DateClosing, the licenses granted by it, as the licensing Party, under this Section 5.6, except where expressly specified otherwise, 5.12 are non-terminable and irrevocable, and that the licensing Party’s sole remedy after the Effective Date Closing for breach by the other Party, as the licensed Party, hereunder will be for such licensing Party to bring a claim to recover damages and to seek appropriate equitable relief but not termination of the licenses granted by it as the licensing Party hereunder.
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