Licensor Termination Rights Sample Clauses
The Licensor Termination Rights clause grants the licensor the authority to end the licensing agreement under specified circumstances. Typically, this clause outlines the conditions under which the licensor may terminate, such as the licensee’s breach of contract, non-payment of fees, or misuse of the licensed material. By clearly defining when and how the licensor can terminate the agreement, this clause protects the licensor’s interests and provides a mechanism to address significant issues or violations by the licensee.
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Licensor Termination Rights. The Licensor may terminate this Agreement, in whole or in part, immediately (or on such date that is set out in the notice of termination) upon written notice to the Licensee if :
Licensor Termination Rights. In the event that after the effective date of this Agreement, SNI airs more than two (2) live mixed martial arts events from another supplier (a “Third Party MMA Event”) in a given calendar year period during the Term, Licensor shall have the right, on written notice to SNI, to indicate that were SNI to telecast one (1) additional live mixed martial arts event from another supplier in such calendar year, then this Agreement will terminate effective thirty (30) days following the date of such third third-party supplied mixed martial arts event. In calendar year 2008 or 2009, the minimum number of Showtime Events to be staged hereunder would be increased on a one-for-one basis for each Third Party MMA Event staged by SNI.
Licensor Termination Rights. Licensor shall have the right to terminate this Agreement (without prejudice to any rights which Licensor may have either under the provisions herein or otherwise), effective as of the date of receipt by Licensee of written notice of such termination by Licensor, upon the occurrence of any of the following events. In the event of such a termination, Licensee’s rights to the Licensed Property shall immediately cease to exist and ALL rights to the Licensed Property shall immediately revert to the Licensor.
Licensor Termination Rights. Licensor may terminate this Agreement at any time upon the occurrence of any of the following events:
i. There is a significant change in the volume or nature of traffic at the Crossing, which shall be determined in Licensor’s sole discretion;
ii. Licensee is using the Crossing Area for a purpose or in a manner not permitted by this Agreement;
iii. Licensor deems it necessary or desirable in the furtherance of its railroad operating requirements or for the improvement and use of the ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Line to close the Crossing;
iv. Licensee fails to perform or comply with any other term or provision of this Agreement and does not remedy such failure within five (5) days after receipt of written notice from Licensor of such noncompliance, unless such default could pose a safety risk, in which event Licensor may terminate this Agreement without notice or opportunity to cure.
Licensor Termination Rights