Common use of Licensors Clause in Contracts

Licensors. If a Member ceases to be a member for any reason, such former Member shall become a Licensor of any Member Data that, by prior request of such Member, has been Archived, Licensed or Donated, and the Company shall Purge any other Member Data which such Member Contributed. A Licensor may at any time request the Company to Purge his or her Archived or Licensed Member Data. If all of a Licensor’s Member Data has been Purged, such Licensor shall forthwith cease to be a Licensor.

Appears in 7 contracts

Samples: Limited Liability Company Agreement (LunaDNA, LLC), Limited Liability Company Agreement (LunaDNA, LLC), Limited Liability Company Agreement (SavvyShares LLC)

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