Common use of Meiji Patents Clause in Contracts

Meiji Patents. In the event of an LSC Event of Default and notwithstanding Section 5 hereof (i) LSC shall immediately notify LSO and each Additional Licensee and (ii) LSO and any Additional Licensees shall have the right to jointly agree with respect to all future enforcement of the Meiji Patents (with the agreement of LSO and any Additional Licensee having an enforcement right to any particular Meiji Patent being required for any such joint agreement with respect to the particular Meiji Patent). In the event LSO and the Additional Licensees thereof do not jointly agree with respect to all future enforcement of particular Meiji Patents, any enforcement thereof shall be in accordance with Section 5.

Appears in 1 contract

Sources: Sublicense Agreement (Light Sciences Oncology Inc)

Meiji Patents. In the event of an LSC Event of Default and notwithstanding Section 5 hereof (i) LSC shall immediately notify LSO and each Additional Licensee and (ii) LSO and any Additional Licensees shall have the right to jointly agree with respect to all future enforcement of the Meiji Patents (with the agreement of LSO and any Additional Licensee having an enforcement right to any particular Meiji Patent being required for any such joint agreement with respect to the particular Meiji Patent). In the event LSO and the Additional Licensees thereof do not jointly agree with respect to all future enforcement of ---------- [ * ] Confidential Treatment Requested particular Meiji Patents, any enforcement thereof shall be in accordance with Section 5.

Appears in 1 contract

Sources: Sublicense Agreement (Light Sciences Oncology Inc)