Common use of No Refund Clause in Contracts

No Refund. In the event this Agreement is terminated pursuant to this Section 11, or expires as provided for in Section 10, BCM is under no obligation to refund any payments made by LICENSEE to BCM prior to the effective date of such termination or expiration.

Appears in 8 contracts

Sources: Exclusive License Agreement (Cara Therapeutics, Inc.), Exclusive License Agreement (Cara Therapeutics, Inc.), Exclusive License Agreement (Fate Therapeutics Inc)

No Refund. In the event this Agreement is terminated pursuant to this Section 11, or expires as provided for in Section 10, BCM is under no obligation to refund any payments made by LICENSEE to BCM BCM, or due to BCM, prior to the effective date of such termination or expiration.

Appears in 3 contracts

Sources: Exclusive License Agreement (Bellicum Pharmaceuticals, Inc), Exclusive License Agreement, Exclusive License Agreement (Bellicum Pharmaceuticals, Inc)