Common use of Rights of Subsidiaries Clause in Contracts

Rights of Subsidiaries. (a) All rights, licenses and sublicenses granted to OpCo in Section 3.1, Section 3.2 and Section 3.5, and all rights and licenses granted to or reserved by Parent, as applicable, in Section 3.3 and Section 3.6(b), are granted to or reserved by such Party as Licensee and to or on behalf of any entity that is a Subsidiary of such Party, but only for so long as such entity is a Subsidiary of such Party, and they will automatically terminate with respect to such entity when it ceases to be a Subsidiary of such Party, except in the case of a Spin-Out of such entity as provided in Section 4.1(b).

Appears in 4 contracts

Samples: Intellectual Property License Agreement (RXO, Inc.), Intellectual Property License Agreement (XPO Logistics, Inc.), Intellectual Property License Agreement (Rxo, LLC)

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