Second Anniversary. If BofA pays the full amount of the License Fee, and BAC (or such Affiliate of BAC as shall be permitted by the Subscription Agreement) subscribes for and pays to 724 the full subscription price for the 2000 Shares in accordance with the terms and conditions of the Subscription Agreement, but does not elect, or is deemed (pursuant to Section 2.3) not to have elected, to enter into the Continuing Alliance as at the Second Anniversary, the Licensed Technology shall include, in addition to all components previously licensed hereunder, all 724 Technology developed up to the Second Anniversary and the first version of each 724 Channel that is significantly completed as at the Second Anniversary.
Appears in 2 contracts
Sources: Technology License Agreement (724 Solutions Inc), Technology License Agreement (724 Solutions Inc)