Common use of Second Anniversary Clause in Contracts

Second Anniversary. After the Second Anniversary, if BMO exercises the 1999 Technology Right and pays the 1999 Licence Fee, but does not exercise its right to enter into the Continuing Alliance after the Second Anniversary, "LICENSED TECHNOLOGY" shall be extended to include the first version of each 724 Channel that is partially completed as at the Second Anniversary and that is finally released to 724's customers generally.

Appears in 2 contracts

Sources: Technology License Agreement (724 Solutions Inc), Technology License Agreement (724 Solutions Inc)