Common use of Sublicensees Clause in Contracts

Sublicensees. In the event that the license granted to the Licensees under this Agreement is terminated, any sublicenses granted to Sublicensees shall remain in full force and effect, provided that the Sublicensee is not then in breach of its sublicense agreement, and the Sublicensee agrees to be bound to Licensor as a licensee under the terms and conditions of the agreement, in which case Licensor and Sublicensee shall enter into appropriate agreements or amendments to the sublicense agreements to substitute Licensor for the Licensees as the licensor.

Appears in 2 contracts

Samples: Intellectual Property License Agreement (Vivakor, Inc.), Intellectual Property License Agreement (Vivakor, Inc.)

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Sublicensees. In the event that the license granted to the Licensees under Upon termination of this Agreement is terminatedfor any reason, any sublicenses granted to Sublicensees shall remain in full force and effect, provided that the Sublicensee is sublicense not then in breach default shall continue in force and effect and shall be assigned by Licensee to Licensors; provided, the financial obligations of its sublicense agreement, and the each Sublicensee agrees to Licensors shall be bound to Licensor as a licensee under the terms and conditions of the agreement, in which case Licensor and Sublicensee shall enter into appropriate agreements or amendments limited to the sublicense agreements amounts Licensee shall be obligated to substitute Licensor pay to Licensors for the Licensees as the licensoractivities of such Sublicensee pursuant to this Agreement.

Appears in 2 contracts

Samples: License Agreement (Genvec Inc), License Agreement (Genvec Inc)

Sublicensees. In the event that the license granted to the Licensees under of any termination of this Agreement is terminated, any sublicenses granted to Sublicensees by Licensee shall remain in full force and effecteffect and shall be assigned by Licensee to Licensor, provided, that such Sublicensee is currently in good standing with regard to its obligations under the sublicense or has cured any default or breach within the period provided in such sublicense, and further provided, that the Sublicensee is not then in breach financial obligations of its sublicense agreement, and the Sublicensee agrees to be bound to Licensor as a licensee under the terms and conditions of the agreement, in which case Licensor and each such Sublicensee shall enter into appropriate agreements or amendments be limited to the sublicense agreements to substitute Licensor those due Licensee hereunder for the Licensees as the licensorpractice of such a sublicense.

Appears in 1 contract

Samples: License Agreement (Cardiac Pathways Corp)

Sublicensees. In the event that the license granted to the Licensees Licensee under this Agreement is terminated, any sublicenses granted to Sublicensees shall remain in full force and effect, provided that the Sublicensee is not then in breach of its sublicense agreement, and the Sublicensee agrees to be bound to Licensor as a licensee under the terms and conditions of the agreement, in which case Licensor and Sublicensee shall enter into appropriate agreements or amendments to the sublicense agreements to substitute Licensor for the Licensees Licensee as the licensor.

Appears in 1 contract

Samples: Patent and Intellectual Property License Agreement (Vivakor, Inc.)

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Sublicensees. In the event that the license granted to the Licensees Cerebain under this Agreement is terminated, any sublicenses granted to Sublicensees shall remain in full force and effect, provided that the Sublicensee is not then in breach of its sublicense agreement, and the Sublicensee agrees to be bound to Licensor as a licensee under the terms and conditions of the agreement, in which case Licensor and Sublicensee shall enter into appropriate agreements or amendments to the sublicense agreements to substitute Licensor for the Licensees Cerebain as the licensor.

Appears in 1 contract

Samples: Patent License Agreement (Discount Dental Materials, Inc.)

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