Termination of Purchasing and License Agreement Sample Clauses

Termination of Purchasing and License Agreement. The parties agree that that certain Purchasing and License Agreement dated June 19, 1996, by and between Seller and Buyer (the "Purchasing and License Agreement") is hereby terminated and is of no further force or effect; provided that (a) any obligations of the Buyer to make to Seller, royalty payments, margin split payments or payments for products purchased from Seller, arising or accruing prior to such termination shall survive termination of the Purchasing and License Agreement and remain due and payable in accordance with the terms related thereto (and not be governed by or subject to the terms and limitations of Article XI hereof) and (b) Sections 9 (provided, however, that the three (3)-year period described in Section 9.1 shall be deemed to commence on the Closing Date), 11 (with respect to products sold prior to the Closing only), 12.2 (with respect to products sold prior to the Closing only) and 13.1 of the Purchasing and License Agreement shall survive the termination of the Purchasing and License Agreement. Each party represents and warrants to the other that to its knowledge, it has no claims against the other under the Purchasing and License Agreement, except for any claims which Seller may have against Buyer for amounts described in Section 10.1(a) above and not yet due and payable as of the Closing Date.
Sample 1
AutoNDA by SimpleDocs

Related to Termination of Purchasing and License Agreement

  • Termination of License Agreement Without limiting the generality of the foregoing, in the event that the License Agreement is terminated in accordance with its terms, this Agreement, including without limitation any Purchase Order(s) or Project Work Orders then-in-effect, shall automatically terminate in its entirety as of the effective date of termination of the License Agreement.

  • Termination Agreement (1) If the Franchise Agreement shall be terminated due to the expiration, both parties shall sign a Termination Agreement through negotiation completed 180 days prior to the expiration date.

  • License Agreement The Trust shall have the non-exclusive right to use the name "Invesco" to designate any current or future series of shares only so long as Invesco Advisers, Inc. serves as investment manager or adviser to the Trust with respect to such series of shares.

  • Xxxxxx Agreement Xxxx Agreement contains the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior agreement, written or oral, with respect thereto.

  • BACKGROUND OF AGREEMENT 1.1 LICENSOR represents that it has certain intellectual property pertaining to services and technologies in the field of teleradiology, in respect to which it is prepared to grant a nonexclusive license to LICENSEE.

  • Execution of Agreement This Agreement may be executed in one or more counterparts, each of which will be deemed to be an original copy of this Agreement and all of which, when taken together, will be deemed to constitute one and the same agreement. The exchange of copies of this Agreement and of signature pages by facsimile transmission shall constitute effective execution and delivery of this Agreement as to the parties and may be used in lieu of the original Agreement for all purposes. Signatures of the parties transmitted by facsimile shall be deemed to be their original signatures for all purposes.

  • Application to Master Agreement For the avoidance of doubt, Clause 21.5 does not apply in respect of sums due from the Borrower to the Swap Bank under or in connection with the Master Agreement as to which sums the provisions of section 8 (Contractual Currency) of the Master Agreement shall apply.

  • Collaboration Agreement The Collaboration Agreement shall not have been terminated in accordance with its terms and shall be in full force and effect.

  • Addendum to Agreement Notwithstanding any provision of this Agreement to the contrary, if Participant resides or is employed outside the U.S. or transfers residence or employment outside the U.S., the Restricted Stock Units shall be subject to such special terms and conditions as are set forth in the addendum to this agreement (the “Addendum”). Further, if Participant transfers residency and/or employment to another country, any special terms and conditions for such country will apply to the Restricted Stock Units to the extent the Corporation determines, in its sole discretion, that the application of such terms and conditions is necessary or advisable in order to comply with local law or to facilitate the operation and administration of the Restricted Stock Units and the Plan (or the Corporation may establish alternative terms and conditions as may be necessary or advisable to accommodate Participant’s transfer). In all circumstances, the Addendum shall constitute part of this Agreement.

  • Violation of Agreement (a) The restrictions set forth in Sections 4, 5 and 6 shall extend to any and all activities of the Employee, whether alone or together with or on behalf of or through any other person or entity.

Time is Money Join Law Insider Premium to draft better contracts faster.