Termination of Royalty Sample Clauses

Termination of Royalty. Unless otherwise expressly provided herein, the obligation of Par to pay Royalties to Alfacell pursuant to Section 6.3(a) shall cease upon expiration or termination of this Agreement.
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Termination of Royalty. Obligation is hereby deleted in its entirety.
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Termination of Royalty. Upon termination of either BG Principal's employment with Buyer (or any Affiliate of Buyer), for whatever reason other than a wrongful termination by the Employer, the Royalty shall terminate effective immediately upon the termination of either BG Principal's employment with Buyer or Buyer's Affiliate, and Buyer shall pay to Seller, within forty-five (45) days of such termination, a Royalty termination fee in an amount equal to five (5) times the amount of the Royalty payable to Seller during the twelve full calendar months immediately preceding the month of termination of either BG Principal's employment with Buyer. If either BG Principal's employment with Buyer is terminated within twelve calendar months of the date of this Agreement, then the amount of the Royalty termination fee payable pursuant to this SECTION 3.2 shall be annualized in an equitable manner based on the actual number of days of continued employment by each of the BG Principals.
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Termination of Royalty. The Royalty is hereby terminated as of the ---------------------- 22nd day of July, 1996 (the "Termination Date"). Nonni's acknowledges that all amounts due under the Royalty through the Termination Date have been paid in full. Nonni's and the Shareholders hereby remise, release and forever discharge Silverado from any and all claims, demands, obligations or liabilities, whether known or unknown, with respect to the Royalty.
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Termination of Royalty. Notwithstanding the earlier Cooperative Endeavor Agreement provisions whereby HELIX and TPI would share in future royalty fees which HELIX might receive in connection with the licensing or sub-licensing of any patent rights with respect to the DERIVATIVE PEPTIDES, it is now agreed herein by the Parties that such provisions are extinguished by this present agreement and that HELIX shall retain exclusive rights to any royalty stream which may result from the DERIVATIVE PEPTIDES or other inventions pertaining to the CYTOPORIN TECHNOLOGY.
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Termination of Royalty. With respect to each Refinery in existence at such time, and following a minimum of 14 days of production in connection with each such Refinery, upon the payment to 1888 of an amount equal to the greater of: a) $2,000,000; or b) the sum of $1,200.00 per liter per hour of capacity of such Refinery, 1888’s right to receive any further payments of the Royalty for each existing and any and all future Refineries shall immediately terminate. For the purposes of calculating the foregoing, the capacity of a Refinery shall be the average capacity of a Refinery over the immediately preceding 14 days of production.
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Related to Termination of Royalty

  • Termination of Rights The Right of First Refusal and the Company's right to repurchase the Shares in the event of an involuntary transfer pursuant to Section 3(c) above shall terminate upon the first sale of Common Stock of the Company to the general public pursuant to a registration statement filed with and declared effective by the Securities and Exchange Commission under the Securities Act of 1933, as amended (the "Securities Act"). Upon termination of the Right of First Refusal and the expiration or exercise of the Repurchase Option, a new certificate or certificates representing the Shares not repurchased shall be issued, on request, without the legend referred to in Section 6(a)(ii) below and delivered to Purchaser.

  • Termination of Agreement If this Agreement is terminated by the Representatives in accordance with the provisions of Section 5 or Section 9(a)(i) hereof, the Company shall reimburse the Underwriters for all of their out-of-pocket expenses, including the reasonable fees and disbursements of counsel for the Underwriters.

  • Early Termination of Agreement (a) The City and the Contractor, by mutual written agreement, may terminate this Agreement at any time.

  • Early Termination of Agreement Breach of Agreement (a) The Corporate Taxpayer may terminate this Agreement with respect to all amounts payable to the TRA Parties and with respect to all of the Units held by the TRA Parties at any time by paying to each TRA Party the Early Termination Payment in respect of such TRA Party; provided, however, that this Agreement shall only terminate upon the receipt of the Early Termination Payment by all TRA Parties, and provided, further, that the Corporate Taxpayer may withdraw any notice to execute its termination rights under this Section 4.1(a) prior to the time at which any Early Termination Payment has been paid. Upon payment of the Early Termination Payment by the Corporate Taxpayer, none of the TRA Parties or the Corporate Taxpayer shall have any further payment obligations under this Agreement, other than for any (a) Tax Benefit Payments due and payable and that remain unpaid as of the Early Termination Notice and (b) Tax Benefit Payment due for the Taxable Year ending with or including the date of the Early Termination Notice (except to the extent that the amount described in clause (b) is included in the Early Termination Payment). If an Exchange occurs after the Corporate Taxpayer makes all of the required Early Termination Payments, the Corporate Taxpayer shall have no obligations under this Agreement with respect to such Exchange.

  • Termination by Licensor Licensor, at its option, may immediately terminate the Agreement, or any part of Patent Rights, or any part of Field, or any part of Territory, or the exclusive nature of the license grant, upon delivery of written notice to Licensee of Licensor’s decision to terminate, if any of the following occur:

  • 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 by Licensee 10.1 Licensee will have the right at any time to terminate this Agreement in whole or as to any portion of Patent Rights by giving notice in writing to The Regents. Such Notice of Termination will be subject to Article 18. (Notices) and termination of this Agreement will be effective sixty (60) days after the effective date thereof.

  • Termination of Agreement; Survival (a) The Underwriters may terminate their obligations under this Agreement, by notice to the Depositor, at any time at or prior to the Closing Date (i) if there has been, since the date of this Agreement or since the respective dates as of which information is given in the Registration Statement and the Prospectus, any material adverse change in the condition, financial or otherwise, or in the earnings, business affairs or business prospects of the Depositor, Xxxxx Fargo Bank or any other Mortgage Loan Seller whether or not arising in the ordinary course of business, (ii) if there has occurred any outbreak of hostilities or escalation thereof or other calamity or crisis the effect of which is such as to make it, in the reasonable judgment of any Underwriter, impracticable or inadvisable to market the Registered Certificates or to enforce contracts for the sale of the Registered Certificates, (iii) if trading in any securities of the Depositor or of Xxxxx Fargo Bank has been suspended or limited by the Commission or the New York Stock Exchange, or if trading generally on the American Stock Exchange or the New York Stock Exchange or on the NASDAQ National Market or the over the counter market has been suspended or limited, or minimum or maximum prices for trading have been fixed, or maximum ranges for prices have been required, by any of said exchanges or by such system or by order of the Commission, the National Association of Securities Dealers, Inc. or any other governmental authority, (iv) if a banking moratorium has been declared by either federal or New York authorities, or (v) if a material disruption in securities settlement, payments or clearance services in the United States or other relevant jurisdiction shall have occurred and be continuing on the Closing Date, or the effect of which is such as to make it, in the reasonable judgment of such Underwriter, impractical to market the Registered Certificates or to enforce contracts for the sale of the Registered Certificates.

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