Common use of Termination Upon Transfer Clause in Contracts

Termination Upon Transfer. Unless the Licensor consents in writing to its continuance, this Agreement shall terminate automatically in the event that the Licensee transfers this Agreement or grants a sublicense to a Person which is not a Controlled Person or in the event a Controlled Person to which this Agreement has been transferred or to which a sublicense has been granted ceases to be a Controlled Person (unless the Licensee or sublicensee has complied with Article VIII with respect to such transfer or event), provided, that if such Person ceases to be a Controlled Person by reason of the death or disability of ▇▇▇▇▇ or ▇▇▇▇▇ ▇▇▇▇▇▇▇▇, this Agreement will terminate on the anniversary of such event.