Customer Agreements definition
Examples of Customer Agreements in a sentence
The Continuation License shall terminate upon the earlier of (i) the expiration or termination of the last remaining Customer Agreement, or (ii) the date that is twenty-four (24) months following the effective date of termination of this Agreement, provided that TaoWeave may continue to fulfill in-flight obligations under existing Customer Agreements through their then-current term, but shall not enter into any renewal or extension of any Customer Agreement after such twenty-four (24) month date.
Notwithstanding any expiration or termination of this Agreement, TaoWeave shall have the right to continue performing its obligations under all Customer Agreements in effect as of the date of such expiration or termination through the full remaining term of each such Customer Agreement, including any renewal terms exercised by the Customer.
In addition to the Continuation License, upon expiration or termination of this Agreement for any reason, TaoWeave shall have a transition period of twelve (12) months (the “Transition Period”) during which TaoWeave may offer Customers the opportunity to renew or extend their Customer Agreements with TaoWeave (subject to the Continuation License), transition their Customer Agreements to direct agreements with Manako, or transition to alternative platforms.
TaoWeave shall continue to pay the Revenue Share to Manako with respect to all Net Revenue received under such Customer Agreements during the Continuation License period.
Manako hereby grants TaoWeave a limited, non-exclusive, royalty-bearing license to use the Platform solely for the purpose of fulfilling TaoWeave's obligations under such existing Customer Agreements during the remaining term thereof (the “Continuation License”).