Common use of Company Termination Clause in Contracts

Company Termination. Company may terminate this Agreement at any time during the Term, effective upon completion of each of the following conditions: (a) providing at least 60 days prior written Notice to Cornell of such intention to terminate; (b) ceasing to make, have made, use, import, offer for sale and sell all Licensed Products; (c) (i) terminating all Sublicenses and causing all Affiliates and Sublicensees to cease making, having made, using, importing, offering for sale and selling all Licensed Products or (ii) to the extent permitted by Section 3.4, assigning all Sublicenses to Cornell; and (d) paying all amounts owed to Cornell under this Agreement through the effective date of termination.

Appears in 2 contracts

Samples: ctl.cornell.edu, ctl.cornell.edu

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Company Termination. Company may terminate this Agreement at any time during the Term, effective upon completion of each of the following conditions: (a) providing at least 60 days prior written Notice to Cornell of such intention to terminate; (b) ceasing to make, have made, use, import, offer for sale and sell all Licensed Products; (c) (i) terminating all Sublicenses sublicenses and causing all Affiliates and Sublicensees sublicensees to cease making, having made, using, importing, offering for sale and selling all Licensed Products or (ii) to the extent permitted by Section 3.4, assigning all Sublicenses sublicenses to Cornell; and (d) paying all amounts owed to Cornell under this Agreement through the effective date of termination.

Appears in 2 contracts

Samples: Cornell University, Cornell University

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Company Termination. Company may terminate this Agreement at any time during the Term, effective upon completion of each of the following conditions: (a) providing at least 60 days prior written Notice to Cornell of such intention to terminate; (b) ceasing to makereproduce, have madedistribute, use, import, display and prepare Derivative Works based upon the Works and offer for sale and sell all Licensed Products; (c) (i) terminating all Sublicenses and causing all Affiliates and Sublicensees to cease makingreproducing, having madedistributing, using, importing, displaying and preparing Derivative Works based upon the Works and offering for sale and selling all Licensed Products or Products; (iid) to the extent permitted required by Section 3.4, assigning all Sublicenses to Cornell; and (de) paying all amounts owed to Cornell under this Agreement through the effective date of termination.

Appears in 1 contract

Samples: Cornell University

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