Licensor’s Option. Licensor shall have the option, at Licensor’s sole discretion, to terminate this License at any time within three (3) years of the date of this Agreement upon written notice to Licensee. In the event that Licensor exercises this option, Licensor shall pay to Licensee a sum equal to Two Hundred Percent (200%) of the License Fee paid by Licensee. Upon Licensor’s exercise of the option, Licensee must immediately remove the New Song from any and all digital and physical distribution channels and must immediately cease access to any streams and/or downloads of the New Song by the general public.
Licensor’s Option. Licensor shall have the option, at Licensor’s sole discretion, to terminate this License at any time within three
Licensor’s Option. Licensor (or its designee) shall have the option (but not the obligation), exercisable by written notice delivered to Licensee within thirty (30) days after its receipt of the Inventory Exhibit, to purchase any or all of the Inventory for an amount equal to the cost of the Inventory. In the event Licensor notifies Licensee that it is exercising its purchase option, Licensee shall deliver to Licensor or its designee all of the Inventory referred to in Licensor’s notice within fifteen (15) days after receipt of such notice, subsequent to receipt of all regulatory approvals required to undertake such delivery. Licensor shall pay Licensee for such Inventory as is in marketable, first quality condition within thirty (30) days after its receipt thereof, after deduction from the purchase price all amounts owed by Licensee hereunder.
Licensor’s Option. Licensor shall have the option, at Licensor’s sole discretion, to terminate this License at any time. As stated earlier under Term, this license can and will expire upon the exclusive rights being sold to the licensee or any other licensee.
Licensor’s Option. Licensor shall have the option, at Licensor’s sole discretion, to terminate this License at any time within two (2) years of the date of this Agreement upon written notice to Licensee. In the event that Licensor exercises this option, Licensor shall pay to Licensee a sum equal to Two Hundred Percent (200%) of the License Fee paid by Licensee. Upon Licensor’s exercise of the option, Licensee must immediately remove the New Song from any and all digital and physical distribution channels and must immediately cease access to any streams and/or downloads of the New Song by the general public. Audio Samples. 3rd party sample clearance is the responsibility of the licensee.
Licensor’s Option. Licensor (or at its sole discretion, a Licensor designee) shall have the option (but not the obligation), exercisable by written notice delivered to Licensee within twenty (20) days after its receipt of the Inventory statement, to purchase any or all of the Inventory for an amount equal to the cost of the Inventory (“Inventory Purchase Option”). In the event Licensor notifies Licensee that it is exercising its purchase option, Licensee shall deliver to Licensor or its designee at a destination of Licensor’s choice, all Inventory referred to in Licensor’s notice within fifteen (15) days after receipt of such notice, subsequent to receipt of all regulatory approvals required to undertake such delivery. Licensor shall pay Licensee for such Inventory as is in marketable, first quality condition within thirty (30) days after its receipt thereof, after deduction from the purchase price all amounts owed by Licensee hereunder.
Licensor’s Option. At any time during the Term, upon written notice from Licensee to Licensor, Licensee shall have the right to accelerate the payment of the Fee, provided that the amount payable upon such acceleration shall be an amount which is the present value of the balance of the Fee remaining to be paid over the Term, discounted at the rate of eight percent (8%) per annum. If Licensee exercises such right and makes such payment, no further payment of the Fee shall be due from Licensee, and this License Agreement shall continue in effect in accordance with its terms.
Licensor’s Option. LICENSOR shall have the option, at LICENSOR’S sole discretion, to terminate this License at any time within three (3) years of the date of this Agreement upon written notice to Licensee. In the event that Licensor exercises this option, Licensor shall pay to Licensee a sum equal to One-Hundred Percent (100%) of the License Fee paid by Licensee. License Fees will not be repaid to the Licensee if the is a breach or infringement of This Agreement. Upon Licensor’s exercise of the option, Licensee must immediately remove the New Song from any and all digital and physical distribution channels and must immediately cease access to any streams and/or downloads of the New Song by the general public.
