Common use of Assignment of Licenses Clause in Contracts

Assignment of Licenses. Upon expiration or any termination of this Agreement, Importer hereby assigns to SPIL all Licenses, authorizations, registrations, permits and approvals of any kind with respect to Products and applications therefor, including import and export Licenses. Importer shall execute such documents and perform such acts as may be necessary, useful, or convenient to perfect such transfer or assignment.

Assignment of Licenses. Upon expiration or any termination of this Agreement, Re-Exporter and Importer hereby assigns to SPIL all Licenses, authorizations, registrations, permits and approvals of any kind with respect to Products and applications therefor, including import and export Licenses. Re-Exporter and Importer shall execute such documents and perform such acts as may be necessary, useful, or convenient to perfect such transfer or assignment.