Effect of Termination Applicable to All Terminations Clause Samples

Effect of Termination Applicable to All Terminations. [*] = Certain confidential information contained in this document, marked by brackets, is omitted because it is both (i) not material and (ii) would be competitively harmful if publicly disclosed. 14.6.1 Lonza will, upon termination of the Agreement, (a) at Customer’s instruction and subject to the provisions of Clause 10.7, conduct technology transfer in accordance with Clause 10.7, and (b) promptly cease or take reasonable steps to cease performance of the applicable Services and will take all reasonable steps to mitigate the out-of-pocket expenses incurred in connection therewith. In particular, Lonza will use its reasonable efforts to: (a) immediately cancel, to the greatest extent possible, any Third Party obligations in relation to this Agreement; (b) promptly inform Customer of any irrevocable commitments made in connection with this Agreement prior to termination; (c) to the extent possible or practicable, promptly return to the vendor for a refund all unused, unopened materials in Lonza’s possession that are related to this Agreement; provided, that Customer will have the option, but not the obligation, to take possession of any such materials (subject to Customer paying Lonza in full for such items); (d) promptly inform Customer of the cost of any remaining unused, unreturnable materials ordered pursuant to this Agreement, and, subject to Customer paying Lonza the applicable Raw Materials Fee for them in full, either deliver such materials to Customer (or its designee) or properly dispose of them, as instructed by Customer; and (e) perform only those services and activities mutually agreed upon by Customer and Lonza as being necessary or advisable in connection with the close-out of this Agreement.
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Related to Effect of Termination Applicable to All Terminations

  • Termination and Effect of Termination This Agreement shall terminate upon the date on which no Holder holds any Registrable Securities, except for the provisions of Sections 3.9 and 3.10, which shall survive any such termination. No termination under this Agreement shall relieve any Person of liability for breach or Registration Expenses incurred prior to termination. In the event this Agreement is terminated, each Person entitled to indemnification rights pursuant to Section 3.9 hereof shall retain such indemnification rights with respect to any matter that (i) may be an indemnified liability thereunder and (ii) occurred prior to such termination.

  • Effect of Termination Upon any expiration of the Term or termination of this Agreement, the obligations and rights of the parties hereto shall cease, provided that such expiration or termination of this Agreement shall not relieve the parties of any obligation or breach of this Agreement accruing prior to such expiration or termination, including, without limitation, all accrued payment obligations arising under Article 6. In addition, Article 5, Article 7, Section 2.12, Section 4.5, and this Section 4.6 shall survive the expiration or termination of this Agreement. For the avoidance of doubt, the rights of Registry Operator to operate the registry for the TLD shall immediately cease upon any expiration of the Term or termination of this Agreement.

  • 6Effect of Termination Upon any expiration of the Term or termination of this Agreement, the obligations and rights of the parties hereto shall cease, provided that such expiration or termination of this Agreement shall not relieve the parties of any obligation or breach of this Agreement accruing prior to such expiration or termination, including, without limitation, all accrued payment obligations arising under Article 6. In addition, Article 5, Article 7, Section 2.12, Section 4.5, and this Section 4.6 shall survive the expiration or termination of this Agreement. For the avoidance of doubt, the rights of Registry Operator to operate the registry for the TLD shall immediately cease upon any expiration of the Term or termination of this Agreement.

  • Effect of Termination of Agreement Upon the Termination Date or the Expiration Date, as applicable, any amounts then owing by a Party to the other Party shall become immediately due and payable and the then future obligations of Customer and Provider under this Agreement shall be terminated (other than the indemnity obligations set forth in Section 13). Such termination shall not relieve either Party from obligations accrued prior to the effective date of termination or expiration.

  • Termination Effect of Termination 83 21.1. Termination................................................83 21.2. Effect of Termination......................................84