Normal Termination Date. This License Agreement, unless earlier terminated as provided hereinafter, shall automatically terminate on the tenth (10th) anniversary of its Effective Date or upon the expiration of the last to expire of the Patents licensed hereunder, whichever date shall last occur. All licenses and rights granted hereunder pursuant to Section 2 shall be fully paid-up and vest upon termination pursuant to Article 14.1, assuming compliance with all Payment terms provided in the Lease.
Appears in 2 contracts
Sources: Technology License Agreement, Technology License Agreement (Highwater Ethanol LLC)