Revocation and Termination of License Sample Clauses

The 'Revocation and Termination of License' clause defines the conditions under which a granted license can be withdrawn or ended by one or both parties. Typically, this clause outlines specific events or breaches—such as non-payment, misuse of licensed material, or violation of agreement terms—that trigger the right to revoke or terminate the license. By clearly stating these grounds and procedures, the clause ensures both parties understand when and how the license relationship can be lawfully ended, thereby managing risk and providing a mechanism for addressing non-compliance or other issues.
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Revocation and Termination of License. The District may terminate this Agreement at any time upon 30 days’ advance written notice to Licensee. Licensee may terminate this Agreement upon 90 days’ advance written notice to the District. Licensee shall not be entitled to any compensation upon the termination of the license by the District or by the Licensee.
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Revocation and Termination of License. Notwithstanding anything to the contrary in this Agreement, the license grant set forth in this Section 1.3 shall be revoked and shall terminate in the event of a material breach of Seller's obligations under this Section 1.3 and following (i) written notice of such breach to Seller by Buyer; and (ii) failure by Seller to remedy or cure such breach prior to expiration of the thirty (30) day period following delivery of such notice.
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Revocation and Termination of License. ▇▇▇▇▇▇▇▇ agrees and acknowledges that immediately upon Termination, for whatever reason, ▇▇▇▇▇▇▇▇’s license granted by Section 2 hereof is immediately revoked by the Company and terminated until such time and if reinstated in writing by the Company.
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Revocation and Termination of License. This license may be revoked and terminated by the CHURCH at any time and for any reason upon the mailing to the STUDY GROUP of a written notice of such revocation. Upon the expiration of thirty (30) days after the mailing of such notice, revocation and termination of this license shall become effective, whereupon the STUDY GROUP shall promptly cease to use the trademark licensed. It is understood and agreed by the parties that this provision shall not be unreasonably exercised by the CHURCH, but is expressly included herein (1) for the purpose of insuring that the STUDY GROUP shall continue to operate in accordance with the purposes stated herein and shall continue to promulgate only those teachings and practices as are approved by the CHURCH, (2) so that unrepresentative groups and organizations which fail to adhere adequately to this Agreement may be denied further right to engage in improper uses of the trademark, and dilution of the goodwill it represents, and (3) for the protection of the general national and international membership of the CHURCH, as well as those seeking affiliation, from influences not originally intended for the trademark to represent. The Board of Directors of CHURCH UNIVERSAL AND TRIUMPHANT, INC. shall be considered for all purposes to be the arbiter and the final authority on this provision.
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Related to Revocation and Termination of License

  • Duration and Termination of Agreement This Agreement shall become effective with respect to each Portfolio on the later of (i) its execution and (ii) the date of the meeting of the Board of Trustees of the Trust, at which meeting this Agreement is approved as described below. The Agreement will continue in effect for a period more than two years from the date of its execution only so long as such continuance is specifically approved at least annually either by the Trustees of the Trust or by a majority of the outstanding voting securities of each of the Portfolios, provided that in either event such continuance shall also be approved by the vote of a majority of the Trustees of the Trust who are not interested persons (as defined in the Investment Company Act) of any party to this Agreement cast in person at a meeting called for the purpose of voting on such approval. Any required shareholder approval of the Agreement or of any continuance of the Agreement shall be effective with respect to any Portfolio if a majority of the outstanding voting securities of the series (as defined in Rule 18f-2(h) under the Investment Company Act) of shares of that Portfolio votes to approve the Agreement or its continuance, notwithstanding that the Agreement or its continuance may not have been approved by a majority of the outstanding voting securities of (a) any other Portfolio affected by the Agreement or (b) all the portfolios of the Trust. If any required shareholder approval of this Agreement or any continuance of the Agreement is not obtained, the Subadviser will continue to act as investment subadviser with respect to such Portfolio pending the required approval of the Agreement or its continuance or of a new contract with the Subadviser or a different adviser or subadviser or other definitive action; provided, that the compensation received by the Subadviser in respect of such Portfolio during such period is in compliance with Rule 15a-4 under the Investment Company Act. This Agreement may be terminated at any time, without the payment of any penalty, by the Trustees of the Trust, by the vote of a majority of the outstanding voting securities of the Trust, or with respect to any Portfolio by the vote of a majority of the outstanding voting securities of such Portfolio, on sixty days' written notice to the Adviser and the Subadviser, or by the Adviser or Subadviser on sixty days' written notice to the Trust and the other party. This Agreement will automatically terminate, without the payment of any penalty, in the event of its assignment (as defined in the Investment Company Act) or in the event the Advisory Agreement between the Adviser and the Trust terminates for any reason.

  • Expiration and Termination This Agreement is for one academic year (August 1, 2018 through July 31, 2019) and will automatically renew for the following academic year unless terminated as indicated below by either party. a. Any party may terminate this Agreement by written notice to the other at any time if that other party: (i.) commits a breach of this Agreement and, has not yet remedied the breach within 14 days of being notified of the facts and circumstances giving rise to the breach; or

  • Term and Termination of Agreement This Agreement shall terminate upon the earlier of termination of the Advisory Agreement or on expiration of the Expense Limit Period. The obligation of the Adviser under Section 1 of this Agreement and of the Trust under Section 2 of this Agreement shall survive the termination of the Agreement solely as to expenses and obligations incurred prior to the date of such termination.

  • TERM, MODIFICATION AND TERMINATION OF AGREEMENT This Agreement with respect to the Fund shall continue in effect until the expiration date set forth on Schedule A (the “Expiration Date”). With regard to the Operating Expense Limits, the Trust’s Board of Trustees and the Adviser may terminate or modify this Agreement prior to the Expiration Date only by mutual written consent. This Agreement shall terminate automatically upon the termination of the Advisory Agreement; provided, however, that the obligation of the Trust to reimburse the Adviser with respect to a Fund shall survive the termination of this Agreement unless the Trust and the Adviser agree otherwise.

  • Duration and Termination This Agreement shall become effective with respect to each Fund as of the corresponding effective date indicated in Appendix A and, unless sooner terminated with respect to a Fund as provided herein, shall continue in effect for a period of two years as to such Fund. Thereafter, if not terminated, this Agreement shall continue in effect with respect to the Fund for successive periods of 12 months, provided such continuance is specifically approved at least annually by both (a) the vote of a majority of the Trust’s Board of Trustees or the vote of a majority of the outstanding voting securities of the Fund at the time outstanding and entitled to vote, and (b) the vote of a majority of the Trustees who are not parties to this Agreement or interested persons of any party to this Agreement, cast in person at a meeting called for the purpose of voting on such approval. Notwithstanding the foregoing, this Agreement may be terminated by the Trust at any time as to a Fund, without the payment of any penalty, upon giving the Advisor 60 days’ notice (which notice may be waived by the Advisor), provided that such termination by the Trust shall be directed or approved (x) by the vote of a majority of the Trustees of the Trust in office at the time or by the vote of the holders of a majority of the voting securities of the Fund at the time outstanding and entitled to vote, or (y) by the Advisor on 60 days’ written notice (which notice may be waived by the Trust). This Agreement will also immediately terminate in the event of its assignment. (As used in this Agreement, the terms “majority of the outstanding voting securities,” “interested person” and “assignment” shall have the same meanings of such terms in the 1940 Act.)