Rights/Duties Upon Termination Sample Clauses
The 'Rights/Duties Upon Termination' clause defines the obligations and entitlements of each party when a contract ends, whether by expiration or early termination. It typically outlines what actions must be taken, such as the return of confidential information, payment of outstanding amounts, or cessation of services. This clause ensures that both parties understand their responsibilities at the end of the contractual relationship, thereby minimizing disputes and facilitating a smooth transition or separation.
Rights/Duties Upon Termination. Upon termination of this Agreement and/or any applicable Service Agreement, any property or rights of a party in the possession of the other party, tangible or intangible, shall be returned to owner thereof within seven (7) days after the later to occur of (i) termination of the Agreement and/or any applicable Service Agreement or (ii) the last date that such party receives any such property or rights. Upon termination of this Agreement and/or any applicable Service Agreement, (i) you will promptly pay to Financial Institution all sums due or to become due under this Agreement and/or applicable Service Agreement, and (ii) you shall have no further right to make use of the Service or any system or software which may have been provided in connection with the Service.
Rights/Duties Upon Termination. Upon termination of this Agreement, any property or rights of a party in the possession of the other party, tangible or intangible, shall be returned to owner thereof within fifteen (15) days after the later to occur of (i) termination of the Agreement or (ii) the last date that such party receives any such property or rights. Upon termination of this Agreement, (i) you will promptly pay to Bank all sums due or to become due under this Agreement, and (ii) you shall have no further right to make use of the Service or any system or software which may have been provided in connection with the Service.
Rights/Duties Upon Termination. Upon termination of this Agreement, any property or rights of a party in the possession of the other party, tangible or intangible, shall be returned to owner thereof within fifteen
Rights/Duties Upon Termination. Upon termination of this Master Agreement and/or any applicable Product Schedule, any property or rights of a party in the possession of the other party, tangible or intangible, shall be returned to owner thereof within thirty (30) days after the later to occur of (i) termination of the Master Agreement and/or any applicable Product Schedule or (ii) the last date that such party receives any such property or rights. Upon termination of this Master Agreement and/or any applicable Product Schedule, (i) you will promptly pay to Financial Institution all sums due or to become due under this Master Agreement and/or applicable Product Schedule, and (ii) you shall have no further right to make use of the Service or any system or software which may have been provided in connection with the Service.
Rights/Duties Upon Termination. Upon termination of this Master Agreement and/or any applicable Service Agreement, (i) you will promptly pay to Bank all sums due or to become due under this Master Agreement and/or applicable Service Agreement, and (ii) you shall have no further right to make use of the Service or any system or software which may have been provided in connection with the Service.
Rights/Duties Upon Termination. Upon termination of this Master Agreement, Customer shall promptlyreturn any property, including any equipment or hardware provided by Financial Institution to Customer in connectionwith this Master Agreement, an applicable Product Schedule, or the Services. Upon termination of this Master Agreement and/or any applicable Product Schedule, (i) you will promptly pay to Financial Institution all sums due or to become due under this Master Agreement and/or applicable Product Schedule, and (ii) you shall have no further right to make use of the Service or any system or software which may have beenprovidedin connectionwith the Service affected by such termination. Upon termination of any Service under this Master Agreement, all software licenses, if any, granted by Financial Institution (or a Vendor) to Customer under this Master Agreement with respect to a terminated Service will automatically terminate. Customer shall immediately return to Financial Institution the original and all copies, if any, made of software licensedby Financial Institution, or providedby Financial Institution, to Customer with respect to a terminated Service, includingall documentationor materials associated with the software related to the terminated Service. Customer shall also promptly return any equipment or hardware providedby Financial Institution in connectionwith the terminated Service.
Rights/Duties Upon Termination. Upon termination of this Master Agreement and/or any applicable Product Schedule, any property or rights of a party in the possession of the other party, tangible or intangible, shall be returned to owner thereof within three
Rights/Duties Upon Termination. 15.01 Upon termination of this Agreement, WRF shall have the right to retain any sums already paid by SAVYON hereunder, and SAVYON shall pay all sums accrued or due hereunder.
15.02 Upon the termination of this Agreement pursuant to Article 14, SAVYON shall have not more than six months from the date of termination to dispose of all Licensed Products on hand at the time of such termination, provided that SAVYON shall be obliged to pay WRF a royalty on such Net Sales as set forth in this Agreement.
15.03 Upon the termination of this Agreement pursuant to Article 14, SAVYON shall return any confidential documentation, information, compositions, or biological materials stored by any method, in its possession that were transferred it by the WRF, without retaining copies or samples thereof.