Rights of Subsidiaries. (i) Subject to Section 5.21(c), any rights or licenses granted under this Section 5.21 extend to each entity that is a Subsidiary of the Licensee Party but only for so long as such entity is a Subsidiary of such Licensee Party and, accordingly, except as provided in Section 5.21(g)(ii) the license to such entity shall terminate upon such entity ceasing to be a Subsidiary of such Licensee Party. (ii) Notwithstanding the limitations on sublicensing set forth in Section 5.21(c), if the Licensee Party divests a Subsidiary or business unit (including in a sale to a third party or in a public offering) such that such entity is no longer a Subsidiary of such Licensee Party (a “Divested Entity”), upon providing written notice of such divestiture to the Licensor Party, the Licensee Party may grant the Divested Entity a sub-license under the licenses granted to such Licensee Party pursuant to Section 5.21(c), but only in connection with the products and services offered by such Divested Entity at the time it ceased to become a Subsidiary or business unit of the Licensee Party, and natural evolutions of such products or services that are of the same general type. Such sublicense grant to the Divested Entity in accordance with the foregoing shall not affect or limit the licenses granted to the Licensee Party or the obligations and duties of the Licensee Party hereunder.
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Rights of Subsidiaries. (i) Subject to Section 5.21(c), any All rights or and licenses granted under this Section 5.21 5.16 extend to each entity that is a Party’s Subsidiary of the Licensee Party but only for so long as such entity is a Subsidiary of such Licensee Party and, accordingly, except as provided in Section 5.21(g)(ii5.16(e)(ii) the license to such entity shall terminate upon such entity ceasing to be a Subsidiary of such Licensee Party.
(ii) Notwithstanding the limitations on sublicensing set forth in Section 5.21(c5.16(c), if the a Licensee Party divests a Subsidiary or business unit or product line (including in a sale to a third party or in a public offering) such that such entity is no longer a Subsidiary of such Licensee Party (a “Divested Entity”), upon providing written notice of such divestiture to the Licensor other Party, the Licensee Party may grant the Divested Entity a sub-license under the licenses granted to such Licensee Party pursuant to this Section 5.21(c)5.16, but only in connection with the products products, product lines and services offered by such Divested Entity at the time it ceased to become a Subsidiary or business unit or product line of the Licensee PartyLicensee, and natural evolutions of such products products, product lines or services that are of the same general type. Such sublicense grant to the Divested Entity in accordance with the foregoing shall not affect or limit the licenses granted to the Licensee Party or the obligations and duties of the Licensee Party hereunder.
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Sources: Stock and Asset Purchase Agreement (PERRIGO Co PLC)