Common use of Rights of Subsidiaries Clause in Contracts

Rights of Subsidiaries. The right of a member of the Tality Group other than the Partnership or a member of the Cadence Group other than Cadence to exercise the rights licensed under Section 3.1 and Section 3.2, respectively, is subject to such member agreeing in writing to be bound by the terms and conditions hereof. A license to a particular member of the Tality Group or the Cadence Group granted pursuant to Section 3.1 or Section 3.2 shall terminate upon the date that such member ceases to be a Subsidiary of the Partnership or Cadence, as the case may be.

Appears in 3 contracts

Sources: Master Intellectual Property Ownership and License Agreement (Tality Corp), Master Intellectual Property Ownership and License Agreement (Tality Corp), Master Intellectual Property Ownership and License Agreement (Cadence Design Systems Inc)