Rights of Subsidiaries. All rights and licenses granted in Section 3.1 are granted to Parent and to any entity that is a Subsidiary of Parent, but only for so long as such entity is a Subsidiary of Parent, and will terminate with respect to such entity when it ceases to be a Subsidiary of Parent.
Appears in 2 contracts
Sources: Intellectual Property Matters Agreement (Bausch Health Companies Inc.), Intellectual Property Matters Agreement (Bausch & Lomb Corp)