Common use of TERM OF GRANT Clause in Contracts

TERM OF GRANT. The license granted under Section 2.1 shall remain in full force and effect until the date which is the twenty-fifth (25th) anniversary of the Original Effective Date, unless this Agreement is terminated earlier pursuant to Article 11.

Appears in 3 contracts

Sources: License and Development Agreement (NUCRYST Pharmaceuticals Corp.), License and Development Agreement (NUCRYST Pharmaceuticals Corp.), License and Development Agreement (NUCRYST Pharmaceuticals Corp.)