Termination of Amendment. In the event any law or government regulation prohibits the sale of the Product(s), Licensee may terminate this Amendment by paying a termination fee of $10,000,000 and forgiving any remaining Royalty Credit as identified in Section 3.11. In such case the terms of the Agreement shall revert to those in existence immediately prior to the execution of this Amendment.
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Sources: License Agreement, License Agreement (Senetek PLC /Eng/)
Termination of Amendment. In the event any law or government regulation prohibits the sale of the Product(s), Licensee may terminate this Amendment by paying a termination fee of $10,000,000 *** and forgiving any remaining Royalty Credit as identified in Section 3.11. In such case the terms of the Agreement shall revert to those in existence immediately prior to the execution of this Amendment.
Appears in 1 contract