The EULA that accompanies delisted Ubisoft games requires players to destroy their purchases. Stop Killing Games is fighting to keep titles working after companies abandon them. A major representative for EU publishers opposes solutions like support for third-party servers.
I read it the same way you did. If you want to terminate the EULA, then they request you remove your copies of the game. In that snippet it says nothing about them arbitrary demand you delete all your copies.