After the occurrence and during the continuance of a Triggering Event, the Collateral Agent is hereby authorized by the Borrower to transfer to the Funding Agent, and the Funding Agent is hereby authorized to apply to the Obligations then outstanding, any and all amounts held in the Borrower's Concentration Account, such amounts to be applied by the Funding Agent in accordance with the provisions of Section 3.02.
After the. First Commercial Sale of a Licensed Product anywhere in the world by Licensee or its sublicensees, Licensee will make semi-annual royalty reports to Rutgers/UMDNJ on or before each June 30 and December 31 of each year. Each such royalty report will cover Licensee's two most recently completed calendar quarters and will show the following:
(a) the gross sales and Net Sales of each type of Licensed Product and a clear indication of how Net Sales and other consideration due to Rutgers/UMDNJ hereunder were calculated;
(b) the royalties and other consideration, in U.S. dollars, payable hereunder;
(c) the exchange rate used, if any; and
(d) any other information reasonably requested by Rutgers/UMDNJ in support or explanation thereof.
After the. Personnel Commission approves a new classification within the bargaining unit and classifies the position and assigns the salary range for the new classification, the District will provide LBCCE with written notice of such action. LBCCE will, in turn, have five
After the. Second Anniversary and promptly upon final resolution and payment of all Claims outstanding as provided in Section 2.2 hereof, the balance of the Escrow Fund then remaining, if any, shall be released to the Stockholders according to their Proportionate Interests. Notwithstanding anything to the contrary in this Agreement, all portions of the Escrow Fund that, upon the Second Anniversary, are being withheld for a pending Claim that (i) is based solely on AvantGo's receipt of written notice from a third party regarding a potential suit, shall be released to the Stockholders in accordance with their Proportionate Interests if, within three months after the Second Anniversary, such third party has not yet filed a lawsuit against AvantGo; or (ii) is otherwise based solely on AvantGo's reasonable anticipation that it will incur damages relating to Claims that arose prior to the expiration of the Survival Period, shall, if no written notice from a third party regarding a potential suit is received by AvantGo on or prior to the Second Anniversary, be released to the Stockholders in accordance with their Proportionate Interests on the Second Anniversary.
After the execution of the Sublicense Agreement, all service, use, promotion, distribution and marketing of the Game to End Users required under this Agreement shall be performed only by the Service Company.
After the third (3rd) year of continuous employment, the employee will be entitled to fifteen (15) days of annual vacation per year through five
After the occurrence of and during the continuance of a Potential Event of Default or an Event of Default, a Borrower may not elect to have an A Advance be made or continued as, or Converted into, a Eurodollar Rate Advance after the expiration of any Interest Rate then in effect for that A Advance.
After the. 1 The employment relationship may be terminated at the end of a month, expiration of the during the first year of service with a notice period of one month, in the probation period second and up to and including the ninth year of service with a notice period of two months, and thereafter with a notice period of three months.
After the. Base Date any increase in the prices for [details or materials or packages] in excess of those assumed by the Contractor in the Contract Sum Analysis”
After the. FIRST COMMERCIAL SALE of the first LICENSED PRODUCT, LICENSEE shall provide semi-annual royalty reports to MICHIGAN. By each July 30 and January 31 (i.e., within one month after each ROYALTY PERIOD closes, including the close of the ROYALTY PERIOD immediately following any termination of this Agreement), LICENSEE shall report to MICHIGAN for that ROYALTY PERIOD the NET SALES for such ROYALTY PERIOD.
(a) NET SALES, excluding the deductions provided therefor, of LICENSED PRODUCTS and LICENSED PROCESSES sold, distributed, used, rented, leased, or licensed, however characterized, by LICENSEE and all SUBLICENSEES.
(b) deductions applicable as provided in the definition for NET SALES above.
(c) royalties due during such ROYALTY PERIOD.
(d) foreign currency conversion rate and calculations (if applicable).
(e) any milestone (under Article 3 or Article 5) that has been achieved, and any milestone that was due during the ROYALTY PERIOD but not achieved, specifying each milestone and whether or not it was achieved. LICENSEE shall include the amount of all payments due, including any payments due from any sublicense agreement, and the various calculations used to arrive at those amounts, including the quantity, description (nomenclature and type designation as described in Paragraph 4.3 below), country of manufacture, and country of sale or use of LICENSED PRODUCTS and LICENSED PROCESSES. If no payment is due, LICENSEE shall so report to MICHIGAN that no payment is due. All reports provided by LICENSEE to MICHIGAN pursuant to this Section 4.2 shall be CONFIDENTIAL INFORMATION of LICENSEE.
