Assumption of Rights by Other Party Sample Clauses

Assumption of Rights by Other Party. In the event that a party ----------------------------------- desires to decline responsibility for obtaining or maintaining Patent Rights in a country for any of its Technology that is developed or discovered in connection with the Program, such party will notify the other party before taking such action and, upon request, will allow the other party to assume responsibility for, and all expenses relating to, the relevant Patent Rights in those countries; provided, however, that neither party shall have the right to seek patent protection for any Technology that a party has decided, in its discretion, to maintain as a trade secret. In the event that a party desires to cease further payment of patent-related expenses for a Joint Patent Right in any country, such party may assign to the other party all rights in that Joint Patent Right in such country and thereafter have no further obligation to pay such expenses.
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Assumption of Rights by Other Party. In the event that Biosource, DAS or TDCC desires to decline responsibility for obtaining or maintaining Patent Rights in a country for any of its Technology that is discovered in the course of the Research Collaboration, such party will notify the other parties before taking such action and, upon request, will allow another party to assume responsibility for, and all expenses relating to, the relevant Patent Rights in those countries; provided, however, that neither TDCC, DAS nor Biosource shall have the obligation to permit another party to seek patent protection for any Technology that it has decided, in its discretion, to maintain as a trade secret. In the event that TDCC, DAS or Biosource desires to cease further payment of patent-related expenses for Patent Rights jointly owned in any country, it may assign to the other all rights in such Patent Rights in such country and thereafter have no further obligation to pay such expenses. The party assigning rights shall retain an immunity from suit under such Patent Rights for it and its Affiliates (including in the case of TDCC, DAS and DAS Affiliates, and in the case of DAS, TDCC and Affiliates of TDCC), but forfeits any rights to license or enforce such Patent Rights.
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Assumption of Rights by Other Party. In the event that a party desires to decline responsibility for obtaining or maintaining Joint Patent Rights in a country for any of the Joint Technology, such party will notify the other party before taking such action and, upon request, will allow the other party to assume responsibility for, and all expenses relating to, the
Sample 1
Assumption of Rights by Other Party. In the event that a Party desires to decline responsibility for obtaining or maintaining Patent Rights in any country for any of its Technology that arises from the Collaboration, such Party will notify the other Party reasonably in advance of taking such action so that no uncurable deadlines are imminent and, upon request, will allow the other Party to assume responsibility for, and all expenses relating to, the relevant Patent Rights in those countries; provided, however, that neither Party shall have the right to seek patent protection for any Technology that a Party has decided, in its sole discretion, to maintain as a trade secret, nor shall it have a right to assume responsibility for Patent Rights in any country where the reason the other Party has elected not to pursue such rights has a bona fide business purpose (e.g., electing not to pursue Patent Rights in a particular county because of limited commercial advantages as compared to potential risks of prejudicing validity or enforceability in other jurisdictions or prosecution costs) as determined in the sole discretion of the other Party. In the event that a Party desires to cease further payment of patent-related expenses for a Joint Patent Right in any country, such Party may assign to the other Party all rights in that Joint Patent Right in such country and thereafter have no further obligation to pay such expenses.
Sample 1

Related to Assumption of Rights by Other Party

  • Assignment of Rights Borrower acknowledges and understands that Agent or Lender may, subject to Section 11.7, sell and assign all or part of its interest hereunder and under the Loan Documents to any Person or entity (an “Assignee”). After such assignment the term “Agent” or “Lender” as used in the Loan Documents shall mean and include such Assignee, and such Assignee shall be vested with all rights, powers and remedies of Agent and Lender hereunder with respect to the interest so assigned; but with respect to any such interest not so transferred, Agent and Lender shall retain all rights, powers and remedies hereby given. No such assignment by Agent or Lender shall relieve Borrower of any of its obligations hereunder. Lender agrees that in the event of any transfer by it of the Note(s)(if any), it will endorse thereon a notation as to the portion of the principal of the Note(s), which shall have been paid at the time of such transfer and as to the date to which interest shall have been last paid thereon.

  • Modification of Rights The rights of the Optionee are subject to modification and termination in certain events as provided in this Option Agreement and the Plan.

  • Termination of Rights The right of first refusal granted the --------------------- Company by Section 3(b) above and the option to repurchase the Shares in the event of an involuntary transfer granted the Company by Section 3(c) above shall terminate upon the first sale of Common Stock of the Company to the general public pursuant to a registration statement filed with and declared effective by the Securities and Exchange Commission under the Securities Act. Upon termination of the right of first refusal described in Section 3(b) and the expiration or exercise of the Repurchase Option, a new certificate or certificates representing the Shares not repurchased shall be issued, on request, without the legend referred to in Section 6(a)(ii) below and delivered to Purchaser.

  • Non-Waiver of Rights The failure to enforce at any time the provisions of this Agreement or to require at any time performance by the other party hereto of any of the provisions hereof shall in no way be construed to be a waiver of such provisions or to affect either the validity of this Agreement or any part hereof, or the right of either party hereto to enforce each and every provision in accordance with its terms. No waiver by either party hereto of any breach by the other party hereto of any provision of this Agreement to be performed by such other party shall be deemed a waiver of similar or dissimilar provisions at that time or at any prior or subsequent time.

  • License of Data; Warranty; Termination of Rights A. The valuation information and evaluations being provided to the Trust by USBFS pursuant hereto (collectively, the “Data”) are being licensed, not sold, to the Trust. The Trust has a limited license to use the Data only for purposes necessary to valuing the Trust’s assets and reporting to regulatory bodies (the “License”). The Trust does not have any license nor right to use the Data for purposes beyond the intentions of this Agreement including, but not limited to, resale to other users or use to create any type of historical database. The License is non-transferable and not sub-licensable. The Trust’s right to use the Data cannot be passed to or shared with any other entity. The Trust acknowledges the proprietary rights that USBFS and its suppliers have in the Data.

  • Termination and Waiver of Rights of First Refusal The rights of first refusal established by this Section 4 shall not apply to, and shall terminate upon the earlier of (i) the effective date of the registration statement pertaining to the Company’s Initial Offering or (ii) an Acquisition. Notwithstanding Section 5.5 hereof, the rights of first refusal established by this Section 4 may be amended, or any provision waived with and only with the written consent of the Company and the Major Investors holding a majority of the Registrable Securities held by all Major Investors, or as permitted by Section 5.5.

  • Amendment of Rights Any provision of this Agreement may be amended and the observance thereof may be waived (either generally or in a particular instance and either retroactively or prospectively), only with the written consent of the parties hereto (and/or any of their permitted successors or assigns).

  • Limitation of Rights Nothing in this Agreement or the Plan shall be construed to:

  • Waiver of Rights No delay or omission by the Company in exercising any right under this Agreement will operate as a waiver of that or any other right. A waiver or consent given by the Company on any one occasion is effective only in that instance and will not be construed as a bar to or waiver of any right on any other occasion.

  • Reversion of Rights Notwithstanding anything to the contrary set forth herein (including, but not limited to, Section 5 hereof), full responsibility for Prosecution of the Patent Rights shall, at the option of CSMC (exercisable in its sole and absolute discretion), and at its sole expense from the date of reversion, revert to CSMC upon any termination of this Agreement.

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