Fully Paid License Sample Clauses

Fully Paid License. Upon expiration of the Term (but not termination under Section 7.1 or 7.2) the license granted to LICENSEE in Section 2.1 shall become a perpetual, irrevocable, fully-paid license.
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Fully Paid License. In order to compensate ATL for use of the ATL Technology under direction or control of a third party, SonoSight shall make a one-time payment to ATL to obtain a fully paid license to use the ATL Technology in accordance with and subject to the terms and conditions in this Agreement in the event of either of the following: (a) a license fee of One Hundred Fifty Million Dollars is due and payable if, during the first five years following the Effective Date, fifty percent or more of the securities entitled to vote for the election of directors of SonoSight are acquired directly or indirectly by a single person or entity, or by a combination of persons or entities under the control of a single person or entity, or a majority of the SonoSight board of directors is controlled by a single person or entity; or (b) a license fee of Seventy-five Million Dollars is due and payable if, during the sixth, seventh, or eighth year following the Effective Date, fifty percent or more of the securities entitled to vote for the election of directors of SonoSight are acquired directly or indirectly by a single person or entity, or by a combination of persons or entities under the control of a single person or entity, or a majority of the SonoSight board of directors is controlled by a single person or entity, which person(s) or entity(s) is engaged in the medical diagnostic imaging business other than by manufacture or sale of SonoSight Handheld or Highly Portable Ultrasound Devices. No payment shall be made to ATL if any of the events described in Section 2.3. occur at any time after the end of the eighth year following the Effective Date. In the event SonoSight does not make the one-time payment to ATL as described above following demand from ATL, the license to use the ATL Technology set forth in this Agreement shall terminate immediately and with no further action on the part of ATL. In that event, SonoSight immediately shall return to ATL any and all material given to SonoSight by ATL embodying all or any portion of the ATL Technology, and any and all copies of the material in SonoSight's possession or under SonoSight's control. SonoSight acknowledges that the ATL Technology has been created and developed by ATL over a substantial period of time, at a considerable expense, and gives ATL a significant commercial advantage. SonoSight further acknowledges that a third party who acquired the ATL Technology would gain a considerable commercial advantage without making an inves...
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Fully Paid License. Upon expiration of the Term, the license granted to Sinotau in Article II shall become a perpetual, irrevocable, fully-paid license. For the purpose of clarity, upon expiration of the Term of this Agreement, Sinotau’s obligations to FluoroPharma under clauses 5.1, 5.2 and 5.3 shall cease.
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Fully Paid License. In addition to any other payments to be made by HUS to ------------------ ATL under the provisions of this Agreement, HUS shall make a one-time payment to ATL to obtain a fully paid license to use the ATL Technology in accordance with and subject to the terms and conditions in this Agreement in the event any of the following events occur: (a) twenty percent or more of the securities entitled to vote for the election of directors of HUS are acquired directly or indirectly by a person, or by a combination of persons under the control of a single person; or (b) twenty-five percent or more of the members of Board of Directors of HUS are controlled directly or indirectly by a person, or by a combination of persons under the control of a single person; or (c) HUS enters into any agreement to merge with, or become directly or indirectly controlled by another entity engaged in the manufacture and/or sale of diagnostic imaging products; or (d) HUS or its successor combines or incorporates the Handheld Technology with any other imaging technology (excluding ATL Technology) in Handheld Ultrasound Devices.
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Fully Paid License. Upon (a) the date of Pilot System Acceptance and (b) County’s payment to Contractor of all approved invoiced amounts for Tasks 1 through 8 of Exhibit B (Statement of Work), including the Baseline Application License, Baseline Application configuration and implementation, Customizations, Baseline Interfaces, training and other Work required to be provided pursuant to this Agreement prior to the Pilot System Acceptance ("Pilot Installation Cost"), this License is and shall be a fully paid, irrevocable License to the Application Software and the Source Code as a whole, in each case, as modified by the Work performed under this Agreement, which License survives the termination or expiration of this Agreement for any reason.
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Fully Paid License. The License is fully-paid, and no additional consideration or royalty is required to be paid by the Company hereunder.
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Fully Paid License 
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Related to Fully Paid License

  • Outbound Licenses Part 2.7(d) of the Disclosure Schedule accurately identifies each Contract pursuant to which any Person has been granted any license under, or otherwise has received or acquired any right (whether or not currently exercisable) or interest in, any Seller IP. The Seller is not bound by, and no Seller IP is subject to, any Contract containing any covenant or other provision that in any way limits or restricts the ability of the Seller to use, exploit, assert, or enforce any Seller IP anywhere in the world.

  • Unported License Permissions beyond the scope of this license may be available at xxxx://xxxx-xxxxxxx.xx. See Slide 2 for license exclusions. 43

  • Inbound Licenses Except as disclosed on the Schedule, Borrower is not a party to, nor is bound by, any license or other agreement that prohibits or otherwise restricts Borrower from granting a security interest in Borrower’s interest in such license or agreement or any other property.

  • Exclusive License Licensor hereby grants to Licensee and Licensee hereby accepts from Licensor, upon the terms and conditions herein specified, a sole and exclusive license under the Licensed Patent Rights in the Territory, and in the Field of Use to develop, make, have made, import, have imported, use, offer to sell, sell and otherwise commercialize Licensed Product(s).

  • Non-Exclusive License Sponsor grants Institution and Principal Investigator a royalty free non-exclusive license, with no right to sublicense, to use Trial Data for internal research or educational purposes.

  • Patent License For patent claims including, without limitation, method, process, and apparatus claims which You or Your Affiliates own, control or have the right to grant, now or in the future, You grant to Us a perpetual, worldwide, non-exclusive, transferable, royalty-free, irrevocable patent license, with the right to sublicense these rights to multiple tiers of sublicensees, to make, have made, use, sell, offer for sale, import and otherwise transfer the Contribution and the Contribution in combination with the Material (and portions of such combination). This license is granted only to the extent that the exercise of the licensed rights infringes such patent claims; and provided that this license is conditioned upon compliance with Section 2.3.

  • Permits and License Contractor represents and warrants that it will comply with all applicable laws and maintain all permits and licenses required by applicable city, county, state, and federal rules, regulations, statutes, codes, and other laws that pertain to this Contract.

  • Sublicense SONY shall be permitted to sublicense the rights ---------- granted in Section 2.1 only to: (a) wholly-owned subsidiaries of SONY; provided that SONY shall promptly notify LEXAR in writing of sublicenses granted to subsidiaries and SONY shall acknowledge responsibility for such subsidiary's compliance with the terms of this Lexar Technology License Agreement; and (b) any parties for the manufacture, use, offer for sale, import and sale of Host Devices and any components of Host Devices, provided that such third parties shall only be sublicensed under LEXAR Intellectual Property Rights for that portion of a Host Device or of any component of a Host Device that communicates directly with a Licensed Memory Stick. SONY's sublicense rights under this Section 2.2(b) shall be contingent upon SONY entering into a written agreement with each sublicensee in the form of Exhibit C. SONY will provide LEXAR with a copy of each such --------- sublicense agreement immediately after execution thereof. Nothing in this Agreement shall be construed as permitting SONY to reveal LEXAR Confidential Information, as such term is defined in Section 6, to sublicensees under this Section 2.2(b). In the event that SONY determines that the Memory Stick Specification contains LEXAR Confidential Information, LEXAR and SONY agree to negotiate in good faith additional specific provisions to the form sublicensee agreement to sufficiently protect LEXAR's Confidential Information. LEXAR and SONY acknowledge that in the course of these negotiations, the parties' mutual interest in making the Host Device manufacturing license available as broadly as possible should be weighed against the importance of protecting LEXAR's Confidential Information. Sublicensees under this Section 2.2 shall not have the right to sublicense the rights granted under this agreement. * Material has been omitted and filed separately with the Commission.

  • License IO, which owns certain intellectual property rights to the name “Masterworks” hereby grants the Company effective upon the commencement of the Offering, a non-exclusive, royalty free license to use the name “Masterworks”. Other than with respect to this license, the Company will have no legal right to use the “Masterworks” name. In the event that the Administrator ceases to administer the Company’s operations, the Company will be required to change its name to eliminate the use of “Masterworks”.

  • Software License The SOFTWARE is protected by copyright laws and international copyright treaties, as well as other intellectual property laws and treaties. The SOFTWARE is licensed, not sold.

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