INDUSTRIAL OPERATIONS - LICENSING Sample Clauses

INDUSTRIAL OPERATIONS - LICENSING. 9.1 Industrial operations of results obtained within the Co-operative activity Dipartimento di Biologia Sperimentale hereby grants to NOVIRIO Pharmaceuticals Limited the exclusive right to directly or indirectly use or license the results obtained within or from the Co-operative activity. In case of rewarded commercial use of such results, NOVIRIO SARL or NOVIRIO Pharmaceuticals Limited shall pay to the Dipartimento di Biologia Sperimentale a fee as set forth below. It is understood and agreed by the parties hereto that the assessment and percentage of the fee have been defined at a reasonable level with reference to similar processes/products available on the market, and that such assessments and fees have taken into account the intellectual and financial contributions of the parties with respect to the invention, the development, the launch and protection of processes/products. The fees payable by NOVIRIO SARL or NOVIRIO Pharmaceuticals Limited to the Dipartimento di Biologia Sperimentale, and costs to be incurred by NOVIRIO SARL or NOVIRIO Pharmaceuticals Limited in the case of rewarded commercial use of results obtained within or from the Co-operative activity which have been licensed to Novirio Pharmaceuticals Limited, are as follows: - the percentage will be [**]% of the world-wide net sales results; - terms of payment will be defined by an agreement signed by the parties before commercialization; - NOVIRIO SARL or NOVIRIO Pharmaceuticals Limited will incur all costs of development and if NOVIRIO Pharmaceuticals Limited licenses out the compound, it agrees to use reasonable efforts to cause the Dipartimento di Biologia Sperimentale to earn a percentage of the royalties it receives or a percentage of sub-licensing fees equivalent to the [**]% of the world-wide net sales. If NOVIRIO Pharmaceuticals Limited elects not to further develop these results, it could decide to allow the Dipartimento di Biologia Sperimentale to negotiate with third parties non-exclusive licenses, for patent use or know-how obtained within the Co-operative activity. In this case, the Dipartimento di Biologia Sperimentale shall pay NOVIRIO Pharmaceuticals Limited a fee equivalent to [**]% of world-wide net sales, in accordance with an agreement that will be signed by the parties before commercialization.
Sample 1
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Related to INDUSTRIAL OPERATIONS - LICENSING

  • State Business Licenses The Servicer or the Certificateholder shall prepare and instruct the Trust to file each state business license (and any renewal thereof) required to be filed under applicable state law without further consent or instruction from the Instructing Party (as defined in the Trust Agreement), including a Sales Finance Company Application (and any renewal thereof) with the Pennsylvania Department of Banking, Licensing Division, and a Financial Regulation Application (and any renewal thereof) with the Maryland Department of Labor, Licensing and Regulation.

  • Sub-licensing The Licensee shall be entitled to grant sub-licences of its rights under this Agreement to any person, provided that:

  • Permits, Licenses, Etc Each of the Borrower and its Subsidiaries possesses all permits, licenses, patents, patent rights or licenses, trademarks, trademark rights, trade names rights, and copyrights which are material to the conduct of its business. Each of the Borrower and its Subsidiaries manages and operates its business in accordance with all applicable Legal Requirements except where the failure to so manage or operate could not reasonably be expected to result in a Material Adverse Change; provided that this Section 4.14 does not apply with respect to Environmental Permits.

  • Status as Business Development Company The Borrower is an “investment company” that has elected to be regulated as a “business development company” within the meaning of the Investment Company Act and qualifies as a RIC.

  • Permits, Licenses Copies of any permits, licenses, or other similar documents in Seller’s possession relating to the use, occupancy or operation of the Property; and

  • Non-Company Business Except with the prior written consent of the Board, Executive will not during the term of Executive’s employment with the Company undertake or engage in any other employment, occupation or business enterprise, other than ones in which Executive is a passive investor. Executive may engage in civic and not-for-profit activities so long as such activities do not materially interfere with the performance of Executive’s duties hereunder.

  • Permits and Approvals The Company and Buyer each agree to cooperate and use their commercially reasonable efforts to obtain, and shall as promptly as practicable prepare all registrations, filings and applications, requests and notices preliminary to, all approvals and Permits that may be necessary or which may be reasonably requested by Buyer to consummate the transactions contemplated by this Agreement.

  • Oil and Gas Operations (a) All wxxxx included in the Oil and Gas Interests of the Company have been drilled and (if completed) completed, operated and produced in accordance with generally accepted oil and gas field practices and in compliance in all respects with applicable oil and gas leases and applicable laws, rules and regulations, except where any failure or violation could not reasonably be expected to have a Material Adverse Effect on the Company; and

  • Business Development Company Buyer is a business development company as defined in Section 202(a)(22) of the Investment Advisors Act of 1940.

  • Business Operations Company and Shareholders shall operate the Business and use the Assets in the ordinary course. Company and Shareholders shall not enter into any lease, contract, indebtedness, commitment, purchase or sale or acquire or dispose of any capital asset relating to the Business or the Assets except in the ordinary course of business. Company and Shareholders shall use their best efforts to preserve the Business and Assets intact and shall not take any action that would have an adverse effect on the Business or Assets. Company and Shareholders shall use their best efforts to preserve intact the relationships with payors, customers, suppliers, patients and others having significant business relations with Company. Company and Shareholders shall collect its receivables and pay its trade payables in the ordinary course of business. Company and Shareholdes shall not introduce any new method of management, operations or accounting.

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