Licensee Product Sample Clauses

Licensee Product. In consideration for the rights and licenses granted in this Agreement, Licensee agrees that Cisco's Software and technology will be the sole routing functionality in Licensee's Product, and that Licensee will not market or incorporate additional, third party routing functionality for installation into Licensee Products or for use with Licensee Products; provided, however, it is agreed that Licensee may continue to sell its 195MPR and 195RTR router products and any new releases thereof until final product test acceptance of the Integrated Product has occurred. Licensee agrees to always represent Cisco's products and technology in a professional manner in accordance with the highest standards in the industry. In particular without limiting the generality of the foregoing, Licensee agrees to accurately represent the features and functionality of the Cisco technology in its discussions with third parties and marketing materials.
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Licensee Product. Licensee Product is limited to the following: (a) web set top boxes
Licensee Product. Name of Product(s): Genome Topographer (GT) Brief Description and function: The Genome Topographer supports computer aided gene analysis.
Licensee Product. For each Licensee Product Sold by Licensee, the Applicable Royalty Rate is determined by assessing: Developer (Int. Use) Included; TM License fee waived Included Included $10,000 per Licensee Product qualified (A) $50,000 initial term, payable in annual installments of $30,000 at the commencement of the first year of the initial term and $10,000 each additional year of the initial term; or, (B) $40,000 initial term, payable in advance, at the commencement of the initial term; $1,500 per year Plus, for option (A) or option (B), $10,000 for each additional one- year renewal term, payable at the commencement of each renewal term Developer (End Use) Included; TM License fee waived $50,000 one-time, paid-up license Included $10,000 per Licensee Product qualified (C) $10 Decode/$10 Encode per copy of Licensee Product sold; or, (D) For Licensee Products sold to end users on a Subscription basis, $0.85 Decode/$0.85 Encode for each month the Subscription is in effect**; or (E) a yearly, non-refundable, paid-up obligation of $80,000 electable and payable in advance at the commencement of each license term or renewal term in lieu of (C) *** $1,500 per year Service Provider (Shared Technology and Services) Included; TM License fee waived $50,000 one-time, paid-up license Included $10,000 per Licensee Product qualified $.0045 per minute or portion thereof of video essence encoded or decoded by Licensee’s service. Partial minutes of video essence of thirty seconds or longer shall be rounded up to the next whole minute. Partial minutes of video essence less than thirty seconds in length shall be calculated at .5 of a minute. $1,500 per year Developer (OEM) Included; TM License fee waived $50,000 one-time, paid-up license Included $10,000 per Licensee Product qualified $0, but reporting required per A.3.1 $1,500 per year Developer (Shared Technology and Services) Included; TM License fee waived $50,000 one-time, paid-up license Included $10,000 per Licensee Product qualified $0, but reporting required per A.3.1 $1,500 per year Use Scope/ Avid Avid Avid Confid. TM Avid Patent Rights Maintenance License Grant Binary Source Information License Codec Code * If Licensee is a current Licensee under any prior Avid DNxHD Patent License, who has already paid for an initial term under that prior license, then this license shall commence with the first renewal term. ** Licensee may sell Licensee Products on a Subscription basis subject to the terms herein provided that the Licensed ...

Related to Licensee Product

  • Product ACCEPTANCE Unless otherwise provided by mutual agreement of the Authorized User and the Contractor, Authorized User(s) shall have thirty (30) days from the date of delivery to accept hardware products and sixty (60) days from the date of delivery to accept all other Product. Where the Contractor is responsible for installation, acceptance shall be from completion of installation. Failure to provide notice of acceptance or rejection or a deficiency statement to the Contractor by the end of the period provided for under this clause constitutes acceptance by the Authorized User(s) as of the expiration of that period. The License Term shall be extended by the time periods allowed for trial use, testing and acceptance unless the Commissioner or Authorized User agrees to accept the Product at completion of trial use. Unless otherwise provided by mutual agreement of the Authorized User and the Contractor, Authorized User shall have the option to run testing on the Product prior to acceptance, such tests and data sets to be specified by User. Where using its own data or tests, Authorized User must have the tests or representative set of data available upon delivery. This demonstration will take the form of a documented installation test, capable of observation by the Authorized User, and shall be made part of the Contractor’s standard documentation. The test data shall remain accessible to the Authorized User after completion of the test. In the event that the documented installation test cannot be completed successfully within the specified acceptance period, and the Contractor or Product is responsible for the delay, Authorized User shall have the option to cancel the order in whole or in part, or to extend the testing period for an additional thirty (30) day increment. Authorized User shall notify Contractor of acceptance upon successful completion of the documented installation test. Such cancellation shall not give rise to any cause of action against the Authorized User for damages, loss of profits, expenses, or other remuneration of any kind. If the Authorized User elects to provide a deficiency statement specifying how the Product fails to meet the specifications within the testing period, Contractor shall have thirty (30) days to correct the deficiency, and the Authorized User shall have an additional sixty (60) days to evaluate the Product as provided herein. If the Product does not meet the specifications at the end of the extended testing period, Authorized User, upon prior written notice to Contractor, may then reject the Product and return all defective Product to Contractor, and Contractor shall refund any monies paid by the Authorized User to Contractor therefor. Costs and liabilities associated with a failure of the Product to perform in accordance with the functionality tests or product specifications during the acceptance period shall be borne fully by Contractor to the extent that said costs or liabilities shall not have been caused by negligent or willful acts or omissions of the Authorized User’s agents or employees. Said costs shall be limited to the amounts set forth in the Limitation of Liability Clause for any liability for costs incurred at the direction or recommendation of Contractor.

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