Mandatory License. The Transferring Grantee shall obtain the right to license to the Grantee that selected the Antigen all Antigen Inventions made by a third party (or jointly by the third party and the Transferring Grantee) through use of the Transferred Materials for such Antigen transferred under a material transfer agreement as described in this Section 8.5. Thereafter, subject to Section 8.3(b), the Transferring Grantee shall, if the other Grantee has in effect at the time a Product License for such Antigen, grant a nonexclusive license to all such Antigen Inventions in the same Territory as set forth in such Product License, and for so long as such Product License is in effect, on commercially reasonable terms. It is understood that at such time, if any, as the other Grantee no longer has a Product License with respect to that Antigen, the Transferring Grantee shall have no further obligation to license such Antigen Inventions for the Antigen to the other Grantee.
Mandatory License. Only the persons that have obtained the corresponding license issued by the Commission, whether said persons render services in relation to securities which are registered before the Commission or not, are entitled to perform the business of broker- dealer house or investment advisor in or from the Republic of Panama. Investment Companies offering their shares to the public in the Republic of Panama shall also obtain the license of Investment Manager issued by the Commission even if said Investment Managers do not offer services in or from the Republic of Panama. The broker-dealer houses may exercise the investment manager, for which they need to request and obtain the corresponding license. The dispositions contained in Agreement 5-2003 dated June 25, 2003, regulating the code of ethics, operation register and tariff information, shall be applicable to the Investment Manager
Mandatory License. The parties agree that if any part of a party's Properties are adjudged by a court of competent jurisdiction to be an infringement of any U.S. Intellectual Property right of a third party, the infringing party will make a reasonable effort to procure a license from the person holding said U.S. Intellectual Property right, or to modify the party's Properties, as the case 18 may be, to avoid any infringement, but if and only if there is no reasonable commercial alternative to procuring such a license. If the infringing party is unable to procure a license after making a commercially reasonable effort, and is unable to modify its Properties within reasonable commercial limits, the infringing party will indemnify and hold the non-infringing party harmless from any and all resulting Claims, fees, or other penalties. The non-infringing party shall make all reasonable efforts to mitigate and avoid damages and costs for which the infringing party might become liable.
Mandatory License. The parties shall grant to each other a non-exclusive license to use and exploit the intellectual property owned or controlled by the licensing party created pursuant to any Development Program, solely for the purposes of performing under this Agreement, which license continues on termination or expiration of this Agreement to the extent necessary for a party to exercise its rights after termination as provided in Section 27.
Mandatory License. Entities interested in acting as Retirement and Pensions Funds Investment Management Companies in the Republic of Panamá or from here, shall previously obtain a license issued by the National Securities Commission in accordance with the established in this Agreement. Dispositions contained in Agreement 5 of June 25, 2003 by which the conduct code, registry of operations and tariffs information are regulated, shall be applicable mutatis mutandi to the Retirement and Pensions Funds Investment Management Companies. The regulations about money laundering prevention and financing terrorism contained in Agreement No. 1-2005 of February 3, 2005 shall also be applicable to the entities interested in acting as Retirement and Pensions Funds Investment Management Companies.
Mandatory License. The positions of principal executive, stock broker or analyst in the Republic of Panama may only be held by persons who have obtained the corresponding license issued by the Commission.
