Obligations Under Section 4 Sample Clauses

Obligations Under Section 4. 3. With regards to Licensee's obligations under Section 4.3 to perform specific obligations by specific dates (deadlines), Licensee shall have the right to obtain up to three (3) extensions of such deadlines, subject to the following conditions: (i) a first six-month extension of the deadline for performing an obligation (e.g., extending the deadline for a first sale in the U.S. of 12/31/2020 until 6/30/2021) may be obtained by making a payment of twenty-five thousand dollars ($25,000) to Foundation; (ii) a second six-month extension of the deadline for performing an obligation (e.g., extending the previously extended deadline of 6/30/2021 for a first sale in the U.S. until 12/31/2021) may be obtained by making an additional payment of fifty thousand dollars ($50,000) to Foundation; and (iii) a third six-month extension of the deadline for performing such obligation (e.g., extending the twice previously extended deadline of 12/31/2021 for a first sale in the U.S. until 6/30/2022) may be obtained by making an additional payment of one-hundred thousand dollars ($100,000) to Foundation. Foundation will have the unilateral right and option to terminate this Agreement if Licensee fails to perform any of its obligations under Section 4.3 by the deadline specified therein, as extended under this Section 4.7(a).
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Obligations Under Section 4. 6.2 If the Licensee is unable to perform an obligation under section 4.6.2 of this Settlement Agreement due to an event or circumstances beyond its reasonable control, the Licensee shall not be in breach of this Settlement Agreement.

Related to Obligations Under Section 4

  • Determinations Under Section 3 01. For purposes of determining compliance with the conditions specified in Section 3.01, each Lender shall be deemed to have consented to, approved or accepted or to be satisfied with each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to the Lenders unless an officer of the Agent responsible for the transactions contemplated by this Agreement shall have received notice from such Lender prior to the date that the Borrower, by notice to the Lenders, designates as the proposed Effective Date, specifying its objection thereto. The Agent shall promptly notify the Lenders of the occurrence of the Effective Date.

  • Determinations Under Section 3.01 For purposes of determining compliance with the conditions specified in Section 3.01, each Lender shall be deemed to have consented to, approved or accepted or to be satisfied with each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to the Lenders unless an officer of the Agent responsible for the transactions contemplated by this Agreement shall have received notice from such Lender prior to the date that the Borrower, by notice to the Lenders, designates as the proposed Effective Date, specifying its objection thereto. The Agent shall promptly notify the Lenders of the occurrence of the Effective Date.

  • Obligations under Security Documents duly and punctually perform each of the obligations expressed to be imposed or assumed by them under the Security Documents and Underlying Documents and will procure that each of the other Security Parties will, duly and punctually perform each of the obligations expressed to be assumed by it under the Security Documents and the Underlying Documents to which it is a party;

  • Plan Terminations Under Section 409A Notwithstanding anything to the contrary in Section 7.2, if this Agreement terminates in the following circumstances:

  • Claims Under Section 16(b) To indemnify Indemnitee for expenses and the payment of profits arising from the purchase and sale by Indemnitee of securities in violation of Section 16(b) of the Securities Exchange Act of 1934, as amended, or any similar successor statute.

  • Obligations Under the Guaranty The undersigned hereby agrees, as of the date first above written, to be bound as a Guarantor by all of the terms and conditions of the Guaranty to the same extent as each of the other Guarantors thereunder. The undersigned further agrees, as of the date first above written, that each reference in the Guaranty to an “Additional Guarantor” or a “Guarantor” shall also mean and be a reference to the undersigned, and each reference in any other Loan Document to a “Guarantor” or a “Loan Party” shall also mean and be a reference to the undersigned.

  • Obligations Under the Security Agreement The undersigned hereby agrees, as of the date first above written, to be bound as a Grantor by all of the terms and provisions of the Security Agreement to the same extent as each of the other Grantors. The undersigned further agrees, as of the date first above written, that each reference in the Security Agreement to an “Additional Grantor” or a “Grantor” shall also mean and be a reference to the undersigned.

  • Conditions to Each Party’s Obligations under this Agreement The respective obligations of each party under this Agreement shall be subject to the fulfillment at or prior to the Closing Date of the following conditions, none of which may be waived:

  • Performance of Obligations under Loan Documents The Borrower will pay the Notes according to the reading, tenor and effect thereof, and the Borrower will, and will cause each Subsidiary to, do and perform every act and discharge all of the obligations to be performed and discharged by them under the Loan Documents, including, without limitation, this Agreement, at the time or times and in the manner specified.

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