PURCHASE OF LICENSE Sample Clauses

PURCHASE OF LICENSE. In consideration of the licenses granted hereunder, Licensee shall pay to FPC a fee in the amount of $968,750 (the "Master License Fee"). The Master License Fee shall be payable in five (5) equal installments of $193,750. Each installment shall be payable upon the grant of a sublicense by the Licensee; provided however that the full amount of the Master License shall be paid on or before September 1, 2000. In the event Licensee grants more than five (5) sublicenses pursuant to this Agreement, upon the grant of each additional sublicense, Licensee shall pay to Licensor the sum of $193,750. FPC has entered into seven (7) Agreements with third parties within the Territory granted to Licensee (the "Previously Granted Licenses"). In the case of six (6) such Previously Granted Licenses, the Licensees have not paid FPC the full license fee. In each such case, FPC has agreed that in the event the Licensee does not pay the full license fee, FPC will still grant the license and in exchange, will accept an equity interest in the Licensee. As a condition of the grant of this Master License, Licensee herein shall assume FPC's obligation under previously granted licenses to accept an equity interest in any Licensee that does not pay the full license fee to FPC. Licensee herein shall become entitled to all license fees payable from the Licenses under the Previously Granted Licenses from the date of this Agreement forward; provided however, the Licensee herein shall pay to FPC one-half of all license fees payable under Previously Granted Licenses. Licensee shall pay FPC the one-half of all license fees payable under Previously Granted Licenses as collected, but in no event, including the failure to collect such license fees, no later than September 1, 2000.
Sample 1
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PURCHASE OF LICENSE. As heretofore stated in this Agreement, the Purchaser's obligation to close title to the liquor license is contingent upon Purchaser entering into a Lease Agreement with an entity known as Xxxxx'x Realty Associates for a portion of premises known as 000 Xxxx Xxxx Xxxxxx, Xxxxxxxx, Xxx Xxxxxx. Upon the termination of such lease, for any reason, purchaser agrees to sell back to Xxxxx'x Inn, Inc., or to Xxxxx'x Realty Associates; or to the designee of either Xxxxx'x Inn, Inc. and/or Xxxxx'x Realty Associates the said liquor license which is the subject matter of this Agreement at the same price of $350,000.00. The provisions of this paragraph shall survive the closing of title to the subject liquor license.
Sample 1
PURCHASE OF LICENSE. The Distributor hereby agrees to enter into a License Agreement for the Software in consideration of a license fee of $60,000, to be paid by the Distributor to the Company in the following manner: $10,000 on the day of the execution of this Agreement; $10,000 on the day which is one month after the execution of this Agreement; $10,000 on the day which is two months after the execution of this Agreement; and the Company will retain the first $30,000 of the EMC Distribution Commissions earned by the Distributor pursuant to this Agreement.
Sample 1
PURCHASE OF LICENSE. EWC hereby enters into a perpetual global exclusive license to use the BI technology for telemedicine applications with BI, subject to the terms and conditions set forth herein. EWC agrees to pay BI US$20,000.00 for this License. These funds will be paid in the following installments: US$2,000.00 within 5 business days of the execution of this Agreement, US$5,000.00 due on August 1, 2014 and $13,000.00 due September 15, 2014. Additionally, in the event that an EWC client wishes to white label a telemedicine application, then EWC will pay an additional one time US$10,000 white labeling licensing fee to BI per specific client.
Sample 1

Related to PURCHASE OF LICENSE

  • Termination of License Agreement Without limiting the generality of the foregoing, in the event that the License Agreement is terminated in accordance with its terms, this Agreement, including without limitation any Purchase Order(s) or Project Work Orders then-in-effect, shall automatically terminate in its entirety as of the effective date of termination of the License Agreement.

  • Termination of License Upon the expiration or earlier termination of this Agreement (or of a Licensee’s rights to use the Citi Marks hereunder, in which case the following provisions of this Section 6.02 shall apply only with respect to such Licensee):

  • Scope of License Except for such rights expressly granted to the Company herein, no license, right, title or interest in or to the Licensed Intellectual Property is granted to the Company or any other entity, either expressly or by implication, estoppel or otherwise.

  • Term of License Unless terminated earlier, this Agreement will expire without notice on the date set forth on the Rider. You acknowledge and agree that this Agreement is non-renewable and that this Agreement confers upon you absolutely no rights of license renewal whatsoever following the expiration of the License Term.

  • License of Data; Warranty; Termination of Rights A. The valuation information and evaluations being provided to the Trust by USBFS pursuant hereto (collectively, the “Data”) are being licensed, not sold, to the Trust. The Trust has a limited license to use the Data only for purposes necessary to valuing the Trust’s assets and reporting to regulatory bodies (the “License”). The Trust does not have any license nor right to use the Data for purposes beyond the intentions of this Agreement including, but not limited to, resale to other users or use to create any type of historical database. The License is non-transferable and not sub-licensable. The Trust’s right to use the Data cannot be passed to or shared with any other entity. The Trust acknowledges the proprietary rights that USBFS and its suppliers have in the Data.

  • Grant of License Subject to the terms and conditions of this Agreement, BCBSA hereby grants to the Controlled Affiliate the exclusive right to use the licensed Marks and Names in connection with and only in connection with those life insurance and related services authorized by applicable state law, other than health care plans and related services (as defined in the Plan's License Agreements with BCBSA) which services are not separately licensed to Controlled Affiliate by BCBSA, in the Service Area served by the Plan, except that BCBSA reserves the right to use the Licensed Marks and Name in said Service Area, and except to the extent that said Service Area may overlap the area or areas served by one or more other licensed Blue Shield Plans as of the date of this License as to which overlapping areas the rights hereby granted are non-exclusive as to such other Plan or Plans and their respective Licensed Controlled Affiliates only. Controlled Affiliate cannot use the Licensed Marks or Name outside the Service Area or, anything in any other license to Controlled Affiliate notwithstanding, in its legal or trade name.

  • Termination of Licenses In the event of a termination of this Agreement by COMPANY pursuant to Article 9.2. 9.3 or 9.4 or by SELEXIS pursuant to Article 9.2 or 9.3, all and any rights and licenses granted under this Agreement shall terminate upon termination of this Agreement, except for the licenses which have become perpetual pursuant to Article 3.1.3.

  • Non-Exclusive License Grant Subject to the terms and conditions of this Agreement, Takeda hereby grants to Licensee a non-exclusive, sublicensable (subject to Section 3.3 (Sublicensing)) right and license under the Takeda Technology and Takeda’s interest in the Joint Technology to: (a) Develop the TAK-385 Licensed Compound and TAK-385 Licensed Products in the Men’s Health Field in the Takeda Territory solely for the purpose of Exploiting such Licensed Products in the Field in the Licensee Territory, or as required in order for Licensee to comply with its diligence obligations set forth in Section 5.2 (Development Diligence Obligations) and (b) Manufacture the TAK-385 Licensed Compound and TAK-385 Licensed Products in the Takeda Territory.

  • Publicity; Terms of Agreement (a) The Parties agree that the terms of this Agreement are the Confidential Information of both Parties, subject to the special authorized disclosure provisions set forth in this Section 12.3.

  • 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).

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