Syndicate Formation and Limitations Sample Clauses

Syndicate Formation and Limitations. It is understood that Aurora is seeking to collaborate with, and supply to, and grant certain license rights to Third Parties with respect to the use and supply of a system similar to the LILLYUHTSS to such Third Party. Notwithstanding the foregoing, Aurora covenants and agrees that, so long as Lilly is not in default of any payment obligation hereunder and has not ***CONFIDENTIAL TREATMENT REQUESTED
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Syndicate Formation and Limitations. It is anticipated that Aurora may seek to collaborate with, develop and supply to, and/or grant certain license rights to Third Parties with respect to the development, use and/or supply of a UHTSS to such Third Party. Notwithstanding the foregoing, Aurora covenants and agrees that, so long as BMS is not in default of any payment obligation hereunder and has not terminated its participation in the development of the UHTSS, then, until the date that is *** following the date that BMS shall have accepted a fully operational, complete UHTSS pursuant to section 2.1.3., Aurora will not, without BMS' prior written consent, (A) enter into agreements with more than *** Third Parties (i) under which Auroxx xxxxx x xicense rights to such Third Party to use the Aurora UHTSS Patent Rights or Copyrights or Aurora UHTSS Technology rights so that such Third Party may make or use any ultra- *** CONFIDENTIAL TREATMENT REQUESTED 21 25 high throughput screening system similar to the UHTSS, and/or (ii) under which Aurora will develop, sell (whether by purchase, financial lease, lease with option to purchase, or otherwise), and/or supply, whether (or not) in collaboration with such Third Party or otherwise, any ultra-high throughput screening system similar to the UHTSS to such Third Party, and (B) enter into any operating lease for a UHTSS with a Third Party or license any Aurora UHTSS Technology or Aurora UHTSS Patent Rights to a Third Party in order to allow such Third Party to build its own UHTSS without infringing such rights. Subject to section 2.1.10 (where applicable), nothing in this section 2.1.9 is intended to limit or restrict: - the number of parties to whom Aurora may supply or grant licenses with respect to any Reporters, the Aurora Reporter System Patent Rights, or the Aurora Reporter System Technology, and/or - Aurora's ability to provide screening services using the Aurora Patent Rights and Aurora Technology to Third Parties, provided that such screening services do not involve a screen that is exclusive to BMS under section 3.1.2 hereof or otherwise conflict with any provisions of this Agreement. *** *** CONFIDENTIAL TREATMENT REQUESTED 22 26 *** *** CONFIDENTIAL TREATMENT REQUESTED
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Syndicate Formation and Limitations. It is understood that Aurora may collaborate with, and supply to, and grant certain license rights with respect to the use and supply of a system substantially conforming to the specifications of the System and the Aurora Reporter System to Third Parties.
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Related to Syndicate Formation and Limitations

  • DECLARATION OF TRUST AND LIMITATION OF LIABILITY A copy of the Declaration of Trust of the Fund is on file with the Secretary of State of the Commonwealth of Massachusetts, and notice is hereby given that this Agreement is executed by an officer of the Fund on behalf of the Trustees, as trustees and not individually, and that the obligations of this Agreement with respect to the Fund shall be binding upon the assets and properties of the Fund only and shall not be binding upon the assets or properties of the Trustees, officers, employees, agents or shareholders of the Fund individually. If the foregoing meets with your approval, please acknowledge your acceptance by signing each of the enclosed counterparts hereof and returning such counterparts to us, whereupon this shall constitute a binding agreement as of the date first above written. Very truly yours, [FUND] By: Name: Xxxxxxx X. Xxxxxxxxx Title: Vice President and Secretary Agreed to and Accepted: NUVEEN SECURITIES, LLC By: Name: Xxxxx X. XxXxxxxx Title: Senior Managing Director

  • RETENTION AND LIMIT The Reinsurer will accept a fixed proportion of [up to 30%] of the Company's loss on the first $1,000,000 on behalf of the Company under each and every Policy subject to this Agreement, as follows: [4/1/02 to 3/31/03 10%, 4/1/03 to 12/31/06 15%].

  • Compensation and Limitation of Liability of Trustees Compensation ------------

  • Indemnification and Limitation on Liability 1. Seller agrees to indemnify and hold harmless JPMS and its directors, officers, employees and affiliates from and against all claims, losses, damages and liabilities (including without limitation, any legal or other expenses reasonably incurred in connection with defending or investigating any such action or claim) arising out of or attributable to JPMS’s actions taken or not taken in compliance with this Sales Plan or arising out of or attributable to any breach by Seller of this Sales Plan (including Seller’s representations and warranties hereunder) or any violation by Seller of applicable laws or regulations. This indemnification shall survive termination of this Sales Plan. Notwithstanding the foregoing, Seller shall have no indemnification obligation to the extent any claims, losses, damages or liabilities are due to the gross negligence, recklessness or willful misconduct of JPMS or any other indemnified person.

  • Compliance with Delaware Statutory Trust Act The Issuer must have at least one trustee that meets the requirements of Section 3807(a) of the Delaware Statutory Trust Act.

  • Limitations on Mergers and Liquidation Merge, consolidate or enter into any similar combination with any other Person or liquidate, wind-up or dissolve itself (or suffer any liquidation or dissolution) except:

  • Partnership Formation and Identification 6 2.1 Formation............................................................................................ 6 2.2 Name, Office and Registered Agent.................................................................... 6 2.3 Partners............................................................................................. 6 2.4

  • DIVERSIFICATION AND RELATED LIMITATIONS 6.1. The Trust and MFS represent and warrant that each Portfolio of the Trust will meet the diversification requirements of Section 817 (h) (1) of the Code and Treas. Reg. 1.817-5, relating to the diversification requirements for variable annuity, endowment, or life insurance contracts, as they may be amended from time to time (and any revenue rulings, revenue procedures, notices, and other published announcements of the Internal Revenue Service interpreting these sections), as if those requirements applied directly to each such Portfolio.

  • Incorporation of Standard Terms and Conditions of Trust Subject to the provisions of Section 2 and 3 of this Trust Indenture and Agreement set forth below, all of the provisions of the Standard Terms are incorporated by reference in their entirety and shall be deemed to be a part of this instrument as fully to all intents and purposes as though said provisions had been set forth in full in this instrument. Unless otherwise stated, section references shall refer to sections in the Standard Terms.

  • Limitation on Liability of Limited Partners No Limited Partner shall be liable for any debts, liabilities, contracts or obligations of the Partnership. A Limited Partner shall be liable to the Partnership only to make payments of its Capital Contribution, if any, as and when due hereunder. After its Capital Contribution is fully paid, no Limited Partner shall, except as otherwise required by the Act, be required to make any further Capital Contributions or other payments or lend any funds to the Partnership.

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