Amyris Technology definition
Examples of Amyris Technology in a sentence
The Company’s purpose is to (i) acquire an ownership interest in certain sugar and ethanol assets in Brazil and convert a portion of the production capacity of such assets to the production of Amyris Renewable Products, and (ii) provide other Brazilian sugar and ethanol ▇▇▇▇▇ with access to the Amyris Technology for the production of Amyris Renewable Products.
Amyris established operations in Brazil in March 2008 and now, through Amyris Brasil, is expanding those operations for the purpose of (i) acquiring an interest in certain sugar and ethanol assets in Brazil and converting a portion of the production capacity of such assets to the production of Amyris Renewable Products, and (ii) providing other Brazilian ▇▇▇▇▇ with access to the Amyris Technology.
To the best of AB’s knowledge and belief, after having carried out any investigation required by law, (i) AB owns or has been granted all necessary Intellectual Property rights to conduct it business as currently conducted, and (ii) use of the Amyris Technology by AB will not infringe the intellectual property rights of any third party.
The IP License Agreement shall have an initial term of twenty (20) years commencing the date the Company begins commercial manufacture of the farnesene or other product manufactured by the Company with Amyris Technology subject to a limitation with respect to each specific Patent included in Amyris Technology, the Company Improvements or Joint Improvements, by the life of such Patent.
The above-mentioned IP License Agreement between Amyris Brasil and the Company shall (i) be executed on royalty-free, non-exclusive and non-assignable basis and without the right to sublicense, and (ii) grant the Company the right to use all of Amyris Brasil’s right, title and interest in and to the Amyris Technology at the JV Plant for the manufacture of the farnesene.
The foregoing indemnification shall subject to standard notification provisions and standard limitations on Claims which are unrelated to the Amyris Technology or related to modifications to the Amyris Technology not previously approved in writing by Amyris.
The IP License Agreement may be renewed by Amyris Brasil and the Company for additional terms if the JV Agreement is renewed, subject to a limitation with respect to each specific Patent included in Amyris Technology, the Company Improvements or Joint Improvements, by the life of such Patent.
Amyris shall grant USM the right to implement the Amyris Technology at a second industrial facility for the production of Amyris Renewable Products from sugar cane syrup obtained from crushing of up to 2,000,000 (two million tons) of sugar cane per year.
In the event either Party becomes aware of any activity that infringes or is likely to infringe the Amyris Technology, the Company Improvements or the Joint Improvements, that Party will notify the other Party promptly in writing of the actual or threatened infringement.
In the event the Company is estopped or otherwise prevented by law, regulation or court order from exercising its rights to use the Amyris Technology as contemplated herein, such situation shall constitute a Material Adverse Impact as defined in the JV Agreement.