Asset License definition

Asset License means the license for the Supplier to locate Equipment on a specific Asset, and to alter, renew and replace such Equipment, which is granted in accordance with the terms of this Agreement;
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Asset License means any transaction (including licensing and collaboration transactions and joint ventures involving a license or sublicense, but excluding any Change of Control of Cypress) pursuant to which rights under the Cypress Technology, Cypress Product Invention Technology and/or Alexza Technology to commercialize any Product are licensed or sublicensed by Cypress or any of its Affiliates to any Third Party; provided, however, that any such license or sublicense solely to manufacture or develop any Product for Cypress or its Affiliate where Cypress or its Affiliate commercializes such Product shall not be an Asset License.
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Examples of Asset License in a sentence

  • If Kyorin desires to obtain a license to exercise the Urology Rights (“Urology Asset License”), Kyorin shall, within sixty (60) days after the date of the last receipt of such data and information (which date shall not be extended by subsequent questions or requests from Kyorin), submit to Urovant a non-binding term sheet proposing the basic terms for such Urology Asset License.

  • Contractor shall also provide associated design and configuration to implement County use of the IT Asset Contract Management and Software Asset License Management modules and provide services to complete Phase 1 enhancements, each as defined in Exhibit D (Phase II Statement of Work).

  • If the Parties fail to enter into a definitive agreement for the Urology Asset License by the end of the ninety (90) day good faith negotiation period, Urovant shall have the right to negotiate and enter into such a definitive agreement with any Third Party without bearing further obligations to Kyorin.

  • If Cypress completes an Asset Sale or Asset License [...***...] after the occurrence of any such event, Alexza shall no longer have any right to terminate this Agreement under this Section 11.2(a).

  • In the event that Cypress makes any payments to Alexza pursuant to Section 6.1 using non-cash consideration, Cypress shall use its good faith efforts to limit any restrictions applicable to Cypress or any of its Affiliates, as applicable, or Alexza on selling, assigning or otherwise transferring such non-cash consideration to commercially reasonable restrictions, appropriate to the circumstances of the applicable Asset Sale or Asset License.

  • The Named Asset License is solely for the use of the Customer’s particular named asset.

  • For purposes of calculating any Asset License Consideration received by Cypress or any of its Affiliates, to the extent the consideration received consists of property other than cash, such non-cash consideration shall be valued at the fair value of that property, as determined in good faith by the Board of Directors of Cypress, as of the date on which Cypress or any of its Affiliates receives such non-cash consideration.

  • Immutable may only exercise the Licensee Brand Asset License upon Licensee’s prior written approval in each instance.

  • No pro-rated refunds shall be given by the Authority to the Supplier if an Asset License is terminated in the course of that year, except where the Authority terminates on notice under Clause 8.5 (Force Majeure) or the Supplier terminates under Clause 8.1 (Material Breach).

  • Neither ▇▇▇▇▇▇▇ Corporation nor CIC is in material breach of any of the agreements described in Sections 1.4, 1.6, and 1.11 or the Additional Biotechnology Asset License Agreements (collectively, the "▇▇▇▇▇▇▇ Agreements").