Commercial Term definition

Commercial Term means the term that begins when JNBridge receives the License Fee from Licensee and Licensee activates the Software, and continues thereafter in perpetuity unless either party terminates this Agreement in accordance with the terms herein.
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Commercial Term means the period of time commencing on the Option Effective Date and continuing uninterrupted until the later of (i) the expiration, invalidation of all claims of, or cancellation of the last to expire of the Patent Rights, or (ii) in the event Plant Variety Rights are granted for any plant variety that is a Licensed Product, the expiration, invalidation of all claims of, or cancellation of such Plant Variety Rights.
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Commercial Term means the period starting on the Commercial Operation Date and ending at the end of the Term.
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Examples of Commercial Term in a sentence

  • Parent is making the foregoing representation and warranty after consultation with its Tax counsel and with full knowledge of the terms of this Agreement, the Commercial Term Sheets and the Separation Principles.

  • The Company is making the foregoing representation and warranty after consultation with its Tax counsel and with full knowledge of the terms of this Agreement, the Commercial Term Sheets and the Separation Principles.

  • Letmegrab shall release the payment of the Seller Proceeds to the Seller within seven days from date of confirmation of delivery of Product to the Buyer, after deducting Letmegrab Fees, the Courier Fees, Payment Collection Fees, Fulfillment Centre Charges and any other applicable Fees and applicable taxes, as per the Commercial Term Segment.

  • Letmegrab may amend the terms and conditions of this Agreement including the Commercial Term Segment and the Letmegrab Policies at any time in its sole discretion by intimating Seller by way of notification on the Seller Panel and/or by sending an email to the email ID provided in the Seller Registration Form.

  • Xxxxxx agrees and acknowledges that Seller will pay Letmegrab, the Letmegrab Marketplace Fees, Courier Fees, Payment Collection Fees, Fulfillment Centre Charges, any other fees, and applicable service taxes on it, as provided in Commercial Term Segment, for all the orders received through Letmegrab.

  • Letmegrab shall have the right to amend the Letmegrab Fees percentage applicable to any Product as provided in the Commercial Term Segment, with notice of the same to Seller by way of an email and/or a notification on the Seller Panel detailing such modifications/ amendments/ revisions to the Letmegrab Fees.

  • Each arbitrator will render his or her decision based primarily on the terms set forth in the Commercial Term Sheets and secondarily on the basis of what is reasonable and customary in the relevant industries for agreements of the same type as the relevant Commercial Agreement.

  • TRADE TERMS: Whenever an International Commercial Term (Inco term) is used in this Contract, the same would be, interpreted in accordance with the International Commercial Term , 2010 subject to the judicial interpretation followed in India.

  • As used herein, the “Term” shall mean collectively the Development Feasibility Term (including any extension(s) thereof) and the Commercial Term (including any Extended Term(s)).

  • No later than the Commercialization Date, and for the remaining duration of the Commercial Term (as it may be extended), Company shall post or arrange for the posting of security funds in a manner and amount sufficient to ensure decommissioning of the Solar Facility and removal of the Solar Facility Equipment from the Leased Property consistent with the Decommissioning Cost Estimate, as it may be updated (“Decommissioning Security”).


More Definitions of Commercial Term

Commercial Term means any of the following: level of service; availability; output, including quantities of products produced or distributed or the amount or level of service provided; or rebates or discounts made available.
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Commercial Term means the economic terms of the contractual relationship as contained in the Form Order and agreed upon by the Parties.
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Commercial Term shall have the meaning set forth in Section 3.1.
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Related to Commercial Term

  • Commercial Terms means this Agreement excluding the Purchase Order;

  • Initial Term has the meaning set forth in Section 7.1.

  • License Term means the duration of a License as specified in the Order.

  • Academic term means a division of the school year during which a course of studies is offered, and includes a semester, quarter, or single consolidated summer term as defined by the institution.

  • Collaboration Term has the meaning set forth in Section 2.1(h).

  • Renewal Term has the meaning set out in Section 9.1.

  • Project Term the period from the Operation Commencement Date to the Expiry Date or the Termination Date, whichever occurs first, which is further described in Clause 3;

  • Research Term has the meaning set forth in Section 3.2.

  • Development Term means the period commencing on the Closing Date and ending on the earlier of (a) the Option Closing Date or (b) the date the Option terminates or expires other than by exercise.

  • Minimum Term means the minimum initial period of service for each Service as shown on the Service Agreement and Order Schedule, such period to start on the date on which the relevant Service is first made available to you for use. For the avoidance of doubt, unless otherwise agreed the minimum term will be 12 months from your contract commencement date or other such date as may be notified to you in accordance with paragraph 19.2.

  • Commercial Sale means the sale of Product (as indicated by shipment of Product) to an unaffiliated third-party of the Licensee, or of its sublicensee or distribution partner, such as a wholesaler, managed care organization, hospital or pharmacy and shall exclude (i) any transfer of Product by Licensee to its sublicensee, distribution partner or Affiliate and (ii) any distribution of Product for use in research, development, pre-clinical and clinical trials.

  • Extended Term shall have the meaning given such term in Section 2.4.

  • Royalty Term means, on a country-by-country basis, the period commencing on the First Commercial Sale of a Licensed Product in a country and ending on the latest of (a) ** thereafter, (b) expiration of the last-to-expire Valid Claim of a Licensed Patent that Covers the composition of matter of the Licensed Product in the country in which it is sold, or (c) the expiration of all Regulatory Exclusivity Rights with respect to such Licensed Product in the country in which it is sold.

  • Research Period means the research period as described in the Commissioned Research Plan. In accordance with the provisions of this Agreement, in the event that the Agreement ended prior to the completion date of the research originally set, the date the Agreement ends shall be read as the research period.

  • Exclusivity Period shall have the meaning set forth in Section 6.11.

  • Research Program Term has the meaning set forth in Section 2.2.

  • Patent Term Extension means any term extensions, supplementary protection certificates and equivalents thereof offering Patent protection beyond the initial term with respect to any issued Patents.

  • Agreement Term has the meaning set forth in Section 11.1.

  • Original Term shall have the meaning specified in Section 10 hereof.

  • Commercial Launch means the initial First Commercial Sale of a Product in the Territory.

  • Regulatory Exclusivity Period means, with respect to each Licensed Product in any country in the Territory, a period of exclusivity (other than Patent exclusivity) granted or afforded by Applicable Law or by a Regulatory Authority in such country that confers exclusive marketing rights with respect to such Licensed Product in such country or prevents another Person from using or otherwise relying on any data supporting the approval of the Drug Approval Application for such Licensed Product to support an application for regulatory approval of another product for any indication without the prior written consent of the Drug Approval Application holder.

  • Contract Term means period of performance set forth in the paragraph entitled “Term” contained in Exhibit E.

  • License Period means the period beginning from the Commencement Date and ending on the Termination Date.

  • Development Phase means the period before a vehicle type is type approved.

  • Renewal Period “Buyer” and “Default” have the same meanings respectively as they have in the Water Agreement.

  • Contract Term Extension means an extension of the term of this contract, at the request of Purchaser, under this Subsection. This Subsection does not obligate Contracting Officer to grant Contract Term Extension.