Declining Party has the meaning assigned to such term in Section 2.19(b) hereof.
Declining Party has the meaning set forth in Section 13.4.2(c).
Declining Party means a Party that notifies the other Party(ies) that it elects to abandon particular Patent Rights or elects to not pay or to discontinue paying its Share of Patent Expenses for particular Patent Rights in accordance with Paragraphs 2.2, 2.3, 4.1(b) or 4.1(c), including declining to pay expenses in excess of the Patent Expense Cap set forth in the Transaction Terms, if any.
Examples of Declining Party in a sentence
If a Party elects to abandon particular Patent Rights or elects to not pay or discontinue paying its Share of Patent Expenses and thereby become a Declining Party, then the other Party(ies) may elect to (a) pay the Declining Party’s Share of Patent Expenses and the Agreement remains in force, or (b) terminate the Agreement by providing 30 days prior written notice.
More Definitions of Declining Party
Declining Party shall have the meaning set forth in Section 7.3(a)(iii).
Declining Party shall have the meaning set forth in Section 8.2.2.4.
Declining Party has the meaning set forth in Section 5.4(e).
Declining Party shall have the meaning as defined in Section 10.5;
Declining Party means an Other Institution that notifies the other Party(ies) that it elects to not pay or to discontinue paying its Share of Patent Expenses for particular Patent Rights in accordance with Sections 2.2, 2.3, 4.1(b) or 4.1(c), including declining to pay expenses in excess of the Patent Expense Notice Level set forth in the Transaction Terms, if any.
Declining Party has the meaning given in Clause 7.5.2; "Defaulting Investor" has the meaning given in Clause 6.3; "disclosing party" has the meaning given in Clause 5.3; "Effective Date" means the date upon which:
Declining Party has the meaning given in Clause 6.5.2; "Defaulting Investor" has the meaning given in Clause 5.3;