Entitled Party definition

Entitled Party means the Company unless the Collateral Agent or the Company has given notice to the Subordinated Lender that the Collateral Agent has, on behalf of the Secured Parties and pursuant to the Collateral Agency Agreement or related documents, properly exercised its remedies to foreclose on the Company’s interest in any System Lease and receive payments pursuant to any System Lease directly from Sharyland, in which case the Entitled Party shall mean the Collateral Agent, acting for the benefit of the Secured Parties.
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Entitled Party shall have the meaning ascribed thereto in Section 4.1(a).
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Entitled Party has the meaning given to it in Clause 2.7.1(a).
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Examples of Entitled Party in a sentence

  • If the Parties do not enter in to a [***] If the Entitled Party does not exercise the Collaboration Option [***], the Developing Party shall have no further obligations to the Entitled Party under this Section 3.5. For the avoidance of doubt, a Collaboration Agreement shall not include [***] For clarity, [***].

  • If the Entitled Party desires to exercise the Collaboration Option, it shall give notice in writing to the Developing Party [***].

  • The Entitled Party shall have the right [***] (a) [***], (b) [***] and (c) [***] (the “Collaboration Option”).

  • If the Entitled Party elects to exercise the Collaboration Option, the Parties shall [***].


More Definitions of Entitled Party

Entitled Party has the meaning set forth in SECTION 4.1(a).
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Entitled Party means the Lead User, the User, the Lead User Institution or the User Institution in the meaning of the Framework, that is entitled to the ownership or the co-ownership of the IPR, in accordance with their contractual arrangements in particular resulting from the relationship of employment;
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Entitled Party means, a Person, other than the Seller, who provides Additional Property pursuant to the related Additional Property Agreement.
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Entitled Party has the meaning set forth in Section 3.3.
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Entitled Party means, at any time, the person who is entitled at such time to make claims under the Warranties under and in accordance with this Agreement, being the Initial Entitled Party or the person named as the new Entitled Party in any Replacement Entitled Party Notice delivered to the Manufacturer in accordance with this Agreement.
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Entitled Party means a Person, other than the Seller, providing Additional Property pursuant to the related Additional Property Agreement.
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Entitled Party means any party by whom objects of the acquired land are possessed or owned.
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