Exclusive Term definition

Exclusive Term means the Initial Exclusive Term and any period during which the Initial Exclusive Term or any renewal thereof is extended pursuant to Section 6.2;

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Exclusive Term means the period as defined in Section 4.1.

Exclusive Term means any period during the Term that is neither the Co-Exclusive Term nor the Non-Exclusive Term.

Examples of Exclusive Term in a sentence

• If during the Exclusive Term, or within twelve (12) months after the date of termination or expiration of the Engagement Letter, no Closing has occurred, the Company sells securities to investors introduced to the Company by the Underwriter or its Affiliates prior to such termination or expiration, then the Company shall pay to the Underwriter, at the time of each such sale, the compensation, set forth in Section 1(a) above, with respect to any such sale.

• If during the Exclusive Term, or within twelve (12) months after the date of termination or expiration of this Agreement, no Closing has occurred, the Company sells securities to investors directly introduced to the Company by the Underwriter on behalf of the Company, then the Company shall pay to the Underwriter, at the time of each such sale, the compensation, including the warrants, set forth in Section 1(a) above, with respect to any such sale.

• If during the Exclusive Term, or within twelve (12) months after the date of termination or expiration of the Engagement Letter, no closing has occurred, the Company sells securities to investors introduced to the Company by the Underwriter or its Affiliates prior to such termination or expiration, then the Company shall pay to the Underwriter, at the time of each such sale, the compensation, set forth in Section 1(a) above, with respect to any such sale.

• If during the Exclusive Term, or within twelve (12) months after the date of termination or expiration of the Engagement Letter, no Closing has occurred, the Company sells securities to investors who become aware of or become known to the Company prior to such termination or expiration, then the Company shall pay to the Underwriter, at the time of each such sale, the compensation, including the warrants, set forth in Section 1(a) above, with respect to any such sale.

• If during the Exclusive Term, or within six (6) months after the date of termination or expiration of this Agreement, no Closing has occurred, the Company sells securities to investors who become aware of or become known to the Company prior to such termination or expiration, then the Company shall pay to the Underwriter, at the time of each such sale, the compensation, including the warrants, set forth in Section 1(a) above, with respect to any such sale.

• The Exclusive Term shall thereafter automatically renew for consecutive additional periods of one (1) year (each of which, for greater certainty, shall constitute an Exclusive Year) if, in respect of the then-current Exclusive Year, Path 1 has received Aggregate Annual Fees equal to or greater than the minimum Aggregate Annual Fees requirement applicable to each such Exclusive Year.

• If during the Exclusive Term, or within twelve (12) months after the date of termination or expiration of the Engagement Letter, no Closing has occurred, the Company sells securities to investors introduced to the Company by the Underwriter in writing prior to such termination or expiration, then the Company shall pay to the Underwriter, at the time of each such sale, the compensation, set forth in Section 1(a) above, with respect to any such sale.

• Each Party will promptly notify the other Party of any suspected infringement by a third party of Licensed Anoto IP in the Exclusive Field during the Exclusive Term.

• ABC XYZ agrees to disclose to ABC all Improvements which XYZ obtains, discovers or develops during the Exclusive Term which XYZ has the right to disclose and license without payment to any Third Party.

• Licensor grants full exclusive use of his family history to Licensee for the purposes of marketing the licensed Recipes during the Exclusive Term of this Agreement.

More Definitions of Exclusive Term

Exclusive Term means the period that commences on the date of this Agreement and continues until terminated as provided in paragraph 3 herein or December 31st of 2008.

Exclusive Term means that time period ending ten (10) years after sales of ORAL PRODUCT have occurred in the United States of America, in the Europe Economic Community and in Japan or (ii) December 31, 2007, whichever date is earlier, unless earlier terminated pursuant to the provisions of ARTICLE X of this AGREEMENT; provided that, unless early termination pursuant to ARTICLE X occurs, the TERM of this AGREEMENT may be extended for successive five (5) year periods, upon the mutual agreement of LICENSEE and LICENSOR.

Exclusive Term shall have the meaning set forth in Section 4.1 of this Agreement.

Exclusive Term shall consist of an initial contract period commencing on signature hereof and expiring months from the global commercial release of the Product Commitment for the initial period (the “Initial Period”), plus 3 irrevocable option periods to extend the Exclusive Term (the “Second Period”, “Third Period” and “Fourth Period”) exercisable as set out below and expiring 6 months after the global commercial release of the applicable Product Commitment for the Period.