Future Rights definition
Examples of Future Rights in a sentence
The Contractor hereby assigns absolutely any benefit, right, title and interest the Contractor may have in the Future Rights to the Principal.
Each Pledgor hereby authorizes the Secured Party to attach each Pledge Amendment to this Agreement and agrees that all Pledged interests listed on any Pledge Amendment delivered to the Secured Party shall for all purposes hereunder be considered Pledged Collateral and such Pledgor shall be deemed to have made the representations and warranties set forth in Section 5 hereof with respect to Future Rights.
As security for the prompt payment and performance of the Secured Obligations in full when due, whether at stated maturity, by acceleration or otherwise (including amounts that would become due but for the operation of the automatic stay under Section 362(a) of Title 11 of the United States Code), Pledgor hereby delivers, pledges, and grants to Secured Party a continuing first priority security interest in the Pledged Collateral, the Future Rights and the Proceeds.
If Licensee declines or fails to pursue, or if the parties fail to conclude negotiations for an exclusive license to, such Future Rights during the […***…] specified above (or such longer period as may be agreed to in writing by the parties), then CSMC shall have the right to commence discussions with any other party concerning such Future Rights.
At the termination of Executive’s employment with the Company for any reason, Executive shall return all of the Company’s documents, data, or other Company property to the Company and shall not retain any copies of such property, in any form (tangible or intangible), without the express written consent of the Company..