Examples of Initial Licenses in a sentence
The Parties agree that while additional Licenses may be granted from time to time pursuant to section 1.1 above, this Agreement does not obligate either Party to agree to any additional Licenses other than the Initial Licenses.
Full payment for the Initial Licenses shall occur immediately upon conversion of the Note under the terms thereof.
Each license covers one Licensed Product only and neither the Initial Licenses or the Additional Licenses are transferable from one Licensed Product to another.
In the event that Licensee fails to meet the Development Schedule (regardless of the month in which such noncompliance with the Development Schedule occurs), the Initial Licenses which Licensee has developed and opened for business shall remain unaffected; however, Licensee shall lose the right to develop the remaining Initial Licenses and Licensor shall, within such Facilities, have the right to provide (or contract with a third party to provide) services which may be competitive with Licensee’s services.
Prior hereto, members of the Nextel Group have assigned to License Co. the Initial Licenses.
Except for the MWP, all of Supplier’s rights of use and benefits as to the Initial Licenses categorized as RTU in Attachment 1 hereto will continue for the duration of the Agreement.
Within ten (10) business days following the date of execution of this Agreement (the “Initial Delivery Date”), Iconic will deliver to Parlux true and correct copies of the Initial Licenses, duly executed by Iconic and the respective Licensor for each License, which Licenses will be in the exact forms without change as are attached to Exhibit B.
For the avoidance of doubt, the Initial Licenses shall be operable during the Royalty Period notwithstanding any potential remedies issued in the Korean Actions.
SCHEDULE VI Initial Licenses Pledgor: _________________ Note: A separate sheet should be used for each Pledgor pledging Licenses.
At all times prior to the respective Closings, Sellers shall keep and maintain the Initial Licenses and the Subsequent License, as the case may be, current and in good standing, including without limitation, making any payment of principal, accrued interest, penalties or other indebtedness (if any) due to the FCC with respect to such Licenses on a timely basis.