Examples of IP Notice in a sentence
Licensee shall have sixty (60) days from its receipt of a New IP Notice to present to Licensor a commercially reasonable term sheet (“New IP Term Sheet”) for licensing the New IP.
If Licensee does not present such a New IP Term Sheet to Licensor sixty (60) days after receiving a New IP Notice, Licensee's rights with respect to such New IP shall lapse.
If within sixty (60) days from the receipt of the IP Notice, Holdings does not give Inc notice of Holdings’ intention to exercise the Option, the Option shall be deemed terminated.
If the Responding Party does not proceed to arbitration within six (6) months of the IP Notice Receipt Date, the Notifying Party shall be permitted to sell the Included ARA Products into any of the Responding Party’s XXX Xxxxxx of Use only after the date which is three (3) years after the IP Notice Receipt Date.
The date that the Responding Party receives such IP Notice shall hereinafter be referred to as the “IP Notice Receipt Date.” The Responding Party shall have the right to *The asterisk denotes that confidential portions of this exhibit have been omitted in reliance on Rule 24b-2 of the Securities Exchange Act of 1934.
If the Joint Steering Committee does not [***] whether an IP Notice reflects a matter [***] to [***] of any [***]Product, the matter may be [***] to [***] pursuant to Section [***].
Each Notice of Conversion or Continuation and each IP Notice shall be irrevocable.
The Agent shall promptly notify each Lender of its receipt of an IP Notice or a Notice of Conversion or Continuation and of the contents thereof.
If the Responding Party does not proceed to arbitration within six (6) months of the IP Notice Receipt Date, the Notifying Party shall be permitted to sell the Included ARA Products into any of the Responding Party’s AXX Xxxxxx of Use only after the date which is three (3) years after the IP Notice Receipt Date.
Any Related IP Notice shall be promptly delivered to Axcan by Mpex following Mpex’s good faith determination that such intellectual property has become Related IP (in no event more than 20 Business Days following such determination by Mpex) and shall describe such intellectual property in reasonable detail.