Examples of Jet Product in a sentence
In the case of a Jet Go Decision, the Farnesane Diesel Product shall then cease to be a Product for the purposes of the Agreement and shall cease to be a JV Product, but the Farnesane Jet Product shall continue to be a Product and a JV Product.
In the case of a Jet Go Decision, JV Product shall include only (a) farnesene or farnesane for use in Jet Product and (b) Farnesane Jet Product and the Field thereafter shall no longer include diesel fuel applications but Farnesane Jet Product shall continue to be a JV Product.
If the JV Company uses the Jet Certification Materials to sell Farnesane Jet Product as certified, then the JV Company shall be obligated to repay to TOTAL and/or AMYRIS all documented amounts expended by such Party in generating the applicable Jet Certification Materials generated after the Second Amendment Date; provided however, for activities conducted by AMYRIS Brazil in furtherance of its business in Brazil, no reimbursement shall apply if the Brazil Business has been purchased by the JV Company.
If there is a Jet-Go Decision, then the restrictions in Section 2.2(d) regarding use of Collaboration IP in a project competing with the Biofene Development Project shall continue to apply to AMYRIS with respect to farnesene as the Lead Compound and Farnesane Jet Product as the Product.
Notwithstanding the provisions of Section 2.8(a) of the Agreement, the one-year period described in the first sentence of Section 2.8(a) shall not apply where farnesene is the Lead Compound and Farnesane Diesel Product or Farnesane Jet Product is the Product within the Biofene Development Project Scope.
In the event Total notifies Amyris that it has elected a Jet Go Decision, if not already created, Total and Amyris shall seek to form a JVCO pursuant to Article 3 hereof with respect to the Farnesane Jet Product only.
Any documentation and intellectual property generated by either Party in connection with activities conducted in order to certify the Farnesane Jet Product (the “Jet Certification Materials”) may be used, without charge (a) by AMYRIS to support its business development initiatives in Brazil, (b) by TOTAL.
Within thirty calendar days following the earlier of (i) the Project Completion Date and (ii) December 31, 2016 (the “Go Decision Date”), Total shall notify Amyris in writing whether it wishes to (x) make a No-Go Decision, which No-Go Decision shall have effects set forth in Section 2.2(a), (y) commence the Operational Phase (a “Go Decision”), or (z) make a No-Go Decision on the Farnesane Diesel Product and commence the Operational Phase with respect to the Farnesane Jet Product only (“Jet Go Decision”).
The Parties intend to jointly conduct the activities relating to certification (per ASTM or DefSTAN) of Farnesane Jet Product.
If there is a No-Go Decision or if the Biofene Development Project otherwise terminates by mutual agreement of the Parties, the restrictions set forth in Section 2.2(d) of the Agreement regarding use of Collaboration IP in a project competing with the Biofene Development Project having farnesene as the Lead Compound and Farnesane Diesel Product or Farnesane Jet Product as the Product shall not apply to AMYRIS with respect to any Collaboration IP developed under the Biofene Development Project.