Licensed Term definition

Licensed Term means the term of the license set out in the Proposal;

Licensed Term has the meaning set forth in Schedule 2;

Licensed Term this Agreement shall remain effective for a term of one year commencing from the date of effectiveness (the “Initial Licensed Term”), and shall be extended automatically for another term of one year upon the expiration of the Initial Licensed Term subject to Party A’s consent, so on and so forth.

Examples of Licensed Term in a sentence

• This paragraph shall survive expiration or termination of the Licensed Term.

• If the Licensed Term is automatically extended as defined in Paragraph 1, each Licensor will be entitled to an additional warrant for an additional 10,000 shares of common stock exercisable at the fair market value of the common stock at the time of issuance of said additional warrant, and otherwise using the same terms as defined above.

• GreenOrbit grants the Customer a non- exclusive, non-transferable and limited license for the Customer and its Users to access and use the Licensed Software during the Licensed Term in accordance with this Agreement.

• Unless the Customer notifies GreenOrbit in writing of its intent not to renew this Agreement at least 60 days prior to the expiry of the Licensed Term, the Licensed Term automatically extends by successive period of 12 months.

• If LICENSEE’S Net Sales in the Territory do not reach the following dollar volume levels for each Year of the Licensed Term (hereinafter “Minimum Sales Volumes”), then LICENSOR shall have the right, but not the obligation, to terminate this Agreement: The Minimum Sales Volume shall be the greater of those figures established below or 75% of the average of the actual sales for the preceding two years.

More Definitions of Licensed Term

Licensed Term means a period of five (5) years beginning on the Effective Date.

Licensed Term means five (5) years from [the effective date of this Agreement].

Licensed Term means the period of five (5) years from the effective date of this Agreement.

Licensed Term means the period of time for which the Parties have agreed to conduct business, as outlined in the Payment Schedule.

Licensed Term means the period starting upon Participating Dealer’s acceptance of the Terms and Conditions up to the earliest of: (i) Interlogix’s termination of the Program in its entirety or the termination of Participating Dealer’s participation in the Program, or (ii) the date on which Participating Dealer no longer markets or sells Qualifying Interlogix Products and Services that bear a Licensed Mark.

Licensed Term means six (6) months from the Effective Date of this Addendum or until the termination or expiration of the Agreement, whichever is earlier.

Licensed Term. 1 year beginning July 1, 2003 and ending June 30, 2004. NUMBER OF TELECASTS: Unlimited.