Licensed Year definition

Licensed Year means the year commencing with the Effective Date hereof and each anniversary year thereafter.
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Licensed Year means each calendar year during the term of this Agreement except that the first Licensed Year shall be the period from and including the Effective Date up to and including 31 December 2004 and the last Licensed Year shall be the period from and including 1 January in the last Licensed Year up to and including the termination date, and "LICENSED YEARLY" shall be construed accordingly;
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Licensed Year means each calendar year during the term of this Agreement except that the first Licensed Year shall be the period from and including the Effective Date up to and including 31 December 2004 and the last Licensed Year shall be the period from and including 1 January in the last Licensed Year up to and including the termination date, and "Licensed Yearly" shall be construed accordingly;
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Examples of Licensed Year in a sentence

  • In considering what might be an appropriate reduction to Minimum Net Wholesale Sales the parties shall have regard to the proportion of the Actual Net Wholesale Sales sold in the prior Licensed Year by the relevant Retailer.

  • Such Approval for the first Licensed Year is solely on the basis that he is a consultant of LVMH (as such term is defined in schedule 3) and such appointment shall not constitute a breach of clause 3.1 of the LVMH Agreement, for the purposes of which he shall, for the duration of such Approval only, be deemed to be an LVMH Representative.

  • In the event that the Licence Fee paid by the Licensee to Burberry in any Licensed Year ("Received Fee") is less than the Minimum Licence Fee, the Licensee shall remit to Burberry within ninety (90) days of the later of the end of such Licensed Year or such date that the difference between the Received Fee and the Minimum Licence Fee for such Licensed Year has been determined.

  • LICENSOR hereby acknowledges receipt of the Annual Minimum Royalty Payment for the Licensed Year starting November 1, 1998 prior to execution of this Agreement.

  • Carrera shall inform the Licensee in writing 10 (ten) months before the expiry of the sixth Licensed Year.

  • Continuing Minimum Annual Royalty Payments of Ninety-five Thousand Dollars ($95,000.00) payable beginning with the Licensed Year starting November 1, 2010, as long as at least one unexpired patent remains on Schedule A.

  • For the purpose of this Appendix A only, `Annual' means at the end of each Licensed Year and `Annually' shall be construed accordingly.

  • It creates channels of communication, a positive impression and the conveying of different perspectives which may not be achieved through more conventional forms of diplomacy.

  • Such Supplementary Advertising Spend shall be in addition to the Advertising expenditure calculated in accordance with clause 15.1 above for that Licensed Year.

  • A Minimum Royalty of One Million One Hundred Forty Thousand Dollars ($1,140,000.00) payable in twelve Annual Minimum Royalty Payments of Ninety-five Thousand Dollars ($95,000) to be paid within thirty (30) days of the beginning of each Licensed Year beginning with the Licensed Year starting November 1, 1998 and the twelfth Payment being made within thirty (30) days of November 1, 2009.


More Definitions of Licensed Year

Licensed Year means each full year, commencing as of the LTO Date (as defined below), and up to eight (8) consecutive years, regarding which no later than 30 days from the commencement of such year, XTL has paid Licensor a fee ("Annual License Fee") equal to forty five thousand USD (45,000 USD) for the first of such years, and for every proceeding year a fee augmented by additional ninety thousand USD (90,000 USD) in relation to the fee of the previous year (i.e. in the second year the fee shall be one hundred and thirty five thousand US dollars (US$135,000) and so on).
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Licensed Year means each twelve (12) month period beginning on the Effective Date of this Agreement and, thereafter, on the anniversary date thereof.
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Licensed Year means each calendar year."
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Licensed Year means each calendar year during the term of this Agreement;
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Licensed Year means each full year, commencing as of the LTO Date (as defined below), and up to * consecutive years, regarding which no later than * days from the commencement of such year, XTL has paid Licensor a fee ("Annual License Fee") equal to * for the first of such years, and for every proceeding year a fee augmented by additional * in relation to the fee of the previous year (i.e. in the second year the fee shall be *and so on).
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Licensed Year as used herein, means a period of twelve (12) consecutive months commencing on November 1, 1998 or on any anniversary of said date occurring during the life or term of this agreement.
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Related to Licensed Year

  • Licensed Program means the executable processing programs of licensed information, which is composed of various modules in the Licensed Software package provided by the Licensor.

  • License year means the period of time for which a

  • Licensed Programs means, collectively, NeoSystems’ and any Third Party Vendor computer software programs to be provided to Client for use on certain hardware on Client’s premises or a third party’s premises as set forth in an Agreement. The Licensed Programs shall include any fixes, work-arounds, updates, revisions, modifications, enhancements and any derivative works that are provided to Client by NeoSystems under an Agreement.

  • Sales Year means the calendar year during which the Company sold Cigarettes in a Beneficiary State requiring the deposit of QEF Principal.

  • Licensed Product means a product or part of a product in the Licensed Field of Use: (A) the making, using, importing or selling of which, absent this license, infringes, induces infringement, or contributes to infringement of a Licensed Patent; or (B) which is made with, uses or incorporates any Technology.

  • Licensed Service means a service provided using Licensed Products or Licensed Methods, including, without limitation, any such service provided in the form of contract research or other research performed by Licensee on behalf of a third party.

  • Licensed Nurse means an Oregon licensed practical or registered nurse.

  • Royalty Product means, either (a) an Alnylam Royalty Product, or (b) an Inex Royalty Product.

  • Program Year means the annual period beginning January 1 and ending December 31.

  • Royalty Year means, (i) for the year in which the First Commercial Sale occurs (the “First Royalty Year”), the period commencing with the first day of the Calendar Quarter in which the First Commercial Sale occurs and expiring on the last day of the Calendar Year in which the First Commercial Sale occurs and (ii) for each subsequent year, each successive Calendar Year.

  • Licensed producer means an agent, broker, or reinsurance intermediary licensed pursuant to the applicable provision of the insurance law of any jurisdiction.

  • Licensed Processes means processes which, in the course of being practiced, would be within the scope of one or more claims of the Licensed Patent Rights that have not been held unpatentable, invalid or unenforceable by an unappealed or unappealable judgment of a court of competent jurisdiction.

  • Licensed service area means the geographic area in which

  • Calendar Year means each successive period of twelve (12) calendar months commencing on January 1 and ending on December 31, except that the first Calendar Year of the Term shall commence on the Effective Date and end on December 31 of the year in which the Effective Date occurs and the last Calendar Year of the Term shall commence on January 1 of the year in which the Term ends and end on the last day of the Term.

  • Licensed Process means a method, procedure, process, or other subject matter whose practice or use is Covered By any claim or claims included within the Patent Rights or uses Technology Rights.

  • Program Period means the period of time which the department intends to support the program without requiring the recompetition for funds. The program period is specified within the grant application.

  • Licensed Products means tangible materials which, in the course of manufacture, use, sale, or importation, would be within the scope of one or more claims of the Licensed Patent Rights that have not been held unpatentable, invalid or unenforceable by an unappealed or unappealable judgment of a court of competent jurisdiction.

  • Research Period means the research period as described in the Commissioned Research Plan. In accordance with the provisions of this Agreement, in the event that the Agreement ended prior to the completion date of the research originally set, the date the Agreement ends shall be read as the research period.

  • Contract Quarter means a three-month period that commences on January 1, April 1, July 1 or October 1 and ends on March 31, June 30, September 30, or December 31, respectively.

  • Diagnostic Product means any test or assay for diagnosing or detecting a disease, disorder, medical condition, or symptom.

  • Collaboration Product means a pharmaceutical product containing or comprising Compound in any dosage form alone, or in combination with, one or more other pharmaceutically active ingredients, and any and all Improvements thereto.

  • Relevant Year t means the Financial Year for the purposes of which any calculation falls to be made; "Relevant Year t-1" means the Financial Year preceding Relevant Year t, and similar expressions shall be construed accordingly;

  • Collaboration Term has the meaning set forth in Section 2.1(h).

  • Licensed Services means all functions performed by the Licensed System.

  • License Period means the period beginning from the Commencement Date and ending on the Termination Date.

  • Promotion Period means the period the Promotion is open, as specified in clause 5.1.