Licensor Approval definition

Licensor Approval is defined in Section 3.2.
Licensor Approval means either (i) the receipt by Licensees of written approval from Licensors or (ii) failure on the part of Licensors to respond within thirty (30) days after receipt by Licensors of a written request for approval by Licensees.
Licensor Approval shall have the meaning ascribed thereto in Section 2.4(f).

Examples of Licensor Approval in a sentence

  • If Purchaser did not obtain Licensor Approval prior to the expiration of the Study Period, this condition shall not be applicable to Purchaser.

  • Provided that Seller shall have paid all amounts due to Licensor that are accrued and unpaid under the License Agreement as of the Closing Date, Licensor shall be prepared to execute and deliver a new license agreement with Purchaser consistent with the Licensor Approval obtained during the Study Period.


More Definitions of Licensor Approval

Licensor Approval. If a representative of Licensor enters into this Agreement on Licensor’s behalf, and Licensor does not approve of its terms, Licensor has the right to cancel this Agreement, in writing, within 5 calendar days after its execution.
Licensor Approval has the meaning ascribed thereto at subsection 4.3;
Licensor Approval means the written approval, which approval shall not be unreasonably withheld, of Licensor prior to the commencement of the requested action. The time permitted for Licensor to submit its reasonable approval will be governed by the applicable provision of this Agreement.

Related to Licensor Approval

  • Prior Approval means written ap- proval by an authorized official evi- dencing prior consent.

  • CPUC Approval means a final and non-appealable order of the CPUC, without conditions or modifications unacceptable to the Parties, or either of them, which contains the following terms:

  • Registry Operator Approval means the receipt of each of the following: (A) the affirmative approval of the Applicable Registry Operators whose payments to ICANN accounted for two-­‐thirds of the total amount of fees (converted to U.S. dollars, if applicable, at the prevailing exchange rate published the prior day in the U.S. Edition of the Wall Street Journal for the date such calculation is made by ICANN) paid to ICANN by all the Applicable Registry Operators during the immediately previous calendar year pursuant to the Applicable Registry Agreements, and (B) the affirmative approval of a majority of the Applicable Registry Operators at the time such approval is obtained. For the avoidance of doubt, with respect to clause (B), each Applicable Registry Operator shall have one vote for each top-­‐level domain operated by such Registry Operator pursuant to an Applicable Registry Agreement.

  • Final Approval means the Court’s order granting final approval of the Settlement.

  • Initial approval means authorization to admit students and enter into contractual agreements for clinical facilities. It is granted only after an application has been submitted, reviewed and a survey visit made by the Board. No students shall be admitted to the program until the institution has received written notification that initial approval has been granted. Failure to comply will delay initial approval.

  • Final Approval Hearing means the hearing before the Court where the Parties will request the Final Judgment to be entered by the Court approving the Settlement Agreement, the Fee Award, and the incentive award to the Class Representative.

  • Regulatory Approval Application means any application submitted to an appropriate Regulatory Authority seeking any Regulatory Approval.

  • Licensing board means a party state's regulatory body responsible for issuing nurse licenses.

  • Final Approval Date means the date on which the Court enters the Final Order and Judgment.

  • Approval means the prior written consent of the Authority and "Approve" and "Approved" shall be construed accordingly;