ML Rights definition

ML Rights means all of Mr. Lube’s right, title and interest, in and to the ML Marks and the ML Works.
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Examples of ML Rights in a sentence

  • The Company granted Mr. Lube the licence to use the ML Rights for a term ending on August 19, 2114 in exchange for a royalty payment initially equal to 6.95% of system sales of Mr. Lube locations in the royalty pool (the “Mr. Lube Royalty Pool”).

  • The Company granted Mr. Lube the licence to use the ML Rights for a term ending on August 19, 2114 in exchange for a royalty payment initially equal to 6.95% of system sales of Mr. Lube locations in the royalty pool (the “Mr. Lube Royalty Pool”).Substantially all of the Company’s operating revenues are earned from the receipt of royalties and management fees from its Royalty Partners.

  • For the reasons indicated above, or by mutual agreement, should the State cease paying the 6% pickup and provide a salary increase for eligible bargaining unit employees during the term of the Agreement, bargaining unit employees’ 6% contributions to their PERS accounts shall be treated as “pre-tax” contributions pursuant to Internal Revenue Service Code, Section 414(h)(2).

  • The Company granted Mr. Lube the licence to use the ML Rights for a term ending on August 19, 2114 in exchange for a royalty payment initially equal to 6.95% of system sales of Mr. Lube locations in the royalty pool.Substantially all of the Company’s operating revenues are earned from the receipt of royalties and management fees from Franworks, Sutton and Mr. Lube.

  • September 30,December 31,20182017 Mr. Lube $ 1,267 In connection with the acquisition of the ML Rights, ML LP issued 100,000,000 Class B, Class C, Class D, Class E, and Class F units to Mr. Lube.

  • ML LP licensed the ML Rights to Mr. Lube for 99 yea rs, in exchange for a royalty payment equal to 6.95 % of the system sales (the Mr. Lube Royalty Rate ) of Mr. Lube loc ations in the Mr. Lube Royalty Pool.

  • The ML Term Loan and ML Line of Credit are secured by the ML Rights and the royalties payable by Mr. Lube under the Mr. Lube Licence and Royalty Agreement.

  • The deferred tax liability is largely associated with the temporary differences on the Company’s eligible capital expenditures related to the FW Rights, Sutton Rights, and ML Rights, which has a tax cost base of approximately $183.5 million (December 31, 2015 - $183.3 million).

  • ML Royalties Limited Partnership ML LP is a limited partnership formed by the Corporation under the laws of the Province of British Columbia on July 22, 2015 for the initial purpose of acquiring the ML Rights pursuant to the ML Acquisition Agreement.

  • ML Rights AIR MILES SGRS Rights MRM Rights Oxford Rights Total Balance, December 31, 2019 $ 152,327 $ 53,977 $ 32,273 $ 43,210 $ - $ 281,787Additions 661 - - - 44,354 45,015Impairment - - - (19,841) - (19,841) Balance, June 30, 2020 $ 152,988 $ 53,977 $ 32,273 $ 23,369 $ 44,354 $ 306,961 8.

Related to ML Rights

  • Original Rights shall have the meaning set forth in the definition of "Beneficial Owner" above.

  • Call Rights As defined in Section 9.01(f).

  • Step-In Rights means the right of one party to assume an intervening position to satisfy all terms of an agreement in the event the other party fails to perform its obligations under the agreement.

  • Moral Rights means any right to claim authorship of a work, any right to object to any distortion or other modification of a work, and any similar right, existing under the law of any country in the world, or under any treaty.

  • Preemptive Rights is defined in Section 4.8(b).

  • Rights means, with respect to any Person, warrants, options, rights, convertible securities and other arrangements or commitments which obligate the Person to issue or dispose of any of its capital stock or other ownership interests.

  • Mineral Rights mean the mineral and oil and gas rights, interest and leases, pipelines and pipeline rights of way situated on and under the Real Property.

  • Special declarant rights means rights reserved for the benefit of a declarant to:

  • Use Rights means the license terms and terms of service for each Product published on the Licensing Site and updated from time to time. The Use Rights supersede the terms of any end user license agreement that accompanies a Product. License terms for all Products are published in the Product Terms. Terms of service for Online Services are published in the Online Services Terms.

  • Termination of parental rights means the permanent elimination of all parental rights and duties, including residual parental rights and duties, by court order.

  • Membership Rights means all of the rights of a Member in the Company, including a Member’s: (a) Interest; (b) right to inspect the Company’s books and records; (c) right to participate in the management of and vote on matters coming before the Company; and (d) unless this Operating Agreement or the Certificate of Formation provide to the contrary, right to act as an agent of the Company.

  • Stock Purchase Rights means any warrants, options or other rights to subscribe for, purchase or otherwise acquire any shares of Common Stock or any Convertible Securities.

  • Commercial Rights means any and all rights of a commercial nature connected with the Event including, without limitation, broadcasting rights, sponsorship rights, merchandising and licensing rights, ticketing rights, promotional rights, catering and hospitality rights, New Media rights and interactive games rights;

  • Rights or Options means warrants, options or other rights to purchase or acquire shares of Common Stock or Convertible Securities.

  • Public Rights-of-Way means the area on, below, or above a public roadway, highway, street, public sidewalk, alley, waterway, or utility easements dedicated for compatible uses.

  • Governance Rights means all of a Member's rights as a Member in the Company other than Financial Rights and the right to assign Financial Rights.

  • Trade Secret Rights means the rights of an Assignor in any Trade Secret it holds.

  • Equity Rights means, with respect to any Person, any subscriptions, options, warrants, commitments, preemptive rights or agreements of any kind (including any shareholders’ or voting trust agreements) for the issuance, sale, registration or voting of, or securities convertible into, any additional shares of capital stock of any class, or partnership or other ownership interests of any type in, such Person.

  • Company Intellectual Property Rights means the Intellectual Property owned or used by the Company or any Company Subsidiary.

  • Preferential Rights means any right or agreement that enables any Person to purchase or acquire any Asset or any interest therein or portion thereof as a result of or in connection with (a) the sale, assignment or other transfer of any Asset or any interest therein or portion thereof, or (b) the execution or delivery of this Agreement or the consummation or performance of the terms and conditions contemplated by this Agreement.

  • Company Rights means the preferred stock purchase rights issued pursuant to the Company Rights Agreement.

  • Sui Generis Database Rights means rights other than copyright resulting from Directive 96/9/EC of the European Parliament and of the Council of 11 March 1996 on the legal protection of databases, as amended and/or succeeded, as well as other essentially equivalent rights anywhere in the world.

  • Surface Rights is defined in Section 2.2(h).

  • Company IP Rights means all Intellectual Property owned, licensed, or controlled by the Company or its Subsidiaries that is necessary for or used in the operation of the business of the Company and its Subsidiaries as presently conducted.

  • Registration Rights means the rights of the Holders to cause the Company to Register Registrable Securities pursuant to this Agreement.

  • Financial Rights means a Member's rights as a member of the LLC (a) to share in Net Income and Net Loss to the extent provided in this Agreement, and (b) to share in distributions to the extent provided in this Agreement.