Option Territories definition

Option Territories means the territories which are the subject of the Options; Participation has the meaning given in clause 17.1;
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Option Territories means those territories that are not Lundbeck Territories, Prana Territories and PNG Territories. 1.15 Other Product(s) means any product containing either CQ or PQ, that, or the use of which, is covered by the claims of the PNG Patent Rights. 1.16 Party means PNG or Prana; Parties means PNG and Prana. 1.17 Patent Right means any patent or patent application and all substitutions, renewals, divisionals, continuations, continuations-in-part (with respect to the Assigned Patent Rights to the extent any such continuation-in-part was filed as of the Effective Date), resulting patents, reissues, reexaminations, extensions, and refilings thereof and rights to xxx for infringement thereof, past and present. 1.18 Permitted Transferee means Michel Xilinas.
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Option Territories means Europe and/or Asia, as applicable. ------------------
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Examples of Option Territories in a sentence

  • Schedule 2.2(a) lists all Patent Rights in the Lundbeck Territories as of the Effective Date (to be updated pursuant hereto), and Schedule 2.2(b) lists all Patent Rights in the Option Territories as of the Effective Date (to be updated pursuant hereto).

  • PNG agrees that as of the Effective Date, and at any time prior to the exercise by Lundbeck of its option to obtain a license to market one or more Other Products in certain territories under the Lundbeck Agreement (the "Lundbeck Option"), Prana and Lundbeck can directly negotiate a deal resulting in Lundbeck not exercising the Lundbeck Option in all or part of the Option Territories as stipulated in the Lundbeck Agreement, subject to the terms of the Lundbeck Agreement.

  • In the event Lundbeck does not elect to exercise its option to obtain a license to market one or more Other Products in any country within the Option Territories pursuant to Section 3 of Addendum I and Addendum II of the Lundbeck Agreement, PNG shall notify Prana in writing of such rejection within thirty (30) days.

  • If VERTEX exercises the Bulk Commercial Supply Option set forth in Section 4.2, the supply price for a unit of Bulk Drug Substance supplied by VERTEX for the manufacture of a Drug Product sold in the Supply Option Territories shall be determined as a fraction (the "Applicable Percentage," as determined below) of the Net Sales price of Drug Product sold in the Supply Option Territories containing an equivalent unit of Bulk Drug Substance.

  • If VERTEX exercises the Bulk Commercial Supply Option, SCHERING, its Affiliates, sublicensees and marketing partners shall purchase all of their respective requirements of Bulk Drug Substance from VERTEX for manufacture of Drug Product for sale in the Supply Option Territories.

  • Such royalties shall equal fifteen percent of aggregate total Net Sales of Licensed Product by VaxGen and its sublicensees on a country-by-country basis (including the Option Territories if Genentech does not timely exercise its option to market in the Option Territories).

  • The Option FCC Licenses held by the Nextel License Subsidiary as of the Restatement Effective Date are set forth on Schedule V and such Option FCC Licences, together with additional spectrum licenses related to the Option Territories to be purchased with the proceeds of the Term-C Loans, are all of the Option FCC Licenses necessary to construct, install and develop the Network, and to operate those portions of the Network for which development has been completed, in the markets listed on Schedule V.

  • LocationsIn 2017, there were 114 drop-off locations within Newfoundland and Labrador.9 Of these, seventy-two are RMC branded locations, and the remaining 42 are return-to-retail locations.

  • InhibRx, or Chiesi, as applicable, will inform the Joint Steering Committee immediately if it learns of any enabling technologies that are reasonably necessary for the Development or Commercialization of the Product in the Option Territories.

  • For purposes of the research and development of Products, PNG hereby provides Prana and its licensees, sublicensees, agents, collaborators and designees a covenant not to xxx on the PNG Patent Rights which would otherwise prevent Prana and/or its licensees, sublicensees, agents, collaborators and designees from researching and/or developing Products in the PNG Territories, Option Territories and/or the Lundbeck Territories.


More Definitions of Option Territories

Option Territories means the European Option Territories and the Non-European Option Territories, and Option Territory shall mean any of them;
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Option Territories means those territories that are not Lundbeck Territories, Prana Territories and PNG Territories.
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Option Territories is defined in the fourth recital.
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Related to Option Territories

  • Territories means territories, including territorial waters;

  • Union territory means the territory of—

  • Territory means worldwide.

  • Licensed Territory means worldwide.

  • Service Territory means the geographic area within which PG&E as a Utility Distribution Company is authorized and required to provide electric transmission and distribution service.

  • Restricted Territories means (i) Cuba, Sudan, Iran, North Korea, Syria and the territory of Crimea/Sevastopol; and (ii) any other country or territory that is subject to sanctions by the United Kingdom, the European Union, the U.S., United Nations or elsewhere.

  • U.S. Territory means American Samoa, the Commonwealth of the Northern Mariana Islands, Guam, the Commonwealth of Puerto Rico, or the U.S. Virgin Islands.

  • Major Market Countries means [***].

  • Exclusive Territory means (1) the states of Illinois, Wisconsin, and Indiana; and

  • Geographic Territory shall include any territory formally assigned to Employee as well as all territories in which Employee has provided any services, sold any products or otherwise had responsibility at any time during the eighteen (18) month period preceding Employee’s date of separation;

  • the Territory means the sub-Saharan Continent, south of the 15N latitude.

  • Major Countries means Canada, France, Germany, Italy, Japan, Spain, United Kingdom and the United States.

  • Union territory tax means the Union territory goods and services tax levied under the Union Territory Goods and Services Tax Act;

  • Sales territory means an area of exclusive sales responsibility for the brand or brands of beer sold by a supplier as designated by an agreement.

  • Licensed service area means the geographic area in which

  • Nondesignated country end product means any end product that is not a U.S.-made end product or a designated country end product.

  • Licensed Field means [***].

  • 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.

  • geographical indication , in relation to goods, means an indication which identifies such goods as agricultural goods, natural goods or manufactured goods as originating, or manufactured in the territory of a country, or a region or locality in that territory, where a given quality, reputation or other characteristic of such goods is essentially attributable to its geographical origin and in case where such goods are manufactured goods one of the activities of either the production or of processing or preparation of the goods concerned takes place in such territory, region or locality, as the case may be.

  • Coverage territory means the United States of America (including its territories and possessions), Puerto Rico and Canada.

  • Licensed Compounds means: (a) Research Program Active Compounds; (b) Novartis Active Compounds; (c) salts, hydrates, solvates, esters, metabolites, intermediates, stereoisomers and polymorphs of Research Program Active Compounds or Novartis Active Compounds; and (d) prodrugs of Research Program Active Compounds or Novartis Active Compounds (any of the foregoing, a “Licensed Compound”).

  • 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.

  • Competing Products means any product or service in existence or under development that competes with any product or service of the Company Group about which the Participant obtained Confidential Information or for which the Participant provided advisory services or had sales, origination, marketing, production, distribution, research or development responsibilities in the last twenty-four (24) months of employment with the Company Group.

  • Major Market Country means one or more of the following: Canada, France, Germany, Italy, Japan, Spain, Switzerland, United Kingdom, and United States of America.

  • Major Markets means [***].

  • Licensed Fields of Use means the fields of use identified in Appendix B.