Examples of Outstanding Liability in a sentence
The portion of the Running Royalty Deferrable exceeding the Outstanding Liability Due shall be registered into the Outstanding Liability and deferred to the next reporting period.
Upon expiration of the latest Licensed Patent to expire, Licensee shall pay the Final Outstanding Liability Payable within fifteen (15) days from issuing date of the respective invoice from Licensor.
Upon termination or expiration of the Agreement, where the Agreement is not renewed or extended, and unless Section 3.2 applies, the entire remaining Outstanding Liability shall be paid by Licensee within fifteen (15) days from issuing date of the respective invoice from Licensor.
In the event of an uncured material breach of Licensee, giving Sisvel the right to a termination as permitted under Section 6.4 of the Agreement, the full payment of the Outstanding Liability shall become payable by Licensee within fifteen (15) days from issuing date of the respective invoice from Licensor.
Licensee shall pay the Outstanding Liability Payable within fifteen (15) days from issuing date of the respective invoice from Licensor.
Upon receipt (a) of the full statement from Licensee as indicated in Section 4.1 of the Agreement, and (b) of the Market Data from Market Data Supplier, Licensor shall calculate the Outstanding Liability Due, in accordance with Section 1.11, and the Outstanding Liability Payable, in accordance with Section 1.12.