Permitted Licensee definition
Examples of Permitted Licensee in a sentence
As a condition of the grant of exclusivity and as a condition to any license grant by OSI to a Permitted Licensee hereunder, BISYS and OSI shall complete the documentation necessary for BISYS to make, and BISYS shall promptly thereupon make, the equity investment in OSI described in Schedule 4(e) to this Agreement.
If, during the term of this Agreement, OSI enters into a licensing agreement with a Permitted Licensee pursuant to and in accordance with subparagraph (a) hereof providing such entity with more favorable terms, then this Agreement will be deemed appropriately amended to provide such terms to BISYS, and OSI shall promptly provide BISYS with any refunds or credits thereby created; if applicable, calculated from the affective date of such other agreement(s).
Each Permitted Licensee shall be entitled to receive in connection with its performances all of the services which are to be provided under this Lease to LAPA in connection with Events presented by LAPA.
Licensee shall, and shall cause its Permitted Licensee to, cooperate in good faith with Licensor for the purpose of securing, preserving and protecting Licensor’s rights in and to the Licensed Trademarks.
In addition, the Seller (or its Permitted Licensee) shall use its commercially reasonable efforts to initiate, enroll patients in and complete clinical trials and thereafter use its commercially reasonable efforts to seek Marketing Approval in each of the Major Markets for the Product in Additional Indications.