Examples of Phosphorescent Material in a sentence
Universal Display acknowledges and agrees that, with respect to the Phosphorescent Material supplied by Universal Display to SMD under the Purchase Agreement, Universal Display shall have an obligation to indemnify SMD and its Permitted Sublicensees as set forth in the Purchase Agreement.
Nothing herein shall be construed as a license by Universal Display, express or implied, for SMD, any Permitted Sublicensee or any third party to manufacture and/or sell to SMD, such Permitted Sublicensee or any other person or entity any Phosphorescent Material or other OLED material covered by the Universal Display Patents or in which Universal Display otherwise has a proprietary interest.
In the event the parties agree that Phosphorescent Material is to be supplied [***], the parties agree that (1) Universal Display’s obligation to supply such Phosphorescent Material under this Agreement is fulfilled and met; and (2) such purchase shall count towards the minimum purchase commitment by SMD under this Agreement to the extent of the purchase payment actually received by Universal Display.
Universal Display acknowledge that any unilateral discontinuation of the supply of the Existing Phosphorescent Material to SMD may cause a harm to SMD that may not be compensable in monetary damages in so far as SMD’s manufacturing of the Licensed Products may be disrupted.
Nevertheless, Samsung SDI shall refrain from, and shall cause its Permitted Sublicensees to refrain from, encouraging other suppliers to make or develop Phosphorescent Material with the knowledge that the manufacture or development of such material shall use or need to use any Universal Display intellectual property right.
Nothing herein shall be construed as a license by Universal Display, express or implied, for Samsung SDI, any Permitted Sublicensee or any third party to manufacture and/or sell to Samsung SDI, such Permitted Sublicensee or any other person or entity any Phosphorescent Material or other OLED material covered by the Universal Display Patents or in which Universal Display otherwise has a proprietary interest.
Nevertheless, SDC shall refrain from, and shall cause its Permitted Sublicensees to refrain from, encouraging other suppliers to make or develop Phosphorescent Material with the knowledge that the manufacture or development of such material shall use or need to use any UDC intellectual property right.
Nothing herein shall be construed as a license by UDC, express or implied, for SDC, any Permitted Sublicensee or any third party to manufacture and/or sell to SDC, such Permitted Sublicensee or any other person or entity any Phosphorescent Material or other OLED material covered by the UDC Patents or in which UDC otherwise has a proprietary interest.
When SMD or any of its Permitted Sublicensees (i) [***] red and/or green Phosphorescent Material other than Phosphorescent Material being supplied by Universal Display as of the Effective Date (“New Phosphorescent Material”), SMD may at its sole discretion request Universal Display to supply SMD or the Permitted Sublicensee with such New Phosphorescent Material(s).
Except as may otherwise be specified in Exhibit A hereto, this minimum purchase commitment shall be irrevocable and unconditional, provided however that in the event that Universal Display is unable for any reason not due to SDC’s fault, [***] to supply Phosphorescent Material to SDC in sufficient quantity, consistent with SDC’s reasonable forecasts, to allow SDC to fulfill its minimum purchase commitment hereunder, SDC shall be relieved from the minimum purchase commitment to the extent of such inability.