Proceeding Party definition

Proceeding Party has the meaning set forth in Section 10.05.
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Proceeding Party means that Party that is not an Opting Out Party with respect to a Compound either in the entire Territory or in one or more specific countries therein.
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Proceeding Party means the Party that is not an Opting Out Party with respect to the development or marketing of a Compound either in the entire Territory or in one or more specific countries therein.
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Examples of Proceeding Party in a sentence

  • The Non-Proceeding Party shall execute an assignment to vest ownership of the identified Project Technology in the Proceeding Party.

  • If one Party is an Opting Out Party with respect to such Marketed Compound, any trademarks shall be owned by the Proceeding Party.

  • The Proceeding Party agrees to save, defend and hold the Opting Out Party harmless from and against any and all Losses to the extent that such factual allegations forming the primary basis for such Losses occurred after the Party became an Opting Out Party with respect to that Compound and/or country.

  • The Opting Out Party shall provide reasonable cooperation to the Proceeding Party, and the Proceeding Party shall reimburse the Opting Out Party its reasonable out-of-pocket expenses.

  • The Proceeding Party shall assume control of the defense of the potential Losses (including without limitation the right to settle the claim).

  • The license shall be in all countries of the Territory in which Opting Out has been deemed to occur, and shall be subject to a royalty as set forth in Section 6.1. The Opting Out Party shall comply with reasonable requests for cooperation by the Proceeding Party, and the Proceeding Party shall reimburse the Opting Out Party for reasonable out-of-pocket expenses incurred with respect to such cooperation.

  • In the event a Party becomes an Opting Out Party with respect to a Development Compound in its entirety or on a country-by-country basis, then the license granted by the Opting Out Party to the Proceeding Party shall be an exclusive license including as to the Opting Out Party, with the right to sublicense, to make, have made, use, import and sell such Development Compound under the Patents, Know-how, trademarks and copyrights regarding that Compound owned in whole or in part by the Opting Out Party.

  • If the identified Project Technology is the sole invention of employees of the Proceeding Party, then the Non-Proceeding Party shall retain no rights or ownership interest in such identified Project Technology.

  • In the event the inspection determines that royalties due Non-proceeding Party for any period have been underpaid by five percent (5%) or more, which underpayment has not since been remedied, then the Proceeding Party and/or its Affiliate, as applicable, shall pay for all costs of the inspection.

  • The Proceeding Party, at its sole discretion, shall own and prosecute such application(s) and shall maintain any patents derived therefrom.


More Definitions of Proceeding Party

Proceeding Party has the meaning set forth in Section 11.2.3(g).
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Proceeding Party has the meaning set forth in Section 5.2(c)(i). (mm)
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Proceeding Party shall have the meaning set out in clause 6.3.1.
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Proceeding Party means a Party that wishes to proceed with the Subsequent Study pursuant to Section 2.9.2 (Subsequent Study).
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Related to Proceeding Party

  • Proceeding means an action, claim, suit, investigation or proceeding (including, without limitation, an informal investigation or partial proceeding, such as a deposition), whether commenced or threatened.

  • Defending Party has the meaning set forth in Section 14.2.3.

  • Initiating Party means a party who gives notice under section 2 of this Schedule;

  • ADR Proceeding means either an Arbitration or a Mediation.

  • Legal Proceedings means any judicial, administrative or arbitral actions, suits, proceedings (public or private) or governmental proceedings.