Qualified Right definition

Qualified Right means that the Person being granted the right(s) described herein shall be entitled to exercise such right(s) so long as this Agreement is in effect, but the grantor of such right(s) shall be entitled to grant such right(s) or allow such right(s) to be exercised by all other Persons except a Person that is precluded from exercising such right(s) under the express terms hereof.
Sample 1Sample 2Sample 3

Examples of Qualified Right in a sentence

  • Subject to the further terms of this Agreement, Licensor hereby grants the following license rights to Covanta: Until Covanta has satisfied the two (2) conditions which are set forth in Section 2.1(a) (relating to the purchase of the Demonstration Plant and an additional five (5) Systems), Covanta shall have the Qualified Right in Territory A and Territory B to use, practice and make Improvements to the Technology in connection with Projects using any Feedstock.

  • In addition, Viva Biotech Shanghai shall provide an irrevocable bank guarantee of RMB640 million to the Vendor on the Completion Date, which shall secure the performance of the Vendors’ Qualified Right of Sale.

  • A Qualified Right Of Access To The FISC’s Key Legal Reasoning Will Support Public Accountability And Prevent GovernmentalOverreach 15CONCLUSION 20 TABLE OF AUTHORITIES[Redacted],402 F.

  • The Common Law and First Amendment Qualified Right of Public Access to Foreign Intelligence LawLaura K.

  • This court is bound to follow the law of the D.C. Circuit.D. Old Dominion Has a Qualified Right to Lay Fill and Construct Wharves Within Harbor LinesAs discussed supra, while Old Dominion has a right to lay fill and construct wharves on the bed of the Potomac River, Old Dominion’s right is not absolute.

  • Subject to the terms and conditions of this Agreement, AlphaKat hereby grants to the Marketing Company, for the term of this Agreement, (i) the Full Right in the Territory to commercialize, market, offer for sale, use and practice and make Improvements to the Technology, including the Systems and Parts (except that in the case of Canada, the foregoing rights of the Marketing Company shall be Qualified Rights) and (ii) the Qualified Right in the Territory to sell Systems and Parts for use in the Territory.

  • It is important to remember that Articles 2 and 3 are Absolute Rights whereas Article 8 is a Qualified Right.

  • The interference of Qualified Rights is permissible where (i) there is a clear legal basis for the interference with the Qualified Right; (ii) the interference seeks to achieve a legitimate aim (such as the prevention of crime or in the interests of public safety); and (iii) the action in necessary and proportionate.

  • In addition, Viva Biotech Shanghai shall provide an irrevocable bank guarantee of RMB640 million to the Vendors on the Completion Date, which shall secure the performance of the Vendors’ Qualified Right of Sale.

  • Qualified Right of Access to Civil Court Records under Article I, Section 18We have been unable to find any other case in North Carolina in which the entire court file, including the court orders sealing the file, has been sealed.

Related to Qualified Right

  • Restricted rights, as used in this clause, means the rights of the Government in restricted computer software, as set forth in a Restricted Rights Notice of paragraph (g) if included in this clause, or as otherwise may be provided in a collateral agreement incorporated in and made part of this contract, including minor modifications of such computer software.

  • Non-Qualified Share Option means an Option that is not intended to be an Incentive Share Option.

  • Distributed Right has the meaning set forth in the definition of “Adjustment Factor.”

  • Retained Rights has the meaning set forth in Section 2.2.

  • Qualified recipient means a person certified by a qualified organization as meeting all of the following qualifications:

  • Non-Qualified Stock Option means any Stock Option that is not an Incentive Stock Option.

  • Permitted Right of Others means a Right of Others consisting of (a) an interest (other than a legal or equitable co-ownership interest, an option or right to acquire a legal or equitable co-ownership interest and any interest of a ground lessor under a ground lease), that does not materially impair the fair market value or use of Property for the purposes for which it is or may reasonably be expected to be held, (b) an option or right to acquire a Lien that would be a Permitted Encumbrance, (c) the subordination of a lease or sublease in favor of a financing entity and (d) a license, or similar right, of or to Intangible Assets granted in the ordinary course of business.

  • Freestanding SAR means an SAR that is granted independently of any Options, as described in Article 7 herein.

  • Qualified Equity Interest means, with respect to any Person, any Equity Interest of such Person that is not a Disqualified Equity Interest.

  • Limited Right means the right to receive an amount of cash based upon the terms set forth in Section 9.

  • Qualified Loan means a loan made under this act or former 1961 PA 108 from this state to a school district to pay debt service on a qualified bond.

  • Qualified Liquidation The meaning set forth from time to time in the definition thereof at Section 860F(a)(4) of the Code (or any successor statute thereto) and applicable to the Trust.

  • Free-Standing SAR means an SAR which is not issued in tandem with, or by reference to, an option, which entitles the holder thereof to receive, upon exercise, shares of Common Stock (which may be Restricted Stock), cash or a combination thereof with an aggregate value equal to the excess of the Fair Market Value of one share of Common Stock on the date of exercise over the base price of such SAR, multiplied by the number of such SARs which are exercised.

  • Non-Qualified Option means an Option that is not an Incentive Stock Option.

  • Qualified Transferee means an “accredited investor” as defined in Rule 501 promulgated under the Securities Act.

  • Qualified third party means 1 or more of the following:

  • Free-Standing Appreciation Right means an Appreciation Right granted pursuant to Section 5 of this Plan that is not granted in tandem with an Option Right.

  • Reserved Rights means amounts payable to the Issuer under Sections 4.02(b), 7.02 and 8.04 hereof.

  • Qualified license means a valid support agreement to include Embedded Maintenance with SAP

  • Qualified distribution means a distribution from a Roth Elective Deferral Account after the Participant has satisfied a five year tax holding period and has attained age 59½, died, or become Disabled, in accordance with Code Section 402A(d). The five year tax holding period is the period of five consecutive taxable years that begins with the first day of the first taxable year in which the Participant makes a designated Roth Elective Deferral under the Plan or to another retirement plan which amount was directly rolled over to the Plan, and ends when five consecutive taxable years have been completed.

  • Restricted Share means a Share awarded to a Participant pursuant to Article 6 that is subject to certain restrictions and may be subject to risk of forfeiture.