Quarterly Update definition
Examples of Quarterly Update in a sentence
Each Grantor agrees, on or prior to the next Quarterly Update Date after learning thereof, to notify the Collateral Agent in writing of any party claiming that such Grantor’s use of any Patent, Copyright or Trade Secret Right violates in any material respect any intellectual property right of that party, except to the extent such violation would not reasonably be expected to have a Material Adverse Effect.
Each Grantor agrees, on or prior to the next Quarterly Update Date after learning thereof, to notify the Collateral Agent in writing of any party claiming that such Grantor’s use of any ▇▇▇▇ violates in any material respect any intellectual property right of that party, except to the extent such violation would not reasonably be expected to have a Material Adverse Effect.
Upon the expiration or termination of Licensee’s obligation to deliver Quarterly Update Reports under Section 5.3.1, Licensee shall continue to deliver such written disclosures of Licensed Product Improvements to POZEN during the final Calendar Quarter of each Calendar Year.
If the Grantor shall at any time hold or acquire a commercial tort claim relating to the Collateral, the Grantor shall on or before the first Quarterly Update Date thereafter, notify the Collateral Agent in writing signed by the Grantor of the brief details thereof and grant to the Collateral Agent in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.
Not later than January 31, March 1, June 1, and September 1 of each fiscal year, ATP shall provide City Finance staff with a quarterly update in the same form as provided to the ATP Board of Directors (each a "Quarterly Update").
Licensee shall disclose in writing to POZEN any Licensed Product Improvements conceived or generated in a given Calendar Year in the Quarterly Update Report for the final Calendar Quarter of such Calendar Year.
During the period from the Effective Date to [* * *] months after Commercial Launch, Licensee shall provide POZEN with Quarterly Update Reports substantially consistent with the Quarterly Update Report Outline attached hereto as Exhibit A.
The Quarterly Update shall include a summary of current revenues, current administrative expenses, transit-supportive anti-displacement investments, and capital expenditures for the then-current fiscal year.
Each Grantor hereby represents and warrants, (i) as of the Closing Date and the immediately preceding Quarterly Update Date, that Schedule 4.4 sets forth under the heading “Pledged Debt” all of the Pledged Debt owned by any Grantor and (ii) all of its Pledged Debt has been duly authorized, authenticated or issued, and delivered and is the legal, valid and binding obligation of the issuers thereof and is not in default.
During such meeting, Licensee shall provide to POZEN all relevant updates pertaining to the items listed under the Quarterly Update Report Outline attached hereto as Exhibit A.