Examples of Replacement License in a sentence
All proceeds received by the Trustee either under a License, a Replacement License or upon the sale or other disposition of the Collateral will be used firstly to satisfy the Trustee’s expenses, then to the satisfaction of the Obligations pursuant to Sections 6.9 and 6.10, and the balance, if any, will be paid to the party entitled at law.
Dyadic NL shall have the right to sublicense the TNO Replacement License to unrelated Persons, but solely for the internal use by such Persons in connection with their use of any Fungal HTRS System sold or licensed by Dyadic NL to such Persons.
Seller and Purchaser shall use their reasonable best efforts to satisfy the FTC that the Replacement License is sufficient to address any FTC antitrust concerns and that the waiting period under the HSR Act should be terminated promptly.
The CHRP Replacement License Agreement shall have been executed and delivered by NeurogesX, and CHRP shall have received the same and a copy of the CHRP Replacement License Agreement or a memorandum of such agreement or other applicable document shall have been filed with all applicable Patent Offices to the extent necessary to protect CHRP’s interests therein.
Seller may terminate this Agreement and abandon the transactions contemplated herein at any time after July 12, 1996 by delivering written notice to WJ, unless WJ has delivered the executed Replacement License to Seller prior to Seller's termination of this Agreement pursuant to this sentence.
Subject to the terms of this Agreement and the rights of Astellas under the Astellas License Agreement, NGX hereby grants to CHRP the right (even as to NGX and its Affiliates) to enter into one or more Replacement License Agreements in accordance with the provisions of Section 5.03(b) of the Financing Agreement and to sublicense to the applicable Sublicensee the right to distribute and market the Products in the Field in the Territory as set forth in this Agreement below.
NeurogesX shall not violate any of its obligations under the Existing License Agreement, any Replacement License Agreement and the CHRP Replacement License Agreement, in each case with respect to Competing Products.
Serta shall have (i) consented to the transactions contemplated by this Agreement insofar as such transactions may constitute an event that permits Serta to terminate the Serta Standard License Agreement and (ii) approved and entered into the Replacement License.
If the Licensor elects not to enter into a Replacement License, the Licensee shall return forthwith to the Licensor all Sea Spi watercraft in the possession of the Licensee and/or the Water Sports Operator at such Location, and shall account to the Licensor for any and all Eco-Tour sales to the date of termination and shall pay the applicable boat rental and licensing fees within 10 days of the date of such termination.