REPORTABLE PRODUCT definition

REPORTABLE PRODUCT means (i) any COMDIAL product identical to or equivalent to products whose sale was included in Consolidated Sales prior to such acquisition or merger and (ii) any product of the Assignee, of its RELATED COMPANIES, of any parent company of which the Assignee is a SUBSIDIARY, and of such parent company's other SUBSIDIARIES, that is equivalent to any such COMDIAL product, whether or not such a product meets the definition of LICENSED PRODUCT. The term "Assignee Gross Revenues" shall mean those gross revenues recognized for any and all Reportable Products.
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REPORTABLE PRODUCT means any LICENSED PRODUCT the manufacture, importation, sale, lease or use of which by the CORPORATION or any of its SUBSIDIARIES would but for licenses or rights under this agreement, constitute (i) infringement of AT&T's PATENT by the CORPORATION or its SUBSIDIARIES, or (ii) any other violation of applicable law by the CORPORATION or its SUBSIDIARIES for which AT&T or any of its SUBSIDIARIES would be entitled to compensation or other remedy on account of such patent. SUBSIDIARY of a company means a corporation or other legal entity (i) the majority of whose shares or other securities entitled to vote for election of directors (or other managing authority) is now or hereafter controlled by such company either directly or indirectly; or (ii) which does not have outstanding shares or securities but the majority of the equity interest in which is now or hereafter owned and controlled by such company either directly or indirectly; but any such corporation or other legal entity shall be deemed to be a SUBSIDIARY of such company only as long as such control or ownership and control exists. Sandia Corporation, a Delaware corporation established to operate Sandia National Laboratories for the United States Government, is deemed not to be a SUBSIDIARY of AT&T.
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REPORTABLE PRODUCT means any LICENSED PRODUCT, the manufacture, importation, sale, lease or use of which by ELCOTEL, any of its SUBSIDIARIES or customers of either (other than customers exercising their own licenses for such LICENSED PRODUCT under all applicable ones of LUCENT's PATENTS) would, but for licenses or rights under this agreement, constitute (i) infringement of LUCENT's PATENTS by ELCOTEL, such SUBSIDIARY or such customer or (ii) any other violation of applicable law by ELCOTEL, such SUBSIDIARY or such customer for which LUCENT or any of its SUBSIDIARIES would be entitled to compensation or other remedy on account of one or more of such patents. SUBSIDIARY of a company means a corporation or other legal entity (i) the majority of whose shares or other securities entitled to vote for election of directors (or other managing authority) is now or hereafter controlled by such company either directly or indirectly; or (ii) which does not have outstanding shares or securities but the majority of whose ownership interest representing the right to manage such corporation or other legal entity is now or hereafter owned and controlled by such company either directly or indirectly; but any such corporation or other legal entity shall be deemed to be a SUBSIDIARY of such company only as long as such control or ownership and control exists.
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Examples of REPORTABLE PRODUCT in a sentence

  • If no REPORTABLE PRODUCT has been so sold, leased or put into use, the statement shall show that fact.

  • Such royalty rate shall be applied, except as otherwise provided in this Article II, to the FAIR MARKET VALUE of such REPORTABLE PRODUCT.

  • Such royalty reduction factor is the product of the individual royalty reduction percentages for all patents of such country on account of which the LICENSED PRODUCT is a REPORTABLE PRODUCT.

  • A LICENSED PRODUCTS, which is a REPORTABLE PRODUCT on account of AT&T's PATENT, may be treated by the CORPORATION as not licensed an not subject to royalty with respect to sales of such LICENSED PRODUCT if the purchaser is licensed under the same patent to have said LICENSED PRODUCT made and/or imported, and the purchaser advises the CORPORATION, in writing at or prior to the time of such sale, that it is exercising its own license under such patent with respect to such manufacture and/or importation.

  • Such royalty rate shall be applied to the COST OF GOODS of such REPORTABLE PRODUCT.

  • Royalty shall be payable to PATENT LICENSOR, at the applicable rate specified below, on each REPORTABLE PRODUCT which is sold, leased or put into use by the CORPORATION, or any of its RELATED COMPANIES.

  • A LICENSED PRODUCT, which is a REPORTABLE PRODUCT on account of one or more of PATENT LICENSOR'S PATENTS, may be treated by the CORPORATION as not licensed and not subject to royalty with respect to sales of such LICENSED PRODUCT if the purchaser is licensed under the same one or more patents to have said LICENSED PRODUCT made, and the purchaser advises the CORPORATION, in writing at or prior to the time of such sale, that it is exercising its own license under such one or more patents.

  • Applicable Royalty Rate LICENSED PRODUCT (in %) [OPTIONAL] Any SEMICONDUCTIVE APPARATUS which is a REPORTABLE PRODUCT but which is not COMPLETED APPARATUS shall be treated as COMPLETED APPARATUS for purposes of Section 2.01 and the applicable royalty rate shall be applied to the FAIR MARKET VALUE which such SEMICONDUCTIVE APPARATUS would have if it were COMPLETED APPARATUS.

  • ELCOTEL shall retain such records with respect to each REPORTABLE PRODUCT for at least seven (7) years from the sale, lease or putting into use of such REPORTABLE PRODUCT on which a royalty may be due.

  • Such royalty rate shall be applied, except as otherwise provided in this Article III, to the FAIR MARKET VALUE of such REPORTABLE PRODUCT.


More Definitions of REPORTABLE PRODUCT

REPORTABLE PRODUCT means any OPTICAL FIBER SENSING SYSTEM, or replacement part therefor,
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REPORTABLE PRODUCT means any LICENSED PRODUCT specified in Section 1.01(a) (other than any which is shown in Section 2.01 as royalty-free), the manufacture, importation, sale, lease or use of which by the CORPORATION, any of its RELATED COMPANIES or customers of either (other than customers exercising their own licenses for such LICENSED PRODUCT under all applicable ones of PATENT LICENSOR'S PATENTS) would, but for licenses or rights under this agreement, constitute (i) infringement of PATENT LICENSOR'S PATENTS by the CORPORATION, such RELATED COMPANY or such customer or (ii) any other violation of applicable law by the CORPORATION, such RELATED COMPANY or such customer for which PATENT LICENSOR or any of its RELATED COMPANIES could be entitled to compensation or other remedy on account of one or more of such patents.
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Related to REPORTABLE PRODUCT

  • Recyclable Product means the ability of a product and its packaging to be reused, reconditioned for use, or recycled through existing recycling collection programs.

  • Adjustable Product Data means the Adjustable Product Data as specified in § 1 of the Product and Underlying Data.

  • Eligible Product means, instead of the definition in FAR 25.003—

  • Alternative nicotine product means any noncombustible product containing nicotine that is intended 766 for human consumption, whether chewed, absorbed, dissolved, or ingested by any other means. 767 "Alternative nicotine product" does not include any nicotine vapor product, tobacco product, or product 768 regulated as a drug or device by the U.S. Food and Drug Administration (FDA) under Chapter V (21 769 U.S.C. § 351 et seq.) of the Federal Food, Drug, and Cosmetic Act.

  • Reference biological product means the single biological product licensed pursuant to 42 U.S.C.