Secondary Products definition
Examples of Secondary Products in a sentence
At each Adjustment Date, the Price shall be subject to adjustment (up or down) to match the percentage change in the BLS Producer Price Index: Series ID PCU212322212322S — Industrial Sand Mining, Secondary Products, provided that the adjustment to Price at any Adjustment Date shall not exceed 5% (up or down).
In any license from Licensee to a third party for the making, using, offering for sale, selling and/or importing of Primary and/or Secondary Products, Licensee shall provide that such sublicensee shall assume substantially similar obligations as assumed by Licensee for reporting and to allow for inspection by Licensor to determine whether the royalties paid are correct.
On the one-year anniversary of the expiration of the Repayment Period and annually thereafter (each, an “Adjustment Date”) the Price shall be subject to adjustment (up or down) to match the percentage change in the BLS Producer Price Index: Series ID PCU212322212322S — Industrial Sand Mining, Secondary Products.
Subject to (i) Licensor's right to use the Licensed Patents for its non-commercial research and education programs, (ii) [ * ] and (iii) Section X of this Agreement, Licensor grants to Licensee a royalty-bearing, worldwide, exclusive right and license to practice the methods of the Licensed Patents and to make, have made, use, offer for sale, sell and import Primary Products and Secondary Products (as defined herein).
Patent Marking -------------- To the extent required by applicable law, Licensee shall ▇▇▇▇ all Primary and Secondary Products in accordance with the patent marking laws of the country in which such Primary and Secondary Products are manufactured, used, or sold.
During the term of this exclusive license, Licensee shall use its reasonable best efforts to use the Licensed Patents to discover Primary and/or Secondary Products or, if Licensee itself does not do so, Licensee shall sublicense to sublicensees that are committed to using their reasonable best efforts to pursue such Primary or Secondary Products.
Licensee shall indemnify, hold harmless and defend Licensor from and against any liability or expense arising from any product liability claim asserted by any party as to any Primary or Secondary Products, [ * ].
Accompanying the payment will be a statement of the sales of Primary and Secondary Products by Licensee and the applicable royalties in sufficient detail to allow Licensor to calculate the royalties due.
At any Adjustment Date, the percentage change in the BLS Producer Price Index: Series ID PCU212322212322S — Industrial Sand Mining, Secondary Products shall be calculated using the latest available monthly index over the monthly index for the prior Adjustment Date (or, in the case of the Initial Adjustment Date, the monthly index for the Effective Date) and not on any average of the monthly index between the two measuring points.
Licensee shall keep accounts and records in sufficient detail to enable Licensor to determine royalties due for sales of Primary and Secondary Products by Licensee and its sublicensees.