Examples of SFD Data in a sentence
In consideration of this grant of the licence with respect to the American SFD Data, the Grantee shall pay to the Grantor a fee (the "Licence Fee") equal to 50% of the "Gross Revenues" (as such term is defined below) actually received by the Grantee and/or its Subsidiaries with respect to the commercial exploitation of the Hydrocarbons identified in each American Prospect.
The Executive hereby grants to the Corporation, and the Corporation hereby accepts from the Executive, an exclusive, world-wide license to use, develop, copy and modify the Operating SFD Detectors, and, to the extent reasonably necessary, the SFD Theories associated therewith, but only to the extent reasonably necessary for the Corporation to conduct SFD Surveys for the collection of SFD Data for use in the exploration of hydrocarbon resources.
Momentum agrees that it shall provide not less than five hundred (500) hours per year of trained manpower to generate the SFD Data with respect to the Designated Search Areas.
By becoming an Entrant, or otherwise completing the act of entering the Promotion, each Entrant agrees that the Promotion shall be governed by the laws of Ontario, Canada.
The parties acknowledge that the Executive is also -------------------- employed as an executive officer of Momentum, which corporation provides certain SFD Data to the Company (and/or its Subsidiaries) pursuant to the terms of certain agreements between the Company (and/or its Subsidiaries) and Momentum, and is also a director and holds an indirect beneficial interest in Momentum.
The SFD Data Fee shall be paid to --------------------------- Momentum within fifteen (15) days of the end of each calendar quarter in which Pinnacle International and/or any of its Subsidiaries collect Prospect Revenues with respect to any Prospect.
The parties acknowledge that the SFD Data Fee is separate from any salary, compensation or other benefits payable by Momentum to Liszicasz and/or Xxxxxxx attributable to their capacities as officers, directors, employees or stockholders of Pinnacle International and/or of any of its Subsidiaries.
Notwithstanding clause (i) above, Momentum and its Subsidiaries may, without the ---------- consent of Pinnacle International, use the Stress Field Detector, the SFD Technology and/or the SFD Data (including all SFD Data generated on behalf of Pinnacle International under this Agreement), for any business other than the identification and/or exploitation of Hydrocarbons.
Momentum shall in no way be responsible for the exploitation and/or development of any Prospect identified with the SFD Data.
The obligation to pay the SFD Data Fee shall continue following the termination of this Agreement with respect to any Prospect for which SFD Data was provided by Momentum to Pinnacle International on or before the effective date of such termination.