Examples of Siemens Agreement in a sentence
Under the New Siemens Agreement, all prior financial commitments and obligations owed to Siemens were released and replaced with a one-time fixed license fee and per annum payments calculated based on annual volume of our systems interfaced to a Siemens MRI scanner.
The initial term of the New Siemens Agreement is five years and will be automatically extended for successive terms of one year thereafter unless terminated earlier.
Pursuant to the Siemens Agreement, Siemens has developed on behalf of Tocagen certain Clinical Assays that Siemens uses to perform viral safety testing and Toca FC safety testing of biological samples taken from study subjects in Tocagen Trials in the Laboratory, on the terms and conditions set forth in the Siemens Agreement.
The City determines that, upon deposit into the Escrow Deposit Fund of Government Obligations in an amount calculated to be sufficient to pay the principal of and interest on the Series 2007 Bonds and Siemens Agreement being refunded, such deposit shall fully defease the Series 2007 Bonds and Siemens Agreement being refunded.
The City authorizes the execution and delivery of one or more financing agreements (the “Financing Agreement”) between the City and the escrow agent (the “Escrow Agent”) to refinance the Siemens Agreement in a form satisfactory to the Authorized Representative.
Notwithstanding any provision of this Article XII to the contrary, this Article XII shall not apply in any respect to any Siemens Licensed IP (as such term is defined in the Siemens Agreement).
The Authorized Representative is authorized to determine and execute all the documents, including a tax certificate, and perform any and all other thingsor acts necessary for the sale and delivery of the Series 2015 Bonds and Series 2015 Obligations and redemption of the Series 2007 Bonds and Siemens Agreement being refunded, as herein authorized.
Tocagen covenants to Apollo that Tocagen shall (i) comply with all terms and conditions of the Siemens Agreement relating to Tocagen’s rights to Siemens Licensed IP (as such term is defined in the Siemens Agreement), (ii) not voluntarily terminate any of Tocagen’s licenses or rights to Siemens Licensed IP; (iii) […***…], or (iv) […***…], except in each case (i)-(iv) […***…].
The City shall enter into an Escrow Deposit Agreement for the establishment of an Escrow Deposit Fund to which shall be deposited sufficient proceeds from the Series 2015 Bonds to acquire Government Obligations to provide funds sufficient to pay the principal of and interest on the Series 2007 Bonds and the Siemens Agreement which are being refunded.
Resale revenue of refurbished products, excluding revenue under the Siemens Agreement and resale revenue of refurbished products sold by Vibes, measured on a fiscal quarter-end basis, of at least 75% of the revenue projected for such fiscal quarter as reflected on the Norstan Resale Business Projections delivered to Agent pursuant to Section 6.3(i).