Third Party definition
Examples of Third Party in a sentence
The Company agrees that the Company is liable for the full amount of any judgment, penalty, fine, amount paid in settlement, and Expenses required to be paid or advanced under the terms of this Agreement or any provision in the Company’s Certificate of Incorporation and Bylaws, resolution of the Board, vote of stockholders, or any other agreement, without regard to any rights Indemnitee may have against Third Party Indemnitors.
The invalidity or unenforceability of any provision of this Agreement as to Indemnitee or Third Party Indemnitors shall not affect the validity or enforceability of any provision of this Agreement as to the other.
Licensee, any Sublicensee and any of their respective Affiliates may also, without University’s consent, engage Third Party service providers, and grant sublicenses under the Licensed Patents to such Third Parties, solely to perform activities for the benefit of or on behalf of Licensee or such Sublicensee or Affiliate, as the case may be.
The Company and Indemnitee agree that Third Party Indemnitors are express third party beneficiaries of the terms of this Section 8(c).
In the absence of University suit pursuant to Article 10.2 or absent an agreement to institute a suit jointly pursuant to Article 10.3, Licensee may institute suit to enforce the Licensed Patents against Third Party infringers (or otherwise seek to ▇▇▇▇▇ such infringement), and may name University for standing purposes, if necessary.