Examples of Third Party Sublicense in a sentence
If any Third Party Sublicense monetary compensation received by Company is in a currency other than US Dollars, the payment due under this Section 6.2(d) shall be calculated in such currency and then converted into their US Dollar equivalent using the closing exchange rate as published by The Wall Street Journal, Western U.S. Edition for the day the Third Party Sublicense compensation was achieved by Company.
For purposes of clarification, it is understood that, to the extent that any Direct Third Party Sublicense terminates for any reason, for so long as this Agreement remains in effect, the rights granted to CGI under this Agreement shall no longer be subordinate to such Direct Third Party Sublicense.
Upon such a request by CGI, ABX shall cooperate with CGI and the third party designated by CGI to prepare and execute such Direct Third Party Sublicense in a prompt and expeditious manner.
For the removal of doubt, it is understood that the Direct Third Party Sublicense shall include provisions substantially identical to Articles 5, 6, 7, 9, 10, and 11 and Sections 3.3, 4.1, 4.3, and 8.2 of this Agreement and such modifications of Article 2 as are appropriate to define the scope of the sublicense to be granted.
In such event, CGI shall notify ABX in writing of the Products to be sublicensed to such third party, as well as the field, territory, duration, and other limitations of such Direct Third Party Sublicense; provided, however, that the rights granted under any such Direct Third Party Sublicense for the Product Antigen shall in no event exceed the scope of the rights granted to CGI under this Agreement.
Company shall immediately provide written notification to Xxxxxxx, at Beerse (Belgium), Xxxxxxxxxxxxx 00, Xxxxxxxxx: Finance Manager ([…***…]) upon achievement of each Third Party Sublicense.
For the avoidance of doubt, amounts received after the [*] under a Third Party Sublicense entered into on or before such date shall still be subject to the payment obligation to Seller above.
Such notification shall indicate that a Third Party Sublicense was achieved and request that Xxxxxxx send a written invoice for any payment then due under this Section 6.2(d) to a specific address, if such address is different than that indicated in Section 15.2: Notices.
Within thirty (30) days of receipt by Virpax of any Third Party Sublicense Payment, Virpax shall pay to Nanomerics a non- refundable amount, equal to [**] of such Third Party Sublicense Payment.
Company shall immediately provide written notification to Janssen, at Beerse (Belgium), Turnhoutseweg 30, Attention: Finance Manager ([…***…]) upon achievement of each Third Party Sublicense.