VBI Patents definition

VBI Patents means all Patents owned or Controlled by VBI as of the Effective Date or during the Term that (a) claim the composition of matter of, or the method of making or using Licensed Compounds or Licensed Products, or (b) are otherwise necessary or useful to research, develop, make, have made, distribute, use, sell, offer for sale, have sold, import, export or otherwise commercialize the Licensed Compounds or Licensed Products. For the avoidance of doubt, the “VBI Patents” shall not include Joint Patents. The VBI Patents existing as of the Effective Date are set forth on Schedule A hereto; provided that, any Patent not included on Schedule A that otherwise meets the definition of a VBI Patent shall still be considered a VBI Patent notwithstanding its omission from Schedule A.
View Source
VBI Patents means all Patents that are owned or Controlled by VBI (or its Affiliates), as of the Effective Date or during the Term, and that: (a) claim the composition of matter of, or the method of making or using Licensed Compounds or Licensed Products; or (b) are otherwise necessary or useful to research, develop, make, have made, distribute, use, sell, offer for sale, have sold, import, export or otherwise commercialize the Licensed Compounds or Licensed Products. For the avoidance of doubt, the “VBI Patents” shall not include Joint Patents. The VBI Patents existing as of the Effective Date are set forth on Schedule A-2 hereto; provided that, any Patent not included on Schedule A-2 that otherwise meets the definition of a VBI Patent shall still be considered a VBI Patent notwithstanding its omission from Schedule A-2.
View Source
VBI Patents means all patents and patent applications which are or become owned and/or controlled (including by way of license), in whole or in part, by VBI and as to which VBI otherwise has, now or in the future, the right to grant licences which generically or specifically claim the TECHNOLOGY in whole or in part. Included within the definition of VBI PATENTS are any continuations, continuations in part, divisions, patents of addition, reissues, renewals or extensions thereof (including SPCs). A non-exhaustive list of VBI PATENTS is provided in Appendix C.
View Source

Examples of VBI Patents in a sentence

  • In such case, at Brii Bio’s sole discretion, upon written notice from Brii Bio, Brii Bio will have the right but not the obligation to assume responsibility for registration, prosecution, and/or maintenance of any such VBI Patent in the Licensed Territory at Brii Bio’s cost and expense, and shall pay any required fees to maintain such VBI Patents in the applicable Region.

  • In the event that either VBI or Brii Bio becomes aware of any infringement or threatened infringement by a Third Party of the VBI Patents or the Joint Patents, it will notify the other Party in writing to that effect.

  • Neither VBI nor any of its Affiliates has received any written notice from any Person, or has knowledge of, any actual or threatened claim or assertion that the use or practice of the VBI Patents, infringes or misappropriates the intellectual property rights of a Third Party.

  • All current and former employees and consultants of VBI and its Affiliates who are or have been substantively involved in the design, review, evaluation, or development of the VBI Patents have executed written contracts or are otherwise obligated to assign their rights to VBI or its designee.

  • VBI shall retain patent counsel suitable to coordinate and direct the filing and prosecution of VBI Patents both in and outside of the Licensed Territory and shall keep Brii Bio fully informed of progress with regard to the preparation, filing, prosecution, and maintenance of the VBI Patents in the Licensed Territory.

  • VBI shall have the first right to prepare, file, register, prosecute and maintain all VBI Patents in the Licensed Territory and shall bear the costs associated therewith.

  • Brii Bio shall have final decision making authority with respect to any decisions related to Patent term extensions for VBI Patents and Joint Patents in the Licensed Territory.

  • Brii Bio shall have final decision making authority with respect to any decisions related to Patent term extensions for VBI Patents in the Licensed Territory, and for Joint Patents in the Licensed Territory.

  • Schedule A is a true, complete and correct list of the VBI Patents existing as of the Effective Date.

  • The Company may elect from time to time to convert Direct Loans from Federal Funds Rate Loans to Eurodollar Loans or to have Direct Loans funded as Eurodollar Loans by giving the Managing Administrative Agent at least three Eurodollar Business Days’ prior irrevocable notice of such election by delivery of a duly executed Loan Request, Interest Rate Election and Payoff Notice.

Related to VBI Patents

  • Licensed Patents means (a) all United States patents and patent applications listed in Exhibit A, as modified pursuant to Section 2.6.1, including patents arising from such patent applications; and (b) any re-examination certificates thereof, and their foreign counterparts and extensions, continuations, divisionals, and re-issue applications; provided that “Licensed Patents” will not include any claim of a patent or patent application covering any Manufacturing Technology.

  • Patent Rights means all patents and patent applications (which for the purpose of this Agreement shall be deemed to include certificates of invention and applications for certificates of invention), including all divisionals, continuations, substitutions, continuations-in-part, re-examinations, reissues, additions, renewals, revalidations, extensions, registrations, pediatric exclusivity periods and supplemental protection certificates and the like of any such patents and patent applications, and any and all foreign equivalents of the foregoing.

  • Licensed Patent Rights means: (a) Patent applications (including provisional patent applications and PCT patent applications) or patents listed in Appendix A, all divisions and continuations of these applications, all patents issuing from these applications, divisions, and continuations, and any reissues, reexaminations, and extensions of these patents; (b) to the extent that the following contain one or more claims directed to the invention or inventions disclosed in 2.9(a): (i) continuations-in-part of 2.9(a); (ii) all divisions and continuations of these continuations-in-part; (iii) all patents issuing from these continuations-in-part, divisions, and continuations; (iv) priority patent application(s) of 2.9(a); and (v) any reissues, reexaminations, and extensions of these patents; (c) to the extent that the following contain one or more claims directed to the invention or inventions disclosed in 2.9(a): all counterpart foreign and U.S. patent applications and patents to 2.9(a) and 2.9(b), including those listed in Appendix A; and (d) Licensed Patent Rights shall not include 2.9(b) or 2.9(c) to the extent that they contain one or more claims directed to new matter which is not the subject matter disclosed in 2.9(a).

  • Licensee Patents means any Patents within the Control of Licensee as of the Effective Date and at any time during the Term relating to the Product.

  • Company Patents shall have the meaning set forth in Section 3.19(b) .