MTI Sample Clauses
The MTI (Most Favored Nation or Most Favored Terms) clause ensures that a party to a contract receives terms that are at least as favorable as those offered to any other party in similar agreements. In practice, if the contract issuer later grants better terms—such as lower prices, more favorable payment schedules, or additional rights—to another party, the beneficiary of the MTI clause is automatically entitled to those improved terms. This clause is commonly used in commercial, licensing, or investment agreements to protect a party from being disadvantaged compared to others. Its core function is to maintain fairness and competitive parity, preventing one party from being left at a disadvantage if better terms are subsequently offered elsewhere.
MTI. Holder was established by the Maine Legislature to stimulate and support research and development activity leading to the commercialization of new products and services to enhance the competitive position of Maine’s technology- intensive industrial sectors, and thereby promote economic development and job creation. Holder’s goal is to contribute to the long-term development of a statewide research, development, and product deployment infrastructure, thereby enhancing the competitive position of Maine’s technology intensive industries, while supporting clusters of industrial activity and creating jobs for Maine people.
MTI. The compiled data in the format it is housed in the MTI Database shall be the property of MTI. However, MTI shall not have the right to sell or otherwise transfer any of the design of the MTI Database and its associated documentation to any other party. Nothing in this Agreement gives ev3 any right, title or interest in any data furnished by or on behalf of MTI to ev3 for inclusion in the MTI Database; provided, however, that ev3 shall not be obligated to return the MTI Database to MTI unless and until it has received full payment in accordance with the terms hereof. MTI hereby acknowledges that it has no rights to the ev3 Implementation except that of usage as permitted herein and that ev3 retains sole right, title, and interest in and to the ev3 Implementation, modifications or extensions thereof, whether made by or on behalf of ev3, however extensive, and that in confirmation thereof, MTI hereby assigns to ev3 any and all right, title and interest it may have in the ev3 Implementation, the Services, and any modifications or extensions thereof. MTI agrees not to remove from the ev3 Implementation any statements appearing therein concerning copyright and/or proprietary rights. MTI further agrees not to contest or challenge in any legal proceedings or otherwise the proprietorship or ownership by ev3 of the ev3 Implementation or its right to use or license the ev3 Implementation.
MTI. As of the Second Closing, none of the Seller Parent, any other Seller, OpCo, the Buyer Parent or any of their respective Affiliates shall be subject to any restrictions arising out of a MTI Agreement, which restriction would reasonably be expected to prohibit or restrict (a) consummation of the Transactions, (b) the Buyers’ operation of the Business using the Transferred and Licensed Assets, or (c) the Buyers’ ownership of the Fab Assets.