Pending Application Sample Clauses

The Pending Application clause defines how rights or obligations are handled when an application, such as for a patent or regulatory approval, is still under review and has not yet been granted or finalized. In practice, this clause may specify whether certain contractual benefits or protections apply while the application is pending, or outline the parties' responsibilities during this interim period. Its core function is to provide clarity and manage expectations regarding the status and treatment of pending applications, thereby reducing uncertainty and potential disputes between parties.
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Pending Application. All of Seller's right, title and interest in any ------------------- pending applications for Loans.
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Pending Application. Without prejudice to Clause 3.1 (Purpose), pending application of the proceeds of any Loan towards financing or refinancing the Agreed Purpose, the Borrower must deposit such proceeds in the Account.
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Pending Application. Pending Application" shall have the meaning set forth in Section 3.20(c).
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Pending Application. On the Closing Date (as defined in the Asset Agreement), the Company will pay to ▇▇▇▇▇▇▇▇ $2,000 in cash for expenses related to the Pending Application. In consideration of such payment and of the Company entering into the Asset Agreement and the Employment Agreement, ▇▇▇▇▇▇▇▇ hereby agrees that if the Pending Application is allowed, but before issuance thereof, and in consideration of an additional payment by the Company to ▇▇▇▇▇▇▇▇ of $2,225 in cash, ▇▇▇▇▇▇▇▇ will convey, assign, transfer, and deliver to the Company pursuant to an assignment agreement substantially in the form attached hereto as Exhibit B all of ▇▇▇▇▇▇▇▇'▇ right, title, and interest in and to the Pending Application and any patent issuing therefrom.
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Related to Pending Application

  • Regulatory Applications (a) Summit and GAFC and their respective Subsidiaries shall cooperate and use their respective reasonable best efforts to prepare all documentation, to effect all filings and to obtain all permits, consents, approvals and authorizations of all third parties and Governmental Authorities necessary to consummate the transactions contemplated by this Agreement. Each of Summit and GAFC shall have the right to review in advance, and to the extent practicable each will consult with the other, in each case subject to applicable laws relating to the exchange of information, with respect to, all material written information submitted to any third party or any Governmental Authority in connection with the transactions contemplated by this Agreement. In exercising the foregoing right, each of the parties hereto agrees to act reasonably and as promptly as practicable. Each party hereto agrees that it will consult with the other party hereto with respect to the obtaining of all material permits, consents, approvals and authorizations of all third parties and Governmental Authorities necessary or advisable to consummate the transactions contemplated by this Agreement and each party will keep the other party apprised of the status of material matters relating to completion of the transactions contemplated hereby. (b) Each party agrees, upon request, to furnish the other party with all information concerning itself, its Subsidiaries, directors, officers and stockholders and such other matters as may be reasonably necessary or advisable in connection with any filing, notice or application made by or on behalf of such other party or any of its Subsidiaries to any third party or Governmental Authority.

  • Listing Application If shares of any class of stock of the Company shall be listed on a national securities exchange, the Company shall, at its expense, include in its listing application all of the shares of the listed class then owned by any Investor.

  • Provisional Application Upon signature of this Compact, and until this Compact has entered into force in accordance with Section 7.3, the Parties will provisionally apply the terms of this Compact; provided that, no MCC Funding, other than Compact Implementation Funding, will be made available or disbursed before this Compact enters into force.

  • Patent Applications It is understood by the parties that, pursuant to the Baylor Technology Transfer Agreement, MAS has the initial responsibility for filing, prosecution and maintenance of Patents and Patent Applications covering the Baylor Technology. The parties agree that, as between MAS and IllumeSys, MAS shall be responsible for deciding whether and how to file, prosecute and maintain the Patents and Patent Applications, provided that:

  • Regulatory Approval 25.1 The Parties understand and agree that this Agreement and any amendment or modification hereto will be filed with the Commission for approval in accordance with Section 252 of the Act and may thereafter be filed with the FCC. The Parties believe in good faith and agree that the services to be provided under this Agreement are in the public interest. Each Party covenants and agrees to fully support approval of this Agreement by the Commission or the FCC under Section 252 of the Act without modification.