Sales of Primary Sample Clauses

Sales of Primary and Secondary Products by Licensee or its sublicensees shall be [ * ], that is, [ * ] for Primary Products and [ * ] on Secondary Products, provided that a method claimed in a Licensed Patent was utilized in the discovery or development of such Primary or Secondary Product prior to expiration of such Licensed Patent. Payment of such reduced royalties to Licensor shall continue until the last to expire of Licensee's patents, if any, on such Primary and/or Secondary Products, but in no event shall full-rate and/or reduced royalties be paid for more than fifteen (15) years in the aggregate from the First Commercial Sale (as hereinafter defined) of any Primary or Secondary Product. If, upon the last to expire of Licensed Patents utilized in the discovery or development of such Primary or Secondary Product, Licensee has no issued patents but has (i) pending applications covering the Primary and/or Secondary Product, or (ii) files an application(s) covering such Product within one (1) year of the expiration date of the applicable Licensed Patent, Licensee's obligation to pay reduced royalties on such Primary or Secondary Product shall continue until (i) the last to expire of any patents issuing on such application, or if no such patents issue (ii) fifteen (15) years from the expiration of the last of the aforementioned Licensed Patents, as the case may be; provided that in no event shall full-rate and/or reduced royalties be paid for more than fifteen (15) years in the aggregate from the First Commercial Sale of any Primary or Secondary Product. Licensee shall promptly notify Licensor of each Primary or Secondary Product discovered or identified during the life of the Licensed Patents and shall further promptly notify Licensor of [ * ] = Certain confidential information in this document, marked by brackets, has been ommitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.
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Related to Sales of Primary

  • Sales of Securities PFPC Trust shall settle sold securities upon receipt of Oral Instructions or Written Instructions that specify:

  • Prior Sales of Securities Except as set forth in the Registration Statement, the Time of Sale Disclosure Package and the Final Prospectus, the Company has not sold or issued any shares of Common Stock during the six-month period preceding the date hereof, including any sales pursuant to Rule 144A under, or Regulations D or S of, the Securities Act, other than shares issued pursuant to employee benefit plans, stock option plans or other employee compensation plans or pursuant to outstanding preferred stock, options, rights or warrants or other outstanding convertible securities.

  • Purchases and Sales of Securities The Company shall not, and shall use its best efforts to cause its affiliates (as defined in Rule 405 under the 0000 Xxx) not to, purchase and then resell or otherwise transfer any Securities.

  • Sales of Shares by the Fund The Fund reserves the right to issue shares at any time directly to its shareholders as a stock dividend or stock split and to sell shares to its shareholders or to other persons approved by Xxxxxx at not less than net asset value.

  • Status of Portfolio Manager The Trust and Portfolio Manager acknowledge and agree that the relationship between Portfolio Manager and the Trust is that of an independent contractor and under no circumstances shall any employee of Portfolio Manager be deemed an employee of the Trust or any other organization that the Trust may, from time to time, engage to provide services to the Trust, its Portfolios or its shareholders. The parties also acknowledge and agree that nothing in this Agreement shall be construed to restrict the right of Portfolio Manager or its affiliates to perform investment management or other services to any person or entity, including without limitation, other investment companies and persons who may retain Portfolio Manager to provide investment management services and the performance of such services shall not be deemed to violate or give rise to any duty or obligations to the Trust.

  • Exchanges of Securities Upon receipt of Proper Instructions, the Custodian shall exchange securities held by it for the account of a Portfolio for other securities in connection with any reorganization, recapitalization, split-up of shares, change of par value, conversion or other event relating to the securities or the issuer of such securities, and shall deposit any such securities in accordance with the terms of any reorganization or protective plan. The Custodian shall, without receiving Proper Instructions: surrender securities in temporary form for definitive securities; surrender securities for transfer into the name of the Custodian, a Portfolio or a nominee of either of them, as permitted by Section 2.02(b); and surrender securities for a different number of certificates or instruments representing the same number of shares or same principal amount of indebtedness, provided that the securities to be issued will be delivered to the Custodian or a nominee of the Custodian.

  • Reasonableness of Price The Contractor demonstrated that all the New York maximum not to exceed rates are reasonable. In accordance with Appendix B, section 17, Pricing, Contractor shall notify OGS when it provides pricing for its consulting services upon the same or similar terms and conditions as that of this Contract at a lower price to a federal, state or local governmental entity.

  • Purchases of Portfolio Shares for Sale to Customers (a) In offering and selling Portfolio shares to your customers, you agree to act as dealer for your own account; you are not authorized to act as agent for us or for any Portfolio.

  • Sale and Purchase of Securities Subject to the terms and conditions hereof, the Company agrees to sell, and Purchaser irrevocably subscribes for and agrees to purchase, the number of Units set forth on the signature page of this Agreement at a purchase price of $15.00

  • Royalty Licensee shall pay Licensor a royalty equal to the Royalty Rate times Net Sales.

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