Sublicensing Fee and Undertakings Sample Clauses

Sublicensing Fee and Undertakings. In consideration of the rights granted under the Sublicense Agreement, SUBLICENSEE paid to SUBLICENSOR a Sublicensing Fee of 2,550,000 shares of SUBLICENSEE'S common stock and granted to SUBLICENSOR an antidilution right to maintain a 50%+ ownership position in SUBLICENSEE'S securities. SUBLICENSOR and SUBLICENSEE hereby agree to terminate the antidilution rights granted to SUBLICENSOR in the Sublicense Agreement, effective immediately. As consideration for the expansion of its sublicense rights granted to it by SUBLICENSOR in this Amendment, SUBLICENSEE and SUBLICENSOR agree as follows:
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Related to Sublicensing Fee and Undertakings

  • Representations and Undertakings 2.1. The Trust represents to the Distributor that all registration statements filed by the Trust with the SEC under the 1933 Act, with respect to Shares have been prepared in conformity with the requirements of the 1933 Act and rules and regulations of the SEC thereunder.

  • WARRANTIES AND UNDERTAKINGS 18.1 Each Party warrants to the other Party that:

  • Covenants and Undertakings The Grantor covenants and undertakes that:

  • Assessment and Understanding It is capable of assessing the merits of and understanding (on its own behalf or through independent professional advice), and understands and accepts, the terms, conditions and risks of that Transaction. It is also capable of assuming, and assumes, the risks of that Transaction.

  • REPRESENTATIONS, WARRANTIES AND UNDERTAKINGS 3.1 Each Party hereby represents and warrants to the other Party that, as of the date this Contract Amendment No. 15 is signed and as of the Effective Date of this Contract Amendment No. 15:

  • LICENSEE’S UNDERTAKINGS 8.1 The Licensee shall:

  • WARRANTIES, REPRESENTATIONS AND UNDERTAKINGS 6.1. The Supplier warrants, represents and undertakes to the Authority and to each of the Other Contracting Bodies for the duration of the Framework Period that:

  • Evaluation and Understanding It is capable of evaluating and understanding (on its own behalf or through independent professional advice), and understands and accepts, the terms, conditions and risks of this Agreement and each Transaction hereunder. It is also capable of assuming, and assumes, all financial and other risks of this Agreement and each Transaction hereunder.

  • COMPLIANCE UNDERTAKINGS 6.1. The Fund undertakes to comply with Subchapter M and Section 817(h) of the Code, and all regulations issued thereunder.

  • Other Undertakings 1. The Recipient shall:

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