THE LICENSED PRODUCT Sample Clauses

THE LICENSED PRODUCT. Unless LICENSEE has a Licensed Product available for commercial sale prior to [**], LICENSEE agrees that STANFORD may terminate this Agreement. Anytime after [**] years from the date of license, STANFORD may terminate this Agreement if ONTOGENY or a sublicensee has not sold a Licensed Product for a period of 1 year and is not demonstrably engaged in a research, development, manufacturing, marketing or licensing program, as appropriate, directed toward the development and commercialization of the licensed subject matter.
Sample 1
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THE LICENSED PRODUCT. The product supplied by Flowerfire (the "Licensed Product") consists of software programs ("Software"), related user documentation ("Documentation"), and any update thereof that Licensee may receive individually or collectively from Flowerfire or its Agent, including activation key(s) to enable profiles, plus any additional activation keys (add-ons) that may be purchased by Licensee from time to time to extend the functionality of the Licensed Product by enabling additional profiles. This definition of Licensed Product applies to all Flowerfire products howsoever the constituent items are delivered to Licensee, including by electronic delivery.
Sample 1
THE LICENSED PRODUCT a) The Data Feed that may be requested by the Client and referred to in this Agreement is set out in Schedule I and Schedule II.
Sample 1
THE LICENSED PRODUCT. It is agreed and understood that the product being licensed (the "Licensed Product") by this Agreement, refers to the use of the Trade Secrets, and subsequently to the Patent Rights -- if and when granted, for the sole purpose of developing and maintaining the third and subsequent generations of the Software, which will be designed to carry out the Real MonetizationTM process for any and all financial instruments that are defined directly in terms of the nominal United States Dollar (1.00 USD): all of which the Licensee may then:
Sample 1
THE LICENSED PRODUCT. St. Xxxx represents and warrants that (i) St. Xxxx is either the author of the Licensed Product and the St. Xxxx Documentation or has obtained and currently holds all rights necessary to grant the licenses and rights granted herein, (ii) the Licensed Product and the St. Xxxx Documentation have not been published under circumstances that have caused the loss of copyright therein; (iii) the Licensed Product and the St. Xxxx Documentation shall substantially conform to the Structural Definition and shall function on the machines and with the operating systems identified in the Structural Definition in accordance with same, (iv) the Licensed Product will not contain any virus, clock, time bomb, or other disabling device; (v) the Liscensed Product is year 2000 compliant; (vi)
Sample 1
THE LICENSED PRODUCT. Subject to the provisions of this Software License Agreement, the Licensor grants to the Licensee the right to use the following software referred to as the “ICON-Software”. The ICON-Software includes the source code, ex- ecutable programs, run scripts and data files. Name: ICON modelling framework 1 xxxx://xxx.xxxxxx.xxx.xx/en/science/models/license/ Short description: Non-hydrostatic numerical model for the simulation of the amosphere, the ocean and the surface/soil. Access: The ICON-Software is accessible to the Licensee via a password protected server at MPI-M The ICON modelling framework is built up from several components (e.g. model data) which can be configured to obtain different model configura- tions. Depending on the version of the ICON modelling framework, differ- ent model configurations are provided to the Licensee. The Licensor reserves the right to modify the ICON modelling framework and releases new versions of it. Together with each new version of the ICON modelling framework, the Licensor can release a new version of this license. Each version of the ICON modelling framework must only be used with the corresponding version of this license. The ICON-Software consists and makes use of components / configurations being jointly developed and provided by the MPI-M and the DWD (see Sec- tion 2.1) as well as various other third party components (see Section 2.2) as set out in detail in the following sections.
Sample 1

Related to THE LICENSED PRODUCT

  • Licensed Product “Licensed Product” shall mean any article, composition, apparatus, substance, chemical material, method, process or service whose manufacture, use, or sale is covered or claimed by a Valid Claim within the Patent Rights. For clarity, a “Licensed Product” shall not include other product or material that (a) is used in combination with Licensed Product, and (b) does not constitute an article, composition, apparatus, substance, chemical material, method, process or service whose manufacture, use, or sale is covered or claimed by a Valid Claim within the Patent Rights.

  • Licensed Products Lessee will obtain no title to Licensed Products which will at all times remain the property of the owner of the Licensed Products. A license from the owner may be required and it is Lessee's responsibility to obtain any required license before the use of the Licensed Products. Lessee agrees to treat the Licensed Products as confidential information of the owner, to observe all copyright restrictions, and not to reproduce or sell the Licensed Products.

  • Marking of Licensed Products To the extent commercially feasible and consistent with prevailing business practices, Company shall xxxx, and shall cause its Affiliates and Sublicensees to xxxx, all Licensed Products that are manufactured or sold under this Agreement with the number of each issued patent under the Patent Rights that applies to such Licensed Product.

  • Licensed Technology The term “Licensed Technology” shall mean the Licensed Patent Rights, Licensed Know-How and Licensed Biological Materials.

  • SOURCE CODE ESCROW FOR LICENSED PRODUCT If Source Code or Source Code escrow is offered by either Contractor or Product manufacturer or developer to any other commercial customers, Contractor shall either: (i) provide Licensee with the Source Code for the Product; or (ii) place the Source Code in a third party escrow arrangement with a designated escrow agent who shall be named and identified to the State, and who shall be directed to release the deposited Source Code in accordance with a standard escrow agreement acceptable to the State; or (iii) will certify to the State that the Product manufacturer/developer has named the State, acting by and through the Authorized User, and the Licensee, as a named beneficiary of an established escrow arrangement with its designated escrow agent who shall be named and identified to the State and Licensee, and who shall be directed to release the deposited Source Code in accordance with the terms of escrow. Source Code, as well as any corrections or enhancements to such source code, shall be updated for each new release of the Product in the same manner as provided above and such updating of escrow shall be certified to the State in writing. Contractor shall identify the escrow agent upon commencement of the Contract term and shall certify annually that the escrow remains in effect in compliance with the terms of this clause. The State may release the Source Code to Licensees under this Contract who have licensed Product or obtained services, who may use such copy of the Source Code to maintain the Product.

  • Product ACCEPTANCE Unless otherwise provided by mutual agreement of the Authorized User and the Contractor, Authorized User(s) shall have thirty (30) days from the date of delivery to accept hardware products and sixty (60) days from the date of delivery to accept all other Product. Where the Contractor is responsible for installation, acceptance shall be from completion of installation. Failure to provide notice of acceptance or rejection or a deficiency statement to the Contractor by the end of the period provided for under this clause constitutes acceptance by the Authorized User(s) as of the expiration of that period. The License Term shall be extended by the time periods allowed for trial use, testing and acceptance unless the Commissioner or Authorized User agrees to accept the Product at completion of trial use. Unless otherwise provided by mutual agreement of the Authorized User and the Contractor, Authorized User shall have the option to run testing on the Product prior to acceptance, such tests and data sets to be specified by User. Where using its own data or tests, Authorized User must have the tests or representative set of data available upon delivery. This demonstration will take the form of a documented installation test, capable of observation by the Authorized User, and shall be made part of the Contractor’s standard documentation. The test data shall remain accessible to the Authorized User after completion of the test. In the event that the documented installation test cannot be completed successfully within the specified acceptance period, and the Contractor or Product is responsible for the delay, Authorized User shall have the option to cancel the order in whole or in part, or to extend the testing period for an additional thirty (30) day increment. Authorized User shall notify Contractor of acceptance upon successful completion of the documented installation test. Such cancellation shall not give rise to any cause of action against the Authorized User for damages, loss of profits, expenses, or other remuneration of any kind. If the Authorized User elects to provide a deficiency statement specifying how the Product fails to meet the specifications within the testing period, Contractor shall have thirty (30) days to correct the deficiency, and the Authorized User shall have an additional sixty (60) days to evaluate the Product as provided herein. If the Product does not meet the specifications at the end of the extended testing period, Authorized User, upon prior written notice to Contractor, may then reject the Product and return all defective Product to Contractor, and Contractor shall refund any monies paid by the Authorized User to Contractor therefor. Costs and liabilities associated with a failure of the Product to perform in accordance with the functionality tests or product specifications during the acceptance period shall be borne fully by Contractor to the extent that said costs or liabilities shall not have been caused by negligent or willful acts or omissions of the Authorized User’s agents or employees. Said costs shall be limited to the amounts set forth in the Limitation of Liability Clause for any liability for costs incurred at the direction or recommendation of Contractor.

  • New Products You agree to comply with NASD Notice to Members 5-26 recommending best practices for reviewing new products.

  • Licensee Licensee represents and warrants that:

  • Commercialization License Subject to the terms of this Agreement, including without limitation Section 2.2 and Theravance's Co-Promotion rights in Section 5.3.2, Theravance hereby grants to GSK, and GSK accepts, an exclusive license under the Theravance Patents and Theravance Know-How to make, have made, use, sell, offer for sale and import Alliance Products in the Territory.

  • Territory 43.1 This Agreement applies to the territory in which Verizon operates as an Incumbent Local Exchange Carrier in the Commonwealth of Pennsylvania. Verizon shall be obligated to provide Services under this Agreement only within this territory.

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