Use or Sale of IDTEK Licenses Sample Clauses

Use or Sale of IDTEK Licenses. Protek Credit. For a period beginning on the Effective Date and ending March 15, 2006 (the "7-Year Period"), Protek shall have the right to obtain from IDTEK nonexclusive licenses, and any other type of contracts granted by IDTEK from time to time, for the Licensed Technology in fields and subfields of license not then subject to exclusive licenses and in fields and subfields subject to exclusive licenses with the written consent of the exclusive licensee, which consent may be withheld for any reason ("Nonexclusive License Agreements"). These licenses may be obtained for use as a licensee by Protek or by Protek's designee, which is reasonably acceptable to IDTEK, at IDTEK's then current best rates for comparable licenses and in both cases IDTEK, as the Licensor, shall be granting the licenses to Protek or Protek's designee. The Nonexclusive License Agreements shall be in the form attached hereto as Exhibit B, with such changes as IDTEK shall make from time to time in its standard nonexclusive license agreement, including, without limitations, changes to license fees, surcharges and term; provided, however, that in all events such licenses shall contain provisions substantially similar to Sections 4.2 and 4.5 of the License Agreements. Protek shall receive a booking credit of $2,625,000 which shall, at Protek's option, on a license-by-license basis, be applied to the initial license fees required to be paid in connection with the Nonexclusive License Agreements granted to Protek or its designee pursuant to this Section 2 or in connection with the acquisition of exclusive license agreements by Protek pursuant to Section 6 hereof ("Protek's License Credit"). The amount to be charged to Protek's booking credit for each license shall be the initial license fee then chargeable by IDTEK to Protek on a comparable license. Protek shall not be entitled to any payment or other credit from the Protek License Credit if it does not utilize the cumulative total of $2,625,000 credit granted under this Section 2 prior to the expiration of the 7-Year Period. If a license is sold to a Protek designee, any license fees to be charged against Protek's License Credit that are received by IDTEK shall be paid to Protek within ten (10) business days after IDTEK actually receives (i.e., good funds) those license fees from the Protek designee. Notwithstanding anything herein contained to the contrary, the parties agree that IDTEK shall have no obligation to issue any license to Prote...
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Related to Use or Sale of IDTEK Licenses

  • Termination of Licenses In the event of a termination of this Agreement by COMPANY pursuant to Article 9.2. 9.3 or 9.4 or by SELEXIS pursuant to Article 9.2 or 9.3, all and any rights and licenses granted under this Agreement shall terminate upon termination of this Agreement, except for the licenses which have become perpetual pursuant to Article 3.1.3.

  • Grant of License to Use Intellectual Property For the purpose of enabling the Collateral Agent to exercise rights and remedies under this Article at such time as the Collateral Agent shall be lawfully entitled to exercise such rights and remedies, each Grantor hereby grants to the Collateral Agent an irrevocable, non-exclusive license (exercisable without payment of royalty or other compensation to the Grantors) to use, license or sub-license any of the Collateral consisting of Intellectual Property now owned or hereafter acquired by such Grantor, and wherever the same may be located, and including in such license reasonable access to all media in which any of the licensed items may be recorded or stored and to all computer software and programs used for the compilation or printout thereof. The use of such license by the Collateral Agent shall be exercised, at the option of the Collateral Agent, upon the occurrence and during the continuation of an Event of Default; provided that any license, sub-license or other transaction entered into by the Collateral Agent in accordance herewith shall be binding upon the Grantors notwithstanding any subsequent cure of an Event of Default.

  • Trademark License (a) Reuters and TSI acknowledge that Reuters has, pursuant to the Existing License Agreement, assigned to TSI all of its (and TFT’s) right, title and interest in and to the Transferred TIB-Related Marks and all goodwill associated therewith. Reuters hereby continues to assign to TSI any right, title and interest that it may have or obtain in the Transferred TIB-Related Marks or the goodwill associated therewith. At TSI’s sole expense, Reuters shall perform such acts and execute such documents as are reasonably required to perfect the foregoing assignment and obtain and enforce trademark, service xxxx and other similar rights in the Transferred TIB-Related Marks. TSI hereby grants to Reuters a perpetual, royalty-free, irrevocable, worldwide right and license in favor of Reuters and its Affiliates to use Transferred TIB-Related Marks in connection with the marketing, use, sale and distribution of any of Reuters’ and their Affiliates’ respective products or the provision by Reuters or their Affiliates of any services. Reuters and its Affiliates’ right to use such Transferred TIB-Related Marks shall be only in conformance with TSI’s trademark usage guidelines delivered to Reuters from time to time, which guidelines shall be reasonable and shall not be inconsistent with the scope of the license herein granted and shall not become effective prior to thirty (30) days after notice thereof has been given by TSI. TSI shall maintain the right to substitute any alternative trademark to the Transferred TIB-Related Marks in the event such Transferred TIB-Related Xxxx is held to infringe any other xxxx; provided that, if TSI advises either or both of Reuters in writing of an alleged infringement, Reuters will be responsible for any and all losses, liabilities, damages, costs and expenses assessed or incurred as a result of such actual or alleged infringement that accrue on or after the date of such notice.

  • Termination of License Upon the expiration or earlier termination of this Agreement (or of a Licensee’s rights to use the Citi Marks hereunder, in which case the following provisions of this Section 6.02 shall apply only with respect to such Licensee):

  • Exclusive License Licensor hereby grants to Licensee and Licensee hereby accepts from Licensor, upon the terms and conditions herein specified, a sole and exclusive license under the Licensed Patent Rights in the Territory, and in the Field of Use to develop, make, have made, import, have imported, use, offer to sell, sell and otherwise commercialize Licensed Product(s).

  • Development License A non-transferable (except as provided in Section 17.1 (Assignment)), sublicensable (subject to Section 11.2.5 (Voyager Sublicense Rights)), worldwide, non-exclusive, royalty-free license under the Genzyme Technology, Genzyme Collaboration Technology and Genzyme’s interest in the Joint Collaboration Technology to (a) Develop the Split Territory Licensed Products and conduct such Split Territory Licensed Program inside and outside the Voyager Territory for Commercialization of such Split Territory Agreement Products in the Field in the Voyager Territory, and (b) Manufacture the Split Territory Licensed Products inside or outside of the Voyager Territory for the purposes of such Development, in each case (a) and (b) as and to the extent set forth in any Global Development Plan or Voyager Territory Development Plan.

  • Trademark Licenses The parties hereby grant to each other non-exclusive, fully-paid, royalty-free licenses to utilize the other party’s trademarks, as follows:

  • Patent License Licensor hereby grants to Licensee an exclusive, royalty-bearing, non-transferable license under the Licensed Patents to make, offer to sell, sell and export Licensed Products within the Field of Use and subject to the Field of Use Restrictions. This license shall not include the right to grant sublicenses.

  • Termination of License Agreement Without limiting the generality of the foregoing, in the event that the License Agreement is terminated in accordance with its terms, this Agreement, including without limitation any Purchase Order(s) or Project Work Orders then-in-effect, shall automatically terminate in its entirety as of the effective date of termination of the License Agreement.

  • Trademark License Agreement Buyer shall have executed and delivered to Sellers the Trademark License Agreement.

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