Adverse Ruling definition

Adverse Ruling has the meaning set forth in Section 12.2.1.

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Adverse Ruling has the meaning set forth in Section 11.4.

Adverse Ruling has the meaning set forth in Section 26.1.

Examples of Adverse Ruling in a sentence

• In the event the Company terminates this Agreement due to an Adverse Ruling, the Company shall pay to the Employee the Employee’s Base Salary for the remainder of the Term in accordance with the Company’s payroll practices in effect from time to time, provided, however, the Employee is not in violation of the Confidentiality, Nondisclosure, Noncompetition, Nonsolicitation and Nondisparagement Agreement attached as Exhibit B.

• If the court enforces the Adverse Ruling against the breaching party in a judgment that is final and not appealed or subject to further appeal (a “Final Court Ruling”), the breaching party shall have sixty (60) days to abide by the Final Court Ruling.

• If the breaching party fails to abide by the Final Court Ruling enforcing the Adverse Ruling within such sixty (60) day period, then the non-breaching party shall keep all royalties and milestones held in escrow and shall make no further milestone and/or royalty payments to the breaching party.

• ESS and Vialta each covenant and agree that unless and until either (i) a ruling is issued by the Internal Revenue Service that the Distribution is a taxable event or (ii) the ruling request filed with the Internal Revenue Service with respect to the tax treatment of the Distribution (the "Ruling Request") is abandoned (either event, an "Adverse Ruling"), it will use its best efforts to cause the Distribution to qualify under Section 355 of the Code.

• Regardless of any change in circumstances, ESS and Vialta each covenant and agree that, unless there is an Adverse Ruling, it will not take or permit any such inconsistent action on or before the last day of the calendar year ending after the second anniversary of the Distribution Date other than as permitted in this Section 6.

More Definitions of Adverse Ruling

Adverse Ruling means a ruling by any court, tribunal, board, commission or other entity with jurisdiction or legal authority to determine the matter, that the supplier or business has breached an applicable employment, industrial relations or workplace health and safety law.

Adverse Ruling means a ruling, order, notice (including without limitation any improvement notice or prohibition notice), conviction or finding made or issued by any Authorised Entity.

Adverse Ruling means an order or ruling of the Bankruptcy Court which (i) denies, or has the effect of denying, approval of the Plan Releases set forth in Section 6.3 of this Agreement or (ii) renders it unlikely, in the reasonable judgment of the FE Non-Debtor Parties or the Debtors (in consultation with Committee and the Supporting Parties), that the Plan Releases set forth in Section 6.3 of this Agreement will be approved by the Bankruptcy Court.

Adverse Ruling shall have the meaning set forth in Section 6.2

Adverse Ruling has the meaning set forth in Section 12.2.1 (Termination for Material Breach).

Adverse Ruling has the meaning set forth in Section 12.3.1 (Termination for Material Breach).

Adverse Ruling shall also encompass a final order by the U.S. Patent & Trademark Office that at least claims 1, 2, 6, and 9 of the Licensed Patent are invalid.