Applicable Licensee definition
Examples of Applicable Licensee in a sentence
The Infringed Party and the Applicable Licensee shall use reasonable efforts to promptly resolve any objection.
The Applicable Licensee (i) shall make reasonably available to the Infringed Party upon reasonable advance notice prior to the Infringed Party’s acceptance of the AEBITDA Statement any additional financial statements and any work papers that were used by the Applicable Licensee in preparation of the AEBITDA Statement and (ii) shall respond promptly to the Infringed Party’s requests for additional information with respect to the Adjusted EBITDA calculation.
If the Infringed Party and the Applicable Licensee do not obtain a final resolution within fifteen (15) Business Days after the Applicable Licensee has received the Infringed Party’s statement of objections, the Infringed Party and the Applicable Licensee shall select a mutually acceptable independent public accountant that is working on an hourly or flat fee basis and does not receive a contingency fee or other bounty or bonus fee.
The fees and expenses of such accountant shall be borne equally by the Applicable Licensee and the Infringed Party.
The Applicable Licensee shall revise the AEBITDA Statement if necessary and as appropriate to reflect the resolution of any objections thereto, if any, pursuant to this Section 4.8(c).
The determination of such accountant shall be set forth in writing and shall be conclusive and binding upon the Infringed Party and the Applicable Licensee.
Where required by District Guidelines or Applicable Licensee Guidelines, the Licensee must ensure they maintain a comprehensive list of all Participants (including their contact information) who attend its event/programs at the Facility for 45 days or such longer period as may be required under the applicable guidelines.
The Licensee is responsible for following all Applicable Licensee Guidelines and taking all reasonable and prudent measures to mitigate this risk to Participants when present at the Facility.