ASRI definition

ASRI means ARAM Seismic Rentals, Inc., a company organized under the Laws of the State of Texas. “Bankruptcy Exception” has the meaning set forth in Section 3.3(b).
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ASRI means ARAM Seismic Rentals, Inc., a company organized under the Laws of the State of Texas.
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ASRI means ARAM Seismic Rentals, Inc., a company organized under the Laws of the State of Texas. “Bankruptcy Exception” has the meaning set forth in Section 3.3(b). “Books and Records” means, with respect to any Person, all books, records, Contracts, documents, instruments, ledgers, reports, plans and files related to the conduct of the businesses of such Person, in paper, electronic or other forms that are maintained by or on behalf of the Person. “Bridge Loan Conversion” has the meaning set forth in Section 2.3(b)(ii). “Business” means the business of design, development, engineering, manufacture, research and development, distribution, sales and marketing and field support of land-based equipment used in seismic data acquisition for the energy and petroleum industry and, (i) with specific reference to the Seller, the Seller Group, the Company or the Company Group, means such business as conducted by the Seller Group, including (A) any and all existing products and technologies comprising the Scorpion®, Aries®, FireFly®, ▇▇▇▇▇▇, vibroseis, eVib, Connex and land VectorSeis® product lines and businesses; (B) ARAM equipment rental business as conducted by ARC and ASRI; and (C) any research and development of, improvements on and new products by the Seller Group (but only prior to the Closing) or the Company Group based on the products referred to in clauses (A) to (B), other than, in each case, the Excluded Business; and (ii) with specific reference to the Purchaser or the Purchaser Group, means such business as conducted by the Purchaser Group, including the research, development and production of certain land seismic recording systems and auxiliary equipment, other than the Excluded Business. “Business Assets” means all tangible and intangible assets necessary to or principally used in the conduct of the Business as presently conducted and operated by a Relevant Group, including (i) the Transferred Business Assets, (ii) the facilities and services to which the Company Group will have a contractual right pursuant to the transfer or assignment of the Transferred Material Contracts and the Transferred Business IP Agreements and (iii) the rights and services to be provided to the Company pursuant to the Transaction Documents. “Business Day” means any day other than a Saturday, a Sunday or a day on which banks in the PRC or the U.S. are permitted or obligated by applicable Law to be closed. “Business Employee” means any current employee, officer, director or consul...
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Examples of ASRI in a sentence

  • ASRI may agree to allow Company to sponsor research at another institution mutually agreeable to the parties, if no interested researcher at ASRI can be identified within sixty (60) days of Company's written request.

  • If the Company shall have supplied ASRI with written evidence demonstrating to ASRI's satisfaction prima facie infringement of a claim of a Licensed Patent, by a third party making, using or selling products in competition with the Company or any of its Affiliates or Sublicensees, the Company may by notice request that ASRI take steps to assert the Licensed Patent.

  • If a Licensed Product is derived from more than one Licensed Patent and/or uses more than one Licensed Material, Company is obligated to pay only one royalty to ASRI, which shall be the highest royalty applicable with regard to such License Patent or Licensed Material.

  • Each agreement by ASRI to allow another entity or individual to use the exclusively Licensed Patents or Licensed Materials for noncommercial research purposes shall contain provisions requiring prompt disclosure to ASRI of inventions and discoveries, providing for each such invention and discovery to be covered by appropriate patent filings and/or confidentiality (unless otherwise agreed by the Company), and assigning rights to Follow-on Technology to Company in accordance with this provision.

  • ASRI will protect its Licensed Patents from infringement and prosecute infringers at its own expense when in its sole judgment such action may be reasonably necessary, proper, and justified.

  • If such independent accountant determines that Company has underpaid royalties by five percent (5%) or more with respect to any calendar quarter, Company will pay the costs and expenses incurred by ASRI in connection with such inspection and copying.

  • All obligations of confidentiality imposed under this Section 17 shall expire upon the later of (a) the date when no further royalties are payable to ASRI under this Agreement, and (b) five (5) years after the date the applicable Confidential Information is disclosed.

  • The Company, by counsel it selects to whom ASRI has no reasonable objection will prepare, file, prosecute and maintain all Licensed Patents in ASRI's name and in countries designated by the Company.

  • If Company does not abide by the decision of the Parties or a ruling of the arbitrator within sixty (60) days after such decision or ruling, ASRI may thereafter terminate or convert the license as provided above in subparagraphs 6 (a), (b) or (c), as applicable.

  • Any notice required or permitted to be given under this Agreement shall be sufficient if sent by certified mail (return receipt requested), postage pre-paid, if to ASRI, to: President and CEO Allegheny Singer Research Institute ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇-▇▇▇▇ copy to: General Counsel Allegheny Singer Research Institute ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇-▇▇▇▇ if to the Company, to: ▇▇▇▇▇▇ ▇.