Examples of Australian General Security Deed in a sentence
Dormant and non-material subsidiaries The Australian General Security Deed will not include security over the shares in PT Pac-Rim Kwartanusa Printing (a company incorporated in Indonesia), IPMG Singapore Pte Ltd (a company incorporated in Singapore), Traction Digital Private Ltd (a company incorporated in India) and Traction Digital Limited (a company incorporated in the United Kingdom) because they are either dormant or a non-material subsidiary (“Excluded Subsidiaries”).
Opthea or its Subsidiary party to the Guaranty and Australian General Security Deed will have the sole and exclusive right, and will use and cause such Subsidiary to use Commercially Reasonable Efforts to enforce the Product IP Controlled by Opthea or such Subsidiary, including Intellectual Property that covers the Trial Inventions, against Third Party Infringement at its sole expense.
Opthea covenants that, except as otherwise agreed in writing by Investor, all Product IP owned by Opthea as of the Effective Date or which Opthea owns in the future will at all times during the Term continue to be owned by Opthea or a wholly owned Subsidiary of Opthea party to the Guaranty and the Australian General Security Deed.
In the event of any conflict between the provisions of this Article 7 and the Australian General Security Deed, the Australian General Security Deed will prevail.
Opthea shall provide to Investor a copy of any written notice delivered by Opthea or its Subsidiary party to the Guaranty and Australian General Security Deed to a Third Party alleging or claiming such Third Party Infringement, as well as copies of material correspondence sent to or received by Opthea or its Subsidiary party to the Guaranty and Australian General Security Deed related xxxxxxx, as soon as practicable and in any event not more than five (5) Business Days following such delivery or receipt.