Butamax definition
Examples of Butamax in a sentence
If to Butamax: Chief Operating Officer Butamax Advanced Biofuels, LLC ▇▇▇▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ If to Highwater: Chief Executive Officer Highwater Ethanol LLC ▇▇▇▇▇ ▇.▇.
Butamax is a limited liability company duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation, with all requisite corporate power and authority to own, lease and operate its assets and to carry on its business as now conducted.
The term “Gevo Biocatalysts” specifically excludes Biocatalysts of Butamax.
Licensee acknowledges and agrees that Butamax shall be an intended third party beneficiary under this Agreement and Butamax have the right to enforce this Agreement against Licensee directly.
Except as expressly provided in this Section 2, nothing contained in this Agreement is intended to confer by implication, estoppel, or otherwise, upon Licensee or any other party, a license or rights in any Intellectual Property Rights of Licensor or its licensors, including, without limitation, any license or rights in or to any Intellectual Property Rights of Butamax.
Licensor may assign or transfer this Agreement or any of its rights under this Agreement or delegate any of its obligations or duties under this Agreement without the prior written consent of Licensee for any reason whatsoever in its sole and absolute discretion, including, without limitation, to Butamax pursuant to the Cross-License Agreement.
If Licensee is found not to be in compliance with this Agreement in any material respect, then Licensee will pay all costs and expenses incurred by Licensor, and will defend, indemnify and reimburse Licensor for any damages, costs or expenses based on or related to claims by third parties, including, without limitation, by Butamax, associated with such audit (including the fees and expenses of the auditor).
The BUTAMAX license granted herein is contingent upon the Parties’ execution of each of the Butamax Agreements.
Notwithstanding the foregoing, in no event may Highwater assign this Agreement or its interest in the Butamax Unit to any Competitor or any Affiliate of a Competitor.
Highwater, at its expense, will protect and defend Butamax's title to the Butamax Unit and will keep the Butamax Unit free and clear from any and all claims, liens, encumbrances and legal processes ("Liens") except for patent infringement claims.