Commercial Term definition

Commercial Term means the term that begins when JNBridge receives the License Fee from Licensee and Licensee activates the Software, and continues thereafter in perpetuity unless either party terminates this Agreement in accordance with the terms herein.
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Commercial Term means the period starting on the Commercial Operation Date and ending at the end of the Term.
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Commercial Term means the economic terms of the contractual relationship as contained in the Form Order and agreed upon by the Parties.
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Examples of Commercial Term in a sentence

  • To the extent of any conflict or inconsistency between these Terms and any Commercial Terms, these Terms prevail over any Commercial Terms to the extent of the conflict or inconsistency, unless under the Commercial Terms the parties expressly agree in writing that a specific conflicting or inconsistent term or condition in these Terms is to be replaced by a specific term or condition in the Commercial Term.

  • Parent is making the foregoing representation and warranty after consultation with its Tax counsel and with full knowledge of the terms of this Agreement, the Commercial Term Sheets and the Separation Principles.

  • Notwithstanding the above, Design Builder may propose Designs, Plans or other Submissions that may alter a Commercial Term or the Owner’s/DES’ Project Criteria; however, with any such Design Materials, Design Builder must provide notice pursuant to Article 10 of the General Conditions.

  • ANNEXURE- II Check list of Commercial Term and Conditions Tenderers are requested to confirm their acceptance or non acceptance for the various commercial terms and conditions as per NIT as mentioned below and submitted the same with their offer duly signed and stamped.

  • Dy.GM(MM)/WD ANNEXURE- II Check list of Commercial Term and Conditions Tenderers are requested to confirm their acceptance or non acceptance for the various commercial terms and conditions as per NIT as mentioned below and submitted the same with their offer duly signed and stamped.

  • TRADE TERMS: Whenever an International Commercial Term (Inco term) is used in this Contract, the same would be, interpreted in accordance with the International Commercial Term , 2010 subject to the judicial interpretation followed in India.

  • The Company is making the foregoing representation and warranty after consultation with its Tax counsel and with full knowledge of the terms of this Agreement, the Commercial Term Sheets and the Separation Principles.

  • PiM Arts High School may disclose directory information from the education records of a student and information regarding parents without prior written consent of the parent of the student or eligible student, except as provided herein.

  • The County has adopted a cafeteria plan which allows employees to elect preferential tax treatment for health insurance premiums, un-reimbursed medical expenses, and child care expenses.

  • Each arbitrator will render his or her decision based primarily on the terms set forth in the Commercial Term Sheets and secondarily on the basis of what is reasonable and customary in the relevant industries for agreements of the same type as the relevant Commercial Agreement.


More Definitions of Commercial Term

Commercial Term means the period of time commencing on the Option Effective Date and continuing uninterrupted until the later of (i) the expiration, invalidation of all claims of, or cancellation of the last to expire of the Patent Rights, or (ii) in the event Plant Variety Rights are granted for any plant variety that is a Licensed Product, the expiration, invalidation of all claims of, or cancellation of such Plant Variety Rights.
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Commercial Term shall have the meaning set forth in Section 3.1.
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Related to Commercial Term

  • Commercial Terms means this Agreement excluding the Purchase Order;

  • Initial Term has the meaning set forth in Section 7.1.

  • License Term means the duration of a License as specified in the Order.

  • Academic term means a division of the school year during which a course of studies is offered, and includes a semester, quarter, or single consolidated summer term as defined by the institution.

  • Collaboration Term has the meaning set forth in Section 2.1(h).

  • Renewal Term has the meaning set forth in Section 2.

  • Project Term the period from the Operation Commencement Date to the Expiry Date or the Termination Date, whichever occurs first, which is further described in Clause 3;

  • Research Term has the meaning set forth in Section 3.2.

  • Development Term means the period commencing on the Closing Date and ending on the earlier of (a) the Option Closing Date or (b) the date the Option terminates or expires other than by exercise.

  • Minimum Term means the minimum period of service for each Service as shown on the Service Agreement, such period to start on the date on which the relevant Service is first made available to you for use;

  • Commercial Sale means for a given product and country the sale for value of that product by a Party (or, as the case may be, by an Affiliate or permitted sublicensee of a Party), to a Third Party after regulatory approval (if necessary) has been obtained for such product in such country.

  • Extended Term shall have the meaning given such term in Section 2.4.

  • Royalty Term has the meaning set forth in Section 8.3(b).

  • Research Period means the research period as described in the Commissioned Research Plan. In accordance with the provisions of this Agreement, in the event that the Agreement ended prior to the completion date of the research originally set, the date the Agreement ends shall be read as the research period.

  • Exclusivity Period shall have the meaning set forth in Section 6.11.

  • Research Program Term has the meaning set forth in Section 2.2.

  • Patent Term Extension means any term extensions, supplementary protection certificates, regulatory exclusivity and equivalents thereof offering patent protection beyond the initial term with respect to any issued Patents.

  • Agreement Term has the meaning set forth in Section 11.1.

  • Original Term shall have the meaning specified in Section 10 hereof.

  • Commercial Launch means the initial First Commercial Sale of a Product in the Territory.

  • Regulatory Exclusivity Period means, with respect to each Licensed Product in any country in the Territory, a period of exclusivity (other than Patent exclusivity) granted or afforded by Applicable Law or by a Regulatory Authority in such country which confers an exclusive Commercialization period during which AbbVie or its Affiliates or Sublicensees have the exclusive right to market and sell a Licensed Compound or Licensed Product in such country through a regulatory exclusivity right.

  • Contract Term means period of performance set forth in the paragraph entitled “Term” contained in Exhibit E.

  • License Period means the period beginning from the Commencement Date and ending on the Termination Date.

  • Development Phase means the period before a vehicle type is type approved.

  • Renewal Period “Buyer” and “Default” have the same meanings respectively as they have in the Water Agreement.

  • Contract Term Extension means an extension of the term of this contract, at the request of Purchaser, under this Subsection. This Subsection does not obligate Contracting Officer to grant Contract Term Extension. When such extension is made, Forest Service shall make an appraisal using standard Forest Service methods and appraisal data in effect 45 days prior to the original Termination Date. Bid Premium Rates shall be added to such appraised rates to establish Flat Rates or Tentative Rates for the extension period. In event rates so established would develop Current Contract Value immediately prior to such an extension that is less than Current Contract Value at that time, Flat Rates and Tentative Rates in effect immediately prior to extension shall be retained for the extension period. In consideration for granting an extension, Purchaser shall pay the Government for Purchaser’s failure to cut and remove timber meeting Utilization Standards prior to Contract Term Extension, an amount that shall be the total of the costs to the Government resulting from the delay in harvest of Included Timber. Such costs will be determined by Forest Service and shall include, but not be limited to, the following: