Commercially Exploited definition

Commercially Exploited means the use, sale, lease or other activity serving to generate income on the Assigned Product.
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Examples of Commercially Exploited in a sentence

  • USFRF will permit SWT to sublicense its rights to Commercially Exploit Licensed Products, provided that SWT pay royalties to USFRF as if SWT had Commercially Exploited Licensed Products sold by it's sublicensees which may have been granted sublicenses by SWT.

  • Licensee agrees that each and every Product Commercially Exploited by it and its Sublicensees hereunder shall be marked with statutory patent marking.

  • Company may purchase one year extensions in addition to the seven years provided for Commercial Exploitation at a cost of $100,000 per Licensed Patent per year of extension to avoid the reversion of any Patent Right that has not been Commercially Exploited or Developed.

  • Promptly following the first (1st) anniversary of the expiration of the Term (the “Unexploited Old Compositions Calculation Date”), Grantor may request the reversion of the full copyright and one hundred percent (100%) of administration of solely the Old Compositions that have not been Commercially Exploited (as defined below) (each such Old Composition, an “Unexploited Old Composition”), by providing written notice thereof to Publisher and Reservoir (“Full Reversion”).

  • Within thirty (30) days following the end of each calendar quarter during the term of this Agreement, Licensee will submit to Licensor a report setting forth separately all Products Commercially Exploited and licenses granted by Licensee, the Net Revenue with respect thereto, and the royalties due and payable to Licensor hereunder.

  • USFRF will permit GENTEST to sublicense its rights to Commercially Exploit Licensed Products, provided that GENTEST shall pay royalties to USFRF as if GENTEST had Commercially Exploited Licensed Products sold by its sublicenses which may have been granted by GENTEST.

  • USFRF will permit CWT to sublicense its rights to Commercially Exploit Licensed Products, provided that CWT pay royalties to USFRF as if CWT Had Commercially Exploited Licensed Products sold by it sublicenses which may have been granted by CWT.

  • Service Provider will pay amounts due and properly invoiced within the period specified on the invoice.

Related to Commercially Exploited

  • Commercially Useful Function means responsibility for the execution of a distinct element of the work of the contract, which is carried out by actually performing, managing, and supervising the work involved, evidencing the responsibilities and risks of a business owner such as negotiating the terms of (sub)contracts, taking on a financial risk commensurate with the contract or its subcontract, responsibility for acquiring the appropriate lines of credit and/or loans, or fulfilling responsibilities as a joint venture partner as described in the joint venture agreement.

  • Commercialized shall have corresponding meanings.

  • Commercially Reasonable Efforts means [***].

  • Commercially available means, in relation to a work or other subject-matter,

  • Commercially Reasonable or “Commercially Reasonable Efforts” means, with respect to any action required to be made, attempted or taken by a Party under this Agreement, the level of effort in light of the facts known to such Party at the time a decision is made that: (a) can reasonably be expected to accomplish the desired action without a material increase in costs incurred by such Party; (b) is consistent with Prudent Industry Practices; and (c) takes into consideration the amount of advance notice required to take such action, the duration and type of action and the competitive environment in which such action occurs.