Contractual Restriction definition

Contractual Restriction has the meaning set out in Section 4.2(a);
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Contractual Restriction means, with respect to any Intellectual Property Right, any restriction regarding territory or exclusivity as set forth in the documents or other instruments pursuant to which the Company or its Subsidiaries acquired their right, title or interest in or to such Intellectual Property Right.
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Contractual Restriction means a restriction, prohibition or covenant, in any material agreement of the Company, including any agreement relating to its indebtedness, which prohibits the declaration, payment or setting apart for payment of any Dividend payable hereunder, or provides that such declaration, payment or setting apart for payment would constitute a breach thereof or a default thereunder.
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Examples of Contractual Restriction in a sentence

  • At the end of the Hold Back Period, the Contractual Restriction Legend found in Section 11.3 shall be removed from the Hold Back Shares to reflect the expiration of the Hold Back Period.

  • The Company is not subject to any restriction (whether contractual, legal or otherwise) on the use of any material Intellectual Property Rights which are owned by or licensed to the Company, other than any Contractual Restriction.

  • Notwithstanding anything to the contrary contained herein, the Contractual Restriction shall cease to apply in respect of all Chemesis Shares issued to the GSRX Stockholder on the Closing Date in the event of a Change of Control (as defined below).

  • At the end of the Hold Back Period, the Contractual Restriction Legend found in Section 10.3 shall be removed from the Hold Back Shares to reflect the expiration of the Hold Back Period.

  • If any such Holders have not timely delivered Put Withdrawal Notices, the Company thereupon shall purchase from such Holders the aggregate amount of Stock Units, if any, it may purchase on such date with funds legally available under Delaware corporate law for such purpose (subject to the Permitted Contractual Restriction).


More Definitions of Contractual Restriction

Contractual Restriction as defined in Section 2.12(b).
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Related to Contractual Restriction