COTF Qualified Participant definition
COTF Qualified Participant means those certain entities that were either founding participants in the COTF (the “COTF Founding Participants”) or that are members of the COTF Executive Committee (the “COTF Executive Committee Participants”), together with their Affiliates or Subsidiaries, as applicable, in each case that are set forth on Exhibit C to this Agreement. FFAR, on behalf of the COTF, may update Exhibit C on each anniversary of the Effective Date to include any additional COTF Qualified Participants. All such COTF Qualified Participants will be third party beneficiaries of this Agreement as far as it concerns the rights granted to them hereunder. Said COTF PPI Party and/or its Affiliates and/or said COTF Founding Participants and their Subsidiaries or Affiliates as noted on Exhibit C shall possess the full, unencumbered ownership of its Own Results and all (user) rights pertaining thereto, without any further obligations towards the other Parties. These rights include the right to apply for intellectual property rights with regard to the aforementioned Own Results. Subject to Intellectual Property Rights of Clause 6, and taking into consideration Clause 5.F hereafter, COTF Executive Committee Participants who are not COTF PPI Parties shall have the option to negotiate with the University for access to the Results developed by University. The Parties hereby understand and agree that the rights to the Results outlined in this Clause 5.E. are distinct from, and do not include the rights to, or of use, regarding Inventions, which are described in Clause 6 of this Agreement.