Current Products definition
Examples of Current Products in a sentence
Seller shall invoice Buyer within 60 days after each shipment of such Current Product for the applicable Have Made Costs for the Current Products included in such shipment.
Within sixty days after the end of each calendar quarter, Seller shall, if applicable, provide Buyer with reasonable detail and documentation backup to support the calculation of and bases for Have Made Costs with respect to Current Products shipped in such quarter.
All of the Current Products are included in the Assets and, effective upon consummation of the Closing, SPSS will obtain and hold the complete and exclusive right, title and interest in and to all of the Current Products.
To the best knowledge of Seller as of the Effective Date, except pursuant to licenses obtained by Purchaser, none of the products or processes using the Intellectual Property Rights as used in the Current Products infringes on the proprietary rights of any third party, no product (or component thereof) or process used by, sold or manufactured for, or supplied to, Seller or Purchaser infringes or otherwise violates the proprietary rights of any other Person.
Access Royalties payable are as follows: $300 CDN per licence term (BSB raster charts, S-57 vector charts, Tide and Current Products and/or Data, Sailing Directions Products and/or Data); Multibeam Data and/or Products: an access royalty as set out in the Multibeam Royalty Matrix listed on ▇▇▇.▇▇▇▇▇▇.▇▇.▇▇, as amended from time to time; CHS Source Hydrographic/Field data: an access royalty of $75 CDN per sheet per licence term; plus any applicable shipping, handling and taxes.