Declining Party definition

Declining Party has the meaning assigned to such term in Section 2.19(b) hereof.
View Source
Declining Party means a Party that notifies the other Party(ies) that it elects to abandon particular Patent Rights or elects to not pay or to discontinue paying its Share of Patent Expenses for particular Patent Rights in accordance with Paragraphs 2.2, 2.3, 4.1(b) or 4.1(c), including declining to pay expenses in excess of the Patent Expense Cap set forth in the Transaction Terms, if any.
View Source
Declining Party has the meaning set forth in Section 13.4.2(c).
View Source

Examples of Declining Party in a sentence

  • The Commitment of any Lender that is a Declining Party shall terminate on the Original Stated Termination Date.

  • Any Lender or Administrative Agent or each Issuing Bank that has not so advised the Borrower and the Administrative Agent by such Extension Date shall be deemed to have declined to agree to such extension and shall be a Declining Party.

  • The Non-Declining Party shall reimburse the Declining Party for any expenses the Declining Party incurs in evaluating, prosecuting, maintaining or consulting with Company with regard to any patent application described herein.

  • The party declining to bear its share of the expenses of prosecuting or maintaining patents covering a Joint Invention (the "Declining Party") agrees to execute any and all forms, assignments or other documents to effect the foregoing; provided, however, that the Declining Party will *** *** Portions of this page have been omitted pursuant to a request for Confidential Treatment and filed separately with the commission.

  • If a Party elects to abandon particular Patent Rights or elects to not pay or discontinue paying its Share of Patent Expenses and thereby become a Declining Party, then the other Party(ies) may elect to (a) pay the Declining Party’s Share of Patent Expenses and the Agreement remains in force, or (b) terminate the Agreement by providing 30 days prior written notice.


More Definitions of Declining Party

Declining Party shall have the meaning set forth in Section 7.3(a)(iii).
View Source
Declining Party shall have the meaning set forth in Section 6.2.1(b) hereof.
View Source
Declining Party has the meaning set forth in Section 5.4(e).
View Source
Declining Party has the meaning specified in Section 9.15.
View Source
Declining Party has the meaning given in Clause 7.4(b); Defaulting Investor has the meaning given in Clause 6.3; disclosing party has the meaning given in Clause 5.3;
View Source
Declining Party shall have the meaning as defined in Section 10.5;
View Source
Declining Party has the meaning ascribed to it in Article ‎12.1 (f).
View Source