Declining Party definition

Declining Party has the meaning assigned to such term in Section 2.19(b) hereof.

Declining Party has the meaning set forth in Section 8.5(b).

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.

Examples of Declining Party in a sentence

• 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.

• 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, in which case the Declining Party will no longer be entitled to a Share of Net Consideration from such Patent Rights, or (b) terminate the Agreement by providing 30 days prior written notice.

• 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 receive a __% Administration Fee from the Net Consideration from such Patent Rights, or (b) terminate the Agreement by providing 30 days prior written notice.

• If the offender is to be discharged from the parole obligation, the offender shall be processed in accordance with Procedure VII.

• In the event that the Declining Party does not submit the Additional Development Opt-In Notice in accordance with Section 4.2.4(e)(i) or (ii), and the Proposing Party receives Regulatory Approval in a Major Market country with respect to the Additional Development Activities, the Proposing Party shall promptly notify the Declining Party in writing of such Regulatory Approval and the Additional Development Costs incurred by the Proposing Party (the “Regulatory Approval Update”).

More Definitions of Declining Party

Declining Party shall have the meaning set forth in Section 7.3(a)(iii).

Declining Party shall have the meaning set forth in Section 8.2.2(d).

Declining Party has the meaning set forth in Section 5.4(e).

Declining Party shall have the meaning as defined in Section 10.5;

Declining Party has the meaning given in Clause 6.5.2; "Defaulting Investor" has the meaning given in Clause 5.3;

Declining Party means an Other Institution that notifies the other Party(ies) that it elects to not pay or to discontinue paying its Share of Patent Expenses for particular Patent Rights in accordance with Sections 2.2, 2.3, 4.1(b) or 4.1(c), including declining to pay expenses in excess of the Patent Expense Notice Level set forth in the Transaction Terms, if any.

Declining Party has the meaning specified in Section 9.15.