Derivative Rights definition
Examples of Derivative Rights in a sentence
In scope not provided for in this Agreement, the regulations of the Civil Code and the Act on Copyrights and Derivative Rights shall apply.
Neither the Security Agent nor any other Beneficiary shall be required to assume or be under any obligation in any manner to perform or fulfil any obligation of either of the Members under or pursuant to any of the Member's Interests or any of the Derivative Rights.
Within ten (10) days of such notification the Seller shall have the right to accept the offer to acquire such additional Derivative Rights on the terms stated therein, provided that no such Derivative Rights may be acquired or exercised by the Seller in the event the Seller fails to obtain any required Authorization (including, without limitation, the relevant Authorization from the CBR).
Until the occurrence of a Declared Default all voting powers and rights attaching to LLP Interests (including Derivative Rights) belonging to a Member shall continue to be exercised by such Member for so long as it remains their registered owner and such Member shall not permit any person other than such Member, the Security Agent or the Security Agent's nominee to be registered as holder of such LLP Interests or any part of them except as permitted under the Facilities Agreement.
The Buyers undertake to cause GTI to notify the Seller of any Derivative Rights granted with respect to GTI Stock during the above period and offer to the Seller to acquire such additional Derivative Rights as may be necessary to maintain the percentage ownership of GTI Stock acquired by the Seller on the Closing Date.