Derivative Use definition

Derivative Use includes the right to use, execute, display, perform or reproduce the subject Technology, and the right to modify or prepare derivative works based on such Technology, but excludes any right to distribute, license, sublicense, sell or otherwise transfer or make available such Technology to any third party.
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Examples of Derivative Use in a sentence

  • Derivative usage and limits on notional amounts will be set by the Board of Directors of CMFG Life Insurance Company from time to time and must comply with the CMFG Life Insurance Company Derivative Use Plan and Derivative Policy.

  • Approval letter dated May , 2004 from the New York Department of Insurance approving the UFLIC Derivative Use Plan.

  • The Advisor will assist the Company in developing the Derivative Use Plan after the date hereof.

  • The Company reserves the right, in its sole discretion, to amend such Derivative Use Plan and agrees that any such amendments shall take effect only upon notice to the Advisor and approval by the MID.

  • Derivatives are subject to the admissibility rules and limitations set forth in the MBIA Insurance Corporation’s Investment Portfolio Derivative Use Policy.

  • Upon completion of the Proposed Transaction, the Domestic Insurers will continually monitor their policies and procedures to measure and manage counterparty risk (building off of the Domestic Insurers’ existing Derivative Use Plan filed with the CID).

  • The Company reserves the right, in its sole discretion, to amend such Derivative Use Plan and agrees that any such amendments shall take effect only upon notice to the Advisor and approval by the NYID.

  • Since December 31, 2002, all derivative instruments, including interest rate swaps, caps, floors and option agreements and other risk management arrangements, whether entered into for the account of the Company or one of its Subsidiaries, were entered into in conformity in all material respects with applicable investment policies, including in the case of ▇▇▇▇ ▇▇▇▇▇▇▇ Life Insurance Company, its Derivative Use Plan, a copy of which has been provided to Parent prior to the date of this Agreement.

Related to Derivative Use

  • Captive User means the end user of the electricity generated in a Captive Generating Plant and the term “Captive Use” shall be construed accordingly;

  • Active User means PSC employees, and any users actively participating on the system in any given month of operation, who shall be bound to the terms and conditions of this Agreement. Licensor does not impose a limit on the number of Active Users accessing or registering to use the system.

  • Exclusive use means the sole use by a single consignor of a conveyance for which all initial, intermediate, and final loading and unloading are carried out in accordance with the direction of the consignor or consignee. The consignor and the carrier must ensure that any loading or unloading is performed by personnel having radiological training and resources appropriate for safe handling of the consignment. The consignor must issue specific instructions, in writing, for maintenance of exclusive use shipment controls, and include them with the shipping paper information provided to the carrier by the consignor.

  • Derivative Work means a work that is based on one or more preexisting works (such as a revision, translation, dramatization, motion picture version, abridgment, condensation, enhancement, modification, or any other form in which preexisting work may be recast, transformed, or adapted) which, if created without the authorization of the copyright owner of the preexisting work, would constitute copyright infringement.

  • Derivative Product means a written contract or agreement between the Authority and a Reciprocal Payor, which provides that the Authority’s obligations thereunder will be conditioned on the absence of (a) a failure by the Reciprocal Payor to make any payment required thereunder when due and payable, or (b) a default thereunder with respect to the financial status of the Reciprocal Payor; and: