Exploitation License definition

Exploitation License has the meaning set forth in Section 2.2.1 (Exploitation License).

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Exploitation License is defined in Section 6.3(b).

Exploitation License means a license granted under Article 28(3), Article 28(3) or Article 28(9), which authorizes Exploitation in respect of large-scale mining projects in accordance with this Law;

Examples of Exploitation License in a sentence

Prior to conversion from Exploration License to Exploitation License, the Company is required to produce a Feasibility Study (FS).
Such relinquishment shall be in a single unit of whole Exploration Blocks or originally existing parts of Exploration Blocks not converted into an Exploitation License (unless otherwise agreed by EMRA) so as to enable the relinquishment requirements to be precisely fulfilled.
At the end of the each Exploration period after the Effective Date hereof, Company shall relinquish to the EMRA a total of twenty percent (20%) of the original Area on the Effective Date not then converted into an Exploitation License.
Upon expiration of the Royalty Term for a given Product in a given country (i) no further Royalties will be payable in respect of sales of such Product in such country, and (ii) the licenses granted to Coya under Section 2.2.1 (Exploitation License) with respect to the Exploitation of such Product in such country will automatically become fully paid-up, perpetual, irrevocable, and royalty free.
Notwithstanding the license granted to Ionis pursuant to Section 3.1.1(a) (Collaboration Activities License Grant) and Section 3.1.2(a) (Exclusive Exploitation License Grant), subject to the terms of this Agreement, Metagenomi will retain non-exclusive rights under the Licensed Technology in the Field in the Territory for the sole purpose of performing the Metagenomi Activities or fulfilling its obligations under this Agreement, in each case, either itself or through its Affiliates, or Subcontractors.
The Contractor can use the Data free of charge whilst they remain in the Exploration License (and any subsequent Prospecting or Exploitation License).
Subject to the terms of this Agreement, including the license granted pursuant to Section 3.1.2(a) (Exclusive Exploitation License Grant), Metagenomi hereby grants to Ionis and its Affiliates a [***] non-exclusive license, with the right to sublicense through multiple tiers (subject to Section 3.1.3(b) (Sublicensing by Ionis)), under Metagenomi’s interest in the Joint Collaboration Technology [***] in the Unblocking Field in the Territory.
Qilu shall also be responsible for filing this Agreement with National Intellectual Property Administration, PRC pursuant to Measures for the Filling of Patent Exploitation License Contracts (i.e. 专利实施许可合同备案办法).
Ionis may grant sublicenses of any rights granted by Metagenomi under Section 3.1.2(a) (Exclusive Exploitation License Grant) through multiple tiers to any of its Affiliates or to one or more Sublicensees without the consent of Metagenomi; provided that such Sublicensees are not [***].
EMRA reserves the right to enter into contracts with respect to resources other than Gold and Associated Minerals with third parties in the area covered by this License provided that any activities of such third parties shall not materially interfere in any way with the activities of the Company under this License or any Exploitation License.

More Definitions of Exploitation License

Exploitation License means a document issued by MIMR which constitutes approval to extract ores and minerals (by mining or quarrying), including any direct or indirect activity required for such purpose; “Exploration Area” means, collectively, (i) the Ma’aden Land, (ii) any Substitute Ma’aden Land or (iii) any Additional Land Areas contributed to, or acquired by, the Company; “Exploration Budget” means a description in reasonable detail of operations to be conducted and objectives to be accomplished by the Company for a given period with respect to the Exploration Phase, together with a detailed estimate of all operating and capital costs to be incurred by, the Company, together with a funding plan (if relevant) including any proposed Additional Funding required by the Company with respect to such operations; “Exploration Drilling Stage” has the meaning given to it in Clause 7.3.4 (Exploration Stages); “Exploration License Applications” means applications for Exploration Licenses to explore for all of the metals set forth in Schedule 7 (Metals) in and on the Ma’aden Land, including those which as at the Effective Date have been applied for by Ma’aden as set out in 0 of Schedule 6 (Ma’aden Land Area); “Exploration License” means a document issued by MIMR which constitutes approval to conduct a detailed activity leading to the discovery of deposits, using geological, geophysical or geochemical methods, different types of drilling or any other appropriate method in any location to determine the presence, extensions, quantities, types and mining viability of such deposits and includes:

Exploitation License means a license to any Intellectual Property on the terms set forth in Section 9.11(a) or Section 9.11(b) of the Rollup Agreement, as applicable depending on identity of the licensing Party.

Exploitation License means an authorization granted by the Council of Ministers and providing its holder with the rights set forth in Section 14(3) of the Law.

Exploitation License has the meaning set forth in Section 2.2.1 (Exploitation License). 1.62.“Extended Option Exercise Period” has the meaning set forth in Section 2.1 (Option).