General Improvements definition
Examples of General Improvements in a sentence
Licensees acknowledge and agree that PVI shall not be obligated to create any General Improvements.
General Improvements shall mean all equipment and FF&E as defined in Section 1250 of the United States Internal Revenue Service Publication 946, where the equipment and FF&E is considered a structural component or critical operating component of the vessel.
PVI shall provide General Improvements to Licensees without charge, except that Licensees shall reimburse PVI for its direct costs in connection with providing such General Improvements, and with the purchase, shipment, insurance, etc.
Mersana shall promptly disclose to Recepta all Specific Improvements and, to the extent contemplated by Section 3.4.3, General Improvements, that Mersana or any of its Affiliates or sublicensees makes, conceives or reduces to practice in the performance of any of its or their Development and/or Commercialization activities in connection with this Agreement.
The Improvements include two categories: General Improvements and Landscaping Improvements, as listed in Exhibit B.
Mersana shall secure all appropriate rights and licenses in and to any and all such General Improvements from its applicable Affiliates and sublicensees involved in the invention thereof as is necessary for Mersana to fully effect the foregoing license to Recepta.
Upon Initial Acceptance of all of the General Improvements for a particular Phase, the associated General Improvement Guarantee shall be reduced to the amount of 25% of the total actual cost of construction and installation of such Improvements.
The Improvement Guarantee may be split into two, one for the Landscape Improvements (the "Landscape Performance Guarantee"), and one for the General Improvements (the "General Performance Guarantee").
Each Phase Improvement Guarantee may be split into two, one for the Landscape Improvements (each a "Landscape Guarantee"), and one for the General Improvements (each a "General Guarantee").
As between the Parties, subject to the licenses granted in Sections 2.1.2, 2.2.2 and 2.4.2 below, Mersana retains all rights, title and interests, including all intellectual property rights embodied therein, in and to any General Improvements.