Global Licence definition
Examples of Global Licence in a sentence
The MCDC Fees as set out in Clause (b) MCDC FEE shall not be amended as a result of the Licensee acquiring a Global Licence.
The Global Licence shall also entitle the Licensee to grant Issuing Sub-Licences in respect of all countries except the Restricted Countries.
Such Global Licence shall be governed mutatis mutandis by Clause 3.
A Global Licence shall be deemed granted to the Licensee in the event that the Licensee shall have acquired, in addition to the USA Operating Licence, four (4) Additional Operating Licences and shall have paid all relevant fees in respect thereof.
In the event that the Licensee acquires a Global Licence (whether pursuant to Clause 3 A.1 The Licensee shall have the option, exercisable by written notice to PW, to purchase from PW an extension of the geographical scope of the USA Operating Licence from a national basis to a global basis (the "GLOBAL LICENCE"), PROVIDED HOWEVER THAT the Global Licence shall not extend to any of the Restricted Countries or to Clause 3.