Grantee Subsidiary definition
Examples of Grantee Subsidiary in a sentence
The "Surrender Price" shall be equal to $3.5 million (i) plus, if applicable, Grantee's purchase price with respect to any Option Shares and (ii) minus, if applicable, the excess of (A) the net price, if any, received by Grantee or a Grantee Subsidiary pursuant to the sale of Option Shares (or any other securities into which such Option Shares were converted or exchanged) to any unaffiliated party, over (B) Grantee's purchase price of such Option Shares.
With respect to damages that IVGL, IIF, each IIF Subsidiary, ISF, each IDF Subsidiary, ISF and each ISF Subsidiary could seek from Grantee or a Grantee Subsidiary in the absence of this section (if any) with respect to the Image Sensor FOU or WiFi FOU, such damages under any Licensed Patent or Covered Patent will accrue against Grantee and each Grantee Subsidiary within the Image Sensor FOU and WiFi FOU.
The "Surrender Price" shall be equal to $50 million (i) plus, if applicable, Grantee's purchase price with respect to any Option Shares and (ii) minus, if applicable, the excess of (A) the net price, if any, received by Grantee or a Grantee Subsidiary pursuant to the sale of Option Shares (or any other securities into which such Option Shares were converted or exchanged) to any unaffiliated party, over (B) Grantee's purchase price of such Option Shares.
As long as any IV Entity has Patent Rights associated with the Licensed Patents or the Covered Patents in the Image Sensor FOU or WiFi FOU that can be asserted against a supplier of Grantee or a supplier of a Grantee Subsidiary, then the covenant to ▇▇▇ last described in this subpart 2.1e (1) is not exhausted as to the Covered Offerings that incorporate the components provided by said supplier in the Image Sensor FOU or WiFi FOU.
IVGL, IIF, an IIF Subsidiary, IDF, an IDF Subsidiary, ISF, or an ISF Subsidiary shall cure or remedy any transfer of such Licensed Patent or Covered Patent in the Image Sensor FOU and WiFi FOU that fails to give notice and require any transferee to be bound by this covenant to ▇▇▇ last within ninety (90) days after receipt of a written notice pertaining to such deficient transfer from Grantee or any Grantee Subsidiary (the “Cure Period”).
The "Surrender Price" shall be equal to $430 million (1) plus, if applicable, Grantee's purchase price with respect to any Option Shares and (2) minus, if applicable, the excess of (A) the net price, if any, received by Grantee or a Grantee Subsidiary pursuant to the sale of Option Shares (or any other securities into which such Option Shares were converted or exchanged) to any unaffiliated party, or to Issuer pursuant to Section 7, over (B) Grantee's purchase price of such Option Shares.