ILEX definition
Examples of ILEX in a sentence
If a single law firm engaged by ILEX would be subject to any material conflict of interest in representing one or more of such parties, ILEX shall not be required to waive such representation by an independent law firm of the MGI Indemnified Party at the expense of ILEX.
Except for the obligation described in the Purchase Agreement to the sellers of the ILEX Systems, Inc.
An ILEX Indemnified Party may engage its own counsel, at its own expense, to monitor the defense of any such matter.
JANS▇▇▇ ▇▇▇ll be free to use such ILEX KNOW-HOW received hereunder for the purposes of this Agreement as it, in its sole discretion, deems appropriate.
If the PMT fails to reach unanimous agreement on any matter before it for consideration, the matter shall be submitted to the Chief Executive of ILEX and the President of JANS▇▇▇ ▇▇▇EARCH FOUNDATION for resolution.
In no event shall the royalties due to ILEX, pursuant to Paragraph 5.1, on such Net Sales of such Product in such country on account of any reduction pursuant to this Section 5.5 be thereby reduced by more than [**] of the royalties which otherwise would have been due hereunder on such Net Sales of such Product in such country.
The insurance policy relating to such coverage shall name ILEX, B.W. Co., and WFL as additional insureds by way of endorsement or otherwise as their respective interests may appear.
Any damages or costs recovered in connection with any action filed by NEWCO hereunder, after first reimbursing NEWCO for its out-of- pocket costs and expenses of litigation, shall be deemed to be Net Sales of Products in the calendar year actually received by NEWCO and royalties shall be payable by NEWCO to ILEX thereon in accordance with the terms of this Agreement.
Unless earlier terminated in accordance with Section 11.2, 11.3, 11.4 or 11.5, this Agreement shall be in effect, on a Product-by-Product and country-by-country basis, for the longer of (i) the life of the last ILEX Patent covering the manufacture, use or sale of such Product in such country or (ii) ten (10) years from the first commercial sale of such Product.
If a single law firm engaged by MGI would be subject to any material conflict of interest in representing one or more of such Parties, MGI shall not be required to waive such conflict and may, instead, request separate representation by an independent law firm of the ILEX Indemnified Party at the expense of MGI.