Infuser definition
Examples of Infuser in a sentence
Payment or consideration received by Company in any form other than cash that directly relates to the Rapid Infuser Technology and is made in lieu of cash Licensing Payments shall be considered Licensing Payments for purposes of this Agreement.
For payments in connection with licensing or partnering agreements related to a combination of a pharmaceutical agent and the Rapid Infuser Technology in which Company has invested greater than $2 million in direct development costs prior to such licensing or partnering agreement (a “Combination Product”), ten (10%) percent of the Licensing Payments from the Combination Product shall be deemed allocatable to the Rapid Infuser Technology and the baseline for the nine (9%) percent payments hereunder.
SI shall own the following asset as of its Acquisition Date: Illinois Cannabis Infuser License number 2108011014-IN (the "SI Infuser License").