Initiation Period definition

Initiation Period means the period beginning on the Technology Transfer Period Expiration Date and ending on the date of expiration of the last to expire Patent in the Licensed IP.

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Initiation Period means that period described in Section IV. D. below.

Examples of Initiation Period in a sentence

The Site Plan Review Initiation Period may be extended in accordance with Section 20-8.9(B)(1), LDR.
Because the Product was covered by a Valid Patent Claim after the Patent Royalty Initiation Period (that is, beyond 10 years from the date of First Commercial Sale), then ▇▇▇▇▇ would not receive any further Royalties for sales of the Product in that country.
This Agreement shall come into force on the Effective Date and shall continue until the expiration or termination of any and all Projects that have been executed within the Initiation Period, or until this Agreement terminated in accordance with this Article 10 (“Term”).
The term of this Agreement (the “Term”) shall commence on the Effective Date and, unless terminated earlier pursuant to this Article 11, shall continue in effect on an R&D Program-by-R&D Program basis until the expiration of the Stage 3 Initiation Period or, if GSK elects to initiate Stage 3 activities, upon the completion of the Pharmacological Validation Phase, unless earlier terminated in accordance with this Article 11.
During the ROFN Initiation Period (as defined in Exhibit B), the Purchaser shall have the rights of first negotiation with respect to the matters, and subject to the terms and conditions, set forth in Exhibit B attached hereto.
If at any time during the Patent Royalty Initiation Period, that Product is not covered by a Valid Patent Claim in the country, then, during that time period, Merck shall pay the Know-How Royalty Rate for sale of Product in that country until the tenth (10th) anniversary of the First Commercial Sale of the Product in such country (the “Know-How Royalty Term”) (the Patent Royalty Term and Know-How Royalty Term constitute the “Royalty Term”).
If neither Purchaser nor Seller initiates an Additional Payment Audit in accordance with Section 2.2(b), the Additional Payment Date will be the [***] following the end of the Audit Initiation Period.
If this was not the Initiation Period, then the minimum Marketing generated per quarter would be $130,000 with a Minimum Term Commission of $13,000 per quarter (subject to Note (1) above) and, therefore, the Company would have had the right to adjust the Weekly Draw for the next Quarter downward by an aggregate of $1,000 (10% of $10,000 shortfall) or $76.92 per week, for a pro-rata quarterly reduced Weekly Draw of $923.08.
The Company agrees that any sales made to the Distributor during the Initiation Period shall be applied and counted towards the sales target for the calendar year 2025.
If the Buyer does not provide the information and evidence requested by ReinventRV or ReinventAuctions regarding the Vehicle’s condition within the Arbitration Initiation Period, the arbitration will be terminated and deemed waived.

More Definitions of Initiation Period

Initiation Period means the thirty-six (36) consecutive hours of coal firing, or lesser number of consecutive hours if coal combustion ceases before thirty-six consecutive hours of coal firing, following the initial firing of coal in Unit 1 after each cessation of coal firing.

Initiation Period shall have the meaning assigned to such term in Section 2.14 of the Series 2000-1 Supplement.

Initiation Period means the one-year period from the Effective Date to December 31, 2015, during which Company may, without cause, terminate this Agreement with ninety (90) days advance written notice to the other party.

Initiation Period means the period beginning on the TT Term Expiration Date and ending on the earlier of (a) the date that is ten (10) years after the TT Term Expiration Date, or (b) the termination of this Agreement. 1.60 “In-License Agreements” means all agreements pursuant to which any Licensed IP is licensed or sublicensed to Codexis from a Third Party and which are listed in Exhibit 1.60. 1.61 “In-Licensed IP” means the In-Licensed Patents and any In-Licensed Know-How. 1.62 “In-Licensed Know-How” means all Know-How of Third Parties Controlled by Codexis as of the Effective Date and licensed to Codexis pursuant to the In-License Agreements, in each case that Covers the Codexis Documentation, the Codexis Materials, Know-How related to the operation of the Codexis Software (but excluding the Codexis Software itself) or the practice of the Platform Technology. 1.63 “In-Licensed Patents” means the Patents set forth on Exhibit 1.63. 1.64 “Intellectual Property Rights” means Patents, Know-How and copyrights, including all applications for registration for the foregoing and all other similar proprietary rights as may exist anywhere in the world. 1.65 “Internal Research Purposes” means scientific research programs in the animal and/or human healthcare field conducted internally by Merck or its Affiliates, which are specifically directed to the purposes of their internal research, but excluding the discovery of novel Therapeutics [***]. 1.66 “Invention” means any discovery, invention, contribution, method, finding, or improvement, whether or not patentable, and all related Know-How. 1.67 “Invoice” means any invoice submitted to Merck by Codexis under this Agreement, produced in accordance with Merck’s processing requirements. 1.68 “Know-How” means non-public materials and technical information, including techniques, methods, processes, technology, recipes, formulae, designs, equipment configurations and uses, biological samples, compounds and cell lines, and biological, chemical, pharmacological, toxicological, clinical, assay and related trade secrets, manufacturing data, preclinical and clinical data, specifications, ingredients, manufacturing processes, formulation, specifications, sourcing information, quality control and testing procedures, and related know-how and trade secrets and including all of the foregoing related to the operation of the Codexis Software, but in each case excluding the Codexis Software itself. [***] Certain information in this document has been omitt...