Involved Party definition
Examples of Involved Party in a sentence
Such intellectual property and all embodiments thereof shall be promptly delivered to the Noninvolved Party (a) upon any such commencement of a bankruptcy proceeding upon written request therefore by the Noninvolved Party, unless the Involved Party elects to continue to perform all of its obligations under this Agreement or (b) if not delivered under (a) above, upon the rejection of this Agreement by or on behalf of the Involved Party upon written request therefor by the Noninvolved Party.
Such intellectual property and all embodiments thereof shall be promptly delivered to the Noninvolved Party (a) upon any such commencement of a bankruptcy proceeding upon written request therefor by the Noninvolved Party, unless the Involved Party elects to continue to perform all of its obligations under this Agreement or (b) if not delivered under (a) above, upon the rejection of this Agreement by or on behalf of the Involved Party upon written request therefor by Noninvolved Party.
Furthermore, the Participants indemnify the Hartstichting for all losses resulting from a breach by an Involved Party of any of the obligations under this Definitive Agreement.
Nothing herein shall be construed to imply or mean that the Involved Party has any personal liability for a breach of a representation or warranty.
Any Involved Party may withdraw from this Agreement with 60-days written notice to the other Involved Parties.