KHH definition
Examples of KHH in a sentence
The Company has one Member, which is KHH TX, and shall be managed by the Member as Manager of the Company.
The Company has one Member, which is KHH IL, and shall be managed by the Member as Manager of the Company.
MOI may terminate this Agreement prior to the date it would otherwise expire pursuant to Section 13.1 if (a) KHH materially breaches this Agreement and fails to cure such breach within 60 days after notice from MOI of such breach, or (b) any proceedings are instituted by or against KHH under any bankruptcy, insolvency, or moratorium law and such remain undismissed for at least 90 days.
In addition, from time to time during the term hereof, MOI may issue press releases and other forms of publicity referring to the Products and KHH’s role with respect thereto, such to be subject to the consent of KHH (such consent not to be unreasonably withheld or delayed).
KHH will have the right, during business hours, no more often than annually unless there is breach of this Agreement by MOI to engage a nationally-certified auditing firm reasonably acceptable to MOI to examine such records and books of MOI its Sublicensees and Affiliates to verify the amounts paid to KHH hereunder.
Notwithstanding any other term of this Agreement, MOI is not obligated to pay KHH any royalties, license fees or other amounts under this Article or Article 10, including royalties based on MOI or Sublicensee Product Sales, in excess of [*****] (the “Maximum Amount”).
In such event and subject to the preceding sentence, KHH will assume all the rights and obligations of MOI under such sublicenses with respect to the licenses granted under the Licensed Patents Rights and other Technology Rights to such Sublicensees.
KHH will conduct its activities and operations in material compliance with all applicable laws, statutes, rules or regulations.
Subject to compliance with Section 14.3, MOI agrees to pay any damage or award finally awarded against KHH in such action or agreed upon in settlement.
Following the first Sale of a Product, on or before the 30th day after the end of each MOI fiscal quarter, and for so long as royalties are payable under this Agreement, MOI will render to KHH a report in writing, setting forth Net Revenues and the number of units of Products Sold in each country during such quarter by MOI and Sublicensees.