Examples of KNOLL in a sentence
KNOLL shall accumulate the costs directly associated with the development of Melt/Bucindolol and such development costs shall become a deductible item in calculating the royalties due to COMPANY for sales resulting from Melt/Bucindolol.
In the event that elections with respect to obtaining such patent term restoration are to be made, the COMPANY shall have the right to make the election and KNOLL agrees to abide by such election.
COMPANY and KNOLL shall mutually agree to any other line extensions to be included under the License Agreement, if any.
The parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against COMPANY under the Bankruptcy Code, KNOLL shall be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property upon written request therefore by KNOLL.
KNOLL shall have the right to terminate this Agreement at any time prior to the termination of the Beta-blocker Evaluation of Survival Trial (the "BEST Study") and within sixty (60) days after the BEST Study's primary end-point results are reported in writing to KNOLL.
COMPANY shall give notice to KNOLL of any desire to cease prosecution and/or maintenance of Patent Rights and, in such case, shall permit KNOLL, at its sole discretion, to continue prosecution or maintenance at its own expense.
All payments to be made (i) by KNOLL to COMPANY or CPEC or (ii) by COMPANY or CPEC to KNOLL under this Agreement shall be made in United States Dollars and shall be paid by bank wire transfer or by automated clearinghouse (electronic funds transfer) in immediately available funds to such bank account designated in writing by COMPANY or KNOLL from time to time.
In the event COMPANY institutes an action at its expense against third party infringers with respect to Licensed Product or takes appropriate action to defend the Patent Rights or COMPANY Know-How, KNOLL hereby agrees to reasonably cooperate with COMPANY and to fund, at its option, up to sixty (60%) percent of the expenses incurred in connection with any such action.
KNOLL represents that its Executive Information System ("EIS") currently collects all information necessary to accurately calculate the royalty.
Any recovery obtained by KNOLL as a result of such proceeding, by settlement or otherwise, shall be retained by KNOLL and the COMPANY in proportion to the respective percentage of costs borne by each party in any such suit or action.