License Acquisition definition
Examples of License Acquisition in a sentence
The Pure Roots Urban Farm License Acquisition Fee will be paid exclusively as per this Agreement.
Subject to payment of the License Acquisition Fee and Licensors’ rights in Section 2.2, Licensors hereby grant to BC-URBN an exclusive, fully paid-up license to the geographic regions of British Columbia, Alberta, and Yukon Territory for the growing of non-cannabis plants (the “Geographic Region”).
BC-URBN’s obligation to pay the Pure Roots Urban Farm License Acquisition Fee is conditioned on the closing in full of the transactions contemplated by the proposed Purchase and Manufacturing Agreements.
The 99-Year License Acquisition Fee to be paid upon the 99-Year License Closing Date shall be reduced by the principal amount of the Loan and all accrued but unpaid interest on the Loan outstanding as of the 99-Year License Closing Date.
Each FCC License that is financed with FCC Debt or Permitted License Acquisition Debt shall be owned by a separate License Subsidiary (which shall be the only Loan Party liable for such FCC Debt or Permitted License Acquisition Debt), except that any combination of two or more such FCC Licenses that are acquired contemporaneously pursuant to the same acquisition may be owned by the same License Subsidiary if required by the terms of such FCC Debt or Permitted License Acquisition Debt.
In no event shall the License Fee or any other amounts paid by Licensee under this Agreement be applied as a credit to or an offset against the 99-Year License Acquisition Fee.
Each FCC License that is acquired without being financed with FCC Debt or Permitted License Acquisition Debt shall be owned by a License Subsidiary that does not have any liability in respect of any FCC Debt or Permitted License Acquisition Debt.
Notwithstanding anything to the contrary in this Agreement, Licensee acknowledges and agrees that the 99-Year License Acquisition Fee may be modified from time to time as a result of the Redevelopment (as described in Addendum A.2), and agrees to cooperate and take any action necessary or convenient to consummate such modifications, including, without limitation, amending this Agreement.
The remainder of the 99-Year License Acquisition Fee shall be paid in cash or other form acceptable to Licensor.
In order to effectuate a termination of this License Agreement under the foregoing terms, EchoCath shall pay to Medtronic an amount equal to the License Acquisition Fees, as actually paid to EchoCath, less an amount equal to the greater of the Annual Minimum Royalty for each year or the products of RBU's sold by Medtronic multiplied by the appropriate per unit Royalty rate.