Liquid Coffee definition
Examples of Liquid Coffee in a sentence
Subject to the terms and conditions of this Agreement including the termination provisions set forth in Section 8.2, Licensor hereby grants to Licensee a *****, with the right to grant sublicenses subject to Section 2.5 and the right to Develop Improvements thereto subject to Section 2.4, in and to Licensor’s Existing Liquid Coffee Technology and Improvements thereto ***** (the “Existing Liquid Coffee Technology License”).
Other than for an uncured default of its obligations to make ***** Payments in accordance with all requirements set forth in the ***** Payments Schedule, the Existing Liquid Coffee Technology License shall be *****.
The Target Shares 1 and Target Shares 2 are referred to in this Agreement collectively as the “Target Shares”.
After such ***** period and assuming all ***** Payments in accordance with all requirements set forth in the ***** Payments Schedule have been made, the Existing Liquid Coffee Technology License shall be ***** in the Territory and within the Field.
Licensee acknowledges and agrees that revisions of the Brand Standards Manual and the Co-Branding Guidelines are likely to occur in connection with the Spin-Off and Licensee agrees to promptly implement instructions from Licensor with respect to any brand or co-branding revisions to Liquid Coffee Products sold by Licensee hereunder.
Licensee shall: (a) render ***** reports for sales of Liquid Coffee Products substantially in the format set forth in Schedule 5.3 hereto (the “***** Reports”) to Licensor on a ***** basis within ***** after each ***** during the term of the *****; and (b) remit payments of ***** due Licensor, if any, in accordance with Section 5.1 and this Section 5.3.
In all circumstances under which the ***** is terminated, all rights granted to ***** or sublicensed Affiliates thereunder shall terminate, non-solicitation obligations of both Parties in Section 9.4 shall terminate, and, for the avoidance of doubt, Licensee may continue on its own to Commercialize Liquid Coffee Products that have been Commercialized as of the termination date.
Upon termination, all rights granted to Licensee or sublicensed Affiliates under the Trademark License shall terminate, except for the following ninety-day (90-day) sell-off period: Licensee and its Affiliates may sell or otherwise dispose of the inventory of any Branded Liquid Coffee Products then on hand or in production or for which substantial preparation for manufacture has been made or for which they are legally obligated to supply.
Upon termination, all rights granted to Licensee or sublicensed Affiliates under the Existing Liquid Coffee Technology License shall immediately terminate.