LM Agreement definition
Examples of LM Agreement in a sentence
The Company will select a Qualified Underwriter as the managing Underwriter and, subject to the LM Agreement, any additional underwriters in connection with the offering.
The SK Holders will select a Qualified Underwriter as the managing Underwriter and, subject to the LM Agreement, any additional underwriters in connection with the offering.
Subject to Section 10.9 below, any controversy, dispute or claim between the parties hereto, including any claim arising out of, in connection with, or in relation to the interpretation, performance or breach of this Agreement, is subject to the terms of the L&M Agreement and shall be resolved in accordance with the procedures set forth therein.
Licensee shall have no right to sublicense the Licensed Property except that Licensee shall be permitted to sublicense the Licensed Property to Aquarium Suppliers solely to the extent necessary for such Aquarium Suppliers to assist Licensee in performing Licensee’s obligations under the L&M Agreement or as otherwise expressly permitted by Licensor in writing.
The term of this Agreement (the “Term”) shall commence as of the Effective Date and, unless terminated sooner pursuant to Section 7.2 below, shall expire upon expiration of the L&M Agreement.
All notices required or permitted hereunder shall be in writing and shall be served on the parties in accordance with the procedures for notice set forth in the L&M Agreement.
Licensee acknowledges and agrees that any failure of Licensee to perform or comply with any term, covenant or condition of this Agreement, which failure is not cured within the applicable cure period set forth in the L&M Agreement, will constitute a “MSAQ Default” under the L&M Agreement, in which event Licensor shall have all of the rights and remedies available to Licensor under the L&M Agreement in addition to any other rights or remedies which may be available at law or in equity.
Nothing contained in this Agreement will itself change, amend, extend or alter (nor will it be deemed or construed as changing, amending, extending or altering) the terms or conditions of the L&M Agreement in any manner whatsoever.
In order to maintain high standards of reputation and quality associated with the Licensed Property, Licensee shall: (a) comply with all obligations of Licensee set forth in the L&M Agreement; and (b) conduct Aquarium Management in a professional and workmanlike manner in accordance with no less than standards of operations and safety applicable to first-class aquariums of comparable visitor capacity in the United States.
Subject to the terms and conditions of this Agreement, Licensor hereby grants Licensee a non-exclusive, non-transferrable, royalty-free and fully-paid-up license to use the Licensed Property, during the Term, for the sole purpose of performing Licensee’s obligations under the L&M Agreement.