Lumenon definition
Examples of Lumenon in a sentence
The entity receiving the sublicense shall enter into a confidentiality provision substantially similar to the provisions of Section 8.1 prior to receiving any Initial Lumenon Intellectual Property.
Each of the Parties acknowledges and agrees that, as among the Parties, Lumenon has and will have all right, title and interest in the Intellectual Property or technology listed on EXHIBIT B.
In the event (i) Lumenon is unable to supply Molex or Molex Affiliates on a timely basis with a commercially reasonable quantity of Three Device Types (including the sol-gel waveguide portion thereof), or (ii) there is a Change of Control of Lumenon, then in each case Molex shall have the right to manufacture all components of the Three Device Types (including the sol-gel waveguide portion thereof).
In such an event, Lumenon shall pay Molex on a quarterly basis a royalty of twenty-five percent (25%) of the Gross Cost incurred by Lumenon for each Three Device Type sold by Lumenon which is directly attributable to the Three Device Type sold (the "Molex Royalty").
Molex may retain a recognized firm of chartered accountants reasonably acceptable to Molex to conduct the Molex Royalty Audit, provided that such accountants shall enter into a confidentiality agreement with Lumenon containing the provisions set forth in Section 8.1 of this Teaming Agreement.
Lumenon shall purge any and all copies of the data from any computer storage medium or device and provide Molex with written certification of its compliance with such requirement.
Molex shall maintain adequate records evidencing the calculation of the Gross Cost related to each Lumenon Royalty (the "Lumenon Royalty Records") for not less than two years from the date of the payment of the Lumenon Royalty.
Lumenon Parent and LILT shall use commercial reasonable effort to cause its subcontractor(s), consultants, suppliers and agents (regardless of tier) and their respective insurers to acknowledge and agree to such waiver and shall provide Molex with a copy of such waiver.
During both the Exclusivity Period and the Remaining Period, (i) Molex agrees to exercise its commercially best efforts to sell products embodying the Three Device Types in commercially reasonable quantities; and (ii) Lumenon agrees that it shall sell to Molex its products, including but not limited to the Three Device Types, on price terms not less favorable than offered by Lumenon to any of Lumenon's other customers acquiring such products (the "Price Terms").
In furtherance of the foregoing, the Lumenon Parties agree not to sue ▇▇ prosecute any action against any of the Molex Parties with respect to any of the matters within the scope hereof and agrees to hold each of the Molex Parties harmless with respect to any such suit or prosecution in contravention of this section.