Market Release Date definition

Market Release Date. Market Release Date means the first date on which a production Product is sold and delivered to a Third Party by Bioscan, its Affiliate or sublicensee in any country in the Territory.
View Source
Market Release Date means the date(s), if any, specified by the manufacturer, distributor and/or licensor of a product as the date prior to which specified information with respect to such product (e.g., the title of a book) must not be publicly disclosed, or on which such product must not be delivered or otherwise made available to Customers.
View Source

Examples of Market Release Date in a sentence

  • Bioscan shall pay to IDSI a one-time payment of US$1,000,000 within thirty (30) days after the sale by Bioscan or its Affiliates, on or after the Market Release Date, of the seven hundred fiftieth (750th) unit of the Product(s).

  • In the event that, on or before the Market Release Date, Bioscan makes any modifications or enhancements to the Reconstruction Software (the “Bioscan Improvements”).

  • If the Market Release Date does not occur on or before the date which is twenty-four (24) months after the Technology Transfer Date, then IDSI may convert the exclusive license granted to Bioscan in Section 2.1 into a non-exclusive license by providing written notice thereof to Bioscan at any time before the Market Release Date.

  • By way of example, if the Technology Transfer Date is September 6, 2006, then, if the Market Release Date does not occur on or before September 6, 2008, IDSI may convert the exclusive license granted to Bioscan in Section 2.1 into a non-exclusive license by providing written notice thereof to Bioscan at any time before the Market Release Date.

  • If the Market Release Date does not occur on or before the third (3rd) anniversary of the Effective Date, then IDSI may terminate this Agreement by providing written notice thereof to Bioscan at any time before the Market Release Date.

Related to Market Release Date

  • Escrow Release Date has the meaning set forth in the Escrow Agreement.

  • Collateral Release Date has the meaning given that term in Section 8.10.(b).

  • Restriction Release Date means such date, after the Effective Date, that the Board of Directors determines in good faith that it is in the best interests of the Corporation and its stockholders for the transfer restrictions set forth in this Article FOURTH to terminate.

  • Release Date means the date on which the Initial Shares are disbursed from escrow pursuant to Section 3 of that certain Stock Escrow Agreement dated as of the date hereof by and among the Investors and Continental Stock Transfer & Trust Company.

  • Collateral Release Period means each period commencing with the occurrence of a Collateral Release Event and continuing until the occurrence of the next Collateral Reinstatement Event, if any, immediately following such Collateral Release Event.