MLIP definition

MLIP means the Technology of the cannulation systems and processes within the syringe and pen needle lines at the SpinCo facilities in Holdrege, Nebraska, Dun Laoghaire, Ireland, and Suzhou, China, as of the Separation Time. Such Technology shall include, for avoidance of doubt, [* * *]. For clarity, (i) systems or processes, as of the Distribution Date, of the manufacturing lines of the SpinCo Business that produce the Zodiac patch pump that are not part of such syringe and pen needle lines (herein “Zodiac Line IP”) shall not be considered Manufacturing Line IP hereunder, and (ii) the mere identity of a vendor associated with MLIP is not itself MLIP.
View Source
MLIP means the Nestle USA Management Life ---- Insurance Plan as in existence on the Closing Date.
View Source

Examples of MLIP in a sentence

  • Any renewal rights exercisable by one or more Funds or MLIP under the Advisory Agreements shall remain in full force and effect as if December 31, 1997 were the end of the current twelve-month term of each such Advisory Agreement.

  • MLIP shall at all times exercise due care and diligence in the performance of its functions as Transfer Agent, Dividend Disbursing Agent and Shareholder Servicing Agent for the Fund.

  • MLIP warrants and represents that its officers and supervisory personnel charged with carrying out its functions as Transfer Agent, Dividend Disbursing Agent and Shareholder Servicing Agent for the Fund posses the special skill and technical knowledge appropriate for that purpose.

  • MLIP is registered with the CFTC as a commodity pool operator and a commodity trading advisor and is a member of the NFA in such capacities.

  • Notwithstanding the preceding language, the manufacturing lines of the SpinCo Business that produce the Zodiac patch pump, as existing at the Distribution Date, may be transferred to a contract manufacturer without prior consent, provided SpinCo provides Parent notice of such activity and provided that the protections set forth in Article IV apply to the extent MLIP is present in such lines.

  • To the extent the New Manufacturing Line was designed and built in compliance with the plan, and assuming no unauthorized disclosure or use of MLIP outside the plan, such New Manufacturing Line shall be considered to be a manufacturing line designed or built without using Manufacturing Line IP.

  • MLIP shall indemnify the Partnership and the Fund to the extent that the foregoing indemnity exceeds in liability to the Partnership or the Fund the indemnity that would have been due pursuant to Section 11(b) hereof.

  • In the event that the Partnership becomes disabled (by reason of its bankruptcy or insolvency or by reason of the resignation of MLIP as its general partner) from discharging its managerial responsibility under Section 6(a) hereof, JWH, as a member of the Company, may assume such responsibilities.

  • MLIP shall advance all costs incurred by any of the -------- Signatories in the preparation, review, execution and delivery of this Agreement as well as all related documentation and instruments required to reflect the substitution of the Company for the Joint Venture in all of the Original Agreements other than the Selling Agreement, and the Second Offering under the Selling Agreement.

  • Certain ▇▇▇▇▇▇▇ ▇▇▇▇▇ subsidiaries and affiliates, including MLPF&S, MLAM, and MLIP, are registered as investment advisers with the SEC.