MNIP definition

MNIP means Intellectual Property Rights and Technology developed or Licensable by E only after the License Effective Date (and involving certain levels of investment or achievement by E), [****]. [****] To avoid doubt, MNIP comprises, without limitation, Intellectual Property Rights and Technology [****]. Notwithstanding anything to the contrary, MNIP shall not include any Excluded E Intellectual Property Rights or, in the event of an acquisition of E, Intellectual Property Rights of the acquirer of E.
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MNIP means Intellectual Property Rights and Technology developed or Licensable by E only after the License Effective Date [****]. Notwithstanding anything to the contrary, MNIP shall not include any Excluded E Intellectual Property Rights or, in the event of an acquisition of E, Intellectual Property Rights of the acquirer of E. In general Intellectual Property Rights and Technology that are legally protectible and reduce Total Production Costs of Licensed Products by, or provide an Added Value of, [****]; provided, however, that MNIP may include Property Rights and Technology not meeting such criteria to the extent that it nevertheless provides a substantial and material benefit.
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MNIP is "USED FOR" Licensed Products (for purposes of SECTION 4.1 (Royalty)) if incorporated into or used in the manufacture of those Licensed Products
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Examples of MNIP in a sentence

  • The Parties' obligations with respect to MNIP will be governed by ARTICLE 4 (Consideration and Payment).

  • Any royalties or payments agreed upon by the Parties for MNIP shall be owed on a prospective basis, and not for any products made, used, sold, offered for sale, or imported prior to VentureCo's receipt of the written description from E referred to in SECTION 4.1 (Material New IP - VentureCo Request).

  • The Parties acknowledge that Target Value Design is intended to make explicit that value, cost, schedule, and constructability (including work structuring) are basic components of the design criteria.

  • No license to Material New IP is granted under this Agreement; provided, however, that MNIP listed in EXHIBIT A PART 2 shall be licensed to VentureCo (subject to applicable royalty) immediately on commercial availability pursuant to this Agreement.

  • MNIP shall be licensed pursuant to a separate written agreement between the Parties (which incorporates the terms of this Agreement as supplemented by royalties applicable to the relevant MNIP).

  • ON E IP AND MNIP USED PRIOR TO AND AT THE TERMINATION DATE, AFTER [*] POST TERMINATION PERIOD - [*] VentureCo shall pay E royalties for E IP and MNIP (available prior to and at the Termination Date) used for Licensed Products sold in volumes [*], after the [*] Post Termination Period.

  • Any improvements made by GWS and comprising MNIP are subject of new agreements as described in SECTION 3.1(b) of this Agreement.

  • If the Parties cannot agree on the Market Rate royalty, Added Value or Cost Savings for MNIP within [****] days after initiation or commencement of negotiations to determine such royalty or value, then the following applies: Each Party shall retain at its expense an independent professional Third Party expert with expertise evaluating licenses in the photovoltaic industry.

  • If VentureCo is not interested in obtaining a license to Material New IP, then VentureCo shall notify E to that effect within [*] of receipt of E's description of the relevant MNIP.

  • E will supplement EXHIBIT B bi annually during the Initial Period and (with respect MNIP used by VentureCo in the Post Termination Period) Post Termination Period, as additional Registered E Intellectual Property Rights are applied for or obtained.


More Definitions of MNIP

MNIP shall have the meaning as defined in the LTTA, however, taking into account the specifics in the MOU.
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MNIP means Intellectual Property Rights and Technology developed or Licensable by E only after the License Effective Date (and involving certain levels of investment or achievement by E), that substantially and materially reduce Direct Production Costs of Licensed Products or substantially increase the output, effectiveness, utility or value of Licensed Products, including, without limitation, Intellectual Property Rights and Technology developed by or Licensable by E listed in PART 2 of EXHIBIT A. To avoid doubt, MNIP comprises, without limitation, Intellectual Property Rights and Technology that reduce Direct Production Costs of Licensed Products by [*]. Notwithstanding anything to the contrary, MNIP shall not include any Excluded E Intellectual Property Rights or, in the event of an acquisition of E, Intellectual Property Rights of the acquirer of E.
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Related to MNIP

  • ABI means Anheuser-Busch InBev SA/NV, its domestic and foreign parents, predecessors, divisions, subsidiaries, affiliates, partnerships and joint ventures (excluding Crown, and, prior to the completion of the Transaction, Modelo); and all directors, officers, employees, agents, and representatives of the foregoing. The terms “parent,” “subsidiary,” “affiliate,” and “joint venture” refer to any person in which there is majority (greater than 50 percent) or total ownership or control between the company and any other person.

  • ADC means antibody-drug conjugate.

  • Raptor means all birds of the orders Falconiformes and Strigiformes, commonly called falcons,

  • Newco has the meaning set forth in the first paragraph of this Agreement.

  • Elan means Elan Corp and its Affiliates.