Examples of Naked Sublicense in a sentence
Any sublicense granted by Alnylam or ISIS to a Third Party infringer shall be regarded and treated as a Naked Sublicense under this Agreement.
Any BioTime/ESI Naked Sublicense granted to a Named Affiliate during the one-year period following the Effective Date shall remain in effect notwithstanding whether the Named Affiliate subsequently (i.e., after the one-year period following the Effective Date) is no longer a Named Affiliate.
Each time Alnylam enters into a collaboration or license agreement pursuant to which Alnylam grants a sublicense under the Isis Patent Rights to a Third Party that only relates to Double Stranded RNA (an “Isis IP Sublicense”), the CEO of Isis and the CEO of Alnylam will mutually discuss and agree in writing upon a good faith determination as to whether such Isis IP Sublicense is a Naked Sublicense or a Bona Fide Discovery Collaboration or Development Collaboration or Bona Fide Third Party Collaboration.
Concurrently with the making of such reports, Maxygen shall pay to Zeneca all royalties due and any Downstream Income and payments from any Naked Sublicense.
The buying rates of exchange for converting the currencies involved into the currency of the United States quoted by the Financial Times (or its successor in interest) on the last business day of the quarterly period in which the royalties and Naked Sublicense payments and Downstream Income were earned shall be used to determine any such conversion.