NNR definition
Examples of NNR in a sentence
Provided that the Concessionaire shall pay any amount due to and recoverable by NNR from the Concessionaire as on the Termination Date.
If Termination is due to the occurrence of any event , NNR shall, NNR shall Concessionaire Termination Payment equal to 50% of the Book Value.
In the event a Party desires to replace [********] with a different validated assay that (a) is [********], than the existing assay or test with respect to the applicable NNR, based on general consensus in the scientific community, and (b) [********] such Party shall propose in writing to the other Party such replacement assay, and the criteria [********] with respect to such assay.
In case of non submission of NNR Proposal to Rectify within the period stipulated therefor, Concessionaire shall be entitled to terminate this Agreement by issuing Termination Notice.
If, however NNR fails to remedy/ cure the underlying Event of Default within such further period allowed, the Concessionaire shall be entitled to terminate this Agreementby issuing Termination Notice.