Non-Severable Improvement definition
Examples of Non-Severable Improvement in a sentence
If any such Improvement is made and cannot be removed without causing material damage or decline in value, utility or useful life (a "NON-SEVERABLE IMPROVEMENT"), then Lessee warrants that such Non-Severable Improvement shall immediately become Lessor's property upon being installed and shall be free and clear of all liens and encumbrances and shall become Equipment subject to all of the terms and conditions of the Lease.
Notwithstanding the preceding sentence, no know-how or data would constitute Significant Company Background IP.” Non-Severable Improvement The definition of the term “Non-Severable Improvement” would be based on the following wording: “Any Project IP that (a) is created using Significant Company Background IP, and (b) cannot be exploited without infringing such Significant Company Background IP.
Non-Severable Improvement IP generated by any Party in the performance of the Project where, at a minimum, the IP in question: (i) was created using Significant Background; and (ii) cannot be used without infringing the Significant Background.
If any of the Project IP falls within the definition of a Non-Severable Improvement, the Company may request assignment of the Non-Severable Improvement on fair and reasonable terms to be agreed by the Parties in writing and provided that such assignment would not be contrary to any applicable state aid, technology transfer or other rule or any governmental policy consideration.
If any such Improvement is made and cannot be removed without causing material damage or decline in value, utility or useful life (a "Non-Severable Improvement"), then Customer warrants that such Non-Severable Improvement shall immediately become subject to Lender's security interest upon being installed and shall be free and clear of all liens and encumbrances and shall become Equipment subject to all of the terms and conditions of the Loan Agreement.
If any such Improvement is made and cannot be removed without causing material damage or decline in value, utility or useful life (a "Non-Severable Improvement"), then Lessee warrants that such Non-Severable Improvement shall immediately become Lessor's property upon being installed and shall be free and clear of all liens and encumbrances and shall become Equipment subject to all of the terms and conditions of the Lease.
If any such Improvement is made and cannot be removed without causing material damage or decline in value, utility or useful life (a "NonSeverable Improvement"), then Lessee warrants that such Non-Severable Improvement shall immediately become Lessor's property upon being installed and shall be free and clear of all liens and encumbrances and shall become Equipment subject to all of the terms and conditions of the Lease.
Industry Non-Severable Improvement Any Non-Severable Improvement to any Significant Background of the Industry Party.
CytRx shall within forty five (45) days of the Notification Date inform ICIL whether it wishes to takes a licence of such Non-Severable Improvement.
If any such Improvement is made and cannot be removed without causing material damage or decline in value, utility or useful life (a "Non-Severable Improvement" ), then Lessee warrants that such Non-Severable Improvement shall immediately become Lessor's property upon being installed and shall be free and clear of all liens and encumbrances and shall become Equipment subject to all of the terms and conditions of the Lease.