NRCT definition
Examples of NRCT in a sentence
Company shall not perform services for NRCT LLC outside of the Exclusive License Field of Use that would constitute Competitive Business hereunder without first obtaining Client’s prior written approval as provided in this Section 13.
It is a technology transfer programme involving Thailand 528 NRCT official website is at ▇▇▇▇://▇▇▇.▇▇▇▇.▇▇.▇▇/, accessed: 12 March 2013.
As partial consideration for the granting of the Licenses and the sale of components pursuant to Section 4 below, NovaRay will receive a 10% membership interest in NRCT in accordance with the Operating Agreement for NRCT, executed of even date, a copy of which is attached hereto as Exhibit B.
NovaRay aggress to repair, refurbish or replace components purchased by NRCT in accordance with and as described in Exhibit C.
NRCT may, subject to NovaRay’s consent, contribute to the cost of the litigation.
THIS AGREEMENT, made and entered into by and between NovaRay, Inc., a company organized under the laws of California (“NovaRay”), and NRCT LLC, a limited liability company organized under the laws of California (each a “Party” and collectively the “Parties”), is made as of October 23, 2006 (the “Effective Date”).
NovaRay will provide NRCT with one copy all of the documentation described in Exhibit D within a reasonable after the documentation becomes available.
If NRCT contributes to the cost of the litigation it will be entitled to receive a percentage of the damages recovered in excess of the cost of litigation equal to the percentage of its contribution.
Further, should any enforcement by NRCT or any sublicensed party’s of such patents result in a monetary settlement or award, all such amounts will go directly to NRCT or any sublicensed party’s after paying the related costs of both Parties.
The parties acknowledge and agree that project(s) that Company performs for NRCT LLC, to the extent each such project is within the scope of the Exclusive License Field of Use as such is term defined under the agreement between Client and NRCT LLC dated October 2006, shall be deemed an Approved Project hereunder.