NVVO definition
Examples of NVVO in a sentence
NVVO may assign this Agreement, in whole or in part, without the Company’s consent at any time, it being agreed that NVVO shall inform the Company about such assignment and the reasons thereof NVVO’s earliest con- venience.
If the Company directly or indirectly (i.e. through a relevant industry association) participates in the financing of ramp-up costs (by means of loans, service pre-payment or other agreed arrangements), NVVO reserves the right not to charge or to discount the one-off entry fee to the Company.
In such case, the fees in Appendix 1 will be updated accordingly as notified by NVVO to the Company in writing.
However, NVVO may allow access to all Data in the NMVS to national competent authorities as provided for under Article 39 of the Delegated Regulation.
In addition to any other rights and remedies available to NVVO, if the Company is in delay of its substantial payment obligation, NVVO shall i) notify SMCA of the non-fulfilment of the Company’s obligation under Article 31 paragraph 5 of the Delegated Regulation and ii) reserve the right to suspend the access to the NMVS until the due fulfilment of the payment obligations.
The Intellectual Property Rights to the NMVS and the EMVS will be held by NVVO, EMVO and/or their subcontractors and/or service providers.
NVVO shall not be liable for the content, integrity, or completeness of the Data in the NMVS or the EMVS and for such Data being up to date.
NVVO shall notify the Company of such increases in fees in advance.
The annual fee will cover the yearly costs of operation and further development of the NMVS, Lithuania’s share of the costs of the European Hub and all necessary and legally compulsory activities of NVVO in relation to NMVS.
In the aforesaid case, NVVO will inform the Company of granting access to the Company’s Data (unless such information would be prohibited by law).