Permitted License definition

Permitted License means any non-exclusive license of patent rights of Borrower or its Subsidiaries so long as all such Permitted Licenses are granted to third parties in the Ordinary Course of Business, do not result in a legal transfer of title to the licensed property, and have been granted in exchange for fair consideration.
Permitted License means (a) any non-exclusive license of Intellectual Property rights of Borrower or its Subsidiaries so long as all such Permitted Licenses are granted to third parties in the Ordinary Course of Business, do not result in a legal transfer of title to the licensed property, and have been granted in exchange for fair consideration, (b) any exclusive license or granting of Intellectual Property rights of Borrower or its Subsidiaries so long as such Permitted License (i) has been granted to third parties in the Ordinary Course of Business, (ii) does not result in a legal transfer of title to the licensed property, (iii) has been granted in exchange for fair consideration as determined by Borrower in its reasonable business judgement, (iv) is exclusive solely as to (A) discrete geographical areas outside of North America or (B) except in all cases with respect to Afrezza (as to which no exclusive licenses shall be permitted pursuant to this clause (B)), discrete Products, indications, or classes of compounds in respect of any platform (and not, for the avoidance of doubt, multiple Products, indications, or classes of compounds in any one or series of related transactions), and (v) no Event of Default is existing at the time such license is granted or would result from the granting thereof; and (c) the licenses granted by Borrower pursuant to the United Therapeutics License, the Receptor License, and the Oncology Licenses by Borrower prior to the Closing Date and without giving effect to any amendments thereto after the Closing Date.
Permitted License means a license granted by a Licensor to a Third Party to enable such Third Party to broadly manufacture or formulate oligonucleotides, where such Third Party is primarily engaged in [...***...]; provided, however, that any such license will not grant rights to research, manufacture or formulate xxXXX Compounds or xxXXX Therapeutics for which the other Licensor has obtained or later obtains a license pursuant to Section 5 or pursuant to the Buy-Out process in the Investor Rights Agreement. ***Confidential Treatment Requested

Examples of Permitted License in a sentence

  • Permitted License Transfers As Licensee’s business operations may be altered, expanded or diminished, licenses granted hereunder may be transferred or combined for use at an alternative or consolidated site not originally specified in the license, including transfers between Agencies (“permitted license transfers”).

  • Permitted License Transfers: As authorized user’s business operations may be altered, expanded or diminished, electronic journal licenses may be transferred or combined for use at an alternative or consolidated site not originally specified in the license, including transfers between authorized users (“permitted license transfers”).

  • Licensee(s) do not have to obtain the approval of Contractor for Permitted License Transfers, but must give thirty (30) days prior written notice to Contractor of such move(s) and certify in writing that the Product is not in use at the prior site.

  • It will not, and will not permit any of its Subsidiaries to, enter into or become bound by any outbound license or agreement unless such outbound license or agreement is a Permitted License.

  • Agent hereby covenants and agrees that in connection with any foreclosure or other exercise of Agent’s rights with respect to Permitted Licenses, Agent shall not terminate, limit, or otherwise adversely affect the rights of the licensees or sublicensees under such Permitted Licenses, so long as such licensee or sublicensee is not then otherwise in default under the applicable Permitted License in a way that would permit the applicable licensor to terminate such Permitted License.


More Definitions of Permitted License

Permitted License means any non-exclusive license or sublicense of rights to discrete Intellectual Property of Borrower or its Subsidiaries so long as all such licenses or sublicenses (i) are granted in the Ordinary Course of Business, (ii) do not result in a legal transfer of title to the licensed property, and (iii) have been granted in exchange for fair consideration; provided that no such licenses may be granted if an Event of Default has occurred and is continuing or would result from the granting thereof.
Permitted License means a license granted by Regulus to a Third Party (i) under the Regulus Core Technology Patents (but not under the Product Specific Patents) to […***…] (or […***…] to […***…]) solely to conduct Research, or (ii) under the Regulus Core Technology Patents (but not under the Product Specific Patents) to enable such Third Party to […***…] or […***…] microRNA Compounds, where such Third Party is […***…] and is not […***…] or […***…].
Permitted License is defined in Section 5.10(a).
Permitted License means any non-exclusive license of patent rights of any Credit Party or its Subsidiaries granted to third parties in the Ordinary Course of Business and that does not result in a legal transfer of title to the licensed property.
Permitted License means a license granted by Isis to a Third Party (i) under the Isis Core Technology Patents or the Isis Manufacturing and Analytical Patents (but not under the Product Specific Patents) to use ASOs (or supply ASOs to end users) solely to conduct Research, or (ii) under the Isis Manufacturing and Analytical Patents (but not under the Isis Core Technology Patents or Product Specific Patents) to enable such Third Party to broadly manufacture or formulate ASOs, where such Third Party is primarily engaged in providing contract manufacturing or services and is not engaged in drug discovery, development or commercialization.
Permitted License means any license of or other grant of rights to Intellectual Property of a Credit Party or its Subsidiaries so long as all such Permitted Licenses (a) are granted in the Ordinary Course of Business, are on a non-exclusive basis or on an exclusive basis so long as such exclusive license or grant is limited to geographic areas, particular fields of use or a subset of products or customers, provided, in each case, that such geographic areas, particular fields of use or subset of products or customers are not material to the business of the Credit Parties, and so long as after giving effect to such license or grant, the Credit Parties and their Subsidiaries retain sufficient rights to use the subject Intellectual Property as to enable them to continue to conduct their business in the Ordinary Course of Business, (b) involve Intellectual Property that is not used or no longer useful in the business of the Credit Parties and their Subsidiaries or (c) are entered into in connection with the matter described in Schedule 9.2 on the Closing Date so long as after giving effect to such license or grant, the Credit Parties and their Subsidiaries retain sufficient rights to use the subject Intellectual Property as to enable them to continue to conduct their business in the Ordinary Course of Business.
Permitted License any license of Intellectual Property, or covenant not to xxx, granted by the Borrower or its Subsidiaries for contract manufacturing and production and any other license of Intellectual Property, or covenant not to xxx, granted by the Borrower or its Subsidiaries (each, a “License”) so long as such License does not result in a legal transfer of title to the licensed property and has been granted in exchange for fair consideration and, in each case (a) is either (i) a non-exclusive License or (ii) a Permitted Exclusive License, (b) is entered into when no Default or Event of Default has occurred and is continuing or would result therefrom, and (c) is (or is pursuant to) an arm’s-length transaction.