Examples of P&G Agreement in a sentence
Under the P&G Agreement, Procter & Xxxxxx may manufacture such Cathode Powder itself (“P&G-manufactured Powder”) or may purchase such Cathode Powder, or Electrode Systems or Cells, from Licensee, but may not have made such Cathode Powder.
Under the P&G Agreement, Procter & Xxxxxx has been granted by Licensee a limited right to make, have made, import, offer for sale, and sell, in the FIELD (as defined in the P&G Agreement), LICENSED PRODUCTS (as defined in the P&G Agreement) that contain Cathode Powder meeting Licensee’s proprietary NANOPHOSPHATE (as defined in the P&G Agreement) formulations which Licensee disclosed to Procter & Xxxxxx pursuant to the P&G Agreement.
For the avoidance of doubt, all terms referred to in all capital letters in this Section 2.4 refer to the meaning of such terms under the P&G Agreement.
As consideration for entering into the P&G Agreement, the Company granted to P&G a fully exercisable warrant to purchase 875,000 shares of common stock (see Note 5(f)).
In February 2003, the P&G Agreement was amended to delete the royalty provision, in exchange for which the Company granted to P&G a fully exercisable warrant to purchase 1,000,000 shares of the Company’s common stock (see Note 5(f)).
The Agent and each Noteholder intend that the Notes be classified and the arrangement hereby be maintained, in a manner consistent with rules applicable to a grantor trust under subtitle A, chapter 1, subchapter J, part I, subpart E of the Code that is a fixed investment trust within the meaning of Treasury Regulation §301.7701-4(c), and the parties will not take any action inconsistent with such classification.
Each of Licensor and A123 represents to the other that neither it nor any of its Related Corporations have or shall have any agreement with any Third Party that conflicts with the rights and obligations under this Agreement, except as previously disclosed to Licensor with respect to Licensee’s P&G Agreement.
Unless terminated earlier, the P&G Agreement will remain in effect for 10 years.
In January 2023, the Company entered into a Research and Collaboration Agreement with The Procter & Gamble Company (the “P&G Agreement”), pursuant to which the Company undertook to create a genetically edited soybean plant that meets certain specifications per the P&G Agreement.
For CELLS (as defined in the P&G Agreement) sold by Procter & Xxxxxx which contain Cathode Powder supplied [***] Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission.