PMI System definition

PMI System means the Artann’s prostate mechanical imaging system consisting of a 1) transrectal probe with pressure sensor arrays, 2) positioning system, 3) data processing unit, 4) real time imaging display, and 5) operating system, as generally outlined in the journal article entitled “Prostate Mechanical Imaging: A New Method for Quantitative Prostate Assessment” by Xxxxx, et al.
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PMI System means the PMI System specified in Exhibit 4.
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Examples of PMI System in a sentence

  • It is understood that Xxxxx Xxxxxxxxx (“Xxxxxxxxx”) and Xxxxxxxx Xxxxxx (“Egorov”) were significantly involved in development activities associated with the PMI System.

  • The PMI Documentation possessed by Artann on the Generation V PMI System is provided to ProUroCare upon confirmed receipt of the Up Front License Fee.

  • ProUroCare shall provide equity (i.e., shares of stock) in ProUroCare upon 1) submission of a 510(k) or PMA as outlined in Section 2.3 on the Generation V PMI System (the “510(k)”), or 2) March 15, 2010, whichever is later.

  • Ownership to these five (5) Generation V PMI Systems shall transfer from Artann to ProUroCare upon the date of first commercial sale of the Generation V PMI System, subject to the inventory and accountability requirements as specified by the Department of Health and Human Services.

  • As of the date of this Second Amendment Artann is in possession of four (4) fully functional Generation V PMI Systems in its possession, and ProUroCare has possession of a fifth such system PMI System.

  • ProUroCare shall provide equity (i.e., shares of stock) in ProUroCare having a value of approximately One Million Dollars ($1,000,000.00) as a bonus if FDA approval for commercial sale of the Generation V PMI System is obtained within fifteen (15) months of the Effective Date of the Agreement.

  • Artann desires to grant to ProUroCare certain patent and technology license rights with respect to the PMI System.

  • ProUroCare shall pay Artann TBD Dollars for each requested pre-commercial Generation V PMI System and TBD Dollars for each commercial system.

  • He shall disburse the funds of the corporation as may be ordered by the board of directors taking proper vouchers for such disbursements, and shall render to the president and the board of directors at the regular meetings of the board, or when the board of directors so required, an account of all his transactions as treasurer and of the financial condition of the corporation.

  • The parties hereto acknowledge that it is the Parent's intent to sell BMLP, or the partnership interests therein, or the assets thereof, or the equity interests in one or more of the partners thereof, or the equity interest of BMC Holdings, Inc.

Related to PMI System

  • XXXXX System means the XXXXX filing system of the Commission and the rules and regulations pertaining thereto promulgated by the Commission in Regulation S-T under the Securities Act and the Exchange Act, in each case as the same may be amended or succeeded from time to time (and without regard to format).

  • MERS(R) System The system of recording transfers of Mortgages electronically maintained by MERS.

  • Tank system means a hazardous waste storage or treatment tank and its associated ancillary equipment and containment system.

  • PV System means a residentially hosted roof-top solar electric generating system, including photovoltaic panels, racks, wiring and other electrical devices, conduits, weatherproof housings, hardware, one or more inverters, remote monitoring systems, connectors, meters, disconnects and over current devices.

  • TARGET2 System means the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET2) system or any successor thereto.

  • Production System means a live SAP system used for running Licensee’s internal business operations and where Licensee’s data is recorded.

  • Vapor collection system means a vapor transport system which used direct displacement by the gasoline being transferred to force vapors from the vessel being loaded into either a vessel being unloaded or a vapor control system or vapor holding tank.

  • Centralized Message Distribution System or "CMDS" means the operation system that Local Exchange Carriers use to exchange outcollect and IABS access messages among each other and other parties connected to CMDS.

  • E-System means any electronic system approved by Agent, including Intralinks® and ClearPar® and any other Internet or extranet-based site, whether such electronic system is owned, operated or hosted by Agent, any of its Related Persons or any other Person, providing for access to data protected by passcodes or other security system.

  • Centralized Message Distribution System (CMDS) means the industry-wide data collection system, which handles the daily exchange of message details between CMDS participating telephone companies (also known as CMDS Direct Participants). AT&T-21STATE is a CMDS Direct Participant.

  • Grid System means STU / MSEDCL power transmission system / distribution system through which Delivered Energy is evacuated and distributed.

  • interconnected system means a number of transmission and distribution systems linked together by means of one or more interconnectors;

  • Collection System means software used for the collection, tracking, and reporting of 34 outcomes data for Clients enrolled in the FSP programs.

  • UST system or “tank system” means an underground storage tank, connected underground piping, underground ancillary equipment, and containment system, if any.

  • Drainage system means one or more artificial ditches, tile drains or similar devices which collect surface runoff or groundwater and convey it to a point of discharge.