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.