Post-Management Term definition

Post-Management Term means that period of time commencing upon (i) the expiration of the Management Agreement at the conclusion of its natural term with no renewal thereof or (ii) Licensee’s termination of the Management Agreement for cause as defined in the Management Agreement, and in either event concluding upon the earlier of (iii) the date that Licensee ceases to use all of the Technology and/or Patent Rights, or (iv) the annual anniversary date of the expiration or termination of the Management Agreement occurring at least ninety (90) days following the giving of notice of termination of the Licenses, by Licensee pursuant to Section 3.3.
View Source

Examples of Post-Management Term in a sentence

  • Any charges and additional compensation to be paid to Licensor during the Post-Management Term shall be set forth in an Addendum that shall be executed by the parties.

  • During the Post-Management Term, Licensee shall pay Licensor only the licensing fees specified in any Addendum executed by Licensor and Licensee for New Technology.

  • If Licensee timely exercises the option to continue the Licenses, then the Licenses shall continue in full force and effect during the Post-Management Term.

  • Upon the commencement of the Post-Management Term, Licensee shall have the option to continue the Licenses in full force and effect on a year-to-year basis, subject to Licensee’s fulfillment of Licensee’s obligations hereunder, including but not limited to Licensee’s payment of the Post-Management Term Fees, if required under the terms of any Addendums, and Licensee’s obligations under any and all Addendums to this License Agreement.

  • In the event that Licensee elects to continue the Licenses without the Raw Starch Technology and Patent Rights, then Licensee shall discontinue the use of the Raw Starch Technology and Patent Rights, in which event no Post-Management Term License Fees shall be owed by Licensee to Licensor.

  • If Licensee timely exercises the option to continue the Licenses, then the Licenses shall continue in full force an4 effect during the Post-Management Term.

  • The Post-Management Term License Fees shall only be paid by Licensee while Licensee is utilizing the Licensor’s Raw Starch Technology and Patent Rights.

  • Upon the commencement of the Post-Management Term, Licensee shall have the option to continue the Licenses in full force and effect on a year-to-year basis, subject to Licensee’s fulfillment of Licensee’s obligations hereunder, including but not limited to Licensee’s payment of the Post-Management Term Fees, and Licensee’s obligations under any and all Addendums to this License Agreement.

  • Licensee shall not be required to pay the Post-Management Term License Fees even though Licensee continues to produce the Licensed Products utilizing Existing Technology, or otherwise utilizing other technology which is available to the Ethanol Plant from third parties.

  • In the event that Licensee elects to continue to license the Raw Starch Technology and Patent Rights, then immediately upon the commencement of the Post-Management Term, Licensee shall pay Licensor a licensing fee of ** .

Related to Post-Management Term

  • Agreement Term has the meaning set forth in Section 11.1.

  • Payment Term means the length of time for payment of a Deferred Annual Award under Section 4.2.

  • Development Term means the period commencing on the Closing Date and ending on the earlier of (a) the Option Closing Date or (b) the date the Option terminates or expires other than by exercise.

  • Exit Management Date means each of the following:

  • Key Management Personnel means persons having authority and responsibility for planning, directing and controlling the activities of the Company, directly or indirectly, including any Director (whether executive or otherwise) of the Company;