PRI License definition

PRI License will have the meaning set forth in the Purchase Order Terms and Conditions.
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Examples of PRI License in a sentence

  • In the event of any termination pursuant to this Section 9.1, PRI will not be liable to Shinsung for any amount, except for any unpaid balance due Shinsung for nondefective Product conforming to warranty received by PRI before notice of such termination for which Shinsung has provided PRI an Invoice (less any permitted set-off), PRI will be entitled to exercise the PRI License, and Shinsung will be liable to PRI for any and all damages sustained by reason of Shinsung's default.

  • If, however, Shinsung's performance hereunder is delayed for any such reason, for a cumulative period of more than [(THIRTY (30)/ SIXTY (60)/ NINETY (90)] Business Days from the date of Shinsung's notification to PRI, then PRI, notwithstanding anything herein to the contrary, may terminate without penalty this Order, without further notice, and PRI will be entitled to exercise the PRI License.