Process IP Claim definition

Process IP Claim means any Action brought by a third party (other than any Affiliate of either Party or any entity under either Party's control) alleging that the process used to manufacture a Licensed Product or a Silan Product infringes and/or misappropriates the Intellectual Property Rights of a third party.
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Examples of Process IP Claim in a sentence

  • In the event any Process IP Claim is brought solely against Sipex arising out of the sale of any Silan Product by Silan, Sipex shall conduct the defense of such Process IP Claim and Silan shall indemnify Sipex in accordance with Article 6 of the Master Agreement against any Liabilities incurred by Sipex as a result of such Process IP Claim.

  • Sipex shall have no obligation to indemnify Silan in connection with any Process IP Claim based on the manufacture or sale of a Silan Product.

  • The Executive shall devote his full time, attention and energies to the business affairs of the Company as may be reasonably necessary for the discharge of his duties as Chief Executive Officer and President of the Company, provided, however, the Executive may engage in reasonable investment and other personal activities that do not interfere with the Executive's obligations hereunder.

  • If any Sipex Product Design IP Claim based on any Original Design or any Sipex Product Process IP Claim based on any Sipex Product Original Process results in the termination of the manufacture of any partially completed wafers of Sipex Product and/or sale of any completed wafers of Sipex Product, Sipex's liability for such wafers shall be the Wafer Termination Amount calculated under Section 4.6 above.