Protective Rights definition
Examples of Protective Rights in a sentence
For protective purposes only and to secure each Seller’s performance of its obligations hereunder to the extent the assignment hereunder, as evidenced by the Assignment, becomes subject to a Recharacterization despite the Parties’ intentions, each Seller shall execute and deliver the Protective Rights Agreement at the Closing as contemplated by Section 6.02(d).
The above voting rights are also subject to the Protective Rights contained in Section (12) hereof.
The obligations of SIEMENS mentioned in Section 10.A above apply under the precondition that APT informs SIEMENS without delay in writing of any claims for infringement of Protective Rights, does not accept on its own any such claims and conducts any disputes, including settlements out of court, only in agreement with SIEMENS.
For protective purposes only and to secure Seller’s performance of its obligations hereunder, to the extent the true and absolute sale hereunder, as evidenced by the ▇▇▇▇ of Sale, becomes subject to a Recharacterization despite the Parties’ express intentions otherwise, Seller shall execute and deliver the Protective Rights Agreement at the Closing as contemplated by Section 2.5(e).
As a material inducement into the entry into and performance under this Agreement, the Parties have also agreed to enter into a Protective Rights Agreement as of the date hereof.
Unless otherwise agreed, Lumberg shall undertake to supply goods free of industrial protective rights and copyrights held by third parties (here- inafter referred to as Protective Rights) in the country of the place of delivery only.
In case of a violation of Protective Rights the Purchaser's claims governed by no.
Each Lordship Party hereby unconditionally and irrevocably waives any and all Lordship Protective Rights in connection with the Contemplated Transaction.
Until the earlier of (i) the end of the eighteen month (18) month period next following the Closing Date or (ii) such time as the Seller shall have been paid the full amount of the ROW Initial Purchase Price Amount pursuant to Section 3.3(a), the Seller shall be entitled to exercise the Seller Protective Rights in respect of the ROW Patents.
If it should prove impossible to do so under financially acceptable conditions, Siemens may choose to modify the Product Technology or the manufacturing processes of the Product Technology used by Siemens or its Subsidiaries to process the Wafers or the information provided according to Section 2.1.1 so that it no longer infringes the Protective Rights, or will take back the Wafers and reimburse the price paid to Siemens.