Examples of Qualified individual in a sentence
For the avoidance of doubt, no such fees shall be due if Licensee entered into this Agreement as a Qualified Individual and terminates this Agreement before the Conversion Date.
If Licensee entered into this Agreement as a Qualified Not-for-Profit or Qualified Individual but at any subsequent time fails to satisfy any of the conditions that give rise to that status (“Conversion Date”), then Licensee shall pay to Oracle any other fees that come due pursuant to this Exhibit A for parties that are not Qualified Not-for-Profits or Qualified Individuals.
If Licensee entered into this Agreement as a Qualified Not-for-Profit or Qualified Individual but at any subsequent time fails to satisfy any of the conditions that give rise to that status (“Conversion Date”), then Licensee shall pay to Oracle any other fees that come due pursuant to this Exhibit A (which may be different than the fee stated above), the Trademark License and the MSA for parties that are not Qualified Not-for-Profits or Qualified Individuals.
If Licensee executed this Agreement having the status of a Qualified Not-for-Profit or Qualified Individual, then if and when there is a material change in any factors relevant to determining that status -- for example, that Licensee has come under the effective control of a commercial entity as a result of a change in the membership of Licensee’s Board of Directors or equivalent governing body -- Licensee shall notify Oracle of the nature of the change(s).
If Licensee executed this Agreement as a commercial licensee not having the status of a Qualified Not-for-Profit or Qualified Individual, Licensee will be provided one year of basic TCK support from Oracle under the terms of Oracle's Master Support Agreement at no additional charge, provided Licensee executes Oracle's standard MSA which is attached as Exhibit B to this Agreement.