Racom definition
Examples of Racom in a sentence
In those cases wherein Ramtron, Racom or Intag purchase Ferroelectric RF/ID Products from a sublicensee and the terms of that purchase exclude payment of royalty by such sublicensee, then the party purchasing such Ferroelectric RF/ID products will make good the royalty payment to the other two parties.
Racom may sublicense Ferroelectric Technology for the limited right to design, develop, manufacture and sell Ferroelectric RF/ID Products to no more than five (5) parties each of whom shall be appointed by Racom and approved in writing by Ramtron, with such approval not to be unreasonably withheld.
Ramtron shall provide Racom with the right to purchase up to ** and Intag with the right to purchase up to ** of the capacity made available to Ramtron that is dedicated to the manufacture of Embedded Ferroelectric Products (hereby defined as standard, nonvolatile ferroelectric semiconductor memory monolithically combined with other logic or electronic functionality).
In addition, Ramtron hereby agrees to negotiate with third parties under license agreements entered into after the Effective Date a target royalty of ** , but not less than ** , of the Net Sales Price of all Ferroelectric RF/ID Products sold pursuant to such license agreements, of which Ramtron shall pay Racom and Intag each one-third (1/3) of such royalties received.
Racom and/or Intag, as the case may be, shall share equally in the legal, filing, and maintenance fees associated with filing joint applications.
Racom hereby agrees to pay continuing royalties to Ramtron and Intag each one-third (1/3) of ** of the Net Sales Price of all Ferroelectric RF/ID Products sold by Racom and its Affiliates, respectively.
Upon the terms and subject to the of this Agreement, Ramtron hereby grants to Racom, free of charge, a worldwide, non-exclusive, non-transferable, non-sublicensable (except as provided in this Section 2.1), royalty-bearing right and license (the "Technology License") to use Ferroelectric Technology, and all Improvements, for the limited right to design, develop and/or manufacture, sell and use Ferroelectric RF/ID Products.
Any and all taxes (including withholding taxes payable in connection with this Agreement), duties, excises and imposts payable with respect to any sums due under this Agreement to Ramtron, Racom and/or Intag (as the case may be), shall be borne by the beneficiary of such amounts due and deducted from the due royalty, as appropriate; provided that the Parties agree to cooperate to the extent reasonably possible to minimize the amount of such taxes, duties, excises and imposts.
The table also sets forth the basis upon which the royalties and, to the extent applicable, license fees payable by such parties are to be shared among Ramtron, Racom and Intag.
In addition, Ramtron hereby agrees to notify each of Racom and Intag in writing at least thirty (30) days prior to the execution by Ramtron of any License Agreement that provides for the license of Ramtron's Ferroelectric Technology for use in Ferroelectric RF/ID Products, so long as it is legally permissible for Ramtron to provide such advanced notice.