RDC Approval definition

RDC Approval means the approval of the Board of Directors of RDC of a Business Plan involving the commercialization of Rafael’s Other Technologies pursuant to the provisions of Section 7 of the Joint Venture Agreement, as amended by this Addendum, following which a NewCo shall be incorporated and become engaged in a License Agreement.
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Examples of RDC Approval in a sentence

  • Following receipt of RDC Approval as provided above, ▇▇▇▇▇▇ shall engage RDC or the applicable NewCo incorporated for such purpose by an applicable License Agreement allowing the exploitation of the Specific Applications (whether the venture is between RDC and ▇▇▇▇▇▇, or between RDC and the Proposing Party, as the case may be).

  • Following finalization of such Business Plan and subject to RDC Approval therefor, ▇▇▇▇▇▇ shall engage RDC or the applicable NewCo incorporated for such purpose by an applicable License Agreement, allowing the exploitation of the Specific Applications.

  • Following finalization of such Business Plan and subject to RDC Approval thereof, ▇▇▇▇▇▇ shall engage RDC or the applicable NewCo incorporated for such purpose in an applicable License Agreement allowing the exploitation of the Specific Applications.

  • Without derogating from the foregoing, RDC shall use its bona fide best efforts to expedite the preparation of the Business Plan and the obtainment of the RDC Approval, so as to minimize any adverse effect on any possible future utilization of the relevant Technology by ▇▇▇▇▇▇.