Retained Right definition
Retained Right means any right of the FRBNY Member or one or more Preferred Members (as such terms are defined in the relevant SPV LLC Agreement) pursuant to (A) Sections 4.01(d) and (e) (Significant Action Consent Rights) of the AIA SPV LLC Agreement, (B) Sections 4.01(d), (e) and (f) (Significant Action Consent Rights) of the ALICO SPV LLC Agreement, (C) Section 4.07 (Rights to Appoint Board Observers) of either SPV LLC Agreement, (D) Section 8.01 (Transfer in General) of either SPV LLC Agreement, (E) Section 8.04(b) (Demand Liquidity Event) of the AIA SPV LLC Agreement, (F) Section 8.07 (Public Offerings) of the AIA SPV LLC Agreement or (G) Section 11.02 (Amendments) of either SPV LLC Agreement.
Retained Right has the meaning set forth in Section 2.6.
Retained Right means, in relation to the Customer, any right, title, interest or benefit of the Customer under a Purchase Agreement for which there is no corresponding right, title, interest or benefit of the Buyer under the applicable Assigned Purchase Agreement, and Retained Rights shall be construed accordingly.
Examples of Retained Right in a sentence
For clarity and without limiting the foregoing sentence, Licensor may exploit, including by granting a license to any other Person to exploit, any Retained Right of Licensor in the Retained Territory and/or the Licensed Territory.
More Definitions of Retained Right
Retained Right means Seller's right to receive the Retained Percentage of Brand Net Profit and licensing royalties, as provided in Section 7 hereof; provided, however, that in no event shall the Retained Right entitle Seller to less than $3.00 for each case of Aguila Tequila sold to customers su▇▇▇▇▇▇nt to the date which is 18 months following the Closing.