Second License definition
Examples of Second License in a sentence
Licensor shall notify STE in writing of the commencement date of the Second License Period at least one hundred fifty (150) days prior to such date.
In addition to the foregoing, Licensor shall not license any Picture to, or authorize the promotion of (1) the exhibition of any Picture by, any Pay Television service exhibited in the Territory (other than STE) or (2) electronic transmission (other than In-Store Digital Download) or exhibition of an intangible format embodying a Picture on a subscription, commercial free basis until after the Second License Period, except as set forth below.
Second License Period (If Renewed): Seventy - Five Thousand Dollars ($75,000.00) to be paid as follows: $18,750.00 due on or before January 15, 1998; $18,750.00 due on or before April 15, 1998; $18,750.00 due on or before July 15, 1998; $18,750.00 due on or before October 15, 1998.
For the sake of clarity, ADAGENE has no option to negotiate a license for the Second License Product in the Chinese Territory if such Second License Product binds to the [***] Target.
The Initial License, Initial License Amendment, Second License, Second License Amendment, First 60447235.v9 Letter Agreement, Second Letter Agreement and Third Letter Agreement are for the purposes of this Lease collectively the “License”.
Licensee may renew this Agreement for a Second License Period from March 1, 2003 to February 29, 2004, provided Licensee has faithfully fulfilled its obligations hereunder in the Original License Period.
If at any time after the end of the Second License Year of this Agreement Licensee introduces Products in the Territory without the IP, fails to introduce Products in the Territory bearing the IP, or ceases to sell Products in the Territory bearing the IP, Nabisco may: (i) terminate the license hereby granted; or (ii) amend the license grant to a non-exclusive license; which options may be exercised, in Nabisco's sole discretion and at its option, by giving written notice to Licensee.
Licensee may renew this Agreement also for a Third License Period from [INFORMATION SUBJECT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT.] to February 28, 2010, provided Licensee has faithfully fulfilled its obligations hereunder in the Second License Period.
MERCK and ARCHEMIX now wish to amend certain provisions of the First License Agreement to make them consistent with the provisions of the Second License Agreement.
If Cempra defaults in the making of any payment as and when due hereunder (including without limitation the payment the Initial License Fee, any Research Funding Payment, any Initial Milestone Payment, Second License Fee or Royalty Payment) MP shall have the right to terminate this Agreement by written notice to Cempra if such non-payment is not cured within thirty (30) Business Days of written notice given by MP to Cempra specifying such non-payment.