Snap Back definition

Snap Back means the automatic ‘snap back’ of sanctions against Iran that will occur if Iran fails to comply with any of its obligations under the JCPOA;
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Examples of Snap Back in a sentence

  • Snap Back prevents this from occurring by automatically inserting a fader move event at the end of the pass.

  • To understand why this might be useful, let’s first look at an example of what normally happens, without Snap Back.

  • At any time during the Snap Back Period, Licensor may provide written notice to Licensee (the “Snap Back Option Notice”) of Licensor's intent to exercise its rights under the Snap Back Option, with the Snap Back Option to be effective thirty (30) days from delivery of such notice (the “Snap Back Option Effective Date”).

  • Subject to the provisions of the Snap Back Option, Licensee shall solely own any and all Inventions solely made, conceived, or reduced to practice by Licensee or its Affiliates on or after the Effective Date (the “Licensee Invention”).

  • During the Snap Back Period, unless otherwise agreed in writing by the Parties, Licensor shall undertake the defense of such Proceeding with counsel of its choice (which shall be reasonably acceptable to Licensee), at its own expense, in which event Licensee shall have the right to be represented by advisory counsel of its own selection at its own expense.

  • For avoidance of doubt, Licensee shall not be required to surrender to Licensor any patents, know how, or inventions that are not solely related to the Product; and (v) submit a final report to Licensor no later than thirty (30) days following the Snap Back Option Effective Date summarizing in sufficient detail all Qualified Development Expenses and Licensee's calculation of the Snap Back Exercise Amount (the “Snap Back Exercise Amount”).

  • In consideration for termination of this Agreement during the Snap Back Period, Licensor shall pay to Licensee an amount calculated pursuant to the following table: On or before the six (6) month anniversary of the Effective Date An amount equal to 1.5 multiplied by the lessor of (x) the sum of (i) $115,000 and (ii) Qualified Development Expenses; and (y) $450,000.

  • All studies will be made by the Snap Back Reading Methods using a second watch for elapsed time.

  • Licensee covenants not to ▇▇▇ Licensor, its Affiliates or licensees, or seek other forms of legal remedy from Licensor, its Affiliates or licensees, for infringement of any Licensee Invention so long as such Licensee Invention arises out of or is related to the development or commercialization by Licensor of a Product after the Snap Back Option Effective Date.

  • In the event Licensor fails to assume the defense of such Proceeding during the Snap Back Period, Licensee may assume such defense at the expense of Licensor; provided, however, that Licensee will not consent to the entry of any judgment or enter into any settlement with respect to the Proceeding without the prior written consent of Licensor.

Related to Snap Back

  • Cash Back and “Cash Credit” means cash rewards benefit issued by the provider/bank for eligible applications or transactions.

  • Piggy-Back Registration. At any time after 180 days from the date hereof that all of the Shares may not be resold by the Holder pursuant to an exemption from registration under the Securities Act upon exercise on a cashless basis and unless all of the Ordinary Shares underlying the Purchase Warrant (collectively, the “Registrable Securities”) are included in an effective registration statement with a current prospectus, the Holder shall have the right, until the Expiration Date, or the maximum time allowable under FINRA Rule 5110(g)(8), whichever is the earlier, to include the remaining Registrable Securities as part of any other registration of securities filed by the Company (other than in connection with a transaction contemplated by Rule 145 promulgated under the Act or pursuant to Forms S-8, F-3, F-4 or any equivalent forms); provided, however, that if, solely in connection with any primary underwritten public offering for the account of the Company, the managing underwriter(s) thereof shall, in its reasonable discretion, impose a limitation on the number of Registrable Securities which may be included in the registration statement because, in such underwriter(s)’ judgment, marketing or other factors dictate such limitation is necessary to facilitate public distribution, then the Company shall be obligated to include in such registration statement only such limited portion of the Registrable Securities with respect to which the Holder requested inclusion hereunder as the underwriter shall reasonably permit; and further provided that no such piggy-back rights shall exist for so long as the Registrable Securities (which term shall include those paid as consideration pursuant to the cashless exercise provisions of this Purchase Warrant) may be sold pursuant to Rule 144 of the Act without restriction. Any exclusion of Registrable Securities shall be made pro rata among the Holders seeking to include Registrable Securities in proportion to the number of Registrable Securities sought to be included by such Holders; provided, however, that the Company shall not exclude any Registrable Securities unless the Company has first excluded all outstanding securities, the holders of which are not entitled to inclusion of such securities in such registration statement or are not entitled to pro rata inclusion with the Registrable Securities. In the event of such a proposed registration, the Company shall furnish the then Holders of outstanding Registrable Securities with not less than fifteen (15) days written notice prior to the proposed date of filing of such registration statement. Such notice to the Holders shall continue to be given for each registration statement filed by the Company until such time as all of the Registrable Securities have been sold by the Holder. The Holders of the Registrable Securities shall exercise the “piggy-back” rights provided for herein by giving written notice, within seven (7) days of the receipt of the Company’s notice of its intention to file a registration statement. Except as otherwise provided in this Purchase Warrant, there shall be no limit on the number of times the Holder may request registration under this Section 4.1.

  • Plug-in Hybrid Electric Vehicle (PHEV) means a vehicle that is similar to a Hybrid but is equipped with a larger, more advanced battery that allows the vehicle to be plugged in and recharged in addition to refueling with gasoline. This larger battery allows the car to be driven on a combination of electric and gasoline fuels.

  • Plug-in hybrid electric vehicle means a hybrid electric motor vehicle that:

  • Electronic Funds Transfer (EFT) indicator means a four-character suffix to the unique entity identifier. The suffix is assigned at the discretion of the commercial, nonprofit, or Government entity to establish additional System for Award Management records for identifying alternative EFT accounts (see subpart 32.11) for the same entity.