Undivided Right definition

Undivided Right means, for a Performance R▇▇ whose Talent Information Sheet expressly includes such right, the undivided share of the sublicense of the Proprietary Rights granted by the Company jointly and severally to the Investor and other Users who are parties to R▇▇▇ relating to the same Talent and whose right in the undivided sublicense is equal to: [One divided by the Maximum Supply];
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Examples of Undivided Right in a sentence

  • Consequently, the termination, cancellation or modification of the Performance Agreement, as the case may be, or the Talent’s breach of contract under the Performance Agreement may result in particular for the Investor (a) having the status of Subscriber in a total or partial loss of the Subscription Price paid by him to the Company, (b) the possibility of not receiving a Assignment Price in the event of an Assignment on the Secondary Market, (c) the loss or modification of the Undivided Right.

Related to Undivided Right

  • Undivided profits means the amount of retained earnings and any additional amounts held in capital reserve accounts of the savings bank.

  • Undivided Interest means the undivided interest in the Trust evidenced by an Investor Certificate.

  • Distributed Right has the meaning set forth in the definition of “Adjustment Factor.”

  • Fractional Undivided Interest Means the fractional undivided interest in the Trust that is evidenced by a Certificate.

  • Limited Right means the right to receive an amount of cash based upon the terms set forth in Section 9.