Upstream Entity definition
Upstream Entity has the meaning given in the definition of “Non-Restricted Limited Partner”;
Upstream Entity means the ultimate or immediate holding company of a downstream entity;
Examples of Upstream Entity in a sentence
Subject to Section 2.7(e), until full repayment of the Indebtedness, no Upstream Entity shall receive any cash flow distributions from Borrower or from the Mortgaged Property.
Until full repayment of the Indebtedness, no Upstream Entity shall receive any cash flow distributions from Borrower or from the Mortgaged Property.
The Parties acknowledge that if Amorfix's rights to any Licensed Technology terminates for any reason, including a termination by an Upstream Entity of an Upstream Agreement, Biogen Idec should not have to pay in the aggregate milestone payments or royalties exceeding the milestone payments or royalties set forth in this Agreement for all such Licensed Technology (and Technology that was formerly Licensed Technology).