Valuable Products definition

Valuable Products means commercially viable new products that may be manufactured or derived through the use of the Technology and that may be sold for value anywhere in the world.
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Examples of Valuable Products in a sentence

  • Production Royalty shall be calculated on the amounts of Commercially Recoverable Valuable Products contained in Leased Substances before any deductions whatsoever excepting only the deduction for any royalty credit under Article 3.C, and federal royalties based upon the production of Commercially Recoverable Products.

  • The Accountability Procedure shall specify methods and procedures to determine reasonably precise and accurate estimated quantities of Commercially Recoverable Valuable Products to be commingled prior to actual commingling, methods and procedures to track commingled Commercially Recoverable Valuable Products through Lessee’s operations, and procedures to reconcile actual recovered Valuable Products with pre-commingling estimates.

  • Commercially Recoverable Valuable Product(s) shall be defined, for the purposes of this Lease, as any valuable product(s) contained in Leased Substances which are 1) sold to a buyer, 2) deemed sold by production of dore under this Article 4, or 3) deemed sold per subsequent agreement to this Lease, such as a commingling agreement.

  • Lessee shall pay Lessor a royalty (“Production Royalty”) for all Commercially Recoverable Valuable Product(s) (as defined below) contained in the Leased Substances sold or deemed sold from the Red Rock Mineral Prospect.

  • Lessee shall pay Lessor a royalty (“Production Royalty”) for all Commercially Recoverable Valuable Product(s) (as defined below) contained in the Leased Substances sold or deemed sold from the North Battle Mountain Mineral Prospect.

  • Licensor and Licensee will each use reasonable commercial efforts to identify and develop Valuable Products.

  • Lessee shall pay the Payment Agent a royalty (“Production Royalty”) for all Commercially Recoverable Valuable Product(s) (as defined below) contained in the Leased Substances sold or deemed sold from the Red Rock Mineral Prospect.

  • However, in special circumstances beyond a nurse's control, which circumstances prevent the nurse from completing her vacation before March the nurse may make a written request to her Nursing Director by no later than the preceding March asking that accumulated vacation be held over the March deadline.

  • Licensee shall indicate conspicuously a patent notice on all products including the Technology and any other tangible materials relating to the Technology in accordance with the requirements of local patent laws wherever the Valuable Products are sold in the Territory.