YMC definition
Examples of YMC in a sentence
Inappropriate behavior will result in a warning, followed by parent contact, and perhaps immediate dismal from YMC.
Licensee hereby agrees that at the termination or expiration of this Agreement, Licensee will be deemed to have assigned, transferred and conveyed to YMC all rights in the Property which may have been obtained by Licensee or which may have vested in Licensee as a result of its activities under this Agreement, and Licensee will execute any reasonable instruments requested by YMUS to accomplish or confirm such assignment, transfer and conveyance.
YMC hereby grants to Licensee a non-exclusive, non-transferable license, for the term of this Agreement and subject to its terms and conditions, the non-exclusive right, license and privilege to use the Property in the manner described herein in association with the Articles listed in Schedule B, attached hereto except as provided in Paragraph's 14 hereof.
The receipt or acceptance by YMC of any of the statements hereunder, or any royalties paid hereunder, or the cashing of any royalty check paid hereunder, shall not preclude YMC or YMUS from questioning the correctness thereof at any time, and in the event that any inconsistencies or mistakes are discovered in such statements or payments, they shall be immediately rectified with the appropriate payment made by Licensee in accordance with the terms stated in Paragraph 2(d).
Licensee recognizes all of YMC's rights and interest in and to the Property and that all use of the Property licensed hereunder inures to the benefit of YMC.
If any such examination or audit shall reveal a deficiency of Royalty Payments due YMC, Licensee shall send payment to YMC with copy to YMUS, within ten (10) days of receipt of notice to cure the deficiency to YMC of any deficiency plus interest from the date when such deficiency should have been paid at 2% above the prime rate as quoted by the Chase Manhattan Bank in New York for the period of such deficiency.
Licensee agrees that it shall not claim any title to or right to use the Property except pursuant to this Agreement, and it shall not at any time attack or challenge the right of YMC in and to the Property, regardless of the nature or basis or forum of such attack or challenge, and regardless of whether it relates to title or validity.
YMC participants should not share prescription or non-prescription medications with other YMC participants.
Licensee shall remit to YMC with copy to YMUS, the royalties due in excess of any previously paid advance sum for each calendar quarter within thirty (30) days after the close of each calendar quarter, and payment shall be made with the statement rendered for that quarter.
Licensee agrees to pay to YMC a minimum royalty consisting of an advance payment to be applied against a minimum guarantee against which royalty payments shall be credited for each annual period in the initial term hereof and in any renewal term hereunder, in the amounts and in the manner specified in Schedule F, attached hereto.