Sale of Technology. 15 7.01. RESTRICTION..................................................................... 15 7.02.
Sale of Technology. Subject to the terms and conditions of this Agreement, on the Closing Date, the Inventor hereby agrees to sell, assign and transfer to the Company all of his right, title and interest in and to the Technology including, without limitation, the following assets free and clear of all liens, charges, encumbrances and security interests whatsoever:
Sale of Technology a. If an Event of Default has occurred and is continuing as provided in Section 8.2 hereof or the indebtedness created hereby either with respect to principal or interest remains in whole or in part unpaid as of the Due Date, the Holder will be entitled and empowered to dispose of the Technology or any part thereof: i. at public sale, which public sale may be conducted at the location designated by the trustee for cash or on credit and on such terms as the trustee may in its sole discretion, elect after giving at least five days notice of the time and place of sale in the manner provided by law, or ii. at private sale upon like notice for cash or on credit and on such other terms as the Holder may in its sole discretion elect.
Sale of Technology. If the Company determines to sell, license or otherwise dispose of the Patents or antenna technology, any consideration received by the Company in connection with said transaction up to the first $5,000,000 shall be paid, in full, in like kind, to Payee at the closing of such transaction in accordance with the terms and conditions of the agreement relating to the transaction. Payee shall have the right to require as a condition of the closing of any such transaction that the party acquiring the Patents or any rights thereunder shall, at a minimum, be required to acknowledge, adopt and agree to be bound by all terms and conditions of this Agreement.
Sale of Technology. Subject to the terms and conditions of this Agreement, at the Closing, Dong-A shall sell, assign, convey, transfer, and deliver all its right, title, and interest in and to the Acquired Technology to NeuroBo. The Acquired Technology includes all claims for damages for past infringement of any of the Acquired Technology, the right to xxx for and collect the same for its own use and enjoyment, and for the use and enjoyment of its successors and assigns.
Sale of Technology. 2.01 The Vendor agrees to sell and the Purchaser agrees to purchase as at the Effective Date, at and for the price of Ninety Thousand Dollars USD ($90,000 USD), all of the Vendor's right, title and interest in the invention and which for greater clarity but without in any way restricting the foregoing definition, shall include:
Sale of Technology. In the event that management of the Company elects, in its sole discretion, to form or organize a company or other entity in which the Company will hold a majority of the initial outstanding capital (hereinafter, a "New Company") for the purpose of exploiting any technology, know-how or other process developed (or any such technology, know-how or process that is yet in-process but is substantially completed) by Employee in the course of his employment hereunder (the "Subsequently Developed Technology"), then Employee shall receive 5% of such New Company's initial equity at the time of its incorporation; provided that Employee agrees that such equity may be diluted if there are additional issuances of New Company equity after incorporation, so long as all stockholders are diluted equally. Nothing contained herein shall, however, be deemed, construed or interpreted to obligate the Company to undertake any activity to exploit any Subsequently Developed Technology. In any circumstance where no New Company is established but the Company is contractually entitled to derive any royalties or future payments directly from the exploitation of Subsequently Developed Technology, then the Company and Employee agree to enter into good faith negotiations that are intended to enable Employee to participate in or share in such payments to which the Company may be so entitled, it being understood that Employee's participation in or share of any amounts to which the Company may so entitled shall not in any event exceed 5% of such amount. If the Company incorporates a New Company as a result of the Employee's substantial initiatives, then the Employee shall receive 2.5% of such New Company's equity at the time of its incorporation. If the Company either ceases operations or changes its business focus such that the Company no longer intends to utilize the technology set forth on Exhibit A hereto (the "Existing Technology"), the Company shall sell the Existing Technology to Employee for ninety percent (90%) of its then current fair market value as determined by an independent appraiser mutually selected by the Company and Employee.
Sale of Technology. The Company shall have the right at any time to ------------------ sell, transfer or assign all or any of its rights in and to the Basic Technology. Any such sale, transfer or assignment shall be subject to the Inventor's rights hereunder, and upon the purchaser, transferee or assignee assuming performance of this Agreement in place and stead of the Company, the Company shall be released and discharged of and from any further liability or obligation hereunder. No part of any sales price or other consideration received by, or payable to, the Company shall be included in the Company's Covered Revenues and the Inventor shall have no rights under this Agreement in respect of any thereof.
Sale of Technology. For a period of six (6) months after the expiration of the Exclusivity Period, Global agrees that it shall not transfer, dispose of, sell, lease, license (except on a non-exclusive basis in its ordinary course of business), mortgage or otherwise encumber or subject to any pledge, claim, lien, charge, encumbrance or security interest of any kind or nature whatsoever (except for the Security Agreement dated as of November 14, 1995 between the Bank and Global) (all such transactions being hereafter referred to as a "Sale") any of the Technology until it complies in full with the provisions of this Section III.
Sale of Technology. 1.1 The Seller agrees to sell, transfer and assign, and the Buyer agrees to purchase as at the Closing Date, the Technologies and Assigned Rights including all modifications, enhancements and improvements to the Technologies and to sell, transfer and assign all his right title and interest in the Technologies and the Assigned Rights including the engineering and design drawings, studies and reports and all information relating to the Technologies and the Assigned Rights, whether written or oral and related Technologies including the past, present and future versions of software, computer programs, data and text (regardless of the form in which it including but not limited to the source code version thereof and the batch processor logic module) and all patent rights, copyrights, trade secret rights and other proprietary rights in and thereto including all documentation for the Software, all technical documentation, system designs and specifications, flow charts, record and file layouts, memoranda, correspondence and other such documentation containing or relating to the design, structure or coding or testing of, or algorithms or routines used in, or errors discovered or corrected in, the software and any other type of information or material (in whatever form, whether human or machine readable) relating to the software that was prepared by or for the Inventor and the Buyer desires to purchase and acquire all the Seller’s right, title and interest in the Technologies and the Assigned Rights and related technologies, the trademarks and service marks set forth herein on an “as is basis” and to further develop and commercialize the Technologies and the Assigned Rights herein sold by the Seller and all research, developments, engineering and design drawings and specifications, software studies and reports and all information whether oral or written of the Inventor free and clear of all liens, charges and encumbrances.
