Commercial Term definition

Commercial Term means the term that begins when JNBridge receives the License Fee from Licensee and Licensee activates the Software, and continues thereafter in perpetuity unless either party terminates this Agreement in accordance with the terms herein.
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Commercial Term means the period of time commencing on the Option Effective Date and continuing uninterrupted until the later of (i) the expiration, invalidation of all claims of, or cancellation of the last to expire of the Patent Rights, or (ii) in the event Plant Variety Rights are granted for any plant variety that is a Licensed Product, the expiration, invalidation of all claims of, or cancellation of such Plant Variety Rights.
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Commercial Term shall have the meaning set forth in Section 3.1.
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Examples of Commercial Term in a sentence

  • The Software may contain functionality to disable access to or use of the Software following the end of the Trial Term or any Commercial Term applicable to the Software or upon any attempt to create a new Installation of the Software following initial Installation of the Software.

  • The licenses granted in this Section 5 are the sole rights and licenses granted to Licensee and Licensee is provided no other rights or licenses to the Software during the Commercial Term except as expressly stated in this Section 5.

  • Following expiry of the Initial Commercial Term, this Agreement shall automatically continue for consecutive twelve (12)-months terms, unless terminated by a Party with at least three (3) months' prior written notice.

  • Upon receipt of all applicable Fees, Licensee will receive the rights and licenses granted under Section 5 above during the applicable Commercial Term.

  • If the Design Builder does not know the extent to which the Design Materials might alter a Commercial Term, the Design Builder shall request in writing for the Owner/DES to agree to identify the Trend in the Trend Log.

  • Parent is making the foregoing representation and warranty after consultation with its Tax counsel and with full knowledge of the terms of this Agreement, the Commercial Term Sheets and the Separation Principles.

  • The Parties hereby agree that the Subscription Agreement, Exhibits and these Driver T&C along with Commercial Term Segment, OLA Policies, Zero Tolerance Policy and any other policy that OLA notifies to the Driver from time to time shall constitute the entire agreement between them and shall supersede and override all previous communications, either oral or written, between the parties with respect to the subject matter of this Agreement.

  • If Licensee accepts the Order applicable to the Software (as set forth in Section 2) prior to the completion of the Trial Term, then the term of this Agreement shall be extended as to that Software for the duration of the commercial term specified in the applicable Order (the "Commercial Term").

  • These Driver T&C together with the Subscription Agreement, Commercial Term Segment, Zero Tolerance Policy, OLA Policies, shall be deemed to be incorporated by reference into these Driver T&C and shall form the complete understanding between the Parties.

  • Each of the Parties may terminate this Agreement, without any cause, by delivery of at least three (3) months' prior written notice termination to the other Party, following the Initial Commercial Term of the Agreement.


More Definitions of Commercial Term

Commercial Term means the period starting on the Commercial Operation Date and ending at the end of the Term.
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Commercial Term means the economic terms of the contractual relationship as contained in the Form Order and agreed upon by the Parties.
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Commercial Term means any of the following: level of service; availability; output, including quantities of products produced or distributed or the amount or level of service provided; or rebates or discounts made available.
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Related to Commercial Term

  • Commercial Terms means this Agreement excluding the Purchase Order;

  • Initial Term has the meaning set forth in Section 7.1.

  • License Term means the duration of a License as specified in the Order.

  • Academic term means a division of the school year during which a course of studies is offered, and includes a semester, quarter, or single consolidated summer term as defined by the institution.

  • Renewal Term has the meaning set forth in Section 2.

  • Minimum Term means the minimum period of service for each Service as shown on the Service Agreement, such period to start on the date on which the relevant Service is first made available to you for use;

  • Extended Term shall have the meaning given such term in Section 2.4.

  • Royalty Term means, with respect to each Licensed Product, the period of time beginning on the first sale of a Licensed Product in a country following receipt of regulatory approval for the marketing and sale of such Licensed Product in such country and continuing on a country-by-country and product-by-product basis until the later of (1) the expiration of the Patent Term, or (ii) ten (10) years from the date of such sale of such Licensed Product in such country (other than any sale or transfer between Licensee and its Affiliates or Sublicensees).

  • Agreement Term has the meaning set forth in Section 11.1.

  • Original Term means the period from the Commencement Date until the end of the fiscal year of Lessee in effect at such Commencement Date.

  • Regulatory Exclusivity Period means, with respect to a Licensed Product in any country in the Territory, a period of exclusivity (other than Patent exclusivity), granted or afforded by Applicable Law or by a Regulatory Authority in such country, that confers exclusive marketing rights with respect to such Licensed Product in such country.

  • Contract Term means period of performance set forth in the paragraph entitled “Term” contained in Exhibit E.

  • License Period means the period beginning from the Commencement Date and ending on the Termination Date.

  • Renewal Period “Buyer” and “Default” have the same meanings respectively as they have in the Water Agreement.