Reversionary Rights definition

Reversionary Rights is defined in Section 5.8(b)(ii).
Sample 1Sample 2
Reversionary Rights means the reversionary rights of BIC2 to the assets granted as security under the BIC2 Pledge and Cession and the BIC2 Account Cession after full and irrevocable satisfaction of all its obligations under the First Ranking Guarantee, the BIC2 Pledge and Cession and the BIC2 Account Cession;
Sample 1Sample 2
Reversionary Rights means the Company's rights against the Class A Preference Shareholders, the Class B Preference Shareholders and/or the Class C Initial Preference Shareholders under this Agreement to re-cession of the Ceded Rights or the proceeds thereof, including all of the Company's rights of action against other persons, and any rights which may now or in future vest in the Company, pursuant to any such Reversionary Rights in respect of the Ceded Rights;
Sample 1

Examples of Reversionary Rights in a sentence

  • With effect from the Effective Date, the Pledgor, subject to the First Ranking Cession and Pledge hereby pledges to Nedbank all of the ARM Shares and cedes in securitatem debiti to Nedbank all of the Reversionary Rights and Interests, as a continuing general covering collateral security for the due, proper and timeous payment and performance in full of all of the Secured Obligations, on the terms and conditions set out in this Agreement, which pledge and cession Nedbank hereby accepts.

  • Nedbank shall apply the net proceeds of all amounts received pursuant to the sale or other realisation of the ARM Shares and/or the Reversionary Rights and Interests (after deducting all properly evidenced costs and expenses incurred by Nedbank in relation to such realisation) in reduction or discharge, as the case may be, of the Pledgor's obligations under the Secured Obligations in its sole discretion as it deems fit.

  • If McMoRan elects to receive an assignment of its Reversionary Rights, El Paso and McMoRan shall thereafter share equally in all revenues and costs from the Assets subject to the applicable Operating Agreement therefor; provided however that El Paso shall remain solely responsible for all costs, expenses and liabilities with respect to the Reversionary Rights properly incurred by El Paso prior to Payout.

  • The Seller shall promptly, and in any event within [**], provide the Buyer with access to all materials, reports, information and property delivered, provided or otherwise made available to the Seller in connection with such Triggering Termination, the Licensee’s ongoing obligations and the Reversionary Rights.

  • In the event that the Seller does not notify the Buyer in writing that the Seller has elected to pursue the Reversionary Rights within [**] of a Triggering Termination, the Buyer shall have the right to cause the Seller to pursue the Reversionary Rights by delivering written notice to the Seller and the Seller shall act as reasonably instructed by the Buyer to pursue the Reversionary Rights.

  • McMoRan shall have thirty (30) days after receipt of such notice to elect in writing to exercise its option to be assigned the Reversionary Rights or not to be assigned its Reversionary Rights.

  • At any time from and after the date of this Agreement, either BSST or Amerigon may elect to purchase the Reversionary Rights from Xxxx at the Valuation Amount (as defined below).

  • As such time as Payout is reached, McMoRan shall have the option to be assigned, effective as of the date of Payout, an undivided fifty (50%) percent of the working interest and net revenue interest in the Assets at such time (the "Reversionary Rights"), free of any burdens created or caused by El Paso.

  • With respect to the Property, subject to the Excluded Interests, Limitations and Reversionary Rights, (a) Seller owns the Property free and clear of all Encumbrances arising by, through or under Seller other than Permitted Encumbrances and (b) Seller has not sold, conveyed, assigned, optioned or transferred any right, title or interest in the Property to any third party.

  • KEPT FREE OF ENCUMBRANCES The Pledgor shall at all times keep the ARM Shares and the Reversionary Rights and Interests free of Encumbrances, (save as for such Encumbrances created or required to be created in terms of the Transaction Documents) and shall not prejudice, compromise, grant any indulgences or agree to vary the terms of any document creating the ARM Shares and the Reversionary Rights and Interests without the prior written consent of Nedbank.


More Definitions of Reversionary Rights

Reversionary Rights means the reversion of the Technology to Seller in the event Purchaser fails, neglects or otherwise refuses to pay that portion of the purchase price referred to in subparagraph 1.5 (ii) and (iii) and Seller elects to exercise its right or reversion as described in Article II.
Sample 1
Reversionary Rights the reversionary rights of the Borrower in the 20% equity interest in Klipdam and HCWD upon the Pledge not being enforced “RSA” the Republic of South Africa
Sample 1
Reversionary Rights. So long as mineral development has been commenced during the duration of the Wyoming Department of Environmental Quality Permit to Mine for the Bull Hill Mine Project and for so long as development continues, Rare Element Resources, Inc. shall retain control and ownership of the mineral estate If any minerals are not developed or cease to be developed at the expiration or termination of the Wyoming Department of Environmental Quality Permit to Mine for the Bull Hill Mine and conclusion of bonding for that permit by whatever means (release, forfeiture, or otherwise), any and all minerals shall revert back to the State of Wyoming.
Sample 1

Related to Reversionary Rights

  • Ancillary Rights means, in each case with respect to the relevant Seller Receivable:

  • IP Ancillary Rights means, with respect to any other Intellectual Property, as applicable, all foreign counterparts to, and all divisionals, reversions, continuations, continuations-in-part, reissues, reexaminations, renewals and extensions of, such Intellectual Property and all income, royalties, proceeds and Liabilities at any time due or payable or asserted under or with respect to any of the foregoing or otherwise with respect to such Intellectual Property, including all rights to xxx or recover at law or in equity for any past, present or future infringement, misappropriation, dilution, violation or other impairment thereof, and, in each case, all rights to obtain any other IP Ancillary Right.

  • Proprietary Rights means all trade secret, patent, copyright, mask work and other intellectual property rights throughout the world.

  • Warranty Rights means the Warranty Rights as described in Schedule I to the Participation Agreement.

  • Leasehold Estate means Borrower’s interest in the Land and any other real property leased by Borrower pursuant to the Ground Lease, if applicable, including all of the following:

  • Restricted rights, as used in this clause, means the rights of the Government in restricted computer software, as set forth in a Restricted Rights Notice of paragraph (g) if included in this clause, or as otherwise may be provided in a collateral agreement incorporated in and made part of this contract, including minor modifications of such computer software.

  • Class R-IV Interest The uncertificated Residual Interest in REMIC IV.

  • Contract Rights means all rights of any Assignor under each Contract, including, without limitation, (i) any and all rights to receive and demand payments under any or all Contracts, (ii) any and all rights to receive and compel performance under any or all Contracts and (iii) any and all other rights, interests and claims now existing or in the future arising in connection with any or all Contracts.

  • Owned Intellectual Property Rights means any and all Intellectual Property Rights owned or purported to be owned by the Company or any of its Subsidiaries.

  • Intellectual Property Rights or IPR means copyright, rights related to or affording protection similar to copyright, rights in databases, patents and rights in inventions, semi-conductor topography rights, trade marks, rights in internet domain names and website addresses and other rights in trade or business names, designs, Know-How, trade secrets and other rights in Confidential Information; applications for registration, and the right to apply for registration, for any of the rights listed at (a) that are capable of being registered in any country or jurisdiction; and all other rights having equivalent or similar effect in any country or jurisdiction;

  • Leaseholds of any Person means all the right, title and interest of such Person as lessee or licensee in, to and under leases or licenses of land, improvements and/or fixtures.

  • Owned Property has the meaning set forth in Section 4.10(a).

  • Joint Intellectual Property Rights means any work under the Subcontract, which:

  • Licensed IP Rights means, collectively, the Licensed Patent Rights and the Licensed Know-How Rights.

  • Transferred Technology has the meaning set forth in Section 2.3(a).

  • Intellectual Property Assets includes:

  • Leasehold of any Person shall mean all of the right, title and interest of such Person as lessee or licensee in, to and under leases or licenses of land, improvements and/or fixtures.

  • Owned Properties has the meaning set forth in Section 3.16.

  • Permitted Title Exceptions means those exceptions to title to the Real Property that are satisfactory to the Acquiror as determined pursuant to Section 2.2.

  • Transferred Intellectual Property means (i) all Intellectual Property Rights owned by the Acquired Companies, (ii) the Transferred Trademarks, (iii) the Transferred Patents, (iv) the Transferred Domains, and (v) all other Intellectual Property Rights owned by Sellers or their respective Affiliates as of the Closing Date that are exclusively used in or are exclusively related to the development, manufacture, marketing, use or sale of the Business Products.

  • Restricted Assets means all licenses, permits, franchises, approvals or other authorizations from any Governmental Authority from time to time granted to or otherwise held by the Company to the extent the same constitute “Excluded Assets” under (and as defined in) the Senior Lien Documents or the Junior Lien Documents or are similarly carved out from the granting clause or the collateral thereunder.

  • Trademark Rights means all common law and other rights (but in no event any of the obligations) in and to the Trademarks in the United States and any state thereof and in foreign countries.

  • Intellectual Property Rights (IPR) (11/18) means any patent rights, copyrights, trade secrets, trade names, service marks, trademarks, trade dress, moral rights, know-how and any other similar rights or intangible assets to which rights of ownership accrue, and all registrations, applications, disclosures, renewals, extensions, continuations, or reissues of the foregoing now or hereafter in force. “Key Personnel” (11/18) means the specific individuals identified in Section 3.11 to fill Key Positions.

  • Licensed Intellectual Property Rights means all Intellectual Property Rights owned by a third party and licensed or sublicensed to either the Company or any of its Subsidiaries.

  • Third Party Intellectual Property Rights means any Intellectual Property owned by a third party.

  • Trade Rights means and include: (i) all trademark rights, business identifiers, trade dress, service marks, trade names and brand names, all registrations thereof and applications therefor and all goodwill associated with the foregoing; (ii) all copyrights, copyright registrations and copyright applications, and all other rights associated with the foregoing and the underlying works of authorship; (iii) all patents and patent applications, and all international proprietary rights associated therewith; (iv) all contracts or agreements granting any right, title, license or privilege under the intellectual property rights of any third party; (v) all inventions, mask works and mask work registrations, know-how, discoveries, improvements, designs, trade secrets, shop and royalty rights, employee covenants and agreements respecting intellectual property and non-competition and all other types of intellectual property; and (vi) all claims for infringement or breach of any of the foregoing.