Severable Improvements definition

Severable Improvements means Improvements that do not fall within the scope of a claim of any of the Patent Rights;

Severable Improvements means any fixtures, alterations, improvements, modifications or additions (i) that are not required to be made to comply with Legal Requirements or Insurance Requirements, and (ii) that can be removed from the applicable Property without (x) causing damage to such Property that cannot be readily repaired by the Lessee or (y) materially impairing the value, utility or useful life of such Property from that set forth in the Appraisal thereof delivered on the Restatement Effective Date.

Severable Improvements means such improvements and enhancements to the processes, whether patentable or not, (i) generated by or on behalf of Patheon, alone or jointly with Tricida, (ii) during the course of the Services, (iii) that are not specially adapted to the manufacture of API, an API intermediate, a product containing API, or a polymer having the capability to [***], and (iv) can be used outside the Field. For the purposes of this definition, the services performed under obligations under the K1 Contract, K2 Contract, K3 Contract, and K4 Contract shall be deemed to be during the course of the Services for purposes of this definition and this MDA.

Examples of Severable Improvements in a sentence

• The endorsement shall only be issued when the Amount of Insurance in Schedule A includes the aggregate of the Full Value of the Land or Full Value of the Leasehold Estate and/or Easement Estate and Full Value of the Severable Improvements and Full Valuable of the Electricity Facility.

• Valuation of Severable Improvements: (a) In the event of an Ejection, the calculation of the loss shall include (but not to the extent that these items of loss are included in the valuation of the Title determined pursuant to Section 8 of the Conditions or any other provision of this or any other endorsement) the diminution in value of the Insured’s interest in any Severable Improvement resulting from the Ejection, reduced by the salvage value of the Severable Improvement.

• Upon receipt of an Exercise Notice, the Parties acting reasonably shall promptly enter into negotiations in good faith with a view to the conclusion of a licence agreement in respect of the RPO Background IP and RPO Non- Severable Improvements during the Negotiation Period.

• However, property will be considered to be com- plete even though the lessee may add as Severable Improvements ancillary items of equipment of a kind that customarily are selected and furnished by purchasersor lessees of property of the kind subject to the lease.

• In commercial loan transactions in other jurisdictions, an ALTA 8.2-06 Endorsement is commonly requested and issued.Item 2012-69: Adopts Form T-54, Severable Improvements Endorsement, to address situations in which an item’s status as real or personal property is disputed.

More Definitions of Severable Improvements

Severable Improvements means severable improvements to or for the benefit of the Arena and its patrons and whether the property of Owner, Manager or an Affiliate of Manager.

Severable Improvements means such improvements and enhancements to the Manufacturing Technology, generated by or on behalf of SWI during the course of the performance of the Agreement that are not Non-Severable Improvements.

Severable Improvements means an Improvement to the Sepracor Technology which is capable of exploitation independently of the Sepracor Technology Controlled by Sepracor or its Affiliates as of the Effective Date and during the Term of this Agreement.

Severable Improvements means improvements that are generated by and within the research group lead by [***] (whether or not with a Third Party) during the Improvement Period within the Field and which commercial exploitation would not infringe one or more Valid Claims in the Patent Rights in absence of a license. Term has the meaning assigned thereto in Article 17. Territory means worldwide. Third Party means a person or entity other than the Parties and/or their Affiliates. Valid Claim means rights derived from (a) an issued and unexpired patent included within the Patents Rights, which has not been held permanently revoked, unenforceable or invalid by a decision of a court or other governmental agency of competent jurisdiction, without appeal or possibility of appeal within the time allowed for appeal, and which has not been admitted to be invalid or unenforceable through reissue or disclaimer or otherwise; or (b) a pending patent application included within the Patents Rights which claim was filed in good faith and has not been abandoned or finally disallowed without the possibility of appeal or re-filing of the application.

Severable Improvements means such improvements and enhancements to the processes, whether patentable or not, (i) generated by or on behalf of Patheon, alone or jointly with Tricida, (ii) during the course of the performance of the obligations under this CSA, including any Services, (iii) that are not [***], an [***], a product containing [***], or a [***] having the capability to [***], and (iv) can be used outside the Field.

Severable Improvements means Improvements to the Property (i) that are not required by Governmental Rule, (ii) that can be readily removed or detached from the Property without damaging the Property, (iii) that are not required for the proper operation of the Property, and (iv) the removal of which will not delay or interfere with Lessor's ability to exercise its rights under the Operative Documents.

Severable Improvements means alterations, additions, upgrades, and improvements to the Equipment that: (a) are not required to make the Equipment usable as intended by Lessee at the Commencement Date; (b) are separately identifiable personal Property; and (c) are capable of being readily removed from the Equipment without causing material damage to the Equipment and without materially reducing the original functional utility or Fair Market Value of the Equipment. Lessee shall not remove any Severable Improvement from the Equipment unless Lessee returns the Equipment to its original condition and functional utility.