Third Party Licensed Product definition

Third Party Licensed Product means any Licensed Product, except a B&L Licensed Product, whose therapeutic effect is derived in part from any proprietary product, compound, method, or process inlicensed or acquired by Licensee from an unAffiliated third party on an arm's- length basis.
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Third Party Licensed Product means a Generic Equivalent Product sold by a Third Party pursuant to authorization or license from Anesta and/or Eurand.
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Third Party Licensed Product means any medical device of whatsoever kind or nature that is covered by an existing or future license between Cytomedix and the seller or distributor of such device. Examples of current medical devices that would be deemed “Third Party Licensed Products” for purposes of this Agreement are devices sold by Harvest Technologies, Inc., under the brand name SmartPReP™; the devices sold by Medtronic, Inc., under the brand name Magellan™; the devices sold by DePuy Acromed under the brand name Symphony™; and devices sold by PPAI under the brand names Secquire™ or Thrombograft™.
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Examples of Third Party Licensed Product in a sentence

  • Where Licensee acquires rights to a Third Party Licensed Product but doesn't pay a royalty based on net sales, units sold, etc., royalties "deemed paid or payable" shall be the imputed royalty paid by Licensee in connection with the payment of the purchase price or other consideration to acquire those rights needed to use the applicable proprietary product, compound, method, or process in such Third Party Licensed Product.

  • The allocated portion of the purchase price or other consideration shall then be converted into an imputed royalty, taking into account all relevant factors, including, without limitation, the length of time over which Licensee may exercise the rights involved, the likely sales of such Third Party Licensed Product over such period of time, and/or other factors considered relevant at the time.

  • Third Party Licensed Product" means any Licensed Product, except a B&L Licensed Product, whose therapeutic effect is derived in part from any proprietary product, compound, method, or process inlicensed or acquired by Licensee from an unAffiliated third party on an arm's- length basis.

  • In no event shall the deemed royalty so derived exceed the royalty that would have been paid for the rights involved in an arms-length transaction with such third party had Licensee licensed such rights for use in connection with such Third Party Licensed Product on a purely royalty- bearing basis.

  • As modified from time to time by the Steering Committee, the applicable Market Projection Plan(s) shall reflect the impact of any contemplated introduction of any B&L Licensed Product or any Third Party Licensed Product which is expected to compete with any other Licensed Product.

  • Promptly following the granting of such consent or license to a Third Party Licensed Product, if Herbalife or any Affiliate has not received the Formulas for any such product from the third party licensee thereof, Supplier shall provide Herbalife or any Affiliate with those Formulas pursuant and subject to the terms and conditions hereof and of any third party license to enable Herbalife or any Affiliate to exercise the rights and licenses so granted.

  • Subject to Section 3.3, on all Net Sales of any Third Party Licensed Product Licensee shall pay to Licensor a running royalty equal to the Base Royalty reduced by [*] of the amount of any running royalty payable or "deemed paid or payable" by Licensee with respect to such Net Sales to any third party licensor of proprietary technology or other proprietary property included in such Third [*]-INDICATES MATERIAL THAT HAS BEEN OMITTED AND FOR WHICH CONFIDENTIAL TREATMENT HAS BEEN REQUESTED.

  • In no event shall the deemed royalty so derived exceed the royalty that would have been paid for the rights involved in an arms-length transaction with such third party had Licensee licensed such rights for use in connection with such Third Party Licensed Product on a purely royalty-bearing basis.

  • Third Party Licensed Product" means a First Generation Exclusive Licensed Product or a Non-Exclusive Licensed Product, the therapeutic effect of which is derived in part from any proprietary product, compound, method or process in-licensed or acquired by Licensee from an unaffiliated third party on an arm's length basis; provided that such First Generation Exclusive Licensed Product or Non-Exclusive Licensed Product is subject to a running royalty equal to the Base Royalty.

  • Licensees further shall use their best efforts, as reasonably required by Cytomedix, to cause any supplier or Distributor of Platelet Products (whether PPAI Branded Platelet Product or Third Party Licensed Product) to provide Cytomedix with copies of records reasonably necessary to verify the Platelet Products sold to Licensees for any period covered by this Agreement.


More Definitions of Third Party Licensed Product

Third Party Licensed Product means any medical device (whether a hardware or disposable device) that is covered by an existing license between Cytomedix and the seller or distributor of such device. Examples of current medical device that would be deemed "Third Party Licensed Products" for purposes of this Agreement are devices sold by Harvest Technologies, Inc., under the brand name SmartPReP(TM) and the devices sold by Medtronic, Inc., under the brand name Magellan(TM).
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Related to Third Party Licensed Product

  • Licensed Product means any pharmaceutical product containing a Licensed Compound (alone or with other active ingredients), in all forms, presentations, formulations and dosage forms.

  • Third Party Licensor means the relevant licensor of any Third Party Data or any Third Party Trade Xxxx;

  • Licensed Products means tangible materials which, in the course of manufacture, use, sale, or importation, would be within the scope of one or more claims of the Licensed Patent Rights that have not been held unpatentable, invalid or unenforceable by an unappealed or unappealable judgment of a court of competent jurisdiction.

  • Third Party License means licenses from third parties governing third party software embedded or used in the Trading Platform.

  • Third Party Product means a product (whether hardware, software or services) supplied to you by a third party;

  • Licensed producer means a person or entity licensed to produce medical cannabis.

  • Third Party Products means the Third Party Software and Third Party Hardware.

  • Licensed Field means all fields of use.

  • Collaboration Product means any pharmaceutical product in finished form that contains a Collaboration Compound, either as the sole active ingredient or in combination with one or more other active ingredients, and all present and future formulations, dosages and dosage forms thereof.

  • Hemp product means the same as that term is defined in § 3.2-4112.

  • New Product means the Synology-branded hardware product and Synology-branded accessories contained in the original packaging Customer bought from an authorized Synology distributor or reseller. You may see our “New Product” at Product Support Status.

  • Third Party Licenses has the meaning set forth in Section 3.

  • Third Party(ies) means a person or entity who or which is neither a Party nor an Affiliate of a Party.

  • Licensed IP means the Licensed Patents and the Licensed Know-How.

  • Licensed Fields of Use means the fields of use identified in Appendix B.

  • Licensed Compound means [***].

  • Licensed Compounds means any EZH2 Compound(s) that is:

  • Third Party Technology means all Intellectual Property and products owned by third parties and licensed pursuant to Third Party Licenses.

  • Licensed Patent Rights means:

  • Licensed Services means all functions performed by the Licensed System.

  • Licensed Field of Use means all fields.

  • Diagnostic Product means any test or assay for diagnosing or detecting a disease, disorder, medical condition, or symptom.

  • Licensor Technology means the Licensor Patents and the Licensor Know-How.

  • Licensed Territory means worldwide.

  • Sublicensee means a third party to whom LICENSEE grants a sublicense of certain rights granted to LICENSEE under this Agreement.

  • Generic Product means a product which (a) contains as its active pharmaceutical ingredient a compound that is (or is substantially the same as) the Licensed Compound, and (b) has been placed on the market pursuant to a validly granted marketing authorization.