Additional Right Sample Clauses
An "Additional Right" clause grants one party extra entitlements or privileges beyond those already specified in the main agreement. This clause typically outlines specific circumstances or conditions under which these extra rights may be exercised, such as the right to purchase additional shares, access certain information, or receive enhanced services. Its core practical function is to provide flexibility and address unique needs or scenarios that may arise, ensuring that the party’s interests are further protected or accommodated beyond the standard terms.
Additional Right. Notwithstanding any provision of Section 9, Isis will actively participate in the planning and conduct of any enforcement of Regulus IP or Isis IP and will take the lead of such enforcement to the extent that the scope or validity of any Licensed Patent Right Controlled by Isis [***].
Additional Right. Notwithstanding any provision of this Article 8, Isis will actively participate in the planning and conduct of any enforcement of Regulus Technology and will take the lead of such enforcement solely to the extent that the scope or validity of any Parent Company Patent Controlled by Isis and covering a [...***...] chemical modification is at risk. Such Parent Company Patents Controlled by Isis as of the Effective Date are set forth on Schedule 8.10.
Additional Right. In addition to the rights set forth in Paragraph 7.4 above, if Client fails to pay any fees or charges due under this Agreement, except those disputed in good faith, for 45 days, or fails to carry out any other material obligation under this Agreement, Shopperations may, at its option, suspend Client’s access to the SaaS Services, upon ten days’ prior written notice. Unless this Agreement is terminated pursuant to Paragraph 7.4 above, upon Client curing the default, Shopperations shall resume any suspended SaaS Services.
Additional Right. In addition to the rights set forth in this Agreement, if Customer fails to pay any fees or charges due under this Agreement, except those disputed in good faith, for 60 days, or fails to carry out any other material obligation under this Agreement, WORKS may, at its option, suspend Customer’s access to the Services, upon ten days prior written notice to Customer. Unless this Agreement is terminated pursuant to Paragraph 8.4 above, upon Customer curing the default, WORKS shall reinstate any suspended access to the Services.
Additional Right. At the option of 7th Level and upon 30 Trading Days written notice, and subject to satisfaction of the conditions to exercisability set forth below, 7th Level may exercise one right (the "Additional Right"), beginning 270 days after the Initial Closing Date and ending on the second anniversary of the Initial Closing Date, to require ▇▇▇▇▇▇▇▇ to purchase a number of newly issued Common Stock (the "Additional Shares") equal to the lesser of the number (1) represented by $5 million divided by the Additional Purchase Price (as defined below), (2) that, when added to all shares previously issued to ▇▇▇▇▇▇▇▇ under this Agreement, including Initial Shares, Secondary Shares, and shares issuable or issued under the ▇▇▇▇▇▇▇▇ Rights (as defined below) up until the 7th Level Closing Date, would equal or exceed fifteen (15) percent of the shares of Common Stock outstanding on the Initial Closing Date until the end of the fifteenth month after the Initial Closing Date, at which such time the limit shall be raised from 15 percent to 19.9 percent, or (3) that equals four (4) multiplied by the arithmetic average of the daily trading volume for the 60-day trading period ending the day immediately prior to the 7th Level Notice Date (as defined below) as reported by Bloomberg. The Additional Right shall not be exercisable, unless: (A) the Common Stock is listed by the NASDAQ National market (or a national U.S. securities exchange) at the time of the 7th Level Notice Date and at the 7th Level Closing Date, (B) a Registration Statement (as defined in Section 3.A) is effective and the prospectus contained therein is current at the 7th Level Notice Date and at the 7th Level Closing Date, (C) there has been no Blackout Period (as defined in Section 3.A) or any other period in which the Registration Statement is not effective or not able to be used by ▇▇▇▇▇▇▇▇ for resales within 30 Trading Days of the 7th Level Notice Date and 7th Level Closing Date, and (D) the Average Price for each of the 30 Trading Days through but excluding the third Trading Day immediately prior to the 7th Level Closing Date has continually exceeded three dollars ($3.00). Upon the exercise of the Additional Right and subject to satisfaction or waiver of the above-stated conditions on the 7th Level Closing Date, 7th Level shall issue and sell to ▇▇▇▇▇▇▇▇, and ▇▇▇▇▇▇▇▇ shall purchase from 7th Level, the Additional Shares at a purchase price per share (the "Additional Purchase Price") equal to the lesser of (1) ...
Additional Right. In order to acquire an additional interest in Mineracao (the “Additional Interest”), Diamante shall have the right (the “Additional Right”) but not the obligation to, in circumstances where the Initial Interest has been acquired, incur up to an additional US$2,000,000 of exploration expenses (the “Additional Exploration Expenses”) on the Claims no later than November 20, 2019 (the “Additional Interest Earn In Period”) so as to acquire up to an additional 29% equity interest in Mineracao. The itemized detail of such expenses (as well as any other expenses incurred by Diamante in connection with this Agreement, as provided for in this Agreement) shall be evidenced by the filings made by Diamante with the Securities and Exchange Commission (the “SEC”) indicating the incurrence of such exploration expenses as well as any other documentary evidence submitted by Diamante to Mineracao.
Additional Right. In the event that at any time after the date hereof, the Board of the Corporation or the Argo-Tech Board approves the merger, consolidation, or reorganization of the Corporation or Argo-Tech, the sale, exchange, or conversion of all or substantially all of the capital stock of the Corporation or Argo-Tech (whether by merger, consolidation, or otherwise, and whether or not the Corporation or Argo-Tech is the surviving entity), or any transaction similar in purpose to the foregoing, then all of the Stockholders shall be obligated as provided in Section 9.02 of the Stockholders' Agreement, and the Trustee shall be permitted, to sell, convert, or exchange a comparable proportion of their Securities to the same third party on terms and conditions no less favorable than those obtained by Yamada (the "Additional Right"); PROVIDED, HOWEVER, that the purchase price for any Securities to be disposed of
Additional Right. In addition to the rights set forth in Paragraph 7.4 above, if Client fails to pay any fees or charges due under this Agreement, except those disputed in good faith, for 30 days, or fails to carry out any other material obligation under this Agreement, RA may, at its option, suspend performance of the Services upon ten days’ prior written notice. Unless this Agreement is terminated pursuant to Paragraph 7.4 above, upon Client curing the default, RA shall resume the suspended Services.
Additional Right. If the Indemnifying Party is not, or becomes not, entitled to assume the defense of such Third Party Claim or withdraws from such defense, the Indemnified Party shall have the right to undertake the defense or settlement thereof, at the Indemnified Party’s expense, subject to the final determination of whether such expenses are indemnifiable Losses. If the Indemnified Party controls the defense of any Third Party Claim pursuant to this Section 9.6(d), the Indemnified Party shall keep the Indemnifying Party reasonably and timely apprised of all developments in and the status of such Third Party Claim, and, such Indemnified Party shall have the right to compromise or settle such Third Party Claim as indemnifiable Losses with the consent of the Indemnifying Party, which consent shall not be unreasonably withheld, conditioned or delayed; provided, that, if the Indemnified Party settles, in good faith, any Third Party Claim without the Indemnifying Party’s consent (and the absence of the consent was not due to the Indemnifying Party unreasonably withholding or conditioning its consent), then any such settlement of a Third Party Claim by the Indemnified Party not consented to by an Indemnifying Party shall not be determinative of the validity or the amount of Losses with respect to any claim for indemnification by such Indemnifying Party under this Article 9. The existence of any Third Party Claim shall not create a presumption of any breach by a Party of any of its representations, warranties, or covenants set forth in this Agreement. If an Indemnified Party controls any such Third Party Claim, the Indemnifying Party shall be entitled to participate in the defense or handling of such Third Party Claim with its own counsel and at its own expense.