Common use of Use of Rights Clause in Contracts

Use of Rights. (a) Aspect hereby grants to NK a non-exclusive, worldwide right and license during the Agreement Term to practice the Rights in order to manufacture, use and sell the Product as a component of multi-parameter module patient monitoring systems manufactured by or for NK. Specifically, but without limitation, the Rights may not be used to make, use or distribute the Product for incorporation into stand-alone EEG/BIS monitors. (b) During the Agreement Term, Aspect shall not grant, directly or indirectly, the right and license described in Section 2.1(a) above [**]. (c) For the rights and licenses granted hereunder, NK shall pay Aspect a license fee of [**] within thirty (30) days of the execution of this Agreement. NK may [**] of said license fee in order to pay withholding tax levied by the Government of Japan. NK agrees to send to Aspect tax payment certificates indicating payment of such withholding tax so that Aspect can be allowed by the tax authorities of the United States a tax credit in the amount of such withholding tax deducted in Japan.

Use of Rights. (a) Aspect hereby grants to NK a non-exclusive, worldwide right and license during the Agreement Term to practice the Rights in order to manufacture, use and sell the Product as a component of multi-parameter module modular patient monitoring systems manufactured by or for NK. Specifically, but without limitation, the Rights may not be used to make, use or distribute the Product for incorporation into stand-alone EEG/BIS monitors. (b) During the Agreement Term, Aspect shall not grant, directly or indirectly, the right and license described in Section 2.1(a) above [**]. (c) For the rights and licenses granted hereunder, NK shall pay Aspect a license fee of [**] within thirty (30) days of the execution of this Agreement. NK may [**] of said license fee in order to pay withholding tax levied by the Government of Japan. NK agrees to send to Aspect tax payment certificates indicating payment of such withholding tax so that Aspect can be allowed by the tax authorities of the United States a tax credit in the amount of such withholding tax deducted in Japan.