Licensed Product

Licensed Product. Shall mean any product or products containing niacinamide, zinc, copper and folic acid, including without limitation, any product that was, is, or may be listed in drug database services as substitutable for, and/or listed in place of the product sold by DUSA under its trademark, Nicomide® or which is covered under the claims of U.S. Patent No. 6,979,468 entitled "Oral Composition and Method for the Treatment of Inflammatory Cutaneous Disorders" (the "468 Patent").

Licensed Product. Any product or process exclusive of the medical field covered by a Valid Claim of a Licensed Patent Right.

Licensed Product. The term "Licensed Product" shall mean any product, article, composition, apparatus, substance, chemical or any other material for therapeutic or diagnostic use which is covered by the Patent Rights or the Property Rights, incorporates the Licensed Antibodies or is discovered, derived or developed using the M-Tech Technology, as such terms are defined herein.

Licensed Product. The term "Licensed Product" shall mean any product which cannot be developed, manufactured, offered to sale, used or sold without (i) infringing one or more claims under Scripps Patent Rights or (ii) utilizing any part of Scripps Technology not otherwise includable within Scripps Patent Rights. 2 1.6 Major Market Country. The term "Major Market Country" shall mean any of the following countries and their respective territories and possessions: Canada, France,... Germany, Italy, Japan, the United Kingdom and the United States. 1.7 Net Sales. The term "Net Sales" shall mean the gross amount received by Licensee upon payment of invoice, or its Affiliates and sublicensees, or any of them, on all sales of Licensed Products, less (i) discounts actually allowed, (ii) credits for claims, allowances, retroactive price reductions or returned goods, (iii) prepaid freight and (iv) sales taxes or other governmental charges actually paid in connection with sales of Licensed Products (but excluding what are commonly known as income taxes and value-added taxes). For purposes of determining Net Sales, a sale shall be deemed to have occurred when an invoice therefor shall be generated and payment received by Licensee, or its Affiliates and Sublicensees or any of them. Sales of Licensed Products by Licensee, or an Affiliate or sublicensee of Licensee to any Affiliate or sublicensee which is a reseller thereof shall be excluded, and only the subsequent sale of such Licensed Products by Affiliates or sublicensees of Licensee to unrelated parties shall be deemed Net Sales hereunder. View More

Licensed Product. Means any product, the manufacture, use, sale, offer for sale or import of which, in the absence of a license under the Licensed Patents, would infringe a claim of a Licensed Patent.

Licensed Product. Shall mean any product or part thereof which: (a) the manufacture, use or sale of which is covered in whole or in part by any claim in the NEOMAGIC Patents in the country in which any such product or part thereof is made, used or sold; or (b) is manufactured by using a process or is employed to practice a process which is covered in whole or in part by any claim in the NEOMAGIC Patents in the country in which any Licensed Process is used or in which such product or part thereof is used or... sold. Notwithstanding the foregoing, "Licensed Product" does not include any NeoMagic Product. View More

Licensed Product. Shall have the meaning provided in the Exclusive License Agreement.

Licensed Product. Means the WMS Licensed Products and/or the IGT Licensed Products, as applicable.

Licensed Product. Means any material that is produced using the Licensed Method, or that the use of which would constitute, but for the license granted to Pangenix under the Master License and to AviGenics under this Agreement, an infringement of any pending or issued claim within Patent Rights.

Licensed Product. The term "Licensed Product" shall mean any product, the composition of matter, manufacture, use, importation, sale or offer for sale of which is within the scope of the Licensed Patent Rights.