Sublicensee

Sublicensee. Shall mean any person or entity sublicensed by LICENSEE under this Agreement to make, have made, use, market or sell Products designed and marketed for use in the Field of Use.

Sublicensee. Shall mean a third-party customer (except for Subsidiaries, which are properly and separately sublicensed under Section 2.1) of Licensee with whom Licensee has agreed to cooperate in the design or manufacture of Devices for sale or distribution by Sublicensee and with whom Licensee has entered into a Sublicense Agreement.

Sublicensee. Means a sublicensee under a Sublicense.

Sublicensee. Shall mean any of the Up Trust, the Down Trust and MACRO Securities Depositor, LLC. "Sublicensees" means all of the entities listed in the first sentence of this paragraph.

Sublicensee. Means a sublicensee under this Agreement.

Sublicensee. Shall mean a Third Party to which River's Edge or its Affiliates grant a sublicense in accordance with the provisions of Section 2.1.1.

Sublicensee. One or more person(s) that is/are party to a Sublicense Agreement with MASTER LICENSEE for the development and operation of a Coffeehouse in the Development Area pursuant to a Sublicense Agreement. An Affiliate of MASTER LICENSEE may not be a Sublicensee because such Affiliate must operate its Coffeehouse directly pursuant to a License Agreement. CARIBOU MLA AL SAYER (2004) 3

Sublicensee. Shall mean any Affiliates of BMTI and/or other third parties sublicensed by BMTI to exercise part or all of its rights hereunder.

Sublicensee. The term "Sublicensee" shall mean any third party to whom Licensee grants a sublicense with respect to the rights conferred upon Licensee under this Agreement, as permitted by Section 2.4. In addition, "Sublicensee" shall include any and all permitted third party sublicensees under Section 2.4.

Sublicensee. Means any sublicensee of Chelsea with respect to the license and rights granted under this Agreement.