Company Intangible Property. (i) Company owns, or possesses a valid and enforceable license or otherwise possesses legally enforceable rights to use, all Company Intellectual Property Rights (as hereafter defined) that are necessary to conduct the business of the Company as currently conducted or planned to be conducted and has no restriction on the rights to use the same.
Appears in 3 contracts
Samples: Agreement and Plan of Merger (Plato Learning Inc), Agreement and Plan of Merger (Wasatch Interactive Learning Corp), 1 Agreement and Plan of Merger (Plato Learning Inc)
Company Intangible Property. (i) The Company owns, or possesses a valid and enforceable license its Subsidiaries owns or otherwise possesses legally enforceable rights is properly licensed to use, use all Company material Intellectual Property Rights (as hereafter defined) that are necessary to used or required for the conduct of the business of the Company as currently conducted or planned and its Subsidiaries. Notwithstanding the foregoing, this representation and warranty shall not be deemed to be conducted applicable to any Intellectual Property Rights of third parties licensed or otherwise provided or required to be provided by customers of the Company and has no restriction on the rights to use the sameits Subsidiaries.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Divine Inc), Agreement and Plan of Merger (Data Return Corp)
