Common use of Deletion of Software Clause in Contracts

Deletion of Software. In the event that after the Closing Purchaser becomes aware of any instance of any Software in its possession that is owned by Seller or any of Seller’s Subsidiaries and which is not licensed to Purchaser or any Company, Purchaser shall use commercially reasonable efforts to delete those instances of the Software as soon as practicable.

Appears in 2 contracts

Samples: Acquisition Agreement (Symantec Corp), Acquisition Agreement (Verisign Inc/Ca)

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Deletion of Software. In the event that after the Closing Purchaser Buyer becomes aware of any instance of any Software in its possession that is owned by or licensed to Seller or any of Seller’s Subsidiaries its Affiliates and which that is not licensed to Purchaser Buyer or any Companythe Acquired Companies, Purchaser Buyer shall, and shall cause the Acquired Companies to, use commercially its reasonable best efforts to delete those such instances of the Software as soon as practicable.

Appears in 1 contract

Samples: Equity Purchase Agreement (Navigant Consulting Inc)

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Deletion of Software. In the event that after the Closing Purchaser Buyer becomes aware of any instance of any Software in its possession that is owned by for which Seller or any of Seller’s Subsidiaries Affiliates own the intellectual property rights and which that is not licensed to Purchaser or any CompanyBuyer, Purchaser Buyer shall use commercially reasonable efforts to delete those such instances of the Software as soon as practicable.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Hartford Financial Services Group Inc/De)

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