Common use of License to Perform Clearinghouse Functions Clause in Contracts

License to Perform Clearinghouse Functions. Subject to the terms ------------------------------------------ and conditions of this Agreement, InterTrust grants to SSG during the term of this Agreement a limited, nonexclusive (except as expressly provided in Section 10.1), nontransferable (except as expressly provided in Section 5.2), worldwide right and license under the Licensed Rights to perform Clearinghouse Functions solely under the SSG Trademarks, and solely in cases in which SSG performs and controls such Clearinghouse Functions in Compliance with InterTrust Specifications. Such Clearinghouse Functions may be performed solely: (i) to service Rights User Nodes, each such node having been provided by (1) an SSG Product and/or Cooperative Application, and solely in connection with such SSG Product and/or Cooperative Application, or (2) such Compliant products for which InterTrust has expressly granted a license to have Authorized Clearinghouse Providers service Rights User Nodes thereof, and/or (ii) pursuant to a sublicense from an Authorized Clearinghouse Provider having an express, written license from InterTrust allowing such Authorized Clearinghouse Provider to enter into such sublicense.

Appears in 3 contracts

Samples: License Agreement (Intertrust Technologies Corp), Technology Development and License Agreement (Intertrust Technologies Corp), License Agreement (Intertrust Technologies Corp)

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License to Perform Clearinghouse Functions. Subject to the terms ------------------------------------------ and conditions of this Agreement, InterTrust grants to SSG MBC during the term of this Agreement a limited, nonexclusive (except as expressly provided in Section 10.1)nonexclusive, nontransferable (except as expressly provided in Section 5.25.3), worldwide right and license under the Licensed Rights to perform Clearinghouse Functions solely under the SSG MBC Trademarks, and solely in cases in which SSG MBC performs and controls such Clearinghouse Functions in Compliance with InterTrust Specifications. Such Clearinghouse Functions may be performed solely: (i) to service Rights User Nodes, each such node having been provided by (1) an SSG MBC Product and/or Cooperative Application, and solely in connection with such SSG MBC Product and/or Cooperative Application, or (2) a Person having a valid written license from InterTrust allowing such Compliant products for which InterTrust has expressly granted a license Person to have permit Authorized Clearinghouse Providers Clearinghouses to service Rights User Nodes thereof, provided by it; and/or (ii) pursuant to a sublicense from an Authorized Clearinghouse Provider having an express, written license from InterTrust allowing such Authorized Clearinghouse Provider to enter into such sublicense.

Appears in 3 contracts

Samples: Preferred Stock Purchase Agreement (Intertrust Technologies Corp), Development and License Agreement (Intertrust Technologies Corp), Preferred Stock Purchase Agreement (Intertrust Technologies Corp)

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