LYT Affiliates. Companies directly or indirectly owned or controlled by LYT’s ultimate parent company may exercise LYT’s rights and fulfill LYT’s obligations under this License Agreement. LYT remains responsible for its obligations hereunder.
LYT Affiliates Sample Clauses
Related to LYT Affiliates
WHEREAS the Company desires the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing to so act, in connection with the issuance, registration, transfer, exchange, redemption and exercise of the Warrants; and
Termination This Agreement may be terminated at any time prior to the Closing:
NOW, THEREFORE the parties hereto agree as follows:
Term The term of this Agreement will be ten (10) years from the Effective Date (as such term may be extended pursuant to Section 4.2, the “Term”).
Assignment This Agreement and all rights and obligations hereunder may not be assigned without the written consent of the other party.
Insurance The Company and the Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which the Company and the Subsidiaries are engaged, including, but not limited to, directors and officers insurance coverage. Neither the Company nor any Subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business without a significant increase in cost.
General The Trustee shall keep proper books of record and account of all the transactions of each Trust under this Indenture at its corporate trust office, including a record of the name and address of, and the Units issued by each Trust and held by, every Unit holder, and such books and records of each Trust shall be open to inspection by any Unit holder of such Trust at all reasonable times during the usual business hours. The Trustee shall make such annual or other reports as may from time to time be required under any applicable state or federal statute or rule or regulations thereunder.
IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the day and year first above written.
Definitions As used in this Agreement, the following terms shall have the following meanings:
Indemnification In the event any Registrable Securities are included in a Registration Statement under this Agreement:
