Common use of Minority-Owned Affiliates Clause in Contracts

Minority-Owned Affiliates. (A) Opnext Japan shall be permitted to further sublicense the Hitachi Licensed IP to its and Opnext, Inc.’s Minority-Owned Affiliates, subject to approval by Hitachi, not to be unreasonably withheld, unreasonably delayed or unreasonably conditioned, and to commercially reasonable restrictions to be imposed by Hitachi that will be agreed to by the parties in writing.

Minority-Owned Affiliates. (A) Opnext OpNext Japan shall be permitted to further sublicense the Hitachi Licensed IP to its and Opnext, Inc.’s Minority-Owned Affiliates, subject to approval by Hitachi, not to be unreasonably withheld, unreasonably delayed or unreasonably conditioned, and to commercially reasonable restrictions to be imposed by Hitachi that will be agreed to by the parties in writing.