Orion in its sole discretion, may develop specific sales and marketing materials for use in the marketing and licensing of the Software, which materials may be reviewed by South Oaks. Orion shall retain all right, title and interest in all such marketing materials.
Orion. “Orion” shall have the meaning set forth in the Recitals of this Agreement.
Orion. Orion" means Orion Pictures Corporation, a Delaware corporation, and its subsidiaries engaged in the business of distributing motion pictures for exhibition in theaters and for broadcasting over television stations, but shall not include book or music publishers, phonograph record producers or distributors, distributors or retailers of video discs, cassettes or similar devices, merchandisers etc., whether or not any of the foregoing is a subsidiary of Orion.
Orion. Orion covenants that it will elect to qualify as a REIT under the Code and will be organized and operate so that it will qualify as a REIT under the Code for its taxable year ending December 31, 2021.
Orion. Concurrent with the receipt of payments pursuant to Sections 5.2(a), (b), (c) and (d), Orion shall deliver to DACOM an irrevocable stand by letter of credit, in the form of Exhibit C hereto, of Citibank, N.A., or another bank satisfactory to DACOM in DACOM's sole discretion, securing the obligations of Orion to refund in accordance with the terms of this Agreement, amounts received by Orion pursuant to Sections 5.2(a), (b), (c) and (d).
Orion. Notwithstanding anything to the contrary contained herein, including any provision of this Article VI, the Borrower shall not, nor shall it permit any of its Restricted Subsidiaries to (i) create, assume, incur or suffer to exist any Lien on or in respect of any of its Property for the benefit of Orion, (ii) sell, assign, pledge, or otherwise transfer any of its Properties to Orion, or (iii) make or permit to exist any loans, advances, or capital contributions to, or make any investment in, or purchase or commit to purchase any stock or other securities or evidences of indebtedness of or interests in, Orion or in any Properties of Orion (collectively, “Orion Investments”); provided that, the Borrower may, and may permit its Restricted Subsidiaries to, make or permit to exist such Orion Investments which are otherwise permitted under the terms hereof and which individually or in the aggregate do not exceed $10,000,000 a year.
Orion. This Agreement shall not be terminated by the voluntary or involuntary dissolution of Orion.
Orion. The Orion Software (unless provided as Rental Software or a SaaS Service) is licenced on a “right to use in perpetuity” basis and, as per the Fees and Charges section above, paying the Support Charges is a requirement of ongoing licence validation. If the Orion Software is not being actively used for processing (perhaps where a working copy is being kept running for several months after a business sale or similar for archiving lookup purposes), the support charge can be reduced to a “Washup” level. This is a nominal amount which provides full helpdesk support but does not necessarily include software version updates although these may be provided at XXX’s discretion. Some features and add-ons will also be disabled. Where the Orion Software is not being used at all no support payment is required but the system will be de- activated and any subsequent time and material costs incurred in providing access and/or data from the system will be charged at SAM’s normal rates for these services. Part B - Scope of Hosting Services -
Orion. Orion has been by far the most used enabler. 34 startups have used it. According to the feedback received, the technology has reached a very high level of maturity but some improvements are still needed. In particular, the implementation process and the documentation are still a struggle for those who want to use this technology.
