Common use of PTC Covenants Clause in Contracts

PTC Covenants. (i) Neither PTC nor any of its Affiliates will (A) [***] (B) [***] or (C) [***] will not violate this restriction [***]. For clarity, this Section 5.6(a) will not prevent [***]. (ii) Excluding PTC Permitted Products, in the event that PTC or any of its Affiliates (A) commences designing, developing marketing, selling or distributing, or engages a third party to design, develop, market, sell or distribute a product that would reasonably be expected to compete with the RA Products, or (B) acquires a product that would reasonably be expected to directly compete with the RA Products based on product scope and functionality, PTC will promptly provide written and reasonably detailed notice of such (a “PTC Competition Notice”) to RA.

PTC Covenants. (i) Neither PTC nor any of its Affiliates will (A) [***] (B) [***] or (C) [***] will not violate this restriction [***]. For clarity, this Section 5.6(a5.8(a) will not prevent [***]. (ii) Excluding PTC Permitted Products, in the event that PTC or any of its Affiliates (A) commences designing, developing marketing, selling or distributing, or engages a third party to design, develop, market, sell or distribute a product that would reasonably be expected to compete with the RA Products, or (B) acquires a product that would reasonably be expected to directly compete with the RA Products based on product scope and functionality, PTC will promptly provide written and reasonably detailed notice of such (a “PTC Competition Notice”) to RA.

PTC Covenants. (i) Neither PTC nor any of its Affiliates will (A) [***] ], (B) [***] or (C) [***] will not violate this restriction [***]. For clarity, this Section 5.6(a5.8(a) will not prevent [***]. (ii) Excluding PTC Permitted Products, in the event that PTC or any of its Affiliates (A) commences designing, developing marketing, selling or distributing, or engages a third party to design, develop, market, sell or distribute a product that would reasonably be expected to compete with the RA Products, or (B) acquires a product that would reasonably be expected to directly compete with the RA Products based on product scope and functionality, PTC will promptly provide written and reasonably detailed notice of such (a “PTC Competition Notice”) to RA.