Pursuit of Licenses Sample Clauses

Pursuit of Licenses. It shall be a condition precedent to Sellers' and -------------------- Buyer's obligation to close that Buyer shall have received all licenses and governmental approvals necessary to operate the Facilities. Buyer shall use its commercially reasonable efforts to obtain all such licenses and permits as of the earliest possible date but in any event, not later than immediately prior to closing. To this end, Buyer shall submit complete license applications by not later than one (1) Business Day after receiving letter(s) from Sellers authorizing such license applications. Buyer shall provide Sellers with a copy of the license applications and all correspondence with governmental authorities regarding the license applications. Sellers shall cooperate, at no cost to Sellers, with Buyer's efforts to obtain the required licenses and permits. (f) "All or Nothing" Transaction. The purchase of the Sellers' interests in ---------------------------- the Facility Leases and the Facilities by Buyer is intended by both parties to be an "all or nothing" transaction. Subject to Sections 3(b) (Facility Leases Assumption), 12(c) (Failure of Conditions Precedent), 13 (Risk of Loss) and 17 (Condemnation), Buyer shall either acquire Sellers' interest in all of the Facility Leases and Facilities or none of them even if Buyer only desires to acquire Sellers' interest in certain of the Facility Leases and Facilities after completing its due diligence or if the conditions precedent to closing are satisfied with respect to certain Facilities but not others. (g)
Sample 1
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Pursuit of Licenses. It shall be a condition precedent to Seller's and -------------------- Buyer's obligation to close that Buyer shall have received all licenses and governmental approvals necessary to operate the Facility. Buyer shall use its commercially reasonable efforts to obtain all such licenses and permits as of the earliest possible date but in any event, not later than immediately prior to closing. To this end, Buyer shall submit complete license applications by not later than one (1) Business Day after receiving a letter from Seller authorizing such license application. Buyer shall provide Seller with a copy of the license application and all correspondence with governmental authorities regarding the license application. Seller shall cooperate, at no cost to Seller, with Buyer's efforts to obtain the required licenses and permits. (f)
Sample 1

Related to Pursuit of Licenses

  • Grant of Licenses Subject to the terms and conditions of this Agreement, Licensor hereby grants to Yahoo, under Licensor's Intellectual Property Rights:

  • Grant of License Subject to the terms and conditions of this Agreement, BCBSA hereby grants to the Controlled Affiliate the exclusive right to use the licensed Marks and Names in connection with and only in connection with those life insurance and related services authorized by applicable state law, other than health care plans and related services (as defined in the Plan's License Agreements with BCBSA) which services are not separately licensed to Controlled Affiliate by BCBSA, in the Service Area served by the Plan, except that BCBSA reserves the right to use the Licensed Marks and Name in said Service Area, and except to the extent that said Service Area may overlap the area or areas served by one or more other licensed Blue Shield Plans as of the date of this License as to which overlapping areas the rights hereby granted are non-exclusive as to such other Plan or Plans and their respective Licensed Controlled Affiliates only. Controlled Affiliate cannot use the Licensed Marks or Name outside the Service Area or, anything in any other license to Controlled Affiliate notwithstanding, in its legal or trade name.

  • Maintenance of Licenses The Owner Trustee will obtain and maintain any licenses that the Administrator informs the Owner Trustee are required to be obtained or maintained by the Owner Trustee under the laws of any State in connection with the Owner Trustee’s duties and obligations under the Transaction Documents.

  • Grant of License to Use Intellectual Property For the purpose of enabling the Collateral Agent to exercise rights and remedies under this Article at such time as the Collateral Agent shall be lawfully entitled to exercise such rights and remedies, each Grantor hereby grants to the Collateral Agent an irrevocable, non-exclusive license (exercisable without payment of royalty or other compensation to the Grantors) to use, license or sub-license any of the Collateral consisting of Intellectual Property now owned or hereafter acquired by such Grantor, and wherever the same may be located, and including in such license reasonable access to all media in which any of the licensed items may be recorded or stored and to all computer software and programs used for the compilation or printout thereof. The use of such license by the Collateral Agent shall be exercised, at the option of the Collateral Agent, upon the occurrence and during the continuation of an Event of Default; provided that any license, sub-license or other transaction entered into by the Collateral Agent in accordance herewith shall be binding upon the Grantors notwithstanding any subsequent cure of an Event of Default.

  • Termination of Licenses In the event of a termination of this Agreement by COMPANY pursuant to Article 9.2. 9.3 or 9.4 or by SELEXIS pursuant to Article 9.2 or 9.3, all and any rights and licenses granted under this Agreement shall terminate upon termination of this Agreement, except for the licenses which have become perpetual pursuant to Article 3.1.3.

  • GRANT OF LICENCE 2.1 Subject to the provisions of this Agreement and the surviving provisions of the CTOA, CRT hereby grants to the Company:

  • Enforcement of Licensed Patents Each party shall promptly notify the other in writing of any alleged or threatened infringement of any Patent included in the Licensed Patents of which such party becomes aware.

  • Possession of Franchises, Licenses, Etc Each of Borrower and its Subsidiaries possesses all franchises, certificates, licenses, permits and other authorizations from governmental political subdivisions or regulatory authorities, free from burdensome restrictions, that are necessary in any material respect for the ownership, maintenance and operation of its properties and assets, and neither Borrower nor any of its Subsidiaries is in violation of any thereof in any material respect.

  • Survival of Sublicenses Upon termination of this Agreement for any reason, any sublicense granted by Unity hereunder to a Third Party Sublicensee shall survive, provided that such Third Party Sublicensee continues to pay to Ascentage the milestones and royalties that would have been due to Ascentage under this Agreement based on such Third Party Sublicensee’s activities had this Agreement not terminated. For clarity, in the event that a Third Party Sublicensee fails to pay to Ascentage the applicable milestones and royalties due to Ascentage based on such Third Party Sublicensee’s activities, Ascentage shall be entitled to terminate such surviving sublicense by providing such Third Party Sublicensee written notice of termination, which notice shall take effect [***] ([***]) days after it is received by such Third Party Sublicensee unless such Third Party Sublicensee has cured any such breach or default prior to the expiration of the [***] ([***]) day period.

  • Grant of License to Use Intellectual Property Collateral For the purpose of enabling Agent to exercise rights and remedies under Section 7 hereof (including, without limiting the terms of Section 7 hereof, in order to take possession of, hold, preserve, process, assemble, prepare for sale, market for sale, sell or otherwise dispose of Collateral) at such time as Agent shall be lawfully entitled to exercise such rights and remedies, each Grantor hereby grants to Agent, for the benefit of Agent and Lenders, an irrevocable, nonexclusive license (exercisable without payment of royalty or other compensation to such Grantor) to use, license or sublicense any Intellectual Property now owned or hereafter acquired by such Grantor, and wherever the same may be located, and including in such license access to all media in which any of the licensed items may be recorded or stored and to all computer software and programs used for the compilation or printout thereof.

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