Common use of Standards Organizations Clause in Contracts

Standards Organizations. Neither the Company nor any Subsidiary is currently or has been a member or promoter of, or a contributor to, any industry standards body or similar organization that could require or obligate the Company or any Subsidiary to grant or offer to any other Person any license or right to any Company IPR.

Standards Organizations. Neither the Company nor any Subsidiary Company Entity is currently or has been a member or promoter of, or a contributor to, any industry standards body or similar organization that could require or obligate the Company or any Subsidiary Company Entity to grant or offer to any other Person any license or right to any Company IPRIP (or that could, following the Merger, require or obligate Acquiror or any of its Affiliates to grant or offer to any other Person any license or right to any Technology or IPR of Acquiror or such Affiliate).

Standards Organizations. Neither the Company nor any Company Subsidiary is currently or has been ever was a member or promoter of, or a contributor to, any industry standards body or similar organization that could require or obligate the Company or any such Company Subsidiary to grant or offer to any other Person any license or right to any Company IPRCompany-Owned Intellectual Property Rights.

Standards Organizations. Neither the Company nor any Subsidiary is currently or has been a member or promoter of, or a contributor to, any industry standards body or similar organization that could require -28- or obligate the Company or any Subsidiary to grant or offer to any other Person any license or right to any Company IPRIP (or that could, following the Effective Time, require or obligate Acquiror or any of its Affiliates to grant or offer to any other Person any license or right to any Technology or Intellectual Property Rights of Acquiror or such Affiliate).