Common use of Use of Object/Binary Licensed Program with Designated Equipment Clause in Contracts

Use of Object/Binary Licensed Program with Designated Equipment. Pathnet hereby grants Incumbent a non-exclusive, non-transferable (except as provided in Section 5.1), non-licensable, non-assignable license to Use in machine readable form, the Licensed Program specified in Section 1.1 solely on the Equipment specified in Section 1.2. No license is granted to Use any Licensed Program on any configuration of equipment which is different from or less than the configuration indicated in Section 1.2.

Appears in 2 contracts

Samples: Escrow Agreement (Pathnet Inc), Escrow Agreement (Pathnet Inc)

AutoNDA by SimpleDocs

Use of Object/Binary Licensed Program with Designated Equipment. Pathnet hereby grants Incumbent LLC a non-exclusive, non-transferable (except as provided in Section 5.1), non-licensable, non-assignable license to Use in machine readable form, the Licensed Program specified in Section 1.1 solely on the Equipment specified in Section 1.2. No license is granted to Use any Licensed Program on any configuration of equipment which is different from or less than the configuration indicated in Section 1.2.

Appears in 1 contract

Samples: Pledge Agreement (Pathnet Inc)

AutoNDA by SimpleDocs

Use of Object/Binary Licensed Program with Designated Equipment. Pathnet PathNet hereby grants Incumbent a non-exclusive, non-transferable (except as provided in Section 5.1), non-licensable, non-assignable license to Use in machine readable form, the Licensed Program specified in Section 1.1 solely on the Equipment specified in Section 1.2. No license is granted to Use any Licensed Program on any configuration of equipment which is different from or less than the configuration indicated in Section 1.2.

Appears in 1 contract

Samples: Security Agreement (Pathnet Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.