Abandoned Assets definition

Abandoned Assets means those specific provisional patent applications, patent applications, patents and other governmental grants or issuances listed on Exhibit C (as such list may be updated based on Purchaser’s review pursuant to paragraph 3.1).

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Abandoned Assets means any assets designated as such on a notice of abandonment filed by the Debtor with the Bankruptcy Court (with the prior written consent of the Plan Sponsor) on or before the Effective Date. Any asset designated as an Abandoned Asset may be de-designated as an Abandoned Asset by the Debtor (with the prior written consent of the Plan Sponsor) by filing a notice of de-designation with the Bankruptcy Court on or before the Effective Date.

Abandoned Assets means (i) the Debtor’s equity interests in each of the following subsidiaries: Anacore LLC, Kaybus, Inc., Kaybus India Private Limited, Prysm Europe Ltd and Prysm Europe BVBA; and (ii) any assets designated as such on a notice of abandonment filed by the Debtor with the Bankruptcy Court (with the prior written consent of the Plan Sponsor and the Investor) on or before the Effective Date. Any asset designated as an Abandoned Asset may be de-designated as an Abandoned Asset by the Debtor (with the prior written consent of the Plan Sponsor and the Investor) by filing a notice of de-designation with the Bankruptcy Court on or before the Effective Date.

Examples of Abandoned Assets in a sentence

Seller has not put a third party on notice of actual or potential infringement of any of the Patents or the Abandoned Assets.
Seller has not invited any third party to enter into a license under any of the Patents or the Abandoned Assets.
Seller has not initiated any enforcement action with respect to any of the Patents or the Abandoned Assets.
According to each applicable patent office, each of the Abandoned Assets has expired, lapsed, or been abandoned or deemed withdrawn.
None of the Patents or the Abandoned Assets has been or is currently involved in any reexamination, reissue, interference proceeding, or any similar proceeding, and no such proceedings are pending or threatened.
Upon the Closing, Seller hereby sells, assigns, transfers, and conveys to Purchaser all of Seller’s right, title, and interest in and to the Abandoned Assets.
None of the Patents or the Abandoned Assets (other than Abandoned Assets for which abandonment resulted solely from unpaid fees and/or annuities) has ever been found invalid, unpatentable, or unenforceable for any reason in any administrative, arbitration, judicial or other proceeding, and Seller does not know of and has not received any notice or information of any kind from any source suggesting that the Patents may be invalid, unpatentable, or unenforceable.
The closing of the sale of the Assigned Patent Rights and the assignment of the Abandoned Assets hereunder will occur when all conditions set forth in paragraph 3.3 have been satisfied or waived and the payment set forth in paragraph 3.4 is made (the “Closing”).
Purchaser will not be subject to any covenant not to ▇▇▇ or similar restrictions on its enforcement or enjoyment of the Assigned Patent Rights or the Abandoned Assets as a result of any prior transaction related to the Assigned Patent Rights or the Abandoned Assets.
Upon the Closing, Seller hereby sells, assigns, transfers, and conveys to Purchaser all of Seller's right, title, and interest in and to the Abandoned Assets.

More Definitions of Abandoned Assets

Abandoned Assets means the equity securities and interests in any non-Debtor subsidiary entity which any Debtor owns, including, but not limited to, Abandoned Entities which are not transferred to the Purchaser, and shall not be transferred to the Liquidating Trust.

Abandoned Assets means those specific provisional patent applications, patent applications, patents and other governmental grants or issuances listed on EXHIBIT C.

Abandoned Assets means those specific provisional patent applications, patent applications, patents and other governmental grants or issuances listed on Schedule C (as such list may be updated based on Licensee’s review pursuant to subsection 3.1).

Abandoned Assets means all of the Debtors’ rights, interest and title to any assets not sold or otherwise transferred or conveyed to a third party prior to the Effective Date, including, but not limited to, pursuant to the terms of the Purchase Agreement, and that are designated on a notice of abandonment filed by the Debtors as part of the Plan Supplement.

Abandoned Assets means the Assets to be abandoned by the Debtors which shall be listed on Schedule 5.2.2, and for which abandonment is approved by Final Order.

Abandoned Assets means those specific provisional patent applications, patent applications, patents and other governmental grants or issuances listed on Schedule 4.9(j)), all (a) Live Assets (“Live Assets” means the provisional patent applications, patent applications, and patents listed on Schedule 4.9(a)); (b) patents or patent applications (i) to which any of the Live Assets directly or indirectly claims priority, (ii) for which any of the Live Assets directly or indirectly forms a basis for priority, and/or (iii) that were co-owned applications that directly or indirectly incorporate by reference the Live Assets; (c) reissues, reexaminations, extensions, continuations, continuations in part, continuing prosecution applications, requests for continuing examinations, divisions, and registrations of any item in any of the foregoing categories (a) and (b); (d) foreign patents, patent applications and counterparts relating to any item in any of the foregoing categories (a) through (c), including, without limitation, certificates of invention, utility models, industrial design protection, design patent protection, and other governmental grants or issuances; and (e) any items in any of the foregoing categories (b) through (d) whether or not expressly listed as Live Assets and whether or not claims in any of the foregoing have been rejected, withdrawn, cancelled, or the like.