Competitor of Licensor definition

Competitor of Licensor means a Person, directly or through Affiliates, engaged primarily in the business of selling equipment that converts waste or organic feedstock(s) containing hydrocarbon materials into diesel fuel or any Person that is involved primarily in the development of such equipment or the technology on which it is based.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Competitor of Licensor means any person or entity engaged in Competitive Business, For Licensee to ensure that it is correct in its belief that a person or entity is not a Competitor of Licensor, Licensee may, but shall not be obligated to, provide a written request for determination to Licensor, such request to contain at a minimum the corporate identity and address of such person or entity. Licensor’s response shall be provided to Licensee within ten (10) days of receipt of such request, and its determination shall not to be unreasonably withheld or conditioned. If Licensor does not respond within such period, such person or entity shall be deemed determined by Licensor not to be a Competitor of Licensor. An entity shall not automatically be considered a Competitor of Licensor if the business of such entity includes Competitive Business, provided however that the activities for which Licensee wishes to engage such entity will not involve personnel of such entity who are engaged in the Competitive Business and provided further that Licensor’s intellectual property is protected.

Competitor of Licensor means a company in the business of making and selling compact disc-like structures in which fluids are moved by centrifugal force.

Examples of Competitor of Licensor in a sentence

• In the event that Licensee sells the Hotel, Casino and all or a substantial part of the City of Dreams complex to a Person who is not a Competitor of Licensor but does not at the time of the transaction satisfy the $100 Million U.S. Dollar net worth test set forth above, Licensor shall have the right by written notice to terminate this Agreement and upon such a termination Licensee shall pay to Licensor a fee equal to fifty percent (50%) of the Termination Fee computed as provided in Section 15(B).

• In the event that Licensee sells the Hotel, Casino and all or a substantial part of the “City of Dreams” complex to a Person that is a Competitor of Licensor, Licensor shall have the right by written notice to Licensee to terminate this Agreement and upon such termination Licensee shall pay to Licensor a fee equal to the Termination Fee computed as provided in Section 15(B).

• The Licensee expressly acknowledges and agrees that the Licensee shall have no right to sublicense, assign, or otherwise transfer any or all of the license granted to it under the Patents, except as set forth in Section 9.1, provided that Licensee can sublicense Patents to a third party other than a Competitor of Licensor (as defined in Section 7.4) in conjunction with a license from Licensee to make and sell any of Licensee’s Products.

• Furthermore, nothing which is contained herein shall restrict the sale of any Project by Covanta at any time to any Person other than a Competitor of Licensor.

• Notwithstanding the foregoing, Licensor may withhold its consent in the case of a proposed assignment to any Person that is a Competitor of Licensor.

• Any Secondary Supplier shall not be a Direct Competitor of Licensor.

• Notwithstanding the foregoing, Licensee may freely assign this Agreement and any license granted in connection therewith to an Affiliate or in connection with a sale, merger, acquisition or reorganization, provided, however, that none of AgEagle, Licensee, or Affiliates thereof Affiliates with a Competitor of Licensor, as described in Section 12.2(c) above.

• Licensor may terminate this Agreement at any time with immediate effect by giving notice in writing to the Licensee if Licensee is acquired by a Competitor of Licensor, whereas for the purposes of this clause acquiring shall mean that (i) the Competitor holds more than 33% of the voting rights or of the shares (or similar rights) in Licensee or (ii) the Competitor and Licensee merge, or (iii) the Competitor acquires ownership in all or a substantial part of Licensee's business.

• Provided, however, the foregoing shall not apply to any assignment to a subsidiary, affiliate, parent or by way of merger or operation of law unless such assignment is to a Competitor of Licensor or to a party which, through such assignment, becomes a Competitor of Licensor.

• ASSIGNABILITY: Licensee may not assign its rights hereunder to a Top 8 Motion Picture Company or a Major Competitor of Licensor.

More Definitions of Competitor of Licensor

Competitor of Licensor means a business which generates either (i) $10 Million or more of revenue or (ii) an amount equal to more than 25% of its revenue, from the sale of services or products that are substantially the same as the services or products then being offered by Licensor or any of its Affiliates. No such assignment shall relieve Licensee of its obligations hereunder. Any assignment in violation of this Section 10.5 shall be null, void and without effect. Licensor may assign this Agreement, and any of its rights under this Agreement, and may delegate any of its duties under this Agreement to any third party to which it transfers the Marks provided that prior to such assignment Licensor delivers to Licensee the written agreement of such assignee agreeing to be bound by the terms of this Agreement. This Agreement shall be binding upon and inure solely to the benefit of the parties hereto and their successors and permitted assigns. Nothing in this Agreement, expressed or implied, is intended or shall be construed to confer upon any Person other than the parties and successors and assigns permitted by this Section 10.5 any right, remedy or claim under or by reason of this Agreement.

Competitor of Licensor means a company in the business of making and selling compact disc-like structures in which fluids are moved by centrifugal force. [***] Information has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.