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).
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.
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.
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.
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.
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.
Notwithstanding Section 3.1 above, Licensee shall not, during the Exclusive Period, without the express prior written consent of Licensor, directly or indirectly, license, sublicense, sell, assign or otherwise transfer the Licensed Software, or any Licensee Enhancements to (a) any individual or business entity which is not in the Primary Market or (b) any business entity or individual that is a Direct Competitor of Licensor.