Covenanting Party definition
Examples of Covenanting Party in a sentence
Selectica, on behalf of itself and each other Selectica Covenanting Party, hereby covenants not to xxx Versata or any Licensee Party of Versata on account of any Released Versata Items.
The provisions of this Section 3.5 shall inure to the benefit of each Owner and each owner of properties hereafter merged into the Zoning Lot and shall be enforceable by each of them directly against each Covenanting Party in the event of a breach thereof by such Covenanting Party.
Subject to the Parties’ compliance with the terms of this Agreement, each party on behalf of itself and its Subsidiaries (“Covenanting Party”) shall, under the terms set forth in Exhibit A, covenant not to xxx the other Party’s Customers (“Covenanted Customers”) for infringement of Covered Patents of the Covenanting Party on account of such Covenanted Customers’ use of Covered Products of the other Party.
Versata, on behalf of itself and each other Versata Covenanting Party, covenants not to xxx Selectica and each of the Licensee Parties of Selectica on account of any Released Selectica Items.
Covenanting Party reserves the right to update (including discontinue) the foregoing covenant pursuant to the terms of the Patent Cooperation Agreement between Novell and Microsoft that was publicly announced on November 2, 2006; however, the covenant as set forth above will continue as to specific copies of Covered Products distributed by the other Party for Revenue before such update.
Each Covenanting Party shall effect the foregoing covenant by (i) jointly announcing this Agreement at the press conference described in Section 19, and (ii) promptly posting the terms of such covenant as set forth in Exhibit A to its website.
The parties acknowledge that the Covenant Not to Solicit Employees is appropriate in view of the specialized training Owner provides to its employees and the fact that the Covenant Not to Solicit Employees is limited to solicitation of current employees to terminate their employment with Owner in order to work for the Covenanting Party.
This Agreement and the terms hereof shall be binding upon and inure to the benefit of Lender and its successors and assigns, including subsequent holders hereof, and Covenanting Party and its legal representatives, successors and assigns; provided, however that Covenanting Party may not assign or transfer its interests or rights hereunder (whether by operation of law or otherwise) without Lender’s prior written consent, which Lender may withhold in its sole and absolute discretion.
Covenanting Party acknowledges that information and documents relating to this Agreement and the credit accommodations referred to herein may be transmitted through electronic means.
So long as the Obligations shall remain outstanding, or so long as the Commitment shall remain in effect, Covenanting Party shall not, without the prior written consent of Lender: (a) directly or indirectly, create, incur, assume or permit or suffer to exist, any Lien on any of the Property, other than Liens permitted by the Loan Agreement; or (b) sell, convey or transfer, or permit the sale, conveyance or transfer, of any of the Property, except as may be permitted by the Loan Agreement.