Education Market definition

Education Market means customers (including, but not limited to, educational testing companies, private and governmental departments of education and colleges, universities and similar institutions) which conduct testing, surveys or otherwise collect and/or archive information in or for educational systems or institutions.

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Education Market. License shall mean the license agreement attached hereto as Exhibit D pursuant to which Seller has agreed to license to Buyer, and Buyer has agreed to license from Seller, the Licensed Programs. Equipment shall mean all of the office equipment, computers, audio and video equipment, duplication equipment, furniture, trade show equipment and displays, fixtures and leasehold improvements, bins, racks, displays, demonstration discs, audio and video tapes, and other personal property owned or leased by Seller and used in the Business on the Closing Date including, without limitation, the items set forth in Schedule 5.6. Excluded Property shall mean the Licensed Programs and Intellectual Property, which are being licensed to Buyer under the Education Market License, and the capitalized development costs, net operating losses, and other tax benefits which are not being sold to Buyer.

Education Market means the following markets for standalone products (program resides and runs on one workstation only) and networked products (program runs on more than one workstation concurrently, with multiple workstations connected to a common server): (i) preschool education institutions, facilities, and programs, both public and private; (ii) K-12 education institutions, facilities, and programs, both public and private; (iii) juvenile and adult basic education institutions, facilities, and programs, both public and private, including correctional facilities and corporate sites; (iv) post-secondary educational institutions, facilities, and programs, including vocational schools and community colleges; (v) individuals (or parents of minor students) who are enrolled in the foregoing educational institutions, facilities, or programs, provided the sales are made through such institutions, facilities, or programs (as opposed to retail sales); and (vi) organizations directly affiliated with the above education institutions, such as PTAs.

Examples of Education Market in a sentence

• Inadvertent or incidental sales of the Licensed Programs, Third Party Courseware or Licensee Derivative Works to end users of the Home Market will not be considered a material breach of the foregoing covenant and agreement so long as the sales occur through Education Market distribution channels.

• We are members in good standing with the Education Market Association (formerly NSSEA) and others.

• Inadvertent or incidental sales of the Licensed Programs, Third Party Courseware or Licensor Derivative Works to end users of the Education Market will not be considered a material breach of the foregoing covenant and agreement so long as the sales occur through an Internet or retail distribution channel and result from general marketing activities or catalogs that are not substantially directed or targeted at educators or educational institutions in the Education Market.

• In arriving at the Cash Consideration set forth in Section 4.2 above and the royalty payments set forth in the Education Market License (collectively, the "Purchase Price"), the parties have attempted to make a reasonable and good faith allocation of value between the assets and business being sold or transferred to Buyer under this Agreement (the "Sold Business") and the assets and business being retained by Seller (the "Retained Business").

• No Suspension or Debarment issues * 16 Describe any relevant industry awards or recognition that your company has received in the past five years Eduporium is EdTech Digest Cool Tech Awards 2020 & 2019 & 2018 * 17 What percentage of your sales are to the governmental sector in the past three years 95% in 2020 * 18 What percentage of your sales are to the education sector in the past three years 100%, We focus exclusively on the Education Market.

• Seller hereby agrees to sell to Newco, and Newco agrees to purchase the Education Market Assets of Seller relating to or arising out of Seller's business (the "Business") of developing, marketing and licensing proprietary and third party educational software and related products and services in the Education Market.

• To Seller's Knowledge, Seller owns or has the right to license the Licensed Programs and Third Party Courseware in accordance with the Education Market License.

• During the Exclusivity Period, Seller covenants that it shall not market, sell, distribute, or sublicense Licensed Programs, Third Party Courseware, or Licensor Derivative Works (as defined in the Education Market License), directly or through third parties, to the Education Market (nor will Licensor license development engines or tools to third parties to use in developing products for the Education market).

• The Education Market Assets shall specifically exclude ownership rights in Seller's intellectual property, products, and related copyrights, capitalized development costs, net operating losses, and other tax benefits which shall remain with Seller.

• At the Closing, the Management Group shall deliver to Seller copies of all files and records of Seller in hard copy or magnetic format relating to the Education Market and/or the Licensed Products and Third Party Software (including, without limitation, those assets listed above in Sections 2 (c, d, f, i, j, and l) which might assist Seller in continuing its business in an orderly and efficient manner.

More Definitions of Education Market

Education Market means the secondary-education and higher-education market.

Education Market means all post-secondary educational institutions including but not limited to private for profit trade and degree-granting institutions, two-year, four-year and community colleges and universities, public and private elementary and secondary schools, their respective students, faculty, administrations and libraries, and public and government libraries.