Examples of Equipment Assets in a sentence
IB shall, on behalf of itself and the IB Subsidiaries, transfer or cause to be transferred to SEB or a SEB Subsidiary, all of IB's and the IB Subsidiaries' right, title and interest in the Semiconductor Equipment Assets.
Varian shall, on behalf of itself and the HCS Subsidiaries, transfer or cause to be transferred to SEB or a SEB Subsidiary all of Varian's and the HCS Subsidiaries' right, title and interest in the Semiconductor Equipment Assets.
VENDOR shall promptly notify the Library Operations Committee in the event that any SANOFI R&D Equipment Assets cannot be repaired and are subsequently being removed from service.
VENDOR shall have full custodial responsibility for SANOFI’s Library of Compounds, Related Data, and SANOFI R&D Equipment Assets unless otherwise terminated under Section 5 of this Exhibit B.
For purposes of clarity, in the event that the Master Services Agreement remains effective for the entire five (5) year initial Term, or SANOFI invokes its right to a Term Extension pursuant to Section 4.A. of the Master Services Agreement, SANOFI shall transfer all right, title and interest in SANOFI R&D Equipment Assets from SANOFI to VENDOR at no cost to VENDOR.
VENDOR shall not impose or permit to be imposed upon SANOFI’s Library of Compounds or SANOFI R&D Equipment Assets any security interests, mortgages, liens, restrictions or encumbrances.
VENDOR’s responsibility for equipment maintenance and repair also includes responsibility for SANOFI R&D Equipment Assets.
VENDOR agrees to cooperate with SANOFI in executing any such documents that SANOFI might require to place all third parties on notice that SANOFI’s Library of Compounds, Related Data, and SANOFI R&D Equipment Assets are the property of SANOFI.
On the Distribution Date, SEB shall assume (or ---------------------- shall cause one of its Subsidiaries to assume) (i) the prosecution of all claims which are Semiconductor Equipment Assets and are pending on the Distribution Date and (ii) control of the defense against all Third Party Claims which are Semiconductor Equipment Liabilities and are pending on the Distribution Date, including, in each case, those set forth on Schedule 7.09(b).
To effectuate Section 4.B and 5.A., the Parties agree that as soon as practicable after the Effective Date (and in no event later than three (3) months after the Effective Date), the Library Operations Committee will jointly prepare in good faith a plan for the orderly transition of the compounds included in SANOFI’s Library of Compounds and Related Data, and SANOFI R&D Equipment Assets to SANOFI or its designee (the “Transition and Removal Plan”).