IP Closing definition

IP Closing means (i) the purchase and sale of the Seller Names and other Intellectual Property, and (ii) the delivery of the Base Purchase Price.
Sample 1
IP Closing has the meaning set forth in Section 3.2(b)(ii).
Sample 1Sample 2
IP Closing means the closing of the sale and purchase of the Trademarks, IP Shares and the Unregistered IP hereunder.
Sample 1

Examples of IP Closing in a sentence

  • Subject to the terms and conditions of this Agreement, at the closing of the license of the Intangible Assets (the "IP Closing"), Hyundai will grant to DVS a perpetual, worldwide, royalty-free license to use the Intangible Assets other than the Three Patents as defined hereinbelow, and DVS will license the Intangible Assets other than the Three Patents from Hyundai for 2,000,000 shares of common stock of DVS (the "Common Stock").

  • This obligation shall cease to apply to DVS upon the occurrence of later to occur of the IP Closing and the Asset Closing, provided however that confidential information concerning Hyundai's other businesses shall be kept confidential.

  • The IP Closing shall take place at the offices of the Vendor’s Counsel in Toronto, Ontario at the IP Closing Time.

  • Hyundai shall use its best efforts to ----------------------- facilitate the introduction of DVS to Matshushita prior to the earlier to occur of the IP Closing and the Asset Closing, and to ensure the continuity of Hyundai's current relationship with Matshushita with respect to the DVD-ROM Business following its acquisition by DVS.

  • The closing of the Intellectual Property purchase transaction contemplated by this Agreement (the "I.P. Closing") shall take place on the earlier of five (5) days subsequent to the approval by Seller's shareholders of the Plan or five (5) days subsequent to a resolution by the Board of Directors of Seller to close the Intellectual Property sale transaction contemplated herein without such approval (the "I.P. Closing Date").

  • Hyundai understands that the Common Stock issued to ---------- Hyundai pursuant to this Agreement has not been registered and will not be registered for approximately 180 days following the later to occur of the IP Closing and the Asset Closing.

  • At each of of the IP Closing and the Asset Closing, DVS shall have received an opinion of the general counsel to Hyundai, in form and substance reasonably satisfactory to DVS and its counsel and covering matters to be agreed upon by DVS and its counsel and Hyundai as soon as practicable after the signing of this Agreement.

  • The date of the consummation of the Transfer of the Sensor IP to Purchaser by Seller or Sensor IPCo, as applicable, as contemplated by this Section 2.7 is referred to herein as the “Sensor IP Closing Date.” On the Sensor IP Closing Date, the Parties shall enter into Patent Assignments and other appropriate Ancillary Agreements in order to provide for the Transfer of the Sensor IP to Purchaser or one or more it its Affiliates.

  • Hyundai shall grant to DVS the right to --------------- exclusively use, for a rental fee of 2,000,000 Korean Won per month, the Facility for a period of six months from the later to occur of the IP Closing Date and the Asset Closing Date for final assembly and testing of DVD-ROM drives.

  • Hyundai shall provide DVS, no later than three business days prior to the earlier to occur of the IP Closing Date and the Asset Closing Date, a balance sheet as of April 30, 1998.

Related to IP Closing

  • Merger Closing means the “Closing” as defined in the Merger Agreement.

  • Second Closing has the meaning set forth in Section 2.2.

  • Third Closing shall have the meaning ascribed to such term in Section 2.1(c).

  • First Closing has the meaning set forth in Section 2.1(a).

  • IPO Closing means the initial closing of the sale of the Class A Common Stock in the IPO.

  • Merger Closing Date the Closing Date (as defined in the Merger Agreement).

  • Initial Closing shall have the meaning ascribed to such term in Section 2.1.

  • Subsequent Closing shall have the meaning ascribed to such term in Section 2.4.

  • Additional Closing has the meaning set forth in Section 2.3.

  • Offer Closing Date has the meaning set forth in Section 1.01(f).

  • Option Closing means the closing of the purchase and sale of the Option Shares pursuant to Section 2.2.

  • Acquisition Closing Date means the date on which the Acquisition is consummated.

  • Closing has the meaning set forth in Section 2.2.

  • Second Closing Date means the date of the Second Closing.

  • Third Closing Date has the meaning set forth in Section 2.2(c).

  • Target Closing Date means three (3) Business Days following receipt of the Approval and Vesting Order, or such other date as the Parties may agree.

  • Outside Closing Date means the date which is 365 days after the earlier of the Firm Closing Date; or Second Tentative Closing Date; or such other date as may be mutually agreed upon in accordance with section 4. “Property” or “home” means the home including lands being acquired by the Purchaser from the Vendor. “Purchaser’s Termination Period” means the 30-day period during which the Purchaser may terminate the Purchase Agreement for delay, in accordance with paragraph 10(b).

  • Option Closing Date shall have the meaning ascribed to such term in Section 2.2(c).

  • First Closing Date shall refer to the time and date of delivery of certificates for the Firm Shares and such Optional Shares). Any such time and date of delivery, if subsequent to the First Closing Date, is called an “Option Closing Date,” shall be determined by the Representatives and shall not be earlier than three or later than five full business days after delivery of such notice of exercise. If any Optional Shares are to be purchased, each Underwriter agrees, severally and not jointly, to purchase the number of Optional Shares (subject to such adjustments to eliminate fractional shares as the Representatives may determine) that bears the same proportion to the total number of Optional Shares to be purchased as the number of Firm Shares set forth on Schedule A opposite the name of such Underwriter bears to the total number of Firm Shares. The Representatives may cancel the option at any time prior to its expiration by giving written notice of such cancellation to the Company.

  • Put Closing shall have the meaning set forth in Section 2.3.8.

  • IPO Closing Date means the closing date of the IPO.

  • Seller’s Closing Documents as defined in Section 3.2(a).

  • Initial Closing Date shall have the meaning assigned to such term in Section 1.2 hereof.

  • Applicable Closing Date Has the meaning specified in Section 5.01(b) of this Trust Supplement.

  • Time of Closing means 10:00 a.m. (Vancouver time) on the Closing Date, or such other time as the parties may mutually determine;

  • Final Closing means the last closing under the Private Placement;