IP Holdco definition

IP Holdco means NP IP Holdings LLC, a Nevada limited liability company.

IP Holdco means, individually or collectively as the context may require, Texas Roadhouse Delaware, LLC, a Delaware limited liability company, an indirect Subsidiary of the Borrower that owns trademarks, copyrights and patents, and TXRH International IP, LLC, a Texas limited liability company.

IP Holdco means a special purpose vehicle to be established as a subsidiary of the Borrower or the Parent and to which the Intellectual Property shall have been transferred in accordance with this Note.

Examples of IP Holdco in a sentence

• Manager hereby acknowledges that it has no right, title or interest in or to the Subsidiary-Owned IP and any confidential or non-public Subsidiary-Owned IP shall be treated in all respects as proprietary information of IP Holdco consistent with Manager’s obligations in respect of the Owned IP and Licensed IP generally.

• The Borrower and IP Holdco have not received any notice of any slogan or other advertising device, product, process, method, substance, part or other material now employed, or now contemplated to be employed, by the Borrower or any Subsidiary that infringes upon any rights held by any other Person.

• No event has occurred which permits, or after notice or lapse of time or both would permit, the revocation or termination of any such rights, and neither IP Holdco, the Borrower nor any Subsidiary thereof is liable to any Person for infringement under applicable Law with respect to any such rights as a result of its business operations.

• Licensee shall not contest, dispute, or challenge Licensor’s or such IP Owner’s right, title, and interest in and to the Licensor Intellectual Property or seek any applications, registrations or reservations thereof; provided that Licensee’s obligations in this sentence with respect to any Third-Party Licensed IP shall not extend beyond the duties of Licensor or IP Holdco as the licensee of such Third-Party Licensed IP.

• The Parties hereby agree that IP Holdco shall be an express third-party beneficiary under this Agreement, and the rights of Licensor hereunder shall accordingly inure to the benefit of IP Holdco.

More Definitions of IP Holdco

IP Holdco means a Delaware limited liability company, jointly owned by Discovery and FoundryCo, to which Discovery shall have transferred a portion of its Patent portfolio prior to Closing.

IP Holdco has the meaning given to it in the Shareholders Direct Agreement; "IP JVCo" has the meaning given to it in the Shareholders Direct Agreement; "IP Make Safe Activities" has the meaning given to it in the Liaison Agreement; "IP Make Safe Activities Completion Date" means the earlier of:

IP Holdco means the holding company which owns 100% of the issued share capital of IP OpCo;

IP Holdco means Azul IP Cayman Holdco Ltd.

IP Holdco shall have the meaning assigned to such term in the preamble hereto.

IP Holdco. ESH Hospitality Strategies Holdings LLC, a Delaware limited liability company, together with its successors and permitted assigns.

IP Holdco means an entity that (a) acquires the Assets and Properties on Exhibit C-1 and assumes the Assumed Liabilities on Exhibit C-2, (b) is structured such that it cannot enter into bankruptcy voluntarily without the consent of both of the Collateral Agents (or their respective designees) and otherwise has governance provisions reasonably acceptable to the Required Consenting Lenders and Purchaser, (c) is to be created no later than 10 days prior to the Confirmation Hearing, (d) shall be a trust or other entity, the beneficial interest of such entity being owned by New Propco or a Subsidiary thereof (except for up to 10% to be owned by a designee of the Opco Agent and up to 10% to be owned by a designee of the Mortgage Lenders, with such minority interests being subject to a purchase right of New Propco or a Subsidiary thereof at a nominal price upon (i) repayment of the Indebtedness under the Opco Loan Credit Agreement or the New Propco Credit Agreement, as the case may be, or (ii) the conclusion of a transition period following a foreclosure or other enforcement action under the Opco Loan Credit Agreement or related collateral documents or any other transaction, in each case the result of which is that New Opco is no longer a Subsidiary of New Propco), (e) shall be a pass-through entity for income tax purposes allocating losses first to New Propco or a Subsidiary thereof to the extent of its capital account, and shall have other characteristics reasonably acceptable to Purchaser and the Required Consenting Lenders and to be set forth in the Confirmation Order as reasonably determined by the Required Consenting Lenders and Purchaser.