IP Subsidiary definition

IP Subsidiary means any Subsidiary that at any time owns (a) any confidential proprietary database, any rights thereto or any Intellectual Property required for the operation or exploitation of any confidential proprietary database or (b) any other Intellectual Property or rights to Intellectual Property that are material to the business or operations of the Borrower and the Subsidiaries, taken as a whole.

IP Subsidiary means any such Person.

IP Subsidiary means any direct or indirect wholly-owned Non-Domestic Subsidiary formed in accordance with Section 6.12 hereof for the purpose of owning certain Intellectual Property.

Examples of IP Subsidiary in a sentence

• For each of these countries, Taxpayer provided copies of Trademark and Technology License and Technical Services Agreements evidencing that the IP Subsidiary both licensed intangible property and provided personnel for technical assistance with manufacturing and application of the intangible property.

• Royalty income from the IP Subsidiary was also included in the denominator of Taxpayer's apportionment factor.

• In this district, courts have found that numerosity is satisfied when a proposed class has at least forty members.

• Targeting Proposals for Short-term Effectiveness To address the current economic slowdown, stimulus proposals must take effect quickly.Policies that fail to take effect quickly will not provide stimulus in time to help speed the recovery.

• Agent License Agreement: An agreement executed by each IP Subsidiary and the applicable lender providing the IP Financing granting a license to Agent to use the Intellectual Property of such IP Subsidiary used by any Obligor in connection with the exercise of remedies by Agent under Section 12.2. Agent Professionals: attorneys, accountants, appraisers, auditors, business valuation experts, environmental engineers or consultants, turnaround consultants, and other professionals and experts retained by Agent.

More Definitions of IP Subsidiary

IP Subsidiary means any Domestic Subsidiary (other than any Excluded Subsidiary) that at any time owns any Intellectual Property or rights to Intellectual Property that are material to the business or operations of Holdings and the Subsidiaries, taken as a whole.

IP Subsidiary means any Subsidiary that at any time owns any Intellectual Property or rights to Intellectual Property that are material to the business or operations of the Borrower and the Subsidiaries, taken as a whole.

IP Subsidiary means any Loan Party incorporated in the United States, Italy, Switzerland or the United Kingdom that owns registered Intellectual Property.

IP Subsidiary means a wholly owned Domestic Subsidiary that (a) is a Guarantor Subsidiary and the Capital Stock of which has been pledged to secure the Obligations and (b) is neither a Shy Obligor nor a Shy Restricted Subsidiary.

IP Subsidiary means a wholly-owned Non-U.S. Subsidiary of the Borrower formed on or after the Effective Date and each other Non-U.S. Subsidiary of the Borrower to which any material portion of the Intellectual Property transferred to the IP Subsidiary by the Loan Parties is transferred.

IP Subsidiary shall have the meaning given to it in the introductory paragraph.

IP Subsidiary is defined in the first recital.