Licences Out definition

Licences Out means the licences of Intellectual Property which have been granted by the Company to third parties;

Licences Out has the meaning given to it in paragraph (b) of the definition of Intellectual Property Agreements;

Licences Out means licences, agreements, authorisations and permissions pursuant to which any Group Company authorises or permits the use of any Intellectual Property Rights belonging to or otherwise held by the Group.

Examples of Licences Out in a sentence

• To Sellers’ Knowledge, there has been no uncured material breaches by any party of any of the terms of any of the Licences In or the Licences Out.

• The Group Companies have fully and duly made all royalty and other payments under any of the Licences In (except where failure to make such payments would not constitute a breach of contract) and have to all material extent received all of the licence fees, royalties and other payments due and payable under any of the Licences Out, if any.

• To Sellers’ Knowledge, none of the Licences In or Licences Out is terminable by reason of the transaction contemplated by this Agreement (other than due to a possible change of control provision in such Licenses In or Licenses Out).

• Save as Disclosed in the Disclosure Schedule, there are no Intellectual Property Licences Out and save as Disclosed in the Disclosure Schedule, the Company is not under any obligation (whether contingent or otherwise) to grant any.

• None of the parties to the Licences In and the Licences Out is in default or breach, all royalties and other payments have been paid when due and so far as the Sellers are aware there are no grounds on which they might be terminated.

More Definitions of Licences Out

Licences Out means an agreement by a Group Company to license or sub-license Intellectual Property Rights to a third party other than non-exclusive licences granted to customers of the Group in the ordinary course of business;

Licences Out means written agreements whereby the Group Companies have authorised or otherwise permitted any use whatsoever of any Group IP, or granted to any third party any right or interest in respect of any Group IP as specified in Schedule 4 Part 2;

Licences Out means the licences of Intellectual Property which have been granted by the Company to third parties including the Sellers;

Licences Out means any material licence of Intellectual Property Rights which has been granted by a Target Company to a third party; LONGSTOP DATE means 31 March 2005 or such later date as the Parties may agree;

Licences Out means those licences granted by Group Companies to third parties disclosed as Data Room documents 3.2.8.1.2.1.1, 3.2.8.1.2.1.2, 3.2.8.1.2.1.5, 3.2.8.1.2.1.6, 3.2.8.1.2.1.7, 3.2.8.1.2.1.8, 3.2.8.1.2.1.10, 3.2.8.1.2.1.17, 3.2.8.1.2.1.18, 3.2.8.1.2.3.1, 3.2.8.1.2.3.2 and 3.2.

Licences Out have the meanings given in paragraph 20.1 of Schedule 7;

Licences Out means IP Agreements whereby the Company has authorised or otherwise permitted (expressly or by implication) any use whatsoever of any Intellectual Property, or granted to any third party any right or interest in respect of any Intellectual Property;