Live Assets definition

Live Assets means the provisional patent applications, patent applications, and patents listed on Exhibits A and/or B (as such lists may be updated based on Purchaser’s review pursuant to paragraph 3.1).

Live Assets means the provisional patent applications, patent applications, and patents listed on Exhibits A, B-1 and B-2 (as such lists may be updated by written agreement of the parties based on Purchaser’s review pursuant to paragraph 3.1).

Live Assets means the provisional patent applications, patent applications, and patents listed on Schedule A (as such lists may be updated based on License’s review pursuant to subsection 3.1).

Examples of Live Assets in a sentence

• To the extent any of the Live Assets are removed for any reason, the payment in paragraph 3.4 may be reduced by mutual agreement of the parties.

• The lists of Live Assets on Schedules A and B and the list of Abandoned Assets on Schedule C may be revised by Licensee following the Closing to conform these lists to the definition of Patents set forth in this Agreement (and these revisions may therefore require the inclusion of additional provisional patent applications, patent applications, and patents on Schedules A and B or Schedule C).

• Purchaser is satisfied that, as of the Closing, Seller has (i) abandoned in each applicable patent office any patents and patent applications that were co-owned applications by Seller and that incorporate by reference any of the Live Assets, or (ii) solely with respect to foreign patent applications that were co-owned applications by Seller and that incorporate by reference any of the Live Assets, amended such patent applications to remove any incorporation by reference of any of the Live Assets.

• Purchaser is satisfied that, as of the Effective Date and as of the Closing, none of the assets that are included in the Live Assets have expired, lapsed, been abandoned, or deemed withdrawn.

• To the extent any of the Live Assets are removed for any reason, the payment in paragraph 3.4 may be reduced by the mutual written agreement of the parties.

• Seller has produced true and correct copies of the records of the respective patent office or governmental agency in each relevant jurisdiction showing applicant and owner identifications, assignments or changes of applicant identification, grants and releases of security interests, and related documentation establishing the complete and correct chain of title for each of the Live Assets ending with Seller in accordance with governing law and regulations in the relevant jurisdictions.

• Seller acknowledges that Purchaser may request additional documents based on Purchaser’s review of the Initial Deliverables (such additional documents and the Initial Deliverables are, collectively, the “Deliverables”), and that as a result of Purchaser’s review, the Live Assets listed on Exhibits A and B and the Abandoned Assets listed on Exhibit C, may be revised by Purchaser both before and after the Closing to conform to the Patents (and may include additional patents and patent applications).

More Definitions of Live Assets

Live Assets means US Patent 6,121,960 and South Korea Patent KR10-0627378, and any of the provisional patent applications and US or foreign patent applications listed on Exhibits A and/or B (as such lists may be updated based on Purchaser’s review pursuant to paragraph 3.1).

Live Assets means any pipe or other infrastructure which, at the relevant time:

Live Assets means the provisional patent applications, patent applications, and patents listed on Schedule 4.9(a)); (b) patents or patent applications (i) to which any of the Live Assets directly or indirectly claims priority, (ii) for which any of the Live Assets directly or indirectly forms a basis for priority, and/or (iii) that were co-owned applications that directly or indirectly incorporate by reference the Live Assets; (c) reissues, reexaminations, extensions, continuations, continuations in part, continuing prosecution applications, requests for continuing examinations, divisions, and registrations of any item in any of the foregoing categories (a) and (b); (d) foreign patents, patent applications and counterparts relating to any item in any of the foregoing categories (a) through (c), including, without limitation, certificates of invention, utility models, industrial design protection, design patent protection, and other governmental grants or issuances; and (e) any items in any of the foregoing categories (b) through (d) whether or not expressly listed as Live Assets and whether or not claims in any of the foregoing have been rejected, withdrawn, cancelled, or the like.