Luminent Business definition
Examples of Luminent Business in a sentence
Separation" means the transfer and contribution from MRV to Luminent, and Luminent's receipt and assumption of, directly or indirectly, substantially all of the Assets and Liabilities currently associated with the Luminent Business and the stock, investments or similar interests currently held by MRV in subsidiaries and other entities that conduct such business.
Luminent Business" means the business and operations of Luminent, as described in the IPO Registration Statement and except as otherwise expressly provided herein, any terminated, divested or discontinued businesses or operations that at the time of termination, divestiture or discontinuation primarily related to the Luminent Business as then conducted.
Luminent Business" means the business and operations of the business of Luminent as described in the IPO Registration Statement and, except as otherwise expressly provided herein, any terminated, divested or discontinued businesses or operations that at the time of termination, divestiture or discontinuation primarily related to the Luminent Business as then conducted.
Employees of the Luminent Business (including, for this purpose, any employees of MRV who are designated as employees of the Luminent Business for purposes of the Separation) shall cease their participation in the MRV Bonus Plan in the quarter ending prior to the Distribution Date (or such other date as MRV and Luminent may mutually agree).
Notwithstanding the foregoing, Luminent may use any business cards, letterhead, stationery, paper stock and other supplies, and the like throughout their useful life in connection with the conduct of the Luminent Business, to the extent that, as of the Separation Date, they are in use, in inventory or on order.
Subject to the terms and conditions of this Agreement, including all applicable Quality Standards and Trademark Usage Guidelines and other restrictions in this Agreement, Luminent (and those Subsidiaries sublicensed to use the Licensed Marks pursuant to Section 4.1) may allow Authorized Dealers to, and may allow such Authorized Dealers to allow other Authorized Dealers to, use the Licensed Marks in the advertisement and promotion of Luminent Business Products Sold by such Authorized Dealers.
MRV hereby and by certain other instruments of even date herewith transfers or will transfer to Luminent effective as of the Separation Date, certain assets of the Luminent Business owned by MRV in accordance with the Master Separation and Distribution Agreement dated as of _______, 2000 between the MRV and Luminent (the "Separation Agreement").
At MRV's request, Luminent agrees to furnish or make available for inspection to MRV samples of all Luminent Business Products and Collateral Materials of Luminent, its Subsidiaries and Authorized Dealers that are marked with one or more of the Licensed Marks (to the extent that Luminent has the right to obtain such samples).
Effective as of the Separation Date, Luminent shall assume and be solely responsible for all Liabilities relating to, arising out of, or resulting from their claims by Luminent Employees and Luminent Transferred Employees employment with the Luminent Business ("Luminent Claims") whether incurred before or after the Separation Date.
Luminent acknowledges that the Luminent Business Products permitted by this Agreement to be marked with one or more of the Licensed Marks must continue to be of sufficiently high quality as to provide protection of the Licensed Marks and the goodwill they symbolize, and Luminent further acknowledges that the maintenance of the high quality standards associated with such products is of the essence of this Agreement.