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 and its Authorized Dealers and Subsidiaries shall use the Licensed Marks only on and in connection with Luminent Business Products that meet or exceed in all respects the Quality Standards.
At MRV's request, Luminent agrees to furnish or make available to MRV for inspection sample Luminent Business Products marked with one or more of the Licensed Marks.
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.
Luminent Balance Sheet" means the audited consolidated balance sheet (including the notes thereto) of the Luminent Business as of June 30, 2000, that is included in the IPO Registration Statement.
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).
Such notice shall specify the effective date of such termination and shall clearly specify any affected Licensed Marks, Luminent Business Products or services.
MRV and its Subsidiaries have transferred or will transfer to Luminent and its Subsidiaries effective as of the Separation Date, substantially all of the assets of the Luminent Business in accordance with the Master Separation and Distribution Agreement dated as of _____________, 2000 between MRV and Luminent (the "Separation Agreement").
Luminent shall cause to appear on all Luminent Business Products, and all Collateral Materials, such legends, markings and notices as may be required by applicable law or reasonably requested by MRV.
MRV Business" means any business of MRV other than the Luminent Business.