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.
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 Facilities" means all of the real property and improvements thereon owned or occupied at any time on or before the Separation Date by any member of the MRV Group, whether for the MRV Business or the Luminent Business, excluding the Luminent Facilities.
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Any termination of licenses and rights of Luminent under Section 10.2 shall not affect Luminent's licenses and rights with respect to any Luminent Business Products made or sold prior to such termination.
Luminent acknowledges and agrees that the foregoing assignment is subject to any and all licenses or other rights that may have been granted by MRV or its Subsidiaries with respect to the Luminent Business Marks prior to the Separation Date.
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).
MRV agrees that it and its Subsidiaries will not license or transfer the Licensed Marks to Third Parties (other than to and among Subsidiaries or Joint Ventures (as defined below) of MRV) for use in connection with products or services which compete with Luminent Business Products that are listed on a mutually agreed Luminent corporate price list as of the Distribution Date until two (2) years after the Separation Date.
If, at any time during or after the term of this Agreement, Luminent discontinues the sale of a Luminent Business Product that has been marked with one or more of the Licensed Marks, Luminent shall substantially comply with the discontinuation procedure used by MRV for such or similar products immediately prior to Separation Date.
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").