Material Intellectual Property definition

Material Intellectual Property means any intellectual property owned by any Loan Party that is, in the good faith determination of the Borrower, material to the operation of the business of the Borrower and its Restricted Subsidiaries, taken as a whole.

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Material Intellectual Property means Intellectual Property that is owned by or licensed to a Grantor and material to the conduct of any Grantor’s business.

Material Intellectual Property means any Intellectual Property that is material to the business of any Group Member.

Examples of Material Intellectual Property in a sentence

Notwithstanding the foregoing or anything else herein to the contrary, the Company will not, and will not permit any Subsidiary to, permit any transfer of Material Intellectual Property owned by a Loan Party to a Subsidiary that is not a Loan Party, other than non-exclusive licenses, non-exclusive sublicenses or non-exclusive cross-licenses, in any case, transferred in the ordinary course of business.
Notwithstanding anything to the contrary contained herein, no Subsidiary or Affiliate of any Obligor that is not an Obligor shall own any Material Intellectual Property or hold any exclusive rights to any Material Intellectual Property, but may license on a non-exclusive basis any such Material Intellectual Property.
Notwithstanding the foregoing or anything to the contrary in the Loan Documents, the Company will not, and will not permit any Subsidiary to, contribute (or otherwise transfer) any Material Intellectual Property owned by a Loan Party to a Subsidiary that is not a Loan Party, other than non-exclusive licenses, non-exclusive sublicenses or non-exclusive cross-licenses, in any case, transferred in the ordinary course of business.
Schedule 7.05(c) contains an accurate list of all Material Intellectual Property, with an indication as to whether the applicable Obligor or Subsidiary thereof owns or has an exclusive or non-exclusive license to such Material Intellectual Property.

More Definitions of Material Intellectual Property

Material Intellectual Property means any Intellectual Property included in the Collateral that is material to the business of any Grantor or is otherwise of material value.

Material Intellectual Property means, the Obligor Intellectual Property described in Schedule 7.05(c) and any other Obligor Intellectual Property after the date hereof the loss of which could reasonably be expected to have a Material Adverse Effect.

Material Intellectual Property means any IP Rights that are material to the business of the Borrower and its Restricted Subsidiaries, taken as a whole.

Material Intellectual Property shall have the meaning assigned to such term in Section 3.9(b).

Material Intellectual Property means any Intellectual Property (including Patents, industrial designs, Trademarks, Copyrights and licenses thereof) of the Loan Parties that is (a) material to the conduct of the business or operations of the Loan Parties, taken as a whole, or (b) is reasonably necessary or material to permit the Administrative Agent to enforce its rights and remedies under the Loan Documents with respect to the Collateral, or the Disposition of which would otherwise materially adversely affect the value of the Collateral.

Material Intellectual Property means intellectual property that is material to the business of Holdings and its Subsidiaries, taken as a whole, as determined by Holdings in good faith.

Material Intellectual Property means any intellectual property owned by the Borrower or any of its Subsidiaries, the loss of which would reasonably be expected, either individually or in the aggregate, to have a Material Adverse Effect.