OCCC License definition

OCCC License means that certain Motor Vehicle Sales Finance License (License No. 12391-51449) issued by the OCCC to AGM, LLC, under Chapter 348 of the Texas Finance Code
Sample 1

Examples of OCCC License in a sentence

  • Subject to the terms and conditions of this Agreement, Seller shall transfer and assign to Buyer, and Buyer shall acquire from Seller, the OCCC License, provided that such transfer and assignment shall occur only following the (i) the Closing of the purchase and sale of the Transferred Assets pursuant hereto and (ii) the receipt by Seller of evidence satisfactory to Seller of the approval of the OCCC to the transfer of the OCCC License to Buyer pursuant to the terms hereof.

  • Buyer shall use its best efforts to cause the OCCC to (i) issue a Motor Vehicle Sales Finance License under Chapter 348 of the Texas Finance Code and/or (ii) consent to the transfer of the OCCC License from Seller to Buyer.

  • The obligation of Seller to transfer the OCCC License to Buyer pursuant hereto shall terminate on June 24, 2008 in the event such transfer has not been approved by the OCCC on or before such date.

  • Buyer covenants and agrees with Seller that Buyer shall, within five (5) Business Days after the date hereof, submit a properly completed application to the OCCC for (i) the issuance of a Motor Vehicle Sales Finance License under Chapter 348 of the Texas Finance Code and (ii) the transfer of the OCCC License from Seller to Buyer, and shall provide Seller with a copy of such application as well as copies of any correspondence with the OCCC with respect to such application promptly after receipt thereof.

  • The Seller shall have no liability or responsibility to Buyer to cause the transfer of the OCCC License in the event such transfer is not approved by the OCCC.

  • Houston Auto covenants and agrees with Administrative Agent, Additional Collateral Agent and the Lenders that Houston Auto shall, within five (5) Business Days after the date hereof, submit a properly completed application to the OCCC for (i) the issuance of a Motor Vehicle Sales Finance License under Chapter 348 of the Texas Finance Code, (ii) the transfer of the OCCC License from AGM, LLC to Houston Auto pursuant to the Texas Asset Purchase Agreement and (iii) approval of the Agreement to Operate.

  • The purchase price for the Transferred Assets (and, subject to the prior approval of the OCCC, the transfer of the OCCC License) shall be Sixteen Million and No/100 Dollars ($16,000,000) (the “Purchase Price”), such purchase price to be paid in cash by Buyer to Seller on the Closing Date.

  • The failure of Houston Auto to receive a new Motor Vehicle Sales Finance License, approval of the transfer of the OCCC License from AGM, a dealership license or approval of the Agreement to Operate shall not affect the obligations of the Borrowers under this Agreement, provided, so long as Houston Auto uses its best efforts to obtain such required licenses and approvals, the failure to obtain same shall not in and of itself constitute an Event of Default hereunder.

  • Seller has agreed to sell to the Buyer, and Buyer has agreed to purchase from Seller, the Transferred Assets and the OCCC License pursuant to the terms of this Agreement.

Related to OCCC License

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  • Specific license means a license, under requirements prescribed by the department by rule, to possess, use, manufac- ture, produce, transfer or acquire radioactive material or devices or equipment utilizing radioactive material.

  • Site License means for each product, the term “Site License” shall mean the license established upon acquisition of the applicable number of copies of such product and payment of the applicable license fees as set forth in the Statement of Work.

  • Generation Licence means an electricity generation licence granted or treated as granted pursuant to section 6(1)(a) of the EA 1989 that authorises a person to generate electricity;

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  • Copyleft License means any license that requires, as a condition of use, modification and/or distribution of software subject to such license, that such software subject to such license, or other software incorporated into, derived from, or used or distributed with such software subject to such license (i) in the case of software, be made available or distributed in a form other than binary (e.g., source code form), (ii) be licensed for the purpose of preparing derivative works, (iii) be licensed under terms that allow the Company’s or any Subsidiary of the Company’s products or portions thereof or interfaces therefor to be reverse engineered, reverse assembled or disassembled (other than by operation of Law) or (iv) be redistributable at no license fee. Copyleft Licenses include the GNU General Public License, the GNU Lesser General Public License, the Mozilla Public License, the Common Development and Distribution License, the Eclipse Public License and all Creative Commons “sharealike” licenses.

  • Automatic licensure means granting the occupational licensure without an individual having met occupational licensure requirements provided under the Arkansas Code or by other provisions in these Rules.

  • Driver license means a license that is issued by a state to

  • Exclusive License has the meaning set forth in Section 3.1.

  • Permitted License means any non-exclusive license of patent rights of Borrower or its Subsidiaries so long as all such Permitted Licenses are granted to third parties in the Ordinary Course of Business, do not result in a legal transfer of title to the licensed property, and have been granted in exchange for fair consideration.

  • FCC Licenses means broadcasting and other licenses, authorizations, waivers and permits which are issued from time to time by the FCC.

  • Software License means a license for the Software granted under this XXXX to the Licensee;

  • IP License means all Contractual Obligations (and all related IP Ancillary Rights), whether written or oral, granting any right, title and interest in or relating to any Intellectual Property.

  • Research License means a nontransferable, nonexclusive license to make and to use the Licensed Products or the Licensed Processes as defined by the Licensed Patent Rights for purposes of research and not for purposes of commercial manufacture or distribution or in lieu of purchase.

  • Active license means a license that is current and has not expired.

  • Open Source License means any license meeting the Open Source Definition (as promulgated by the Open Source Initiative) or the Free Software Definition (as promulgated by the Free Software Foundation), or any substantially similar license, including any license approved by the Open Source Initiative or any Creative Commons License. “Open Source Licenses” shall include Copyleft Licenses.

  • exploration licence means an exploration licence under Part 2 of the Mineral Resources Development Act 1990; S. 3(1) def. of "fish" inserted by No. 40/2002 s. 3(a).

  • License means any Copyright License, Patent License, Trademark License or other license of rights or interests.

  • Retail license means one of the following licenses issued under this title:

  • Sub-Licensee means all person/ agency with whom Licensee has executed sub license agreement as per terms and conditions of license agreement executed between DMRC and the Licensee, for commercial utilization of the Bare Spaces.

  • exclusive licence means a licence from the proprietor of or applicant for a patent conferring on the licensee, or on him and persons authorised by him, to the exclusion of all other persons (including the proprietor or applicant), any right in respect of the invention to which the patent or application relates, and “exclusive licensee” and “non-exclusive licence” shall be construed accordingly;

  • Limited license means a license that:

  • Subscription License means a particular type of license to a Software Product that allow s a Customer to use the Software Product for a specified period of time identified in the Quote. For reference, a Software Product that is a Subscription License shall have the word “Subscription” in the Software Product name and/or have the letters “SU” at the end of the product number for the Software Product.

  • Perpetual License means a license which is everlasting and valid if the software is being used in accordance with the license-agreement requirements.

  • Inactive license means a license that has expired because it was not renewed by the end of the grace period. The category of “inactive license” may include licenses formerly known as lapsed, inactive, delinquent, closed, or retired.

  • Commercial License means any license issued to an individual or entity that is not a patient, caregiver, or transporter agent.