Off-the-Shelf Software License definition
Off-the-Shelf Software License means any license or other Contract for generally commercially available, off-the-shelf Software that in each case has incurred license fees of less than $10,000 per year.
Off-the-Shelf Software License means any license in respect of generally commercially available, “off-the-shelf” software from third parties on general commercial terms used by the Company that (i) is not material to the Business, (ii) is not redistributed by or in connection with the Business or incorporated in or necessary for the development of any Company Product, (iii) continues to be widely available on such commercial terms as of the Closing Date, (iv) involves license, maintenance, support, or other fee, royalty or other consideration of less than $25,000 per year in the aggregate and (v) is not open source software.
Off-the-Shelf Software License shall have the meaning given in Section 4.9(a)(xx).
Examples of Off-the-Shelf Software License in a sentence
The Business Intellectual Property is not subject to any Lien and is not subject to any obligations, restrictions or limitations regarding use or disclosure other than pursuant to a written license set forth in the attached Contracts Schedule or an Off-the-Shelf Software License.
Seller owns and possesses all right, title and interest in, to and under, or has the valid and enforceable license to use (pursuant to an agreement set forth in the attached Contracts Schedule or an Off-the-Shelf Software License) all other Business Intellectual Property.
More Definitions of Off-the-Shelf Software License
Off-the-Shelf Software License means any license in respect of generally commercially available, “off-the-shelf” software from third parties on general commercial terms used by the Company that (i) is not material to the Business, (ii) is not redistributed by or in connection with the Business or incorporated in or necessary for the development of any Company Product, (iii) continues to be widely available on such commercial terms as of the Closing Date, (iv) involves license, maintenance, support, or other fee, royalty or other consideration of less than $25,000 per year in the aggregate and