Online Assets definition
Examples of Online Assets in a sentence
SINA has made available to CRIC prior to the date hereof a true and complete copy of each permit, certificate, license, consent, franchise, waiver or authorization of any Governmental Authority (each, a “China Online Permit”) obtained or possessed by China Online in respect of the China Online Business or the China Online Assets, each of which is listed in Section 3.15 of the SINA Disclosure Schedule.
At all times since the Balance Sheet Date, China Online has caused the China Online Assets to be maintained in accordance with good business practice, and all the physical China Online Assets are in good operating condition and repair and are suitable for the purposes for which they are used and intended to be used.
There are no Actions by or against any China Online Company or by or against SINA or any Affiliate thereof relating to the China Online Business or China Online Assets or affecting SINA’s or its Affiliates’ ability to perform their respective obligations under this Agreement or any Ancillary Agreement, pending before any Governmental Authority (or, to the knowledge of SINA after due inquiry, threatened to be brought by or before any Governmental Authority).
The China Online Companies have good and marketable title to, or, in the case of leased China Online Assets, valid and subsisting leasehold interests in, all the China Online Assets, free and clear of all Encumbrances, except Permitted Encumbrances.
Each such China Online Permit is included in the China Online Assets.
None of SINA, SINA WFOE, Beijing SINA, any China Online Company or any of the China Online Assets is subject to any Governmental Order (nor, to the knowledge of SINA after due inquiry, are there any such Governmental Orders threatened to be imposed by any Governmental Authority) which has had a China Online Material Adverse Effect or could affect the legality, validity or enforceability of this Agreement, any Ancillary Agreement or the consummation of the transactions contemplated hereby or thereby.
Once AstraZeneca ceases hosting in accordance with this Section 3.17, Impax shall be solely responsible for hosting the Product Online Assets and, subject to the terms and conditions of this Agreement, for providing content therefor.
Impax shall pay to AstraZeneca [***] for each month that AstraZeneca agrees to host the Product Online Assets after such transition period; provided that AstraZeneca shall not be obligated to host the Product Online Assets after such transition period.
Notwithstanding the foregoing, except with respect to the rights of use provided to Impax, AstraZeneca shall continue to own all right, title and interest in and to Product Online Assets and content utilized by AstraZeneca during any period in which AstraZeneca has hosted the Product Online Assets, and shall retain the right to use Product Online Assets and such content.
The aggregate value of the KB Online Assets, together with the KB Funding Obligations, is deemed to be $80,000,000; the stipulated value of the KB Intangibles is $4,000,000.