Optical Access Business definition
Examples of Optical Access Business in a sentence
Separation" means the transfer and contribution from MRV to Optical Access, and Optical Access's receipt and assumption of, directly or indirectly, substantially all of the Assets and Liabilities currently associated with the Optical Access Business and the stock, investments or similar interests currently held by MRV in subsidiaries and other entities that conduct such business.
Effective as of the Separation Date, Optical Access shall assume and be solely responsible for all Liabilities relating to, arising out of, or resulting from their claims by Optical Access Employees and Optical Access Transferred Employees employment with the Optical Access Business ("Optical Access Claims") whether incurred before or after the Separation Date.
Optical Access Business" means the business and operations of the business of Optical Access as described in the IPO Registration Statement and, except as otherwise expressly provided herein, any terminated, divested or discontinued businesses or operations that at the time of termination, divestiture or discontinuation primarily related to the Optical Access Business as then conducted.
At all times, MRV and Optical Access will conduct the Optical Access Business before the Separation Date in the ordinary course, consistent with past practices.
The parties agree that Optical Access hereby retains ownership of all right, title and interest in and to the Optical Access Business Marks.
Subject to the terms and conditions of this Agreement, including all applicable Quality Standards and Trademark Usage Guidelines and other restrictions in this Agreement, Optical Access (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 Optical Access Business Products Sold by such Authorized Dealers.
Optical Access Business" means the business and operations of Optical Access, as described in the IPO Registration Statement and except as otherwise expressly provided herein, any terminated, divested or discontinued businesses or operations that at the time of termination, divestiture or discontinuation primarily related to the Optical Access Business as then conducted.
If, at any time during or after the term of this Agreement, Optical Access discontinues the sale of a Optical Access Business Product that has been marked with one or more of the Licensed Marks, Optical Access 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 Optical Access and its Subsidiaries effective as of the Separation Date, substantially all of the assets of the Optical Access Business in accordance with the Master Separation Agreement dated as of September 29, 2000 between MRV and Optical Access (the "Separation Agreement").
At MRV's request, Optical Access agrees to furnish or make available for inspection to MRV samples of all Optical Access Business Products and Collateral Materials of Optical Access, its Subsidiaries and Authorized Dealers that are marked with one or more of the Licensed Marks (to the extent that Optical Access has the right to obtain such samples).