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.
MRV further grants, conveys and assigns (and agrees to cause its appropriate Subsidiaries to grant, convey and assign) to Optical Access all its (and their) right, title and interest in and to any and all causes of action and rights of recovery for past infringement of the Optical Access Business Marks.
Optical Access Business" means the business and operations of Optical Access as described in the IPO Registration Statement.
The Pro Forma Optical Access Group Combined Returns relating to Tax Returns described in clauses (ii) and (iii) of the definition of "Combined Return" shall be prepared by including only Tax Items and Tax Assets relating to or arising from the Optical Access Business.
MRV Facilities" means all of the real property and improvements thereon owned or occupied at any time on or before the Separation Date by any member of the MRV Group, whether for the MRV Business or the Optical Access Business, excluding the Optical Access Facilities.
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.
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 acknowledges that the Optical Access Business Products permitted by this Agreement to be marked with one or more of the Licensed Marks must continue to be of sufficiently high quality as to provide protection of the Licensed Marks and the goodwill they symbolize, and Optical Access further acknowledges that the maintenance of the high quality standards associated with such products is of the essence of this Agreement.
MRV agrees that it and its Subsidiaries will not license or transfer the Licensed Marks to Third Parties (other than to and among Subsidiaries or Joint Ventures (as defined below) of MRV) for use in connection with products or services which compete with Optical Access Business Products that are listed on a mutually agreed Optical Access corporate price list as of the Separation Date until two (2) years after the Separation Date.
Notwithstanding the foregoing, Optical Access may use any business cards, letterhead, stationery, paper stock and other supplies, and the like throughout their useful life in connection with the conduct of the Optical Access Business, to the extent that, as of the Separation Date, they are in use, in inventory or on order.