Parent Licensed Intellectual Property definition

Parent Licensed Intellectual Property means all Intellectual Property that is used, practiced or held for use or practice by Parent or any of the Parent Subsidiaries, other than any Parent Intellectual Property.

Parent Licensed Intellectual Property means all material Intellectual Property licensed to Parent or any of its Subsidiaries.

Parent Licensed Intellectual Property means any Intellectual Property that is licensed to Parent on a non-exclusive basis and that is used in the conduct of the HostPro Business as currently conducted.

Examples of Parent Licensed Intellectual Property in a sentence

• Except as would not have, individually or in the aggregate, a Parent Material Adverse Effect, the Parent Intellectual Property and such Parent Licensed Intellectual Property collectively constitute all material Intellectual Property necessary and sufficient for the conduct of the respective business of Parent and the Parent Subsidiaries as currently conducted.

• Parent and its Subsidiaries have a valid license or other right to use all Intellectual Property not owned by Parent or its Subsidiaries (the "Parent Licensed Intellectual Property") of sufficient scope of use necessary to conduct the business of Parent or any of its Subsidiaries as conducted prior to or on the Closing Date, and as currently proposed to be conducted by Parent and its Subsidiaries.

• References herein to the "Licensed Intellectual Property" shall refer to the Parent Licensed Intellectual Property in the context where Parent is the licensor and Sub is the licensee, and to the Sub Intellectual Property in the context where Sub is the licensor and Parent is the licensee.

• Parent and its Subsidiaries, and to the knowledge of Parent, the other parties thereto are not in material breach of any of the license agreements covering the Parent Licensed Intellectual Property.

• No license for any Parent Licensed Intellectual Property will terminate by reason of the execution, delivery and performance of this Agreement or any Operative Agreement or the consummation of the transactions contemplated hereby and thereby.

More Definitions of Parent Licensed Intellectual Property

Parent Licensed Intellectual Property means any Intellectual Property that is licensed to the Parent or any of its subsidiaries, other than software which (i) is licensed pursuant to inbound “shrink-wrap” licenses and similar publicly available commercial binary code end-user licenses, and (ii) has not been misused, modified or otherwise used in violation of such licenses.

Parent Licensed Intellectual Property has the meaning set forth in Section 4.10(a).

Parent Licensed Intellectual Property means all Parent Intellectual Property other than Parent Owned Intellectual Property.

Parent Licensed Intellectual Property is defined in Section 6.11(a).

Parent Licensed Intellectual Property means Intellectual Property Assets (other than Marks) owned and licensable (without payment to third parties) by Parent to the Company as of the Closing Date that has not been transferred to Buyer pursuant to Section 5.13(a) and that, absent the license granted to the Company as provided herein would be directly infringed by the Company’s business operations or Products as of the Closing; provided, that Parent Licensed Intellectual Property does not including any Intellectual Property Asset that is infringed by any Third Party Product or other product or service of a third party supplied by a third party to the Company or resold or distributed by the Company.

Parent Licensed Intellectual Property means the Intellectual Property Rights that are to be licensed to Sweden Company under the Intellectual Property License Agreement; provided however, for representations and warranties provided in Section 3.14 and given as of the date of execution and delivery of this Stock Purchase Agreement, this definition shall be limited to those Intellectual Property Rights that are in existence at such time.

Parent Licensed Intellectual Property means collectively the Assigned IP, the Safenet Acquired Patents and the Safenet Licensed Information, each as defined in Sections 1.5, 1.15 and 1.16, respectively, of the License Agreement. Permitted Liens: Liens for Taxes not yet due and payable or which are being contested in good faith and by appropriate proceedings if adequate reserves with respect thereto are maintained on Sellers’ books in accordance with good Finnish accounting practice as consistently applied by the Sellers and as set forth in Schedule 3.1.5.