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.
Parent-owned Intellectual Property and the Parent Licensed Intellectual Property (collectively, the "Parent Intellectual Property"), constitutes all Intellectual Property used or currently proposed to be used in the business of Parent or any of its Subsidiaries as conducted prior to or on the Closing Date, and as proposed to be conducted by Parent and its Subsidiaries.
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.
Parent or one of its Subsidiaries has exclusive ownership of all Parent Owned Intellectual Property used by Parent or its Subsidiaries, or is entitled to use all Parent Licensed Intellectual Property, in Parent's business as presently conducted, subject, in the case of Parent Licensed Intellectual Property, to the terms of the license agreements covering such Parent Licensed Intellectual Property.