Permitted Locations definition

Permitted Locations means, collectively, the following locations where Collateral may be located from time to time: (a) locations identified in the Perfection Certificate, (b) locations with respect to which Borrowers have complied with the requirements of Section 6.12, and (c) the Excluded Locations.

Permitted Locations means, collectively, the following locations where Collateral may be located from time to time: (a) locations identified in the Perfection Certificate, (b) locations with respect to which Borrowers have complied with the requirements of Section 6.11, and (c) the Excluded Locations.

Permitted Locations has the meaning set forth in Section 6(b)(xiii) of this Agreement.

Examples of Permitted Locations in a sentence

• All tangible Collateral, other than Collateral in-transit, will at all times be kept by the Credit Parties at one or more Permitted Locations.

• The command “Finnish Trip” can be activated by the Lessee only in the Permitted Locations, which are having free, no charge and unhindered public access, otherwise the Lessee owes payment of the rent price in accordance to the acting Price List of the Lessor up to the date of parking of the vehicle in the Permitted Location termination of the session, possibly owed penalties, and also compensation of possible costs and suffered losses.

• The Parties agree that LICENSEE is not limited to production of the End Products defined herein, but that LICENSEE may develop, create and test new products that are derived from or otherwise incorporate the Technology and such new products are only to be distributed and/or sold to Permitted Locations (the “New Products”), subject to availability of licenses in the future from Lexaria CanPharm.

• Each Loan Party will not, and will not permit any of its Subsidiaries to, store its Inventory at any time with a bailee, warehouseman, or similar party except at Permitted Locations.

• The Parties agree that LICENSEE is not limited to production of the End Products defined herein, but that LICENSEE may develop, create and test new products that are derived from or otherwise incorporate the Technology and such new products are only to be distributed and/or sold to Permitted Locations (the “New Products”), subject to availability of licenses in the future from Lexaria.

More Definitions of Permitted Locations

Permitted Locations shall have the meaning set forth in Section 6 hereof.

Permitted Locations means, collectively, the chief executive office of any Reseller together with (a) such locations identified in Exhibit A, attached hereto, and (b) such additional locations in the United States as are identified by Resellers to CPC by at least 30 days prior written notice of its intent to keep Collateral at such additional location.

Permitted Locations means, collectively, the following locations where Collateral may be located from time to time: (a) locations identified in the Perfection Certificate, (b) locations previously disclosed in a written notice to Lender pursuant to Section 6.12, and (c) the Excluded Locations.

Permitted Locations means the following locations: (i) facilities located outside of the United States at which Borrower or its Subsidiaries maintain Celution Systems (as defined below) in ordinary course of business, (ii) locations where Celution Systems may be temporarily located by Borrower or a Subsidiary for use in clinical trials by an unaffiliated third party in ordinary course of business, (iii) locations where Celution Systems may be temporarily located by Borrower or Subsidiary with physicians and other health care providers for demonstration, testing and product development purposes or for general commercial use (including on a lease or placement basis) in ordinary course of business, (iv) locations where Celution Systems may be temporarily located by a Loan Party for maintenance or repair in ordinary course of business (provided, that with respect to the locations described in the immediately preceding clauses (i) through and including (iv), the book value of all Collateral at such locations shall at no time be greater than $200,000 per location or $750,000 in the aggregate and such locations may not include the headquarters of Borrower), (v) the bonded warehouse known as XXXXXXXX Medizintechnik located in Germany (the “Bonded Warehouse”), provided, that the book value of all the Collateral located at the Bonded Warehouse shall at no time be greater than $500,000, and (vi) locations where portable goods (such as laptops, phones and other similar equipment) may be located with employees or consultants of in the ordinary course of business and locations where Collateral may be temporarily located for sales, testing or demonstration purposes in the ordinary course of business. As used herein, “Celution Systems” means the family of products (600, 700, 800, 900/MB & next generation Celution device), which processes patients’ cells at the bedside in real time separating a therapeutic dose of stem and regenerative cells from a patient’s own fat tissue, including a central processing device, a related single-use consumable used for each patient specific procedure, and supportive procedural components.

Permitted Locations are defined in Section 6.11.

Permitted Locations are locations for Collateral outside of Borrower’s possession in the ordinary course of its business and (i) not covered by a bailee agreement reasonably acceptable to Bank, with an aggregate value not to exceed Five Hundred Thousand Dollars ($500,000), including without limitation, at co-location facilities, locations where mobile goods, including computers, phones and the like, may be located with employees and consultants of Borrower, and locations where Collateral may be temporarily located for sales, testing or demonstration purposes, or (ii) covered by a bailee agreement reasonably acceptable to Bank. Borrower is the sole owner of the Intellectual Property which it owns or purports to own except for (a) as permitted under Sections 7.1(d) and 7.1(e), (b) over-the-counter software and software that is commercially available to the public, (c) material Intellectual Property licensed to Borrower and noted on the Perfection Certificate or as otherwise disclosed to Bank in writing from time to time, and (d) immaterial Intellectual Property licensed to Borrower. To Borrower’s knowledge, each Patent (other than patent applications) which it owns or purports to own and which is material to Borrower’s business is valid and enforceable, and no part of the Intellectual Property which Borrower owns or purports to own and which is material to Borrower’s business has been judged invalid or unenforceable, in whole or in part. To the best of Borrower’s knowledge, no claim has been made that any part of the Intellectual Property violates the rights of any third party except to the extent such claim would not reasonably be expected to have a material adverse effect on Borrower’s business. The Perfection Certificate lists all Restricted Licenses to which Borrower is a party to, or is it bound by as of the Restatement Date.

Permitted Locations is defined in Section 5.2.