Examples of Purchaser Licensed Intellectual Property in a sentence
For the avoidance of doubt, and notwithstanding the foregoing or any other provision to the contrary, Hynix shall have the right to create any improvements, developments, enhancements, modifications, and/or derivative works to the Purchaser Licensed Intellectual Property.
Purchaser shall have no obligation to Seller with respect to the prosecution or injunction of any infringement, violation, misappropriation and/or interference by third parties with respect to the Purchaser Licensed Intellectual Property or any associated intellectual property rights.
Purchaser owns all right, title, and interest in and to the Purchaser Owned Intellectual Property, free and clear of any Lien (other than Permitted Liens) and has the valid and legally enforceable right to use the Purchaser Licensed Intellectual Property as necessary for or used or held for use in the operation of Purchaser’s business as currently conducted.
To the extent that any Intellectual Property Rights of the Sellers that are not included in the Assigned Intellectual Property are used in the Business as of the Closing Date, Purchaser shall have received the Intellectual Property License Agreement executed and delivered by each Seller holding an interest in the Purchaser Licensed Intellectual Property.
The attached Purchaser Intellectual Property Schedule sets forth the Intellectual Property owned by the Purchaser (the "Purchaser Intellectual Property") or for which a license has been granted to the Purchaser with respect to its use (other than licenses for "off the shelf" products) (the "Purchaser Licensed Intellectual Property"), that is material to the operation of the Purchaser's business.
Purchaser solely and exclusively owns all rights, title, and interests in and to the Purchaser Owned Intellectual Property free from any Encumbrances (except Permitted Encumbrances), and is licensed to use, pursuant to valid and legally enforceable written licenses, or otherwise has a valid right to use, all Purchaser Licensed Intellectual Property currently used by Purchaser or necessary to conduct the business of Purchaser as currently conducted.
The Purchaser Intellectual Property and the Purchaser Licensed Intellectual Property (other than licenses for "off the shelf" products) constitute all of the Intellectual Property necessary to operate the Purchaser's business in the manner conducted as of the date hereof.
All Purchaser Registered Intellectual Property is (i) valid, subsisting, and, to the Knowledge of Sellers, enforceable, and (ii) in full force and effect, and no Purchaser Owned Intellectual Property (or Purchaser Licensed Intellectual Property that is the subject of an exclusive license) is the subject of any challenge, opposition, cancellation or nullity proceeding, Inter Partes Review or reexamination, or interference or written threats to commence the same.