Required Licensor definition

Required Licensor means, with respect to inventory of the Borrower or a Restricted Subsidiary that is sold under a licensed trademark, each licensor that has licensed such trademark to the Borrower and/or the Restricted Subsidiaries to the extent that the gross revenues received or to be received by the Borrower and/or the Restricted Subsidiaries with respect to the sale of inventory subject to such licensed trademark equals or is in excess of Five Million Dollars ($5,000,000) for any twelve month period (taking into account sales as well as unfilled orders). The Required Licensors as of the Restatement Date are Xxxxxxxx Xxxxx, Inc. (as to the “Xxxxxxxx Xxxxx” licensed trademark) and Levi Xxxxxxx & Co. (as to the “Dockers” and “Dockers Premium” licensed trademarks).
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Required Licensor means, with respect to Inventory of a Borrower that is sold under a licensed trademark, each licensor that has licensed such trademark to such Borrower to the extent that the gross revenues received (or expected to be received) by Borrowers with respect to the sale of Inventory subject to such licensed trademark (and any related licensed trademarks) equals or exceeds $5,000,000 for any twelve month period (taking into account sales as well as unfilled orders). As of the Closing Date, “Required Licensors” are Xxxxxxxx Xxxxx, Inc. (as to the “Xxxxxxxx Xxxxx” licensed trademark), Levi Xxxxxxx & Co. (as to the “Dockers” and “Dockers Premium” licensed trademarks), Xxxxxxxxx Xxxxxx, Inc. (as to the “Xxxxxxxxx Xxxxxx” licensed trademark, and JA Apparel Corp. (as to the “XXX Xxxxxx Xxxxxx” licensed trademark).
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Required Licensor means, with respect to inventory of the Borrower or a Restricted Subsidiary that is sold under a licensed trademark, each licensor that has licensed such trademark to the Borrower and/or the Restricted Subsidiaries to the extent that the gross revenues received or to be received by the Borrower and/or the Restricted Subsidiaries with respect to the sale of inventory subject to such licensed trademark equals or is in excess of $5,000,000 for any twelve month period (taking into account sales as well as unfilled orders). The Required Licensors as of the Effective Date are Xxxxxxxx Xxxxx, Inc. (as to the "Xxxxxxxx Xxxxx" licensed trademark) and Levi Xxxxxxx & Co. (as to the "Dockers" and "Dockers Premium" licensed trademarks).
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Examples of Required Licensor in a sentence

  • At any time a licensor that has licensed a trademark to the Borrower and/or a Restricted Subsidiary becomes a Required Licensor, written notice thereof as soon as possible and in any event within five (5) days after such licensor becomes a Required Licensor.


More Definitions of Required Licensor

Required Licensor means, with respect to inventory of the Borrower or a Restricted Subsidiary that is sold under a licensed trademark, each licensor that has licensed such trademark to the Borrower and/or the Restricted Subsidiaries to the extent that the gross revenues received or to be received by the Borrower and/or the Restricted Subsidiaries with respect to the sale of inventory subject to such licensed trademark equals or is in excess of
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Related to Required Licensor

  • Licensor means the copyright owner or entity authorized by the copyright owner that is granting the License.

  • Third Party Licensor means the relevant licensor of any Third Party Data or any Third Party Trade Xxxx;

  • Lapsed license “permit,” or “registration” means a license, permit, or registration that a person has failed to renew as required or the license, permit, or registration of a person who failed to meet stated obligations for renewal within a stated time. A person whose license, permit, or registration has lapsed continues to hold the privilege of licensure or registration in Iowa, but may not practice dentistry, dental hygiene, or dental assisting until the license, permit, or registration is reinstated.

  • Sub-Licensee means all person/ agency with whom Licensee has executed sub license agreement as per terms and conditions of license agreement executed between DMRC and the Licensee, for commercial utilization of the Bare Spaces.

  • Licensee has the meaning set forth in the preamble.

  • OMP means Occupational Medical Practitioner

  • the Licensee means the person(s) named in the licence.

  • Sublicensee means a third party to whom LICENSEE grants a sublicense of certain rights granted to LICENSEE under this Agreement.

  • License Key means a unique key-code that enables Licensee to run Software subject to the obtained User Pack.

  • Excluded License means an open source or other software license that requires, as a condition of license, use, modification, distribution or conveyance, that (a) the code be disclosed or distributed in source code form; (b) others have the right to modify or create derivative works of it; and/or (c) the code becomes redistributable at no charge.

  • End User License means any license terms imposed by any Third Party Vendor on Customers and End Users. “Force Majeure Event” means an event or occurrence:

  • Encumbered license means a license that a physical therapy licensing board has limited in any way.

  • End User License Agreement means a license grant or end user license agreement governing software as further described in this Agreement or any applicable Appendix.

  • Third Party License means licenses from third parties governing third party software embedded or used in the Trading Platform.

  • licensed distributor means any holder of a distribution licence.

  • Unencumbered license means a license issued in good

  • Licensors means PRS and MCPS.

  • IDC means the NERC Interchange Distribution Calculator used for identifying and requesting congestion management relief.

  • Third Party Content means all software, data, text, images, audio, video, photographs and other content and material, in any format, that are obtained or derived from third party sources outside of Oracle that You may access through, within, or in conjunction with Your use of, the Services. Examples of Third Party Content include data feeds from social network services, rss feeds from blog posts, Oracle data marketplaces and libraries, dictionaries, and marketing data. Third Party Content includes third-party sourced materials accessed or obtained by Your use of the Services or any Oracle-provided tools.

  • Licensor Know-How means any and all Know-How that (a) is Controlled by Licensor or any of its Affiliates as of the Effective Date or at any time thereafter during the Term and (b) pertains to the Manufacture, use or sale of Licensed Products, including Research Inventions (other than Research Patents).

  • CREFC® Intellectual Property Royalty License Fee Rate With respect to each Mortgage Loan, a rate equal to 0.0005% per annum.

  • Licensed Material means the artistic or literary work, database, or other material to which the Licensor applied this Public License.

  • Named User License means the Metric and Licensed Level applicable to each Named User.

  • Intercompany License Agreement means any cost sharing agreement, commission or royalty agreement, license or sublicense agreement, distribution agreement, services agreement, intellectual property rights transfer agreement, any related agreements or similar agreements, in each case where all parties to such agreement are one or more of the Company or a Restricted Subsidiary.

  • Licensed Marks means those MLS GRID and MLS trademarks, service marks, word marks, logos and distinctive marks of all other kinds, if any, set out in Exhibit A as Licensed Marks.

  • Company Licensed IP means all Intellectual Property rights owned or purported to be owned by a third party and licensed to the Company or any Company Subsidiary or to which the Company or any Company Subsidiary otherwise has a right to use.