Solar Business definition
Examples of Solar Business in a sentence
Licensee shall have no rights to pursue any Action relating to the Marks outside the Vivint Solar Business, unless Licensor fails to bring an Action and Licensee reasonably believes that an Action is necessary to protect the Marks in the Vivint Solar Business.
For the term of this Agreement, Licensor hereby grants to Licensee a worldwide, exclusive (even as to Vivint and Licensor), perpetual (except as provided in Section 7(b)), irrevocable, non-terminable (except as provided in Section 7(b)), fully paid up, royalty-free right and license to use the Marks, free and clear of any Liens, on and in connection with the Vivint Solar Business (collectively, the “License”).
In the absence of a joint agreement, Licensee shall have the first right, but not the obligation, to bring an Action for any Infringement of the Marks in or related to the field of the Vivint Solar Business, at Licensee’s own expense, and to keep all proceeds recovered in connection therewith.
If Licensee declines to bring an Action and Licensor reasonably believes that such Infringement may materially harm the “Vivint” Source Identifier outside the field of the Vivint Solar Business, Licensor or its Affiliates have the right, but not the obligation, to bring an Action at their own expense, and to keep all proceeds recovered in connection therewith.
For the avoidance of doubt, in no event will Vivint provide any lead relating to the Vivint Solar Business to any person other than Vivint Solar in the markets where Vivint Solar operates.
Without otherwise limiting Vivint’s obligations as set forth in Section 2(a), Vivint may provide to Vivint Solar Competitors (other than SolarCity Corporation) leads for prospective customers of products or services within the Vivint Solar Business in markets where Vivint Solar is not operating.
Starting ten (10) business days after Vivint Solar’s delivery of written notice to Vivint that Vivint Solar has commenced operations in a market, Vivint will thereafter exclusively provide all leads relating to the Vivint Solar Business solely to Vivint Solar.
Customers who believe they have a justified claim covered by this Limited ▇▇▇▇▇▇▇▇ must immediately notify the authorized LG representative, or contact LG directly by writing to: Solar Business Team ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇.
No member of Seller’s Group (including New Packaging) or any of its Affiliates has retained or failed to deliver any asset or right of any kind or nature, which is owned by such party or to which it has rights, in either case, which are necessary to or used in the conduct of the Solar Business as has been conducted since the Most Recent Fiscal Year End or is currently proposed to be conducted in the future.
Schedule 7.15 lists (i) the ten (10) largest customers (by revenue) of the Solar Business during the fiscal year ended 31 December 2009 and (ii) the ten (10) largest suppliers (by cost) of the Solar Business during the fiscal year ended 31 December 2009 and each sole source supplier of any product not readily available to the market from alternative sources.