Successor Product definition

Successor Product means a subsequent or follow-on version of an Acquired Party Covered Product or Acquirer Competitive Product that is based on substantially the same technology (including “process shrinks” of such products and other incremental improvements thereto) as such Acquired Party Covered Product or Acquirer Competitive Product without the benefit of fundamental advances in design, and that is intended to replace such Acquired Party Covered Product or Acquirer Competitive Product and to be used in the same type of application (e.g., personal computer, mobile phone, etc.).

Successor Product means a product which is introduced by Company during the Term of this Agreement that provides the same fundamental functionality or purpose as a Product existing as of the Effective Date;

Successor Product means the development or replacement of a Service in its entirety by a new service.

Examples of Successor Product in a sentence

• If Facebook elects to continue receiving Support and Maintenance, Facebook shall pay the same Support and Maintenance fees charged for the Product for support of the Successor Product.

• No product will be deemed a Successor Product unless and until the Parties have agreed on the Price of such Successor Products.

• If Vendor adds or removes any feature or functionality in the Software and subsequently offers those features or functionality in a new version or different Product (“Successor Product(s)”), then the Software licenses set forth herein shall be deemed to include the Successor Product however bundled or marketed.

• Unless otherwise agreed by the parties, for each of the two Price Reduction Periods immediately following the Price Reduction Period in which a New Product or Successor Product receives production approval by Company, the price for such New Product or Successor Product shall be recalculated using the Manufacturer Per Unit Pricing Formula and the Manufacturer Per Unit Pricing Formula Rates.

• Successor Product - software Control Data offers generally and designates as an upgrade successor to specific Software that is an incremental version increase of X in the version scheme X.YY.

More Definitions of Successor Product

Successor Product has the meaning set forth in the definition of “Product.”

Successor Product means a printed circuit board assembly, subsystem, orderable item kit, full system or other product introduced by Company or any of its Affiliates during the Term within Company’s and its Affiliates’ “Mobility” product sector that provides the same fundamental functionality or purpose as an Existing Mobility Product at the time of such introduction;

Successor Product means, with respect to a product, a new product based on the same core technology that has substantially similar features and functionality (with or without enhancements or improvements thereto) and that is marketed and distributed under a different name instead of as a new version of the original product.

Successor Product means and include any product developed by the Borrower (either alone or with others) that uses or incorporates any Intellectual Property used or incorporated in any Family of the FC-FC Integrated Controllers (as defined in the Joint Development Agreement) developed pursuant to the Joint Development Agreement and/or any RIO Product (as defined in the Securities Purchase Agreement) which existed at any time during the term of the Joint Development Agreement.

Successor Product means the development or replacement of a Service in its entirety by a new service. SLA/Service-Level-Agreement means service levels relating to the Services. Software/Standard Software: Software developed to meet the needs of a majority of customers and not specifically for the Customer or one customer.

Successor Product has the meaning set forth in Section 2.10(a).

Successor Product means any new model, extension, or derivative of a Product.