Acquired Systems Sample Clauses
The "Acquired Systems" clause defines which systems, software, or technology assets are included as part of an acquisition or transaction. It typically specifies the scope of what is being transferred, such as hardware, software licenses, or proprietary platforms, and may outline any exclusions or limitations. By clearly identifying the assets involved, this clause ensures both parties understand exactly what is being acquired, reducing the risk of disputes or misunderstandings regarding the ownership and transfer of technology systems.
Acquired Systems. If IPTV Operator merges with, acquires or is acquired by a competing IPTV Operator operating in the Territory (“Competing Platform”) and Zee Group Channels are not carried on the Competing Platform at the time of merger and in the event following the merger the Competing Platform carries the ‘Zee Group Channel pursuant to this Agreement or IPTV Operator distributes the said Channel to the Subscribers of the Competing Platform, IPTV Operator or the successor company shall be obligated to pay to ZEEL the Subscription Fee from the effective date of the merger, on the basis of this Agreement within 30 days from the date of the merger based on the revised subscriber base of IPTV Operator and the Competing Platform or the successor company/affiliates/joint ventures/networks as the case maybe. In case of any dispute the Parties agree to refer the matter to TDSAT. If IPTV Operator merges with, acquires or is acquired by a Competing Platform and the Zee Group Channel(s) are carried on Platform and the Competing Platform, then the Subscription Fee payable by the combined entity / platform would be in accordance with the respective agreements of ZEEL, with the platform and competing platform prior to such merger, till a fresh agreement is entered into with ZEEL for the combined entity. Identical procedures will be followed in circumstances where the IPTV Operator merges with, acquires or is acquired by multiple Competing Platforms simultaneously or a party which owns multiple Competing Platforms.
Acquired Systems. If MSO merges with, acquires or is acquired by a competing MSO operating in the Territory (“Competing Platform”) and Zee Group Channels are not carried on the Competing Platform at the time of merger and in the event following the merger the Competing Platform carries the Zee Group Channel pursuant to this Agreement or MSO distributes the said Channel to the Subscribers of the Competing Platform, MSO or the successor company shall be obligated to pay to ZEEL the Subscription Fee from the effective date of the merger, on the basis of this Agreement within 30 days from the date of the merger based on the revised subscriber base of MSO and the Competing Platform or the successor company/affiliates/joint ventures/networks as the case maybe. In case of any dispute the Parties agree to refer the matter to TDSAT. If MSO merges with, acquires or is acquired by a Competing Platform and the Zee Group Channel(s) are carried on Platform and the Competing Platform, then the Subscription Fee payable by the combined entity / platform would be in accordance with the respective agreements of ZEEL, with the platform and competing platform prior to such merger, till a fresh agreement is entered into with ZEEL for the combined entity. Identical procedures will be followed in circumstances where the MSO merges with, acquires or is acquired by multiple Competing Platforms simultaneously or a party which owns multiple Competing Platforms.
Acquired Systems. The Acquired Systems shall have been sold ---------------- and transferred to JCG and JCA and all governmental approvals and material third party approvals necessary in connection with such sale and transfer shall have been obtained and in full force and effect such that JCG shall own good title to the Cable Systems serving North Augusta, South Carolina, Savannah, Georgia and Augusta, Georgia and JCA will own good title to the Cable System serving Pima County, Arizona.