Common use of Embedded Products Clause in Contracts

Embedded Products. Debtor and Secured Party hereby acknowledge and agree that nothing contained herein shall prohibit or otherwise restrict Debtor from licensing the Embedded Products to third parties and no such licensing shall be deemed to be an Event of Default hereunder.

Appears in 1 contract

Sources: Security Agreement (Gatefield Corp)

Embedded Products. Debtor and Secured Party secured party hereby acknowledge and agree that nothing contained herein shall prohibit or otherwise restrict Debtor debtor from licensing the Embedded Products embedded products to third parties and no such licensing shall be deemed to be an Event event of Default default hereunder.

Appears in 1 contract

Sources: Security Agreement (Gatefield Corp)