Common use of Licenses Received Clause in Contracts

Licenses Received. Except for computer software that is generally commercially available with a per sale copy cost of less than $2,500, all licenses or other agreements under which Adherex is granted rights by others in Intellectual Property Assets are listed in Schedule 3.16(g) hereto. All such licenses or other agreements are in full force and effect, to the knowledge of Adherex there is no material default by any party thereto, and, except as set forth on Schedule 3.16(g) hereto, all of the rights of Adherex thereunder are freely assignable. True and complete copies of all such licenses or other agreements, and any amendments thereto, have been provided to the Company, and to the knowledge of Adherex, the licensors under the licenses and other agreements under which Adherex is granted rights have all requisite power and authority to grant the rights purported to be conferred thereby.

Appears in 1 contract

Sources: Merger Agreement (Adherex Technologies Inc)

Licenses Received. Except for computer software that is generally commercially available with a per sale copy cost of less than $2,500, all licenses or other agreements under which Adherex the Company is granted rights by others in Intellectual Property Assets are listed in Schedule 3.16(g2.13(g) hereto. All such licenses or other agreements are in full force and effect, to the knowledge of Adherex the Company there is no material default by any party thereto, and, except as set forth on Schedule 3.16(g2.13(g) hereto, all of the rights of Adherex the Company thereunder are freely assignable. True and complete copies of all such licenses or other agreements, and any amendments thereto, have been provided to the CompanyAdherex and Adherex US, and to the knowledge of Adherexthe Company, the licensors under the licenses and other agreements under which Adherex the Company is granted rights have all requisite power and authority to grant the rights purported to be conferred thereby.

Appears in 1 contract

Sources: Merger Agreement (Adherex Technologies Inc)