ORBIT System Software License Sample Clauses

ORBIT System Software License. (i) The Company shall hold and own an exclusive worldwide, perpetual license to the ORBIT System and any improvements thereto and component parts thereof (non-exclusive for the electric and gas utility industry and restricted for electricity related trade applications in the states of Pennsylvania, New Jersey, Maryland, Delaware and Massachusetts pursuant to the terms and conditions of a license agreement between BarterOne, L.L.C. and PECO Energy Company, through its subsidiary Energy Trading Company) for the development of an Internet based Electronic Business platform as a specific business-to-business custom application service for on-line Corpo rate/Investment Asset recovery operations, including, without limitation, the following activities as they relate to same (i) private corporate extranet/intranet distribution and Corporate/Investment Asset registration services, (ii) management, on-line and off-line marketing, remarketing and sales of corporate/investment assets of companies both as an internal mechanism for the redistribution of corporate assets and a general business-to-business commercial remarketing facilitator, (iii) registered on-line business-to-business open bid process for the resale of corporate assets, and (iv) virtual web based center for product sales and liquidation services, as well as the inclusive license rights to utilize the system on a worldwide basis and at any of the Company's or the Company's clients' locations and on any number of central processing units. The ORBIT System shall at the time of transfer to the Company include an auction component. If such a component has not at that time been developed in connection with the ORBIT System, PAR shall at such time assign and/or transfer to the company, at no additional cost to the Company, an exclusive worldwide, perpetual license to the WWWX auction software currently owned by PAR, for use by the Company on the same terms as the ORBIT System. PAR hereby expressly agrees that any auction component subsequently developed in connection with the ORBIT System will be deemed to be a part of the ORBIT System software licensed to PAR and therefore subject to the assignment and/or transfer of same to the Company, and any such component shall be promptly delivered to the Company.
Sample 1
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Related to ORBIT System Software License

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  • Software Licence The following licence terms apply whether HP provides software to Customer as part of a managed service or as a separate software transaction.

  • Software Licenses Seller has all necessary licenses to use all material third-party software used in connection with the Purchased Assets, and to Sellers’ knowledge, Sellers’ use of third-party software does not infringe the rights of any Person or Entity.

  • Software Licensing Contractor represents and warrants that the software, if any, as delivered to City, does not contain any program code, virus, worm, trap door, back door, time or clock that would erase data or programming or otherwise cause the software to become inoperable, inaccessible, or incapable of being used in accordance with its user manuals, either automatically, upon the occurrence of licensor-selected conditions or manually on command. Contractor further represents and warrants that all third party software, delivered to City or used by Contractor in the performance of the Contract, is fully licensed by the appropriate licensor.

  • Third Party Software 1. The Software may contain third party software that requires and/or additional terms and conditions. Such required third party software notices and/or additional terms and conditions are located at xxxx://xxx.xxxxxxxxx.xxx/thirdparty/index.html and are made a part of and incorporated by reference into this XXXX. By accepting this XXXX, You are also accepting the additional terms and conditions, if any, set forth therein.

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