Competitive Technology definition

Competitive Technology means any system, program, hardware or software (including any network architecture, system architecture, messaging architecture, trade processing and clearing systems and architecture, database architecture and storage of market and trading data for purposes of statistical analysis, network infrastructure, market data processing and messaging types that support such market data processing, order processing or any other software or hardware): (i) only if developed for one or more financial institution(s) or designed primarily for use by, or sale or license to, one or more financial institutions, is (A) used (or will be used in the future in its current or any enhanced or modified form) in Strategy Competition to evaluate, route or execute orders or trades in any Financial Asset or (B) used (or will be used in the future in its current or any enhanced or modified form) in Strategy Competition for the efficient processing and dissemination of market data or messaging for Financial Assets, or (ii) in any case, is specifically designed or intended for use in Strategy Competition.

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Competitive Technology means any Non-leaching Antimicrobial Technology developed or otherwise acquired by Quick-Med that is ready to be commercialized which could be used by a third party to compete with the Licensed Products in form, fit, function or performance within the Field of Use.

Competitive Technology means all technology of Purchaser and its Subsidiaries that is used by a third-party competitor of the Business related to a marketplace of transactions in U.S. Treasury Securities, including, if required to consummate the transactions contemplated hereby, any updates and upgrades of such technology and access to maintenance of such technology. In addition, Purchaser and Parent shall defend through litigation on the merits in a U.S. District Court (or any state trial court) any claim asserted in court by any party in order to avoid entry of, or to have vacated or terminated, any decree, order or judgment (whether temporary, preliminary or permanent) that would restrain, prevent or delay the Closing. For the avoidance of doubt, if Purchaser has complied with its obligations set forth above, and nonetheless a Governmental Authority has brought an action under any antitrust, competition or trade regulation Law that has resulted in a final, permanent Governmental Order preventing the Closing, then either Party will be entitled to terminate this Agreement pursuant to Section 9.1(b) without incurring any obligations to each other in connection with such termination. Notwithstanding anything to the contrary contained in this Agreement, Purchaser shall have the principal responsibility for devising and implementing the strategy for obtaining any necessary antitrust or competition clearances and shall take the lead in all meetings and communications with any Governmental Authority in connection with obtaining any necessary antitrust or competition clearances. No Party shall participate in any meeting with any Governmental Authority in connection with this Agreement (or make oral submissions at meetings or in telephone or other conversations) unless it consults with the other Parties in advance and, to the extent not prohibited by such Governmental Authority, gives the other Parties the opportunity to attend and participate thereat.

Examples of Competitive Technology in a sentence

Notwithstanding the foregoing, SSG shall be entitled to assign or transfer such rights or obligations hereunder to a SOFTBANK Affiliate in connection with any merger or sale of substantially all of SSG's assets or business related to this Agreement to such SOFTBANK Affiliate without such InterTrust consent; provided -------- that such SOFTBANK Affiliate does not own, control, or is not developing, ---- promoting, licensing or acquiring any Competitive Technology.
Quick-Med hereby grants to Avery and its Affiliates a single right of first option to ne▇▇▇▇▇te with Quick-Med in order to enter into an exclusive license on terms and conditions acceptable to both Parties to Use within the Field of Use each Competitive Technology or material Development thereto (each, a “CT Option” and, collectively with the Next Gen Option and the Stay Fresh® Option, the “Options”).
During the Technology Noncompetition Period, ownership by the Executive of not more than 5% of the equity securities of any Competitive Technology Operation shall not constitute a violation of this Section 5(b).
In addition, the Company is a Private Sector Participant along with Stanford University in a project entitled "Computer Mediated Stereotaxic Radiosurgery" which is being funded by a California Competitive Technology Grant (the "CCT Grant").
During the applicable Opt▇▇▇ ▇eriod, Quick-Med will notify Avery promptly upon the conception, discovery, development, o▇ ▇▇▇uction to practice of any Development within the Field of Use that is part of the Next Generation Antimicrobial Adhesives Technology, part of the Stay Fresh® Technology, or part of the Competitive Technology.
In the event Quick-Med provides Avery notice of a Competitive Technology or a material Develo▇▇▇▇▇ thereto on or before the date that is thirty (30) months after the Effective Date, Avery shall have until the third anniversary of the Effective ▇▇▇▇ to exercise the CT Option with respect to such Competitive Technology or material Development.
In the event Quick-Med provides Avery notice of a Competitive Technology or a material Develo▇▇▇▇▇ thereto any time after the date that is thirty (30) months after the Effective date, Avery shall have six months from the date it receives such no▇▇▇▇ to exercise the CT Option with respect to such Competitive Technology or material Development.
The Shareholders will use their best efforts to refinance the Bank of Bloomfield mortgage debt of Competitive Technology Investment Company, a Michigan co- partnership ("Partnership"), and the Deutsche Credit equipment debt of the Corporation.
Such enterprises include, but are not limited to Pacific-Teal Development, Inc.; Targeted Resources, Inc.; Competitive Technology, Inc.; Somerset Properties Partnership; Harvest Development Company, Inc.; ▇▇▇▇▇ Engineering, Inc.; The ▇▇▇▇▇ Companies- Inland Empire, Inc.; The ▇▇▇▇▇ Companies -Hawaii, Inc.
Sublicensor shall be free to discuss licensing such Competitive Technology with third parties and to grant such a license to one or more third parties (i) if Sublicensee fails to timely respond to Sublicensor’s notice of intent to license the Competitive Technology, or (ii) if Sublicensor and Sublicensee fail to agree upon the terms of a possible license to the Competitive Technology prior to expiration of the Competitive Negotiation Period.

More Definitions of Competitive Technology

Competitive Technology has the meaning provided therefor in Section 18.01(a) of this Agreement.

Competitive Technology means a third Person’s technology (a) that is primarily used for the purposes of (i) converting carbon-containing gases into products and/or energy using microbes and gas fermentation reactors or (ii) converting industrial and municipal waste gases rich in carbon monoxide and/or carbon dioxide into energy using power generation instruments and (b) the use of which by a third Person would be reasonably likely to prevent LanzaTech from licensing the LanzaTech Technology to such third Person.

Competitive Technology means products and/or services that are competitive with the OptiMark Technology; and (c) "Prohibited Entity" means any company, joint venture, consortium, legal or other entity that directly or indirectly develops, markets, sells, or offers Competitive Technology if the same derives more than 25% of its gross revenue from such Competitive Technology. Dr. ▇▇▇▇▇▇▇ ▇▇▇ees that, at least until the later of (X) the date that Dr. ▇▇▇▇▇▇▇ ▇▇ longer serves as a member of the Board or (y) January 6, 2003, he shall not engage, directly or indirectly, in any activity that relates to Competitive Technology and shall not become employed by or render 2 services on behalf of a Prohibited Entity that relate to Competitive Technology; provided, however, that Dr. ▇▇▇▇▇▇▇ ▇▇▇ become employed by or render services on behalf of ORINCON Industries or AM Group, Inc. ("Permitted Entities"), but may not render services on behalf of a Permitted Entity to a Prohibited Entity that relate to Competitive Technology. Nothing herein precludes Dr. ▇▇▇▇▇▇▇ ▇▇▇m advertising his skills and services to the general public.