Examples of Eligible Intellectual Property in a sentence
By-law No. 6593 (Hamilton) is amended by adding this by-law to section 19B as Schedule S-1561.
Subject to Section 15.2(a)(v), Administrative Agent alone shall be authorized to determine whether any Equipment, Intellectual Property or owned Real Estate constitute Eligible Equipment, Eligible Intellectual Property or Eligible Real Property, as applicable, or whether to impose or release any Reserve, which determinations and judgments, if exercised in Good Faith, shall exonerate Administrative Agent from liability to any Lender or other Secured Party or other Person for any error in judgment.
As to each item of Intellectual Property that is identified by Borrowers as Eligible Intellectual Property in a Borrowing Base Certificate submitted to Agent, such Intellectual Property is (a) validly existing and owned by a Borrower, and (b) not excluded as ineligible by virtue of one or more of the excluding criteria (other than any Agent-discretionary criteria) set forth in the definition of Eligible Intellectual Property.
As of the date of any Formula Certificate, all Intellectual Property that is identified by the Parent Borrower as Eligible Intellectual Property in such Formula Certificate satisfies in all respects the requirements set forth in the definition of “Eligible Intellectual Property”.
The Equipment, Intellectual Property and Real Estate that are identified by the Borrowers as Eligible Equipment, Eligible Intellectual Property and Eligible Real Property in each Borrowing Base Certificate submitted to the Administrative Agent, at the time of submission, comply in all material respects with the criteria set forth in such defined terms.