ENPAT definition
Examples of ENPAT in a sentence
Unless otherwise agreed by IGT and PGIC IGT shall distribute the IGT Scope of Products and the PGIC Scope of Products pursuant to the PGIC-IGT Agreement SMI agrees that PGIC may have products covered by both the original ENPAT license and the right under the Non-Exclusive Patent License as attached sold by IGT with PGIC’s royalty obligations as they were in the original licenses.
Subject to the SMI Covenant set forth in 6 (b)(i),but subject to the provisions of section 5.4 of the Patent Purchase Agreement, IGT and SMI both have the right to make, have made, use, sell, have sold, import, and export products under the ENPAT Patents [...***...] provided, however, if such use avoids royalties that would otherwise be due from PGIC, then PGIC will remain responsible for such royalties.
The royalties from any such license(s) shall be shared equally by IGT and SMI, except as provided for in Section 6.2. Each of SMI and IGT hereby consent to the grant of a non-exclusive license of the ENPAT Patents to PGIC, solely for the purposes set forth in, and subject to the terms of, and limitations contained in, the Three-Party Agreement and in this Agreement.
Subject to the SMI Covenant set forth in 6 (b)(i),but subject to the provisions of section 5.4 of the Patent Purchase Agreement, IGT and SMI both have the right to make, have made, use, sell, have sold, import, and export products under the ENPAT Patents […***…] provided, however, if such use avoids royalties that would otherwise be due from PGIC, then PGIC will remain responsible for such royalties.
In consideration for an equal and undivided joint ownership interest in the ENPAT, Schu▇▇▇▇ ▇▇▇ Fishbine Patents, the reimbursement of the Mindplay Litigation Costs, and the SMI Covenant, IGT shall pay to SMI the sum of Ten Million, Five Hundred and Ten Thousand Dollars ($10.510 million) (the “First Payment”), which sum shall be due to SMI upon execution of this Agreement and payable within ten (10) days, and in addition, the Future Payment shall be either paid or not paid, as set forth in Section 5.4.
The assignment of these patents to ENPAT is recorded at the United States Patent Office Assignment Division at Reel 011213 Frame 0614.
Contingent Convertible Senior Notes: $ 150,000,000 Stargames Credit Facility: $ 4,300,000 CARD Credit Facility EUR 0 BTI Liabilities: $ 4,441,000 ENPAT Note Payable: $ 5,823,000 Bet the Set “21” Contingent Consideration: $ 526,000 VIP Note Payable: $ 329,000 Inter-Company Debt: Shuffle Master Inc.
Manufactured under license from ENPAT, Inc.” shall be placed on all apparatus, manuals or documentation pertaining to LICENSED PRODUCTS.
In December 2004, we purchased two RFID technology patents from ENPAT for $12,500,000.
In consideration for an equal and undivided joint ownership interest in the ENPAT, ▇▇▇▇▇▇▇▇ and Fishbine Patents, the reimbursement of the Mindplay Litigation Costs, and the SMI Covenant, IGT shall pay to SMI the sum of Ten Million, Five Hundred and Ten Thousand Dollars ($10.510 million) (the “First Payment”), which sum shall be due to SMI upon execution of this Agreement and payable within ten (10) days, and in addition, the Future Payment shall be either paid or not paid, as set forth in Section 5.4.