Escrow License definition
Examples of Escrow License in a sentence
The terms of the Escrow Agreement shall ensure Customer’s access to and receipt of the Escrow Deposits for the purpose of exercising its rights under the Escrow License.
After the Escrow License has become effective, no termination of the Software Agreement shall terminate the Escrow License.
All rights and licenses granted under Section 6.3 (Escrow License) are, and shall otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code, licenses of rights to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code and, further, that the Escrow Agreement shall constitute an agreement “supplemental to” such license.
Upon any termination of this Agreement, Marvell shall be entitled to exercise the license rights granted in Section 4 for any and all Licensed Products that are in development or in production as of the effective date of termination of this Agreement, in addition to any Escrow License granted to Marvell under the terms of Section 10 hereof.
All such Title Agent Licenses and Escrow Licenses are in full force and effect, and the Company has not received written notice of any investigation or proceeding that would reasonably be expected to result in the suspension or revocation of any such Title Agent License or Escrow License.
Math Strategies hereby grants to Datawatch, contingent upon Datawatch's valid receipt of the Escrowed Materials pursuant to the first sentence hereof, a non-transferable, world-wide, exclusive license (the "Escrow License") to use the Escrowed Materials to reproduce, market, copy, publish, sell copies of, license and distribute the Software and to sublicense others to do the same.
Wintegra acknowledges that if Wintegra as a debtor in possession or a trustee in bankruptcy in a case under the Bankruptcy Code rejects this Agreement, TI may elect to retain its rights under Section 6.3 (Escrow License) as provided in Section 365(n) of the Bankruptcy Code, including a right to the release of the Deposit Materials under the Escrow Agreement.
With respect to the software sold or licensed by Datawatch under the Escrow License, Datawatch shall continue to pay the royalties due under the Software Agreement; provided, however that the amount of royalty owed Math.
Customer and/or shall make no other use of the Deposit Materials except as expressly permitted under Section 7.4(f) (Escrow License).
For clarity, Customer may exercise its rights under the Escrow License through Customer-Authorized Third Parties.