In-Stride definition
Examples of In-Stride in a sentence
In-Stride has listed the Stride License as an asset of its bankruptcy estate.
Pursuant to that certain World Wide License and Assignment Agreement between In-Stride, Inc.
If during the term of this Agreement, Buyer negotiates an agreement with In-Stride or its successor(s) in interest for the purchase of In-Stride's customer list and/or other miscellaneous assets and Seller approves of said agreement, the Indemnification Credit balance will be reduced by or debited, the lesser of, the amount paid by Buyer for said customer list and/or miscellaneous assets or by $25,000.
If during the term of this Agreement, Licensee negotiates an agreement with In-Stride or its successor(s) in interest for the purchase of In-Stride's customer list and Licensor approves of said agreement, the Indemnification Credit balance will be reduced by or debited, the lesser of, the amount paid by Licensee for said customer list and/or miscellaneous assets or by $25,000.
Notwithstanding the foregoing and for the avoidance of any doubt, each of the Parties acknowledges and agrees that the Right of First Refusal provided to the Company in this Section 21 shall not apply to any assignment of the InStride License Agreement to any Affiliate of F▇▇▇▇▇▇, the GFV, and/or InStride Ventures, LLC; provided, that such assignee is not a competitor of the Company.
If the Company elects to assume the assignment of the InStride License Agreement, as the case may be, from F▇▇▇▇▇▇, GFV or any of their respective Affiliates, as applicable, the closing of such transaction shall be consummated as soon as practical after the delivery of the Election Notice.
In-Stride has filed for Bankruptcy, which proceeding is currently pending in U.S. Federal Bankruptcy Court in San Antonio, Texas as case number 02-54008.
The Company shall have right, but not the obligation, to assume the assignment of the InStride License Agreement as specified in the Offer Notice at the price and on the terms specified in the Offer Notice by delivering written notice of such election to F▇▇▇▇▇▇, GFV or any of their respective Affiliates, as applicable, within thirty (30) days after the delivery of the Offer Notice (the “Election Notice”).
Notwithstanding the foregoing and for the avoidance of any doubt, each of the Parties acknowledges and agrees that the Right of First Refusal provided to the Company in this Section 21 shall not apply to any assignment of the InStride License Agreement to any Affiliate of ▇▇▇▇▇▇▇, the GFV, and/or InStride Ventures, LLC; provided, that such assignee is not a competitor of the Company.
Licensor has agreed to use reasonable efforts to settle on or before July 31, 2003 all claims that In-Stride or the trustee of In-Stride's bankruptcy estate and their respective successors and assigns may have in and to the Intellectual Property.