IP Subsidiary definition

IP Subsidiary means any Domestic Subsidiary (other than any Excluded Subsidiary) that at any time owns any Intellectual Property or rights to Intellectual Property that are material to the business or operations of Holdings and the Subsidiaries, taken as a whole.

IP Subsidiary means any such Person.

IP Subsidiary means any direct or indirect wholly-owned Non-Domestic Subsidiary formed in accordance with Section 6.12 hereof for the purpose of owning certain Intellectual Property.

Examples of IP Subsidiary in a sentence

• Notwithstanding the foregoing, neither the Borrower nor any Designated IP Subsidiary shall be permitted to be an Unrestricted Subsidiary.

• Without limiting the foregoing, the Liens granted pursuant to the Collateral Documents shall continue in full force and effect and the guaranties of Holdings and the IP Subsidiary shall continue in full force and effect.

• In the prior audit, the Department determined that royalty income from Taxpayer's foreign subsidiary that licenses Taxpayer's intellectual property ("IP Subsidiary") must be allocated to Taxpayer under IC § 6-3-2-2(l) and(m) in order to fairly reflect Taxpayer's total adjusted gross income.

• For each of these countries, Taxpayer provided copies of Trademark and Technology License and Technical Services Agreements evidencing that the IP Subsidiary both licensed intangible property and provided personnel for technical assistance with manufacturing and application of the intangible property.

• Royalty income from the IP Subsidiary was also included in the denominator of Taxpayer's apportionment factor.

More Definitions of IP Subsidiary

IP Subsidiary means any Loan Party incorporated in the United States, Italy, Switzerland or the United Kingdom that owns registered Intellectual Property.

IP Subsidiary means a wholly-owned Non-U.S. Subsidiary of the Borrower formed on or after the Effective Date and each other Non-U.S. Subsidiary of the Borrower to which any material portion of the Intellectual Property transferred to the IP Subsidiary by the Loan Parties is transferred.

IP Subsidiary means a wholly owned Domestic Subsidiary that (a) is a Guarantor Subsidiary and the Capital Stock of which has been pledged to secure the Obligations and (b) is neither a Shy Obligor nor a Shy Restricted Subsidiary.

IP Subsidiary shall have the meaning given to it in the introductory paragraph.

IP Subsidiary means a Subsidiary of IP and "UCC Subsidiary" means a Subsidiary of UCC.

IP Subsidiary is defined in the first recital.

IP Subsidiary means each of RP Sub No. 3(R), Inc., a Massachusetts corporation, RP Sub No. 4(I), Inc., a Massachusetts corporation, RP Sub No. 5(D), Inc., a Massachusetts corporation and RP Sub No. 6(O), Inc., a Massachusetts corporation.’; and