IP Subsidiary definition

IP Subsidiary means any Subsidiary that at any time owns (a) any confidential proprietary database, any rights thereto or any Intellectual Property required for the operation or exploitation of any confidential proprietary database or (b) any other Intellectual Property or rights to Intellectual Property that are material to the business or operations of the Borrower and the Subsidiaries, taken as a whole.
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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.
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IP Subsidiary means any such Person.
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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.

  • Notwithstanding the foregoing, a Designated IP Subsidiary shall not make Dispositions other than pursuant to clauses (a), (b), (e), (g), (n) or (s) above.

  • Notwithstanding the foregoing, the Borrower will not permit any Designated IP Subsidiary to create, incur, assume or permit to exist any Indebtedness (regardless of whether permitted under this Section 8.2) other than Indebtedness of the Designated IP Subsidiary owed to the Borrower or a Restricted Subsidiary that is otherwise permitted by this Agreement.

  • In addition, ▇▇▇▇▇ hereby covenants and agrees that, during the Term of this Agreement, ▇▇▇▇▇ shall not incur or permit to exist (and shall cause each IP Subsidiary not to incur or permit to exist) any indebtedness for which any ▇▇▇▇▇ Patent Rights and/or ▇▇▇▇▇ Technology (A) constitutes collateral for such indebtedness, or (B) is subject to any lien, encumbrance, charge, security interest, mortgage, liability, grant of license to Third Parties or other restriction with respect to such indebtedness.


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.
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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.
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IP Subsidiary is defined in the first recital.
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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
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IP Subsidiary means a Subsidiary of IP and "UCC Subsidiary" means a Subsidiary of UCC.
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IP Subsidiary shall have the meaning given to it in the introductory paragraph.
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IP Subsidiary means a direct, Wholly-Owned Subsidiary of the Company organized under the laws of California, and having a principal place of business in the State of California, the primary business of which is the ownership of intellectual property and the licensing of such property to the Company and its other Subsidiaries.
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