IP Systems definition

IP Systems means tools and other legal and administrative measures that assist in the use of intellectual property and the application of intellectual property rights for the socio-economic development of Africa.
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IP Systems. All Intellectual Property constituting and relating to any and all technology/systems of the Acquired Division, including: (i) the Empower Loan Origination System; (ii) the Empower Middle-Tier Internet enabled solution; (iii) the Intelli-Mortgage mortgage performance management system (Intelli-Mine Data Warehouse); (iv) Lender E-Source Loan Library a/k/a ELF (Electronic Loan Finder); (v) FICS Servicing (in accordance with Schedule 1.1(a); (vi) Lason Imaging; (vii) Dexma Loan Pump; (viii) Cogent QA; (ix) the Seller’s Intranet (known as “Notes and Deeds”); and (x) any and all interfaces and report writers, either purchased or created, for any of the aforementioned, except those IP Systems listed on Schedule 1.1(a).
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IP Systems has the meaning set forth in Section 2(xx).
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Examples of IP Systems in a sentence

  • The Web Manager allows the user to monitor and supervise several EHPT BMP, Initiator and BMP/Initiator IP Systems at a time from a Web browser (Netscape Navigator or Communicator).

  • An amount equal to the sum of the IP Systems Payment Amount plus the Estimated Asset Payment Amount shall be paid by Purchaser to Seller on the Effective Date.

  • Together with the Production Payment and the IP Systems Production Payment for each Payment Period, Purchaser shall deliver a schedule to Seller identifying the Mortgage Loans with respect to which the Production Payment and the IP Systems Production Payment was made.

  • Effective upon Purchaser’s acquisition of the IP Systems from Seller in accordance with this Agreement, Purchaser shall be deemed to have granted Seller a non-exclusive, non-transferable, royalty-free sublicense to use all of the IP Systems during the Transition Period.

  • Effective upon Purchaser’s acquisition of the Production Assets (other than the IP Systems, Leases and Equipment Leases) from Seller in accordance with this Agreement, Purchaser shall be deemed to have leased such assets, on a rent free, non-transferable basis, to Seller during the Transition Period.

  • Schedule 4.1(p) contains a complete and accurate list and summary description of all registered copyrights owned by Seller that are part of the IP Systems, which registrations are currently in compliance with all formal legal requirements, and to Sellers' knowledge, are valid and enforceable.

Related to IP Systems

  • Customer Systems means the Customer's information technology infrastructure, including computers, software, hardware, databases, electronic systems (including database management systems) and networks, whether operated directly by Customer or through the use of third-party services.