LML definition

LML. “LML Entity” or “LML Entities” means: (a) LML Patent Corp. and its predecessors, successors, and Affiliates, including, but not limited to, Beanstream Internet Commerce, Inc.; (b) all entities controlled by LML Patent Corp., and each of their predecessors, successors, and Affiliates; (c) all entities, and each of their predecessors, successors, and Affiliates, in which LML Patent Corp. has a 25% or more ownership share.

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LML means ▇▇▇▇▇▇ Mining Ltd., a corporation incorporated under the laws of Ireland.

LML means LML Patent Corp., LML Payment Systems, Inc. and/or LML Payment Systems Corp., and any entity controlled by LML and/or controlled by any such controlled companies as of the Effective Date or thereafter. For purposes of this Agreement, an entity will be deemed to “control” or be “controlled” by another entity if (a) the controlling entity owns or controls, directly or indirectly, 30% or more of the voting power of the shares or other interests entitled to vote for the directors or other governing authority of the controlled entity; (b) if the controlling entity has a legal or beneficial interest in the controlled entity of 30% or more of the controlled entity’s revenue or capital accounts; or (c) if the controlling entity possesses, directly or indirectly, the power to direct or cause the direction of the management and policies of the controlled entity.

Examples of LML in a sentence

• This license is retroactive to the earliest priority date of the LML Patents.

• All releases, licenses, and covenants contained herein shall run with the LML Patents and shall be binding on any successors-in-interest or assigns thereof.

• All notices, requests, approvals, consents and other communications required or permitted under this Agreement will be in writing and addressed as follows: If to LML: ▇▇.

• If LML and the Non-Covered Transferee Entity cannot reach agreement on the terms of such release and/or license, then LML, the Non-Covered Transferee Entity, and any Non-Covered Affiliates of the Non-Covered Transferee Entity shall have all remedies, defenses, and counterclaims available to them under applicable law with respect to any Section 6.4 Non-Covered ACH Transactions.

• The Parties acknowledge and agree that the LML Patents are “intellectual property” as defined in Section 101(35A) of the United States Bankruptcy Code, as the same may be amended from time to time (the "Code"), which have been licensed hereunder in a contemporaneous exchange for value.

• Upon the Non-Covered Transferee Entity’s request, LML agrees to negotiate in good faith with the Non-Covered Transferee Entity to release and/or license, under the LML Patents, any ACH Transactions created, processed, or transmitted by the Non-Covered Transferee Entity and/or any of its Non-Covered Affiliates (hereinafter “Section 6.4 Non-Covered ACH Transactions”).

• Unless earlier terminated as specified in this section, the term of this Agreement shall commence upon the Effective Date and shall continue until the expiration of all causes of action and claims arising out of or related to the LML Patents or the Lawsuits.

• Unless earlier terminated as specified in this section, the term of this Agreement shall commence upon the Effective Date and shall continue until the expiration of the latter of all the LML Patents or all causes of action and claims arising out of or related to the LML Patents or the Lawsuits.

• The Parties acknowledge and agree that the LML Patents are "intellectual property" as defined in Section 101(35A) of the United States Bankruptcy Code, as the same may be amended from time to time (the "Code"), which have been licensed hereunder in a contemporaneous exchange for value.

• Nothing in this Section 4.3 releases LML from, or shall apply to, any breach of this Agreement.

More Definitions of LML

LML means Lincoln Memorial Life Insurance Company, in Liquidation.

LML means Lenovo Manufacturing Limited, a company organized and existing under the laws of the British Virgin Islands.

LML means LML Payment Systems Inc., a corporation continued under the laws of the Yukon Territory of Canada;

LML means LML Payment Systems Inc., a company incorporated under the Business Corporations Act (Yukon Territory).

LML means LML Payments Systems Inc. and any successor in interest thereto;