LP Technology definition
Examples of LP Technology in a sentence
The Parties acknowledge and agree that the foregoing license grant shall be considered a sublicense with respect to any LP Technology that is licensed by LP from a Third Party.
The LP Technology shall exclude any intellectual property held or developed by a permitted successor of LP prior to the transaction in which it became a successor of such Party.
Technology Leaders L.P. Technology Leaders Offshore C.V. Technology Leaders II L.P. Technology Leaders II Offshore C.V. XL Vision, Inc.
Except as otherwise provided in Section 11.1(c), the Parties agree that upon termination of this Agreement for any reason, all sublicenses granted by OV to Affiliates or Third Parties under the LP Technology shall immediately terminate.
The Company will add Technology Leaders L.P., Technology Leaders Offshore C.V. and Bessemer Venture Partner II L.P. as a notice party to such policy and will request that the issuer of such policy provide such party with at least twenty (20) days' notice before such policy is modified or terminated (for failure to pay premium or otherwise) or assigned, or before any change is made in the designation of the beneficiary thereof.
PO JV, LP Technology JV, LP Lyondell (Pelican) Petrochemical L.P.1, Inc.
In the event of termination of this Agreement by either Party (other than as provided in Section 11.1), the licenses granted to OV under Section 2.1 and any other licenses and rights granted to OV under this Agreement shall terminate and all rights in the LP Technology shall return to LP.
The Company will maintain Technology Leaders L.P., Technology Leaders Offshore C.V. and Bessemer Venture Partners III L.P. as notice parties to such policy and shall use reasonable efforts to ensure that the issuer of such policy provides each such party with at least twenty (20) days' notice before such policy is modified or terminated (for failure to pay premium or otherwise) or assigned, or before any change is made in the designation of the beneficiary thereof.
If OV has not brought suit to enforce such LP Technology against such Person within thirty (30) days after OV’s receipt or delivery (as applicable) of notice and information under Section 7.5(a), then LP shall have the right, but not the obligation, to commence a suit or take action to enforce the applicable LP Technology with respect to such Product Infringement in the Territory, at LP’s expense.
OV’s rights under this Section 7.5 with respect to any LP Technology licensed to LP by a Third Party shall be subject and subordinated to the rights of such Third Party preemptive rights to enforce such LP Technology and/or defend against any claims that such LP Technology is invalid or unenforceable, and the rights of such Third Party to share in any recoveries.