LTO Program definition

LTO Program means assets (including Intellectual Property) and revenue directly related and attributable to the Linear Tape-Open (“LTO”) format for which a Format Development Agreement exists.
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LTO Program means assets (including Intellectual Property) and revenue directly related and attributable to the Linear Tape- Open (“LTO”) format for which a Format Development Agreement exists.
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Examples of LTO Program in a sentence

  • Each Company Group Obligor shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, until the Payment in Full of the Convertible Notes Obligations, at any time, permit LTO Subsidiary to incur any Indebtedness other than (a) the Term Loan Obligations, (b) the Convertible Notes Obligations, (c) Indebtedness permitted under clause (w) of the definition of “Permitted Indebtedness” and (d) liabilities arising in connection with the LTO Program in the ordinary course of business.

  • Absent the occurrence and continuance of an Event of Default at such time, the Required Holders shall consult with Company as to the identity of any such firm; provided, that it is agreed by the parties hereto that ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Asset Advisors, LLC shall be deemed to be an acceptable firm for purposes of appraising the value of the LTO Program.

  • The Required Holders may at any time after the Closing Date and from time to time, engage the services of an independent appraisal firm or firms of reputable standing, satisfactory to the Required Holders, for the purpose of appraising the then current value of the Company’s and the Guarantors’ assets (including without limitation Intellectual Property and the LTO Program).

  • Notwithstanding the foregoing, (i) no more than one (1) appraisal of Intellectual Property (which shall include, without limitation, appraisals of the LTO Program) shall be conducted at the expense of the Company during any consecutive twelve (12) month period, and (ii) if an Event of Default shall exist, then notwithstanding anything to the contrary in the foregoing clause (i), there shall be no limitation on the number or frequency of appraisals which may be conducted at the expense of the Company.