Multi-Client Library definition
Multi-Client Library means the library of marine and onshore seismic data acquired and maintained by the Norwegian Borrower and certain of its Subsidiaries from time to time for sale and license to clients on a non-exclusive basis.
Multi-Client Library means all onshore (which may include contiguous offshore and transition zone areas of 2D data in the Gulf of Mexico) 2D and 3D seismic data for the contiguous 48 United States, Alaska and Canada contained in the multi-client seismic library used and/or offered to customers by the Purchased Entities, including approximately 644 linear miles of 2D seismic data in the United States, additional 2D data in Canada and approximately 4,937 square miles of 3D seismic data overall in North America plus any additions to such library between the Effective Date and the Closing Date.
Examples of Multi-Client Library in a sentence
Except as set forth in Section 3.16 of the Seller Disclosure Schedule and in restricted, non-transferrable, non-exclusive internal use only licenses granted to customers of the Business in the ordinary course of business, immediately following the Closing no party other than the Purchased Entities will own any right, title or interest in or to the Multi-Client Library or any of its data.