OCCC License definition

OCCC License means that certain Motor Vehicle Sales Finance License (License No. 12391-51449) issued by the OCCC to Seller under Chapter 348 of the Texas Finance Code.
Sample 1

Examples of OCCC License in a sentence

  • On March 24, 2009, Gary Anstice, the Group Controller for several of the RLJ Group‘s Texas dealerships sent an e-mail to Mr. Pretzer stating: ―Could I get Sharon to make me copies of the following: Motor Vehicle License, OCCC License, Insurance License, Copies of property tax statements (for legal description).

  • Buyer covenants and agrees with Seller that Buyer shall, within five (5) Business Days after the date hereof, submit a properly completed application to the OCCC for (i) the issuance of a Motor Vehicle Sales Finance License under Chapter 348 of the Texas Finance Code and (ii) the transfer of the OCCC License from Seller to Buyer, and shall provide Seller with a copy of such application as well as copies of any correspondence with the OCCC with respect to such application promptly after receipt thereof.

  • Subject to the terms and conditions of this Agreement, Seller shall transfer and assign to Buyer, and Buyer shall acquire from Seller, the OCCC License, provided that such transfer and assignment shall occur only following the (i) the Closing of the purchase and sale of the Transferred Assets pursuant hereto and (ii) the receipt by Seller of evidence satisfactory to Seller of the approval of the OCCC to the transfer of the OCCC License to Buyer pursuant to the terms hereof.

  • The Seller shall have no liability or responsibility to Buyer to cause the transfer of the OCCC License in the event such transfer is not approved by the OCCC.

  • The purchase price for the Transferred Assets (and, subject to the prior approval of the OCCC, the transfer of the OCCC License) shall be Sixteen Million and No/100 Dollars ($16,000,000) (the “Purchase Price”), such purchase price to be paid in cash by Buyer to Seller on the Closing Date.

  • Buyer shall use its best efforts to cause the OCCC to (i) issue a Motor Vehicle Sales Finance License under Chapter 348 of the Texas Finance Code and/or (ii) consent to the transfer of the OCCC License from Seller to Buyer.

  • Seller has agreed to sell to the Buyer, and Buyer has agreed to purchase from Seller, the Transferred Assets and the OCCC License pursuant to the terms of this Agreement.

  • The obligation of Seller to transfer the OCCC License to Buyer pursuant hereto shall terminate on June 24, 2008 in the event such transfer has not been approved by the OCCC on or before such date.

Related to OCCC License

  • FCC License any community antenna relay service, broadcast auxiliary license, earth station registration, business radio, microwave or special safety radio service license issued by the FCC pursuant to the Communications Act of 1934, as amended.

  • Sub-License means the sub-licensing of any space in the Station Development Assets and Project Utilities in the Station Development Project, by the Station Facility Manager to any licensee, in accordance with the Station Facility Management Agreement;

  • Specific license means a license, under requirements prescribed by the department by rule, to possess, use, manufac- ture, produce, transfer or acquire radioactive material or devices or equipment utilizing radioactive material.

  • Site License means for each product, the term “Site License” shall mean the license established upon acquisition of the applicable number of copies of such product and payment of the applicable license fees as set forth in the Statement of Work.

  • Generation Licence means a Licence to Generate electricity and to

  • Business License means a license issued by the Department to a medical marijuana dispensary, grower, processor, testing laboratory, or transporter.

  • Copyleft License means any license that requires, as a condition of use, modification and/or distribution of software subject to such license, that such software subject to such license, or other software incorporated into, derived from, or used or distributed with such software subject to such license (i) in the case of software, be made available or distributed in a form other than binary (e.g., source code form), (ii) be licensed for the purpose of preparing derivative works, (iii) be licensed under terms that allow the Company’s or any Subsidiary of the Company’s products or portions thereof or interfaces therefor to be reverse engineered, reverse assembled or disassembled (other than by operation of Law) or (iv) be redistributable at no license fee. Copyleft Licenses include the GNU General Public License, the GNU Lesser General Public License, the Mozilla Public License, the Common Development and Distribution License, the Eclipse Public License and all Creative Commons “sharealike” licenses.

  • Driver license means a license that is issued by a state to

  • Exclusive License means with respect to any drug or pharmaceutical product, any license granted to develop, commercialize, sell, market and promote such drug or pharmaceutical product with a term greater than five (5) years (unless terminable prior to such time without material penalty or premium by Irish Holdco or the applicable Restricted Subsidiary) and which provides the applicable licensee (and/or its assignees) the exclusive rights to develop, commercialize, sell, market and promote such drug or product within the United States; provided that an “Exclusive License” shall not include (a) any license to distribute any such drug or product on an exclusive basis within any particular geographic region or territory, (b) any licenses, which may be exclusive, to manufacture any such drug or product, and (c) any license to manufacture, use, offer for sale or sell any authorized generic version of such drug or product.

  • Permitted License means any non-exclusive license of patent rights of Borrower or its Subsidiaries so long as all such Permitted Licenses are granted to third parties in the Ordinary Course of Business, do not result in a legal transfer of title to the licensed property, and have been granted in exchange for fair consideration.

  • FCC Licenses means the licenses, permits and other authorizations, including any temporary waiver or special temporary authorization, issued by the FCC to the Seller in connection with the conduct of the business and operation of the Stations.

  • Software License means any agreement (including any agreement constituting a Copyright License, Patent License and/or Trademark License) now or hereafter in existence granting to any Credit Party any right, whether exclusive or non-exclusive, to use another Person’s Software, or pursuant to which any Credit Party has granted to any other Person, any right, whether exclusive or non-exclusive, to use any Software, whether or not subject to any registration.

  • Package License means the Metric and Licensed Level applicable to each Package; a Package License for any Package referenced in Exhibit 3 shall include, and be subject to, the specific terms and Use rules applicable to such Package.

  • IP License means all Contractual Obligations (and all related IP Ancillary Rights), whether written or oral, granting any right, title and interest in or relating to any Intellectual Property.

  • Research License means a nontransferable, nonexclusive license to make and to use Licensed Products or Licensed Processes as defined by the Licensed Patent Rights for purposes of research and not for purposes of commercial manufacture or distribution or in lieu of purchase.

  • Active license means a license that is current and has not expired.

  • Open Source License means any license meeting the Open Source Definition (as promulgated by the Open Source Initiative) or the Free Software Definition (as promulgated by the Free Software Foundation), or any substantially similar license, including any license approved by the Open Source Initiative or any Creative Commons License. “Open Source Licenses” shall include Copyleft Licenses.

  • exploration licence means an exploration licence under Part 2 of the Mineral Resources Development Act 1990; S. 3(1) def. of "fish" inserted by No. 40/2002 s. 3(a).

  • License means any Copyright License, Patent License, Trademark License or other license of rights or interests now held or hereafter acquired by any Credit Party.

  • Retail license means one of the following licenses issued under this title:

  • Sub-Licensee means all person/ agency with whom Licensee has executed sub license agreement as per terms and conditions of license agreement executed between DMRC and the Licensee, for commercial utilization of the Bare Spaces.

  • exclusive licence means a licence from the proprietor of or applicant for a patent conferring on the licensee, or on him and persons authorised by him, to the exclusion of all other persons (including the proprietor or applicant), any right in respect of the invention to which the patent or application relates, and “exclusive licensee” and “non-exclusive licence” shall be construed accordingly;

  • Pipeline Licence means the licence granted to the Joint Venturers under paragraph (a) of subclause (1) of Clause 16;

  • Limited license means a license that:

  • Subscription License means a particular type of license to a Software Product that allow s a Customer to use the Software Product for a specified period of time identified in the Quote. For reference, a Software Product that is a Subscription License shall have the word “Subscription” in the Software Product name and/or have the letters “SU” at the end of the product number for the Software Product.

  • Perpetual License means a type of license for a Software Product which allows the User to use the Software Product in perpetuity so long as the User does not otherwise violate the terms of the EULA. For reference, a Perpetual License on a Quote is denoted by its absence of either the terms “Subscription,” “SaaS,” or “Metered” and/or the absence of the letters ”SU” or “MTR” at the end of the Software Product number or the letters “HCL” at the beginning of the Software Product number.