OTC Software definition
Examples of OTC Software in a sentence
All Company In-Licenses and OTC Software licenses shall remain in effect after Closing.
Nasdaq shall own all right, title and interest in and to Nasdaq OTC Software, Combined OTC Software and Interfaces listed on Exhibit 3.b.
Other than with respect to Businesses Subsystems and Independent OTC Software, NASD shall have a perpetual, world-wide, royalty free, irrevocable right and license to use in support of the Businesses, the business rules and requirements behind any Enhancement which was initiated or fully funded by NASD.
SEC Required Enhancements shall be fully funded by NASD and, to the extent such Enhancements are not Enhancements to Independent OTC Software and fall outside of the Business Subsystems, such Enhancements shall be an “NASD Enhancement” for purposes of Section 17 (Noncompete).
A NASD Rules Driven Enhancement shall be fully funded by NASD and, to the extent such Enhancements are not Independent OTC Software and fall outside of the Business Subsystems, such Enhancements shall be a “NASD Enhancement” for purposes of Section 17 (Noncompete).
NASD OTC Software and all derivatives thereof and modifications thereto shall be owned by NASD.
NASD shall own all right, title and interest in and to Independent OTC Software and all derivatives and modifications thereof and all right title and interest in and to the Businesses’ Assets.
All rights title and interest in and to the Independent OTC Software along with any derivatives thereof and modifications thereto shall belong to NASD.
Any Enhancement partially funded by NASD, other than an Enhancement to NASD OTC Software or Independent OTC Software which shall be owned by NASD and which shall not be used in any manner by Nasdaq unless the parties agree in a separate writing to a license agreement, shall be considered a “Partially Funded Enhancement” for the purposes of Section 17 (“Noncompete”).
An Industry Driven Enhancement shall be fully funded by NASD and, to the extent such Enhancements are not Enhancements to Independent OTC Software and fall outside of the Business Subsystems, such Enhancements shall be an “NASD Enhancement” for purposes of Section 17 (Noncompete).