OTS Software definition

OTS Software means any Software that is generally available commercially for an annual aggregate license fee of $10,000 or less.
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OTS Software has the meaning given such term in Section 5.17(c).
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OTS Software means standard form (e.g., clickwrap or shrinkwrap) in-bound non-exclusive license agreements for non-customized and otherwise unmodified (other than ordinary course minor modifications) commercially available, off-the-shelf Software applications with a replacement cost or aggregate annual license fee of less than $50,000.
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Examples of OTS Software in a sentence

  • Section 4.19 of the Company Disclosure Schedule sets forth a true and complete list and description of all Software used by the Company or any of its Subsidiaries, other than OTS Software Licenses.

  • Except for Licensed IP and OTS Software, Seller is the sole and exclusive owner of all of Seller IP, free and clear of all Liens other than Permitted Liens which shall be discharged prior to the Closing Date.

  • Except for Licensed IP and OTS Software, all Seller IP has been (i) developed, created or invented by Seller's employees in the normal course of their employment or (ii) acquired by Seller from third parties pursuant to valid and enforceable acquisition agreements, assignments and/or work-for-hire agreements.

  • To this end, each party shall escalate any and all unresolved disputes or claims in accordance with this Section 10.2 at any time to persons responsible for the administration of the relationship reflected in this OTS Software License Agreement.

  • Except as disclosed on SCHEDULE 5.17(C), Seller obtained all OTS Software pursuant to a shrink-wrap, cling-wrap or similar agreement between licensor and Seller (each, an "OTS Software License").