Permitted Rights definition

Permitted Rights means, in respect of each Seller, any Affiliate of such Seller or a Connected Person of such Seller:
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Permitted Rights means the right to (i) in any Insolvency Proceeding, file a proof of claim or statement of interest with respect to the Revolving Loan Debt or the Term Loan Debt, as the case may be, (ii) take any action not otherwise in conflict with this Agreement to preserve or protect the validity and enforceability of any Liens, and (iii) file any necessary responsive or defensive pleading in opposition to any motion, claim or other pleading made by any Person objecting to or otherwise seeking the disallowance of the claims of any Secured Party, including any claims secured by the Collateral.
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Permitted Rights means (A) non-exclusive rights granted for a limited period of time by Target or a Subsidiary to a licensee or sublicensee to use Intellectual Property of Target as part of, or with, a product Target or such Subsidiary has sold or licensed to such licensee or sublicensee; or (B) rights retained by the joint owner of Intellectual Property of Target, who was identified as a joint owner in the Target Disclosure Letter, and such retained rights do not interfere with Target or any Subsidiary using, sublicensing or transferring its rights to or ownership of the Intellectual Property of Target.
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Examples of Permitted Rights in a sentence

  • Such Property is free and clear of all Liens and Rights of Others, other than Liens or Rights of Others described in Schedule 4.7 and Permitted Encumbrances, other encumbrances permitted pursuant to Section 6.9, and Permitted Rights of Others.

  • Such Property is free and clear of all Liens and Rights of Others, other than those described in Schedule 5.7 and Permitted Liens and Permitted Rights of Others.

  • Trustor shall pay when due each obligation secured by or reducible to a Lien, charge or encumbrance which now does or later may encumber or appear to encumber all or part of the Property or any interest in it, whether the Lien, charge or encumbrance is or would be senior or subordinate to this Deed of Trust, except any Permitted Encumbrances and Permitted Rights of Others.

  • The Company shall be permitted to create Permitted Rights over the Finnish Pledged Properties.

  • Such Property is free and clear of all Liens and Rights of Others, other than Liens or Rights of Others described in Schedule 4.7A and Permitted Encumbrances and Permitted Rights of Others.

  • Each of the Liens described in this Section are of first priority, subject only to Permitted Encumbrances, Permitted Rights of Others and matters described in Schedule 7.8.

  • Such Property is free and clear of all Liens and Rights of Others, other than Liens or Rights of Others described in Schedule 4.7A and Permitted Encumbrances, other encumbrances permitted pursuant to Section 6.9, and Permitted Rights of Others.

  • Trustor shall immediately ------------------------------- discharge any Lien on the Property which Beneficiary has not consented to in writing, except Permitted Encumbrances and Permitted Rights of Others.

  • Such Property is free and clear of all Liens and Rights of Others, other than Liens or Rights of Others described in Schedule 4.7 and Permitted Encumbrances and Permitted Rights of Others.

  • Procedures for Reserved and Permitted Rights and Approvals Landowners who elect to exercise reserved rights must notify the Foundation of their desire to do so and must obtain approval before proceeding.


More Definitions of Permitted Rights

Permitted Rights means preferred stock purchase rights issued by Parent pursuant to a customary shareholder rights plan authorized following the Closing Date and any preferred stock issued or issuable thereunder, so long as (i) the issuance thereof does not dilute the holders of the Shares in any manner disproportionate to the holders of the other shares of Common Stock and (ii) such rights and preferred stock are not (A) mandatorily redeemable, (B) subject to any other payment obligation (including any obligation to pay dividends) or (C) redeemable at the option of the holder thereof for cash or assets, in each case on or before the one-year anniversary following the Maturity Date.
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Permitted Rights means the rights of CDC's Co-Branded Web Site partners to sell their own inventory pursuant to CDC's agreements with such partners.
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Permitted Rights means the rights of Xxxxx.xxx's Co-Branded Web Site partners to sell their own inventory pursuant to Xxxxx.xxx's agreements with such partners.
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Related to Permitted Rights

  • Restricted rights, as used in this clause, means the rights of the Government in restricted computer software, as set forth in a Restricted Rights Notice of paragraph (g) if included in this clause, or as otherwise may be provided in a collateral agreement incorporated in and made part of this contract, including minor modifications of such computer software.

  • Related Rights has the meaning set forth in Section 1.1 of the Purchase and Sale Agreement.

  • Permitted Obligations mean (i) nonspeculative Hedging Obligations of any Person and its Subsidiaries arising in the ordinary course of business and in accordance with such Person’s established risk management policies that are designed to protect such Person against, among other things, fluctuations in interest rates or currency exchange rates and which in the case of agreements relating to interest rates shall have a notional amount no greater than the payments due with respect to the applicable obligations being hedged and (ii) Commodity Trading Obligations. For the avoidance of doubt, such transactions shall be considered nonspeculative if undertaken in conformance with FE’s Corporate Risk Management Policy then in effect, as approved by FE’s Audit Committee, together with the Approved Business Unit Risk Management Policies referenced thereunder.

  • Permitted Prior Liens means (a) Liens securing Priority Lien Obligations not exceeding the Priority Lien Cap, (b) Liens described in clauses (5), (6), (10) or (11) of the definition of "Permitted Liens" and (c) Liens that arise by operation of law and are not voluntarily granted, to the extent entitled by law to priority over the security interests created by the Security Documents.

  • Limited rights means the rights to use, modify, reproduce, release, perform, display, or disclose technical data, in whole or in part, within the Government. The Government may not, without the written permission of the party asserting limited rights, release or disclose the technical data outside the Government, use the technical data for manufacture, or authorize the technical data to be used by another party, except that the Government may reproduce, release, or disclose such data or authorize the use or reproduction of the data by persons outside the Government if—

  • Permitted Collateral Liens means (a) in the case of Collateral other than Mortgaged Property, the Liens permitted under Section 6.01 and (b) in the case of Mortgaged Property, “Permitted Collateral Liens” shall mean the Liens described in clauses (a), (c), (d), (g), (h), (o), (p) and (u) of Section 6.01.

  • Licensed Rights means the rights granted to You subject to the terms and conditions of this Public License, which are limited to all Copyright and Similar Rights that apply to Your use of the Licensed Material and that the Licensor has authority to license.

  • Permitted Contest means, with respect to any tax obligation or other obligation allegedly or potentially owing from any Borrower or its Subsidiary to any governmental tax authority or other third party, a contest maintained in good faith by appropriate proceedings promptly instituted and diligently conducted and with respect to which such reserve or other appropriate provision, if any, as shall be required in conformity with GAAP shall have been made on the books and records and financial statements of the applicable Credit Party(ies); provided, however, that (a) compliance with the obligation that is the subject of such contest is effectively stayed during such challenge; (b) Borrowers’ and its Subsidiaries’ title to, and its right to use, the Collateral is not adversely affected thereby and Agent’s Lien and priority on the Collateral are not adversely affected, altered or impaired thereby; (c) Borrowers have given prior written notice to Agent of a Borrower’s or its Subsidiary’s intent to so contest the obligation; (d) the Collateral or any part thereof or any interest therein shall not be in any danger of being sold, forfeited or lost by reason of such contest by Borrowers or its Subsidiaries; (e) Borrowers have given Agent notice of the commencement of such contest and upon request by Agent, from time to time, notice of the status of such contest by Borrowers and/or confirmation of the continuing satisfaction of this definition; and (f) upon a final determination of such contest, Borrowers and its Subsidiaries shall promptly comply with the requirements thereof.

  • Reserved Rights means all indemnities, including tax indemnities, liability insurance and the like to the extent that such right, title and interest in such indemnities or liability insurance proceeds have accrued in favor of Seller or the Owner Trustee (as defined below) prior to the Closing. Seller shall and does hereby also agree to assign to Purchaser, to the extent permitted by the terms thereof and by applicable law, all of Seller's rights, whether express or implied, under any vendor's or manufacturer's warranties, relating to the Equipment. Purchaser acknowledges and agrees that title to certain Equipment ("Trust Equipment" or "SPLP Equipment", as applicable) is held in, and the lessor of such Equipment is, one or more equipment trusts (in each case, an "Equipment Trust" or "Equipment Trusts") or special purpose limited partnerships (in each case, an "SPLP" or "SPLPs"), beneficial interests ("Beneficial Interests") in which trusts or limited partnerships are owned by Seller and legal title to which is held by an owner trustee (in each case, the "Owner Trustee") or the SPLP, as applicable.

  • Excluded Property shall have the meaning set forth in the Security Agreement.