Requisite Licenses definition

Requisite Licenses has the meaning assigned to that term in Section 6.1.
View Source
Requisite Licenses is defined in Section 11.9.
View Source
Requisite Licenses has the meaning set forth in Section 2.11(b).
View Source

Examples of Requisite Licenses in a sentence

  • Buyer shall be reasonably satisfied that, as of the Closing Date, it shall have obtained with respect to each of the Store Properties the "Requisite Licenses" (as defined below) required to operate such Store Property substantially in the manner in which it has heretofore been operated, in compliance with applicable Laws; provided, that this condition will be deemed fulfilled if Buyer has the Requisite Licenses for no fewer than 24 Store Properties in the aggregate.


More Definitions of Requisite Licenses

Requisite Licenses for any Store Property means (i) the pharmacy permits and licenses required to operate the pharmacy in such Store Property (where applicable) and (ii) at least two of the (x) liquor, (y) food stamp and (z) "WIC" licenses or permits required to operate such Store Property.
View Source

Related to Requisite Licenses

  • Licenses means all licenses, permits, approvals, orders, authorizations, registrations, findings of suitability, franchises, exemptions, waivers and entitlements issued by a Governmental Authority required for, or relating to, the conduct of the Business.

  • Requisite Regulatory Approvals has the meaning set forth in Section 7.01(b).

  • Trade Secret Licenses means any and all agreements providing for the granting of any right in or to Trade Secrets (whether such Grantor is licensee or licensor thereunder).

  • Company IP Licenses (other than “shrink wrap,” “click wrap,” and “off the shelf” software agreements and other agreements for Software commercially available on reasonable terms to the public generally with license, maintenance, support and other fees of less than $5,000 per year (collectively, “Off-the-Shelf Software Agreements”), which are not required to be listed, although such licenses are “Company IP Licenses” as that term is used herein), under which a Target Company is a licensee or otherwise is authorized to use or practice any Intellectual Property, and describes (A) the applicable Intellectual Property licensed, sublicensed or used and (B) any royalties, license fees or other compensation due from a Target Company, if any. Each Target Company owns, free and clear of all Liens (other than Permitted Liens), has valid and enforceable rights in, and has the unrestricted right to use, sell, license, transfer or assign, all Intellectual Property currently used, licensed or held for use by such Target Company, and previously used or licensed by such Target Company, except for the Intellectual Property that is the subject of the Company IP Licenses. For each Patent and Patent application in the Company Registered IP, the Target Companies have obtained valid assignments of inventions from each inventor. Except as set forth on Schedule 4.13(a)(iii), all Company Registered IP is owned exclusively by the applicable Target Company without obligation to pay royalties, licensing fees or other fees, or otherwise account to any third party with respect to such Company Registered IP.

  • IP Licenses shall have the meaning set forth in Section 3.12(a) hereof.