Requisite Rights definition

Requisite Rights has the meaning set forth in Section 4.11(a).

Requisite Rights has the meaning set forth in Section 4.12(a)(i). ----------------

Requisite Rights has the meaning ascribed thereto in Section 3.11.

Examples of Requisite Rights in a sentence

• To the Company's knowledge, each ---------------- of the patents comprising the owned or licensed Requisite Rights is valid and enforceable.

• Except as set forth on Schedule 3.6, no royalties, honoraria, fees or other amounts are payable by the Company to any third party by reason of the ownership, use, sale or license of the Requisite Rights.

• The Company owns, or is licensed or otherwise has ------------------ the full and exclusive rights to use, sell and license, all Proprietary Rights used in or necessary for the conduct of its business as heretofore conducted, and as presently contemplated to be conducted, all of which are listed on Schedule 3.6 hereto (the "Requisite Rights").

• There is no pending or, to the best of the Company's knowledge, threatened claim or litigation against the Company contesting the validity or right to use any of the Requisite Rights, nor does there exist any basis therefor.

• The Company will, and will cause each of its Subsidiaries to, maintain, preserve and renew all of its Permits and take all action reasonably necessary or material to obtain, preserve, defend, renew and extend all Permits and Proprietary Rights (including, without limitation, the Requisite Rights) which are necessary or material to the conduct of the business.

More Definitions of Requisite Rights

Requisite Rights shall have the meaning assigned thereto in Section 3.16(a) of this Agreement.

Requisite Rights means, collectively, the Owned Requisite Rights and the Licensed Requisite Rights.

Requisite Rights means the Intellectual Property Rights of Sellers listed on Schedule 3.1(i)(i)(a) together with all other Intellectual Property owned or possessed by Sellers that is used or held for use in the Business as presently conducted and as proposed to be conducted. Except as set forth or disclosed (or cross-referenced) in Schedule 3.1(i)(i)(b):

Requisite Rights means Intellectual Property Rights used in the conduct of Elite’s business as presently conducted.

Requisite Rights has the meaning set forth in Section 2.11(a) hereof.

Requisite Rights has the meaning set forth in SECTION 4.11(A) of this Agreement. "SECURITIES ACT" means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder. "SECURITY AGREEMENT" means that certain Security Agreement of an even date herewith by and among the Company and the Purchaser, attached hereto as EXHIBIT B, granting the Purchaser a security interest in the Collateral. "STOCK EQUIVALENTS" means any security or obligation which is by its terms convertible into or exchangeable for shares of Common Stock or any other Capital Stock or securities of the Company, and any option, warrant or other subscription or purchase right with respect to Common Stock or such other Capital Stock or securities. "SUBSIDIARIES" of a corporation means each Person as to which such corporation directly or indirectly owns or has the power to vote, or to exercise a controlling influence with respect to, fifty percent (50%) or more of the securities of any class of such Person, the holders of which are ordinarily, in the absence of contingencies, entitled to vote for the election of directors (or Persons performing similar functions) of such Person. "TAX" or "TAXES" means any federal, state, county, local, foreign and other taxes, including, without limitation, income taxes, estimated taxes, excise taxes, sales taxes, use taxes, gross receipts taxes, franchise taxes, employment and payroll related taxes, property taxes and import duties, whether or not measured in whole or in part by net income. "TRANSACTION DOCUMENTS" means collectively, this Agreement, the Note, the Warrant and the Security Agreement. "WARRANT" means that certain warrant in the name of Purchaser to purchase 2,000,000 shares of Common Stock at $0.20 per share expiring December 22, 2007. 2.

Requisite Rights is defined in Section 5.13 (b).