Seismic Data and Information definition
Examples of Seismic Data and Information in a sentence
Buyer hereby grants to Carrizo and its wholly-owned Affiliates, effective from and after the Closing Date, a royalty-free perpetual license, without restriction, of all Seismic Data and Information that, immediately before the Closing, was owned (but not licensed from a Third Party) by Seller or its Affiliate.
Such Seismic Data and Information shall be transferable only to Purchaser’s Affiliates.
Sellers hereby grant to Purchaser, effective from and after the Closing Date, a royalty-free 20-year non-transferable (except to an Affiliate of Purchaser) license of all Seismic Data and Information owned by Sellers (or which is in any Sellers’ possession and may be partially assigned without third party consent or expenditures beyond tape copying costs and expenses) to the extent that such data cover the Lands.