SNI definition
Examples of SNI in a sentence
The Vendor and SNI owns all right, title and interest in and to, or have validly licensed (and are not in breach of such licenses) all material Intellectual Property Rights in the IP Assets.
All Intellectual Property Rights in the IP Assets owned or leased by the Vendor or SNI, as the case may be, are valid and enforceable and the carrying on of the operations concerning the Business and the use by the Vendor or SNI of any such Intellectual Property Rights or Technology (as defined below) owned by or licensed by it does not breach, violate, infringe or interfere with any rights of any other Person.
The Purchaser acknowledges and agrees that the Vendor and SNI have entered into this Agreement relying on the warranties and representations, covenants and other terms and conditions of this Agreement provided that in no event will the Purchaser have any liability to the Vendor with respect to a breach of a representation, covenant or other term and condition of this Agreement that the Vendor was aware of before the Closing Time.
The Vendor owns the SNI Shares free and clear of all Encumbrances other than any restrictions on transfer contained in the constating documents of SNI.
All such Intellectual Property Rights that are owned by or licensed to the Vendor or SNI, as the case may be, are sufficient, in all material respects, for conducting the operations concerning the Business.