Specified Licenses definition

Specified Licenses means the state and federal licenses set forth with particularity on Schedule B attached to the Second Amendment.

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Specified Licenses has the meaning set forth in Section 6.23.

Specified Licenses. “Specified Subsidiary”, Specified Subsidiaries”, “Specified Subsidiary Eliminations”, and “Trigger Period” and (b) amend and restate the following defined terms: “Applicable Margin”, “Maturity Date”, and “Trigger Event”, all of which are deemed inserted in their proper alphabetical order, as set forth below:

Examples of Specified Licenses in a sentence

The Specified Licenses of each Loan Party as of the Closing Date are listed on Schedule 6.23, and each of such Specified Licenses has the expiration date indicated on Schedule 6.23.
Each Loan Party shall, and shall cause each of their respective Subsidiaries to, comply in all material respects with all terms and conditions of all Specified Licenses, all federal, state and local laws, all rules, regulations and administrative orders of any Governmental Authority and all state and local commissions or authorities which are applicable to such Loan Party and/or their respective Subsidiaries or the use of the Specified Licenses.
Each Loan Party has been and is being operated in all material respects in accordance with the terms and conditions of the Specified Licenses applicable to it and the law, rules and regulations applicable to it.
Except as otherwise consented to in writing by the Administrator, the Company agrees to maintain each of the Specified Licenses in good standing and in full force and effect for so long as this Agreement remains in effect.
The Loan Parties have delivered to the Collateral Agent true and complete copies of all Specified Licenses (including any and all amendments and other modifications thereto), all pending applications relating thereto.
Upon the terms and subject to the conditions hereof, the Purchaser hereby assumes from the Seller all Liabilities arising with respect to the performance after the date hereof of the Specified Licenses, excluding any Liability resulting from any breach thereof by the Seller prior to the date hereof (collectively, the “Specified Liabilities”).
Each of the Specified Licenses (i) has no material pecuniary value, (ii) is not material to the ongoing business or operations of the Borrowers (or any of them) or any other Credit Party, (iii) if forfeited, surrendered, waived, lapsed or terminated, (a) will not cause or result in a violation by any Credit Party (or any holder of such Specified License), of any federal, state or local law, rule or regulation, and (b) will not impair, or diminish the value of the Collateral.
To the Knowledge of Burgundy, no other party to any Specified License is in breach of or in default under the terms of any Specified Licenses where such breach or default has had, or would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect on Spinco.
Within ninety (90) days (or such longer period as may be agreed to by the Required Holders acting in their reasonable discretion) of the Closing Date, the Loan Parties shall cause all Specified Licenses to be transferred to and held by a Specified License Subsidiary.
Upon receipt of any Monetization Revenues, the Company or the Collateral Agent, as the case may be, shall apply 86% of such Monetization Net Revenues to the payment of accrued and unpaid interest on, and then to repay outstanding principal of, and any fees with respect to, the Notes until all Note Obligations have been paid in full; provided that 100% of Monetization Net Revenues from the Specified Licenses shall be so applied.

More Definitions of Specified Licenses

Specified Licenses has the meaning ascribed to such term in Section 18.1 of this Agreement.

Specified Licenses means the licenses and agreements set forth on Schedule 3.

Specified Licenses shall have the meaning set forth in Section 6.13.

Specified Licenses means the licenses and agreements listed in Schedule 8.1(a)(6) of the Disclosure Letter.

Specified Licenses means the licenses and agreements listed in Schedule 8.1(a)(6) of the Disclosure Letter. “Subsidiaries” of a Person means any and all corporations, partnerships, limited liability companies, trusts and other entities, whether incorporated or unincorporated, with respect to which such Person, directly or indirectly, legally or beneficially, owns (i) a right to a majority of the profits of such entity or (ii) securities having the power to elect a majority of the board of directors or similar body governing the affairs of such entity. “Tax” or “Taxes” means all taxes, charges, fees, imposts, levies or other assessments, including all net income, franchise, profits, gross receipts, capital, sales, use, ad valorem, value added, transfer, transfer gains, inventory, capital stock, license, withholding, payroll, employment, social security, unemployment, excise, severance, stamp, occupation, real or personal property, and estimated taxes, customs duties, fees, assessments and charges of any kind whatsoever, together with any interest and any penalties, fines, additions to tax or additional amounts thereon, imposed by any taxing authority (federal, state, local or foreign) and shall include any successor or transferee liability in respect of Taxes. “Third Party IP Licenses” means any license or agreement pursuant to which Seller has licensed any intellectual property from a third party and which license or agreement is listed in Section 8.1(a)(5) of the Disclosure Letter.