Station IP definition
Examples of Station IP in a sentence
To Emmis’ Knowledge, there is not currently any material unauthorized use, infringement or misappropriation or other violation of any Owned Station IP by any Person, including, to Emmis’ Knowledge, any employee or former employee of Emmis.
No Owned Station IP is subject to any Order, and no claim or Proceeding is pending (or to Emmis’ Knowledge, threatened) that challenges, the legality, validity, enforceability, use or ownership of any Owned Station IP.
The execution and delivery of this Agreement by Emmis, and the consummation of the transactions contemplated by this Agreement, will not cause Emmis to be in violation or default in any material respect under any licenses for Licensed Station IP, any Licenses Out, or any Talent Agreements, nor entitle any other party to any such Contract to terminate or modify in any material respect such Contract.
The Parties acknowledge that Owner has a temporary, non-exclusive, royalty-free license to use the Station IP during the Operating Term and the Transition Period, pursuant and subject to the License Agreement.
To the knowledge of the Entravision Parties, none of the Station IP infringes on, misappropriates, breaches, or violates in any material respect the Intellectual Property or other rights of, or defames in any material respect, any Person, and, to the knowledge of the Entravision Parties, no Intellectual Property of any Person has been misappropriated in any material respect.
All Owned Station IP and all Licensed Station IP and Talent Agreements listed on Schedule Section 2.1(b)(v) are included in the Station Intellectual Property, except that which is “de minimis”.
The underlying collateral for the Total Advances made to the Company under the terms of this Agreement shall be existing and future accounts receivable, inventory, purchase orders, and the intellectual property related to the Work Station Product Line ("Work Station IP") and the UltraLight product line ("UltraLight IP").
The underlying collateral for the Total Advances made to the Company under the terms of this Expanded Facility Agreement shall be existing and future accounts receivable, inventory, purchase orders, and the intellectual property related to the Work Station Product Line ("Work Station IP") and the UltraLight product line ("UltraLight IP") and the worldwide manufacturing and marketing rights to the Infant Lasette (also known as the "Heelstick") ("Infant Lasette M/D Rights").
The lien granted on the Work Station IP of the Company shall operate solely as a preference upon liquidation and the Lender shall not without the consent of the Company or an order from a court of competent jurisdiction be entitled to seize the Work Station IP and sell or license same as a remedy for any default hereunder.
The lien granted on the Work Station IP, UltraLight IP and Infant Lasette M/D Rights shall entitle the Lender in the event of default hereunder, in the exercise of its reasonable commercial judgment, to sell or license the Work Station IP, the UltraLight IP and/or the Infant Lasette M/D Rights.