Xicom definition
Examples of Xicom in a sentence
Except as set forth in Schedule 3.9, Xicom has not licensed its Intellectual Property to any third party (except for nonexclusive licenses under its standard license terms in the ordinary course), nor has it licensed or purchased any Intellectual Property from any third party under any arrangement requiring continuing royalty, license or other payments exceeding $50,000.
Xicom has provided Radyne with an audited balance sheet of Xicom (the “October Balance Sheet”), dated as of October 3, 2004 (the “Balance Sheet Date”), and statements of profit and loss, and cash flows for the periods then ended (together, the “Financial Statements”).
The copies of Xicom’s Articles of Incorporation and Bylaws which have been furnished by Xicom to Radyne prior to the date of this Agreement reflect all amendments made thereto and are correct and complete.
At any time prior to the Effective Time, Radyne or Merger Sub may extend the time for the performance of any of the obligations or other acts of any other party hereto and Xicom may extend the time for performance of any of the obligations of Radyne or Merger Sub.
Xicom has taken commercially reasonable action necessary to protect its Intellectual Property.
To Xicom’s Knowledge, its employees are not obligated under any contract (including licenses, covenants or commitments of any nature), or subject to any judgment, decree or order of any court or administrative agency, that would interfere with their duties to Xicom or that would conflict with Xicom’s business as now conducted.
Xicom has delivered to Radyne complete and accurate copies of all equipment leases.
Further, Radyne shall not be obligated to indemnify the Xicom Shareholders or any of their agents to the extent that any Loss, alone or when aggregated with other Losses, exceeds the Indemnity Ceiling.
Subject to any claims made by Radyne, the Escrow Amount will be released to the Xicom Shareholders on the second anniversary of the Closing.
Xicom has delivered to Radyne complete and accurate copies of each of the leases and none of such leases has been modified in any respect, except to the extent that such modifications are disclosed by the copies delivered to Radyne.