By NeoMagic Sample Clauses

By NeoMagic. NeoMagic and NeoMagic Israel represent and warrant to Sony that, as of the Effective Date: (i) NeoMagic and its Affiliates own the entire right, title and interest in and to the Licensed Patents owned by NeoMagic or its Affiliates and the inventions disclosed and claimed therein; (ii) NeoMagic and its Affiliates have not entered into and shall not enter into any agreements that would prevent NeoMagic or its Affiliates from granting to Sony the rights, licenses, and privileges granted to Sony and its Affiliates under this Agreement; (iii) NeoMagic Corporation is a corporation duly formed, validly existing and in good standing under the laws of the State of Delaware; (iv) NeoMagic Israel is a corporation duly formed, validly existing and in good standing under the laws of the State of Israel; and (v) NeoMagic and NeoMagic Israel have all requisite corporate power and authority to execute, deliver and perform its obligations under this Agreement and that they have full power and authority to enter into this Agreement and to consummate the transactions contemplated herein.
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