Common use of Development Tools Clause in Contracts

Development Tools. Schedule 5.20 contains a complete list of all software development tools used or intended to be used by the Company in the development of any of the Products, except for any such tools that are generally available and are used in their generally available form (such as standard compilers) (the "Development Tools"). Schedule 5.20 also sets forth, for each Development Tool: (i) for any Development Tool not entirely developed internally by the Company employees, the identity of the independent contractors and consultants involved in such development and a list of the agreements with such independent contractors and consultants; (ii) a list of any third parties with any rights to receive royalties or other payments with respect to such Development Tool, and a schedule of all such royalties payable; (iii) a list of any restrictions on the Company's unrestricted right to use and distribute such Development Tool; and (iv) a list of all agreements between the Company and third parties for the use by such third party of such Development Tool. The Company has sufficient right, title and interest in and to the Development Tools for the conduct of its business as currently conducted and as proposed to be conducted.

Appears in 2 contracts

Samples: Agreement of Merger (THQ Inc), Agreement of Merger (THQ Inc)

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Development Tools. Schedule 5.20 contains a complete list of all software development tools used or intended to be used by the Company in the development of any of the Products, except for any such tools that are generally available and are used in their generally available form (such as standard compilers) (the "Development Tools"). Schedule 5.20 also sets forth, for each Development Tool: (i) for any Development Tool not entirely developed internally by the Company employees, the identity of the independent contractors and consultants involved in such development and a list of the agreements with such independent contractors and consultants; (ii) a list of any third parties with any rights to receive royalties or other payments with respect to such Development Tool, and a schedule of all such royalties payable; (iii) a list of any restrictions on the Company's unrestricted right to use and distribute such Development Tool; and (iv) a list of all agreements between the Company and third parties for the use by such third party of such Development Tool. The Company has sufficient right, title and interest in and to the Development Tools for the conduct of its business as currently conducted and as proposed to be conducted.

Appears in 2 contracts

Samples: Agreement of Merger (THQ Inc), Agreement of Merger (THQ Inc)

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