WRONG POCKETS definition

WRONG POCKETS. (A) If either party discovers that any of the Business IPR or Company IPR has been used exclusively by a member of the Vendor's Group in the twelve months prior to Completion other than in connection with the Transferring Business, or has never been used prior to Completion in connection with the Transferring Business (and for these purposes use includes use for research, development or commercially or any of them), the Purchaser agrees to procure, at the Vendor's cost, that such Intellectual Property is transferred to the Vendor or a company nominated by the Vendor for nominal consideration as soon as reasonably practicable.
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WRONG POCKETS. Assets Covenant. Following the Closing, in the event that any assets, including mail, payment of receivables or other communications, used in or relating to the Companies, the Business or the Purchased Assets, have not, but should have, been included in the Purchased Assets or conveyed at Closing (“Omitted Assets”), Seller shall transfer, or cause to be transferred, such Omitted Assets to Purchaser or its designated assignee. Pending such transfer, Seller shall hold such Omitted Assets and provide to Purchaser or its designated assignee all of the benefits (including any amounts paid to Seller or its Affiliates in respect thereof) associated with the ownership thereof, and Seller shall cause such Omitted Assets to be used or retained as may be reasonably instructed by Purchaser.
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Examples of WRONG POCKETS in a sentence

  • SOLVING THE WRONG POCKETS PROBLEMOutcomes funds drastically reduce the time and cost it takes to put together outcomes-based contracts.

Related to WRONG POCKETS

  • Metering Point means, for meters that do not use instrument transformers, the point at which the billing meter is connected. For meters that use instrument transformers, the point at which the instrument transformers are connected.

  • Routine patient care costs means Covered Medical Expenses which are typically provided absent a clinical trial and not otherwise excluded under the Policy. Routine patient care costs do not include:

  • Service Switching Point (SSP) is a telephone central office switch equipped with a Signaling System 7 (SS7) interface.

  • COGS means the cost of goods sold as determined in accordance with U.S.GAAP;

  • Service Switching Point (SSP means the telephone Central Office Switch equipped with a Signaling System 7 (SS7) interface.

  • Licensed Material means the artistic or literary work, database, or other material to which the Licensor applied this Public License.

  • Adult entertainment means any exhibition of any adult-oriented: motion pictures, live performance, computer or CD Rom generated images, displays of adult-oriented images or performances derived or taken from the internet, displays or dance of any type, which has a substantial portion of such performance any actual or simulated performance of specified sexual activities or exhibition and viewing of specified anatomical areas, removal or partial removal of articles of clothing or appearing unclothed, pantomime, modeling, or any other personal service offered customers.