Adverse Occurrences. There shall not have occurred any event or act, whether or not under the control of Seller, which in Purchaser's reasonable discretion has a material adverse effect on the value of the Technology, including but not limited to the discovery of any design or operational defect in the cancellation of key Contracts, receipt of a claim that the use of the Technology infringes the intellectual property rights of any third party or any event adversely affecting the goodwill associated with the Trademarks.
Appears in 2 contracts
Sources: Agreement of Purchase and Sale and Exclusive Licensing of Technology (Americom Usa Inc), Agreement of Purchase and Sale and Exclusive Licensing of Technology (Americom Usa Inc)