Common use of Design License Conditions Clause in Contracts

Design License Conditions. (i) Novatel Wireless ceases doing business or exits the business of developing and manufacturing all of the Products; (ii) All or substantially all of the assets of Novatel Wireless are transferred to an assignee for the benefit of creditors, to a receiver or to a trustee in bankruptcy.

Appears in 2 contracts

Sources: Product Purchase and License Agreement (Novatel Wireless Inc), Product Purchase and License Agreement (Novatel Wireless Inc)