Effect on Parent Clause Samples
Effect on Parent. Neither this Agreement nor the completion of the transactions contemplated by this Agreement will, by virtue of the Contracts entered into by the Company, result in any of the following to the extent that the following would not have occurred in the absence of this Agreement or the completion of the transactions contemplated by this Agreement: (i) Parent granting to any third party any right to any Intellectual Property Rights owned by or licensed to Parent; (ii) Parent becoming bound by or made subject to any non-compete or other restriction on the operation or scope of its businesses; or (iii) Parent being obligated to pay any royalties or other amounts to any third party in excess of those payable by Parent prior to the Closing.
Effect on Parent. During Parent's occupancy of any properties or facilities owned or leased at any time by Parent, neither Parent, nor to Parent's knowledge, any third party, has used, generated, manufactured, released or stored on, under or about such properties and facilities or transported to or from such properties and facilities any Hazardous Materials that would have or is reasonably likely to have a Material Adverse Effect on Parent. During the time that Parent or any of its subsidiaries has owned or leased the properties and facilities currently occupied by it or any properties and facilities previously occupied by Parent or any of its subsidiaries, there has been no material litigation, proceeding or administrative action brought or threatened against Parent or any of its subsidiaries, or any material settlement reached by Parent or any of its subsidiaries with, any party or parties alleging the presence, disposal, release or threatened release of any Hazardous Materials on, from or under any of such properties or facilities.
Effect on Parent. The assumption by the applicable Purchaser of the Transferred Contracts will not result in any of the following under any Transferred Contract to the extent that the following would not have occurred in the absence of this Agreement or the completion of the transactions contemplated by this Agreement: (i) the applicable Purchaser granting to any third party any right to any Intellectual Property Rights owned by or licensed to the applicable Purchaser other than rights to Business Intellectual Property already granted under the applicable Transferred Contract as of Closing; (ii) the applicable Purchaser becoming bound by or made subject to any non-compete or other restriction on the operation or scope of its businesses; or (iii) the applicable Purchaser being obligated to pay any royalties or any other amount to any third party in excess of those payable by the Seller and/or any Seller Affiliate prior to the Closing Date.
Effect on Parent. Except as expressly contemplated in this Agreement, neither this Agreement nor the completion of the transactions contemplated by this Agreement will result in any of the following as a result of activities or obligations of the Parent or Merger Sub to the extent that the following would not have occurred in the absence of this Agreement or the completion of the transactions contemplated by this Agreement: (i) Parent or Merger Sub granting to any third party any right to any Intellectual Property Rights owned by or licensed to Parent, or (ii) Parent becoming bound or made subject to any non-compete or other restriction on the operation or scope of its business.
Effect on Parent. Neither this Agreement nor the completion of the transactions contemplated by this Agreement will result in any of the following to the extent that the following would not have occurred in the absence of this Agreement or the completion of the transactions contemplated by this Agreement: (i) Parent becoming bound by or made subject to any non-compete restriction on the operation or scope of its businesses; or (ii) Parent being obligated to pay any royalties or other amounts to any third party in excess of those payable by Parent prior to the Closing.