Common use of Licensing Procedure Clause in Contracts

Licensing Procedure. Seller grants Purchaser a non-exclusive license to use the software and hardware supplied under this Agreement for operating, maintaining and repairing the Facility. Purchaser shall have no right to the source code; provided, however in the event Seller or Seller’s Vendor discontinues maintenance of such software, Seller shall on a best efforts basis attempt to obtain such source code for Purchaser. The non-exclusive license granted herein to Purchaser may transferred by Purchaser (and Purchaser's operator for the sole purpose of operating the Facility), Lender(s), or successor owners of the Facility. Seller and/or their licensors shall at all times remain owners of the software/firmware licensed. ARTICLE

Appears in 2 contracts

Sources: Power Transformer Purchase Agreement, Power Transformer Purchase Agreement