Common use of Permitted Sublicensees Clause in Contracts

Permitted Sublicensees. Kyocera shall be permitted to grant sublicenses of the foregoing license rights under Sections 2.1 and 2.2 above solely to its Permitted Sublicensees, provided that (a) each such sublicense shall be pursuant to a written agreement between Kyocera and the Permitted Sublicensee, which written agreement shall obligate the Permitted Sublicensee to abide by the scope of license and other provisions of this Agreement that are applicable to Permitted Sublicensees; (b) in addition to its other rights or remedies hereunder, Universal Display shall be expressly identified in the written sublicense agreement as a third-party beneficiary thereof, entitled to enforce the scope of license and other applicable provisions of this Agreement directly against the Permitted Sublicensee; (c) Kyocera shall identify the name and business address of each such Permitted Sublicensee to Universal Display in writing promptly following its entry into a written sublicense agreement with the Permitted Sublicensee; and (d) Kyocera shall use its best efforts to cause each Permitted Sublicensee abide by the scope of license and other applicable provisions of this Agreement. As used herein, “Permitted Sublicensees” shall be limited to direct or indirect wholly-owned subsidiaries of Kyocera or its parent corporation, which entities do not have, and are not Affiliates of entities (other than Kyocera) that have, their own OLED programs. Such entities shall be Permitted Sublicensees only for so long as they continue to satisfy the foregoing requirements.

Permitted Sublicensees. Kyocera Konica Minolta shall be permitted to grant sublicenses of the foregoing license rights under Sections 2.1 and 2.2 above solely to its Permitted Sublicensees, provided that (a) each such sublicense shall be pursuant to a written agreement between Kyocera Konica Minolta and the Permitted Sublicensee, which written agreement shall obligate the Permitted Sublicensee to abide by the scope of license and other applicable provisions of this Agreement that are applicable to Permitted SublicenseesAgreement; (b) in addition to its other rights or remedies hereunder, Universal Display shall be expressly identified in the written sublicense agreement as a third-party beneficiary thereof, entitled to enforce the scope of license and other applicable provisions of this Agreement directly against the Permitted Sublicensee; (c) Kyocera Konica Minolta shall identify the name and business address of each such Permitted Sublicensee to Universal Display in writing promptly following its entry into a written sublicense agreement with the Permitted Sublicensee; and (d) Kyocera Konica Minolta shall use its best efforts to cause each Permitted Sublicensee abide by the scope of license and other applicable provisions of this Agreement. As used herein, “Permitted Sublicensees” shall be limited to direct or indirect wholly-owned subsidiaries of Kyocera include (1) entities in which Konica Minolta Technology Center, Inc., or its parent corporationparent, Konica Minolta Holdings, Inc., has an ownership or other similar controlling interest of eighty percent (80%) or more, which entities do not have, and are not Affiliates of entities (other than KyoceraKonica Minolta) that have, their own separate OLED programs. Such entities shall be Permitted Sublicensees development programs or businesses, but only for so long as they such conditions continue to satisfy be Konica Minolta/Universal Display Confidential 2.3 satisfied; and (2) [The confidential material contained herein has been omitted and has been separately filed with the foregoing requirementsCommission.].