Common use of Franchises, Intellectual Property, Etc Clause in Contracts

Franchises, Intellectual Property, Etc. Each of the Borrower and its Subsidiaries possesses or has the right to use all franchises, Intellectual Property, licenses and other rights, in each case that are material and necessary for the conduct of its business, with no known conflict with the valid rights of others which could reasonably be expected to have a Material Adverse Effect. No event has occurred which permits or, to the best knowledge of the Borrower, after notice or the lapse of time or both, or any other condition, could reasonably be expected to permit, the revocation or termination of any such franchise, Intellectual Property, license or other right and which revocation or termination could reasonably be expected to have a Material Adverse Effect.

Franchises, Intellectual Property, Etc. Each of the Borrower and its Subsidiaries possesses or has the right to use all franchises, Intellectual Property, licenses and other rights, in each case that rights as are material and necessary for the conduct of its business, and with respect to which it is in compliance, with no known conflict with the valid rights of others which could reasonably be expected to have a Material Adverse Effect. No event has occurred which permits or, to the best knowledge of the Borrower, after notice or the lapse of time or both, or any other condition, could reasonably be expected to permit, the revocation or termination of any such franchise, Intellectual Property, license or other right and which revocation or termination could reasonably be expected to have a Material Adverse Effect.

Franchises, Intellectual Property, Etc. Each of the The Borrower and its Subsidiaries each Subsidiary possesses or has the right to use all franchises, Intellectual Property, Property and licenses and other rights, in each case that are material and necessary for the conduct of its business, with no known conflict with and to the knowledge of the Borrower and the Subsidiaries, such franchises, Intellectual Property or licenses do not infringe upon the valid rights of others which in a manner that could reasonably be expected to have a Material Adverse Effecteffect. No event has occurred which that permits or, to the best knowledge of the Borrower, after notice or the lapse of time or both, or any other condition, could reasonably be expected to permit, the revocation or termination of any rights to such franchisefranchises, Intellectual PropertyProperty or licenses, license or other right and which revocation or termination could reasonably be expected to have a Material material Adverse Effecteffect.