Common use of Grant of License to Delta Improved Imminent IP Clause in Contracts

Grant of License to Delta Improved Imminent IP. Delta hereby grants to Ultra a non-exclusive, perpetual, non-transferrable, non-assignable, royalty-free, fully paid-up right and license to access, use, copy, make Improvements to and sublicense to end users, any Ultra Subsidiary and any Contractor, any Delta Improved Imminent Ultra IP conceived, created, developed or reduced to practice during the Term. During the Term, this license to Delta Improved Imminent IP License shall be limited solely to outside the Delta Field.

Grant of License to Delta Improved Imminent IP. Delta hereby grants to Ultra a non-exclusive, perpetual, non-transferrable, non-assignable, royalty-free, fully paid-up right and license to access, use, copy, make Improvements to and sublicense to end users, any Ultra Subsidiary and any Contractor, any Delta Improved Imminent Ultra IP conceived, created, developed or reduced to practice during the TermIP. During the Term, this license to Delta Improved Imminent IP License shall be limited solely to outside the Delta Field.