Common use of GRANT OF LICENSE TO USE INTELLECTUAL PROPERTY COLLATERAL Clause in Contracts

GRANT OF LICENSE TO USE INTELLECTUAL PROPERTY COLLATERAL. For the purpose of enabling Investors to exercise rights and remedies under Section 7 hereof (including, without limiting the terms of Section 7 hereof, in order to take possession of, hold, preserve, process, assemble, prepare for sale, market for sale, sell or otherwise dispose of Collateral) at such time as Investors shall be lawfully entitled to exercise such rights and remedies, each Grantor hereby grants to Investors, to the extent that it may lawfully do so, for the benefit of Investors, an irrevocable, nonexclusive license (exercisable without payment of royalty or other compensation to such Grantor) to use, license or sublicense any Intellectual Property now owned or hereafter acquired by such Grantor, and wherever the same may be located, and including in such license access to all media in which any of the licensed items may be recorded or stored and to all computer software and programs used for the compilation or printout thereof.

GRANT OF LICENSE TO USE INTELLECTUAL PROPERTY COLLATERAL. For the purpose of enabling Investors First Lien Agent to exercise rights and remedies under Section 7 10 hereof (including, without limiting the terms of Section 7 10 hereof, in order to take possession of, hold, preserve, process, assemble, prepare for sale, market for sale, sell or otherwise dispose of Collateral) at such time as Investors First Lien Agent shall be lawfully entitled to exercise such rights and remedies, each the Grantor hereby grants to Investors, to the extent that it may lawfully do soFirst Lien Agent, for the benefit of InvestorsSenior Note Purchasers, an irrevocable, nonexclusive license (exercisable without payment of royalty or other compensation to such the Grantor) to use, use or license or sublicense any Intellectual Property now owned or hereafter acquired by such Grantor, the Grantor and use commercially reasonable efforts to sublicense any hereafter acquired Intellectual Property and wherever the same may be located, and including in such license access to all media in which any of the licensed items may be recorded or stored and to all computer software and programs used for the compilation or printout thereof.

GRANT OF LICENSE TO USE INTELLECTUAL PROPERTY COLLATERAL. For the purpose of enabling Investors Second Lien Agent to exercise rights and remedies under Section 7 10 hereof (including, without limiting the terms of Section 7 10 hereof, in order to take possession of, hold, preserve, process, assemble, prepare for sale, market for sale, sell or otherwise dispose of Collateral) at such time as Investors Second Lien Agent shall be lawfully entitled to exercise such rights and remedies, each the Grantor hereby grants to Investors, to the extent that it may lawfully do soSecond Lien Agent, for the benefit of InvestorsSubordinated Note Purchasers, an irrevocable, nonexclusive license (exercisable without payment of royalty or other compensation to such the Grantor) to use, use or license or sublicense any Intellectual Property now owned or hereafter acquired by such Grantor, the Grantor and use commercially reasonable efforts to sublicense any hereafter acquired Intellectual Property and wherever the same may be located, and including in such license access to all media in which any of the licensed items may be recorded or stored and to all computer software and programs used for the compilation or printout thereof.

GRANT OF LICENSE TO USE INTELLECTUAL PROPERTY COLLATERAL. For the purpose of enabling Investors Collateral Agent to exercise rights and remedies under Section 7 hereof (including, without limiting the terms of Section 7 hereof, in order to take possession of, hold, preserve, process, assemble, prepare for sale, market for sale, sell or otherwise dispose of Collateral) at such time as Investors Collateral Agent shall be lawfully entitled to exercise such rights and remedies, each Grantor hereby grants to InvestorsCollateral Agent, to the extent that it may lawfully do so, for the benefit of Collateral Agent and Investors, an irrevocable, nonexclusive license (exercisable without payment of royalty or other compensation to such Grantor) to use, license or sublicense any Intellectual Property now owned or hereafter acquired by such Grantor, and wherever the same may be located, and including in such license access to all media in which any of the licensed items may be recorded or stored and to all computer software and programs used for the compilation or printout thereof.