Common use of Grant of Nonexclusive License Clause in Contracts

Grant of Nonexclusive License. Each Borrower hereby grants to the Agent a royalty free nonexclusive irrevocable license to use, apply, and affix any trademark, trade name, logo, or the like in which any Borrower now or hereafter has rights, such license being with respect to the Agent's exercise of the rights hereunder including, without limitation, in connection with any completion of the manufacture of Inventory or sale or other disposition of Inventory.

Appears in 4 contracts

Samples: Loan and Security Agreement (Drugmax Inc), Loan and Security Agreement (Jacobson Stores Inc), Loan and Security Agreement (Homebase Inc)

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Grant of Nonexclusive License. Each Borrower hereby grants to the Collateral Agent a royalty free nonexclusive irrevocable license to use, apply, and affix any trademark, trade name, logo, or the like in which any that Borrower now or hereafter has rights, such license being with respect to the Collateral Agent's exercise of the rights hereunder including, without limitation, in connection with any completion of the manufacture of Inventory or sale or other disposition of Inventory.

Appears in 2 contracts

Samples: Loan and Security Agreement (Mazel Stores Inc), Loan and Security Agreement (Mazel Stores Inc)

Grant of Nonexclusive License. Each The Borrower hereby grants to the Agent a royalty free nonexclusive irrevocable license license, after the occurrence and during the continuance of an Event of Default to use, apply, and affix any trademark, trade name, logo, or the like in which any the Borrower now or hereafter has rights, such license being with respect to the Agent's ’s exercise of the rights hereunder including, without limitation, in connection with any completion of the manufacture of Inventory or sale or other disposition of Inventory.

Appears in 2 contracts

Samples: Loan and Security Agreement (Hastings Entertainment Inc), Loan and Security Agreement (Hastings Entertainment Inc)

Grant of Nonexclusive License. Each Borrower hereby grants to the Collateral Agent a royalty free nonexclusive irrevocable license to use, apply, and affix any trademark, trade nametradename, logo, or the like in which any that Borrower now or hereafter has rights, such license being with respect to the Collateral Agent's exercise of the rights hereunder including, without limitation, in connection with any completion of the manufacture of Inventory or sale or other disposition of Inventory.

Appears in 2 contracts

Samples: Loan and Security Agreement (Homeplace of America Inc), Loan and Security Agreement (Baker J Inc)

Grant of Nonexclusive License. Each Except to the extent prohibited by the Borrower's contractual obligations, the Borrower hereby grants to the Agent a royalty free nonexclusive irrevocable license to use, apply, and affix any trademark, trade name, logo, or the like in which any the Borrower now or hereafter has rights, such license being with respect to the Agent's exercise of the rights hereunder including, without limitation, in connection with any completion of the manufacture of Inventory or sale or other disposition of Inventory.

Appears in 2 contracts

Samples: Loan and Security Agreement (Designs Inc), Loan and Security Agreement (Designs Inc)

Grant of Nonexclusive License. Each Borrower hereby grants to the Agent a royalty free nonexclusive irrevocable license to use, apply, and affix any trademark, trade name, logo, or the like in which any that Borrower now or hereafter has rights, such license being with respect to the Agent's exercise of the rights hereunder including, without limitation, in connection with any completion of the manufacture of Inventory or sale or other disposition of Inventory.

Appears in 1 contract

Samples: Loan and Security Agreement (Homebase Inc)

Grant of Nonexclusive License. Each Borrower hereby grants to the Agent a royalty free nonexclusive irrevocable license license, subject to the terms of any applicable licensing agreement, with any third party licensor, to use, apply, and affix any trademark, trade name, logo, or the like in which any the Borrower now or hereafter has rights, such license being with respect to the Agent's exercise of the rights hereunder including, without limitationhereunder, in connection with any completion of the manufacture of Inventory or sale or other disposition of Inventory.

Appears in 1 contract

Samples: Loan and Security Agreement (Lechters Inc)

Grant of Nonexclusive License. Each In addition to the rights granted to the Agents under Section 8.4 hereof, each Borrower hereby grants to the Agent a royalty free nonexclusive irrevocable license to use, apply, and affix any trademark, trade name, logo, or the like in which any that Borrower now or hereafter has rights, such license being with respect to the Agent's exercise of the rights hereunder including, without limitation, in connection with any completion of the manufacture of Inventory or sale or other disposition of Inventory.

Appears in 1 contract

Samples: Loan and Security Agreement (Duckwall Alco Stores Inc)

Grant of Nonexclusive License. Each Borrower hereby grants to the Agent a royalty free nonexclusive irrevocable license to (i) use, apply, and affix any trademark, trade name, logo, or the like in which any Borrower now or hereafter has rights, and/or (ii) use any of any Borrower's Equipment and Fixtures, such license being with respect to the Agent's exercise of the rights hereunder including, without limitation, in connection with any completion of the manufacture of Inventory or sale or other disposition of Inventory.

Appears in 1 contract

Samples: Loan and Security Agreement (Phar Mor Inc)

Grant of Nonexclusive License. Each Borrower The Borrowers hereby grants grant to the Agent a royalty free nonexclusive irrevocable license to use, apply, and affix any trademark, trade name, logo, or the like in which any Borrower the Borrowers now or hereafter has have rights, such license being with respect to the Agent's ’s exercise of the rights hereunder including, without limitation, in connection with any completion of the manufacture of Inventory or sale or other disposition of Inventory.

Appears in 1 contract

Samples: Loan and Security Agreement (Gander Mountain Co)

Grant of Nonexclusive License. Each Borrower hereby grants to the Administrative Agent a royalty free nonexclusive irrevocable license to use, apply, and affix any trademark, trade name, logo, logo or the like in which any Borrower now or hereafter has rights, such license being with respect to the Administrative Agent's exercise of the rights hereunder including, without limitation, in connection with any completion of the manufacture of Inventory or sale or other disposition of Inventory.

Appears in 1 contract

Samples: Jacobson Stores Inc

Grant of Nonexclusive License. Each Borrower and Guarantor hereby grants to the Agent a royalty free nonexclusive irrevocable license license, subject to the terms of any applicable licensing agreement, with any third party licensor, to use, apply, and affix any trademark, trade name, logo, or the like in which any the Borrower or Guarantor, as the case may be, now or hereafter has rights, such license being with respect to the Agent's exercise of the rights hereunder including, without limitationhereunder, in connection with any completion of the manufacture of Inventory or sale or other disposition of Inventory.

Appears in 1 contract

Samples: Loan and Security Agreement (Lechters Inc)

Grant of Nonexclusive License. Each Borrower hereby grants to the Collateral Agent a royalty free nonexclusive irrevocable license to use, apply, and affix any trademark, trade name, logo, or the like in which any Borrower now or hereafter has rights, such license being with respect to the Collateral Agent's exercise of the rights hereunder including, without limitation, in connection with any completion of the manufacture of Inventory or sale or other disposition of Inventory.

Appears in 1 contract

Samples: Security Agreement (Homebase Inc)

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Grant of Nonexclusive License. Each Borrower hereby grants to the Agent a royalty free nonexclusive irrevocable license to use, apply, and affix any trademark, trade name, logo, or the like in which any that Borrower now or hereafter has rights, such license being solely applicable with respect to the Agent's exercise of the rights hereunder under Articles 9:9-1 and 11: hereof, including, without limitation, in connection with any completion of the manufacture of Inventory or sale or other disposition of Inventory.connection

Appears in 1 contract

Samples: Sports Authority Inc /De/

Grant of Nonexclusive License. Each Borrower hereby grants to the Agent a royalty free nonexclusive irrevocable license to use, apply, and affix any trademark, trade name, logo, or the like in which any that Borrower now or hereafter has rights, such license being solely applicable with respect to the Agent's exercise of the rights hereunder under Articles 9-1 and 11 hereof, including, without limitation, in connection with any completion of the manufacture of Inventory or sale or other disposition of Inventory.

Appears in 1 contract

Samples: Loan and Security Agreement (Sports Authority Inc /De/)

Grant of Nonexclusive License. Each Borrower hereby grants to the Agent a royalty free nonexclusive irrevocable license license, subject to the terms of any applicable licensing agreement, with any third party licensor, to use, apply, and affix any trademark, trade name, logo, or the like in which any the Borrower now or hereafter has rights, such license being with respect to the Agent's exercise of the rights hereunder including, without limitationhereunder, in connection with any completion of the manufacture of Inventory or sale or other disposition of Inventory. 11.5.

Appears in 1 contract

Samples: Loan and Security Agreement (Lechters Inc)

Grant of Nonexclusive License. Each Borrower The Borrowers each hereby grants grant to the Agent a royalty free nonexclusive irrevocable license to use, apply, and affix any trademark, trade name, logo, or the like in which any Borrower the Borrowers now or hereafter has rights, such license being solely applicable with respect to the Agent's exercise of the rights hereunder under Articles 9 and 11 hereof including, without limitation, in connection with any completion of the manufacture of Inventory or sale or other disposition of Inventory.

Appears in 1 contract

Samples: Loan and Security Agreement (Sunglass Hut International Inc)

Grant of Nonexclusive License. Each The Borrower hereby grants to the Agent a royalty free nonexclusive irrevocable license to use, apply, and affix any trademark, trade nametradename, logo, or the like in which any the Borrower now or hereafter has rights, such license being with respect to the Agent's exercise of the rights hereunder including, without limitation, in connection with any completion of the manufacture of Inventory or sale or other disposition of Inventoryinventory.

Appears in 1 contract

Samples: Agreement (Harvard Bioscience Inc)

Grant of Nonexclusive License. Each The Borrower hereby grants to the Agent a royalty free nonexclusive irrevocable license license, after the occurrence of an Event of Default to use, apply, and affix any trademark, trade name, logo, or the like in which any the Borrower now or hereafter has rights, such license being with respect to the Agent's exercise of the rights hereunder including, without limitation, in connection with any completion of the manufacture of Inventory or sale or other disposition of Inventory.

Appears in 1 contract

Samples: Loan and Security Agreement (Hastings Entertainment Inc)

Grant of Nonexclusive License. Each Borrower hereby grants to the Agent a royalty free nonexclusive irrevocable license to use, apply, and affix any trademark, trade name, logo, or the like in which any Borrower now or hereafter has rightsrights (but excluding any such rights under the Disney License Agreement), such license being with respect to the Agent's exercise of the rights hereunder including, without limitation, in connection with any completion of the manufacture of Inventory or sale or other disposition of Inventory.

Appears in 1 contract

Samples: Loan and Security Agreement (Childrens Place Retail Stores Inc)

Grant of Nonexclusive License. Each The Borrower hereby grants to the Agent a royalty free nonexclusive irrevocable license to use, apply, and affix any trademark, trade name, logo, other intellectual property, or the like in which any the Borrower now or hereafter has rights, such license being with respect to the Agent's ’s exercise of the rights hereunder including, without limitation, in connection with any completion of the manufacture of Inventory or sale or other disposition of Inventory.

Appears in 1 contract

Samples: Loan and Security Agreement (RoomStore, Inc.)

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