Common use of Intellectual Property and Computer Assets Clause in Contracts

Intellectual Property and Computer Assets. (a) Except as would not singly or in the aggregate have a Material Adverse Effect, each Assignor owns all right, title and interest in, or has valid and subsisting license rights sufficient to use and to continue to use, all Intellectual Property principally used in the conduct of the Business as currently conducted by each Assignor. All Intellectual Property necessary for the conduct of the Business as described in the Prospectus (other than the intellectual property included in the Excluded Assets) is being transferred or licensed to Assignee hereunder. Except as would not singly or in the aggregate have a Material Adverse Effect, all Intellectual Property is free and clear of any and all Liens.

Intellectual Property and Computer Assets. (a) Except as would not singly or in the aggregate have a Material Adverse Effect, each the Assignor (or an affiliate of the Assignor) owns all right, title and interest in, or has valid and subsisting license licence rights sufficient to use and to continue to use, all Intellectual Property principally used in the conduct of the Business as currently conducted by each the Assignor. All Intellectual Property necessary for the conduct of the Business as described in the Prospectus (other than the intellectual property included in the Excluded Assets) is being transferred or licensed to the Assignee hereunder. Except as would not singly or in the aggregate have a Material Adverse Effect, all Intellectual Property is free and clear of any and all Liens.