Common use of Intellectual Property License Clause in Contracts

Intellectual Property License. For the purpose of enabling Lender, following the occurrence of any unwaived Event of Default, to exercise rights and remedies under Article 15 hereof at such time as Lender shall be lawfully entitled to exercise such rights and remedies, and for no other purpose, Grantor hereby grants to Lender, to the extent of Grantor’s rights and effective only upon the occurrence of any unwaived Event of Default, an irrevocable, non-exclusive license, subject, in the case of Trademarks, to sufficient rights to quality control and inspection in favor of Grantor to avoid the risk of invalidation of such Trademarks, to use and sublicense any of the Intellectual Property Collateral then owned by or licensed to Grantor. Such license shall include access to all devices, products and media in which any of the Intellectual Property Collateral is embodied, embedded, recorded or stored and to all computer programs used for the compilation or maintenance or printout thereof.

Intellectual Property License. For the purpose of enabling Lenderthe Purchaser, following during the occurrence continuance of any unwaived an Event of Default, to exercise rights and remedies under Article 15 VIII hereof at such time as Lender the Purchaser shall be lawfully entitled to exercise such rights and remedies, and for no other purpose, each Grantor hereby grants to Lenderthe Purchaser, to the extent of such Grantor’s rights and effective only upon during the occurrence continuance of any unwaived an Event of Default, an irrevocable, non-exclusive license, subject, in the case of Trademarks, to sufficient rights to quality control and inspection in favor of such Grantor to avoid the risk of invalidation of such Trademarks, to use and sublicense any of the Intellectual Property Collateral then owned by or licensed to such Grantor. Such license shall include access to all devices, products and media in which any of the Intellectual Property Collateral is embodied, embedded, recorded or stored and to all computer programs used for the compilation or maintenance or printout thereofhereof.

Intellectual Property License. For the purpose of enabling Lenderthe Collateral Agent, following during the occurrence continuance of any unwaived an Event of Default, to exercise rights and remedies under Article 15 7 hereof at such time as Lender the Collateral Agent shall be lawfully entitled to exercise such rights and remedies, and for no other purpose, each Grantor hereby grants to Lenderthe Collateral Agent, to the extent of such Grantor’s 's rights and effective only upon during the occurrence continuance of any unwaived an Event of Default, an irrevocable, non-exclusive license, subject, in the case of Trademarks, to sufficient rights to quality control and inspection in favor of such Grantor to avoid the risk of invalidation of such Trademarks, to use and sublicense any of the Intellectual Property Collateral then owned by or licensed to such Grantor. Such license shall include access to all devices, products and media in which any of the Intellectual Property Collateral is embodied, embedded, recorded or stored and to all computer programs used for the compilation or maintenance or printout thereofhereof.

Intellectual Property License. For the purpose of enabling Lenderthe Collateral Agent, following the occurrence of any unwaived after an Event of DefaultDefault has occurred, to exercise rights and remedies under Article 15 ARTICLE VIII hereof at such time as Lender the Collateral Agent shall be lawfully entitled to exercise such rights and remedies, and for no other purpose, each Grantor hereby grants to Lenderthe Collateral Agent, to the extent of such Grantor’s 's rights and effective only upon during the occurrence continuance of any unwaived an Event of Default, an irrevocable, non-exclusive license, subject, in the case of Trademarks, to sufficient rights to quality control and inspection in favor of such Grantor to avoid the risk of invalidation of such Trademarks, to use and sublicense any of the Intellectual Property Collateral then owned by or licensed to such Grantor. Such license shall include access to all devices, products and media in which any of the Intellectual Property Collateral is embodied, embedded, recorded or stored and to all computer programs used for the compilation or maintenance or printout thereofhereof.

Intellectual Property License. For the purpose of enabling Lenderthe Collateral Agent, following during the occurrence continuance of any unwaived an Event of Default, to exercise rights and remedies under Article 15 VIII hereof at such time as Lender the Collateral Agent shall be lawfully entitled to exercise such rights and remedies, and for no other purpose, each Grantor hereby grants to Lenderthe Collateral Agent, to the extent of such Grantor’s rights and effective only upon during the occurrence continuance of any unwaived an Event of Default, an irrevocable, non-exclusive license, subject, in the case of Trademarks, to sufficient rights to quality control and inspection in favor of such Grantor to avoid the risk of invalidation of such Trademarks, to use and sublicense any of the Intellectual Property Collateral then owned by or licensed to such Grantor. Such license shall include access to all devices, products and media in which any of the Intellectual Property Collateral is embodied, embedded, recorded or stored and to all computer programs used for the compilation or maintenance or printout thereofhereof.

Intellectual Property License. For the purpose of enabling Lenderthe Collateral Agent, following during the occurrence continuance of any unwaived an Event of Default, to exercise rights and remedies under Article 15 ARTICLE VIII hereof at such time as Lender the Collateral Agent shall be lawfully entitled to exercise such rights and remedies, and for no other purpose, each Grantor hereby grants to Lenderthe Collateral Agent, to the extent of such Grantor’s 's rights and effective only upon during the occurrence continuance of any unwaived an Event of Default, an irrevocable, non-exclusive license, subject, in the case of Trademarks, to sufficient rights to quality control and inspection in favor of such Grantor to avoid the risk of invalidation of such Trademarks, to use and sublicense any of the Intellectual Property Collateral then owned by or licensed to such Grantor. Such license shall include access to all devices, products and media in which any of the Intellectual Property Collateral is embodied, embedded, recorded or stored and to all computer programs used for the compilation or maintenance or printout thereofhereof.

Intellectual Property License. For the purpose of enabling Lenderthe Administrative Agent, following during the occurrence continuance of any unwaived an Event of Default, to exercise rights and remedies under Article 15 IX hereof at such time as Lender the Administrative Agent shall be lawfully entitled to exercise such rights and remedies, and for no other purpose, each Grantor hereby grants to Lenderthe Administrative Agent, to the extent of such Grantor’s 's rights and effective only upon during the occurrence continuance of any unwaived an Event of Default, an irrevocable, non-non- exclusive license, subject, in the case of Trademarks, to sufficient rights to quality control and inspection in favor of such Grantor to avoid the risk of invalidation of such Trademarks, to use and sublicense any of the Intellectual Property Collateral then owned by or licensed to such Grantor. Such license shall include access to all devices, products and media in which any of the Intellectual Property Collateral is embodied, embedded, recorded or stored and to all computer programs used for the compilation or maintenance or printout thereofhereof.

Intellectual Property License. For the purpose of enabling Lenderthe Collateral Agent, following during the occurrence continuance of any unwaived an Event of Default, to exercise rights and remedies under Article 15 ARTICLE VIII hereof at such time as Lender the Collateral Agent shall be lawfully entitled to exercise such rights and remedies, and for no other purpose, each Grantor hereby grants to Lenderthe Collateral Agent, to the extent of such Grantor’s rights and effective only upon during the occurrence continuance of any unwaived an Event of Default, an irrevocable, non-exclusive license, subject, in the case of Trademarks, to sufficient rights to quality control and inspection in favor of such Grantor to avoid the risk of invalidation of such Trademarks, to use and sublicense any of the Intellectual Property Collateral then owned by or licensed to such Grantor. Such license shall include access to all devices, products and media in which any of the Intellectual Property Collateral is embodied, embedded, recorded or stored and to all computer programs used for the compilation or maintenance or printout thereofhereof.