Common use of Intellectual Property; Licenses; Certifications Clause in Contracts

Intellectual Property; Licenses; Certifications. As of the Agreement Date, the Borrower Parties own or otherwise have the right to use all patents, trademarks, service marks or copyrights necessary for the operation of the business of the Borrower Parties and their Subsidiaries as currently conducted, except for any such the failure to so own or have the right to use could not reasonably be expected to have a Materially Adverse Effect. Except as set forth on Schedule 5.1(p), as of the Agreement Date, the Borrower Parties have all material licenses or certifications necessary for the operation of the Borrower Parties’ and their Subsidiaries’ business as currently conducted, except for any such the failure where the failure to so have could not reasonably be expected to have a Materially Adverse Effect.