Common use of Intellectual Property Rights Licensed from Others Clause in Contracts

Intellectual Property Rights Licensed from Others. Set forth on Schedule 5.8 is a complete list of all agreements under which the Borrower has licensed Intellectual Property Rights from another Person (“Licensed Intellectual Property”) other than readily available, non-negotiated licenses of computer software and other intellectual property used solely for performing accounting, word processing and similar administrative tasks (“Off-the-shelf Software”) and a summary of any ongoing payments the Borrower is obligated to make with respect to Licensed Intellectual Property. Except as set forth on Schedule 5.8, in any other schedule or exhibit to this Agreement, or in any other Record, copies of which have been given to the Holder Representative, the Borrower’s licenses to use the Licensed Intellectual Property are in full force and effect and are free and clear of all restrictions, Liens, court orders, injunctions, decrees, or writs, whether agreed to in a Record Authenticated by the Borrower or otherwise. Except as disclosed on Schedule 5.8, the Borrower is not contractually obligated to make royalty payments of a material nature, or pay fees to any owner of, licensor of, or other claimant to, any Intellectual Property Rights.

Appears in 1 contract

Samples: Senior Subordinated Note Purchase and Security Agreement (Physicians Formula Holdings, Inc.)

AutoNDA by SimpleDocs

Intellectual Property Rights Licensed from Others. Set forth on Schedule 5.8 5.11 is a complete list of all agreements under which the Borrower or any of its Subsidiaries has licensed Intellectual intellectual Property Rights from another Person ("Licensed Intellectual Property") other than readily available, non-negotiated licenses of computer software and other intellectual property used solely for performing accounting, word processing and similar administrative tasks (“Off-"Off- the-shelf Software") and a summary of any ongoing payments the Borrower licensee is obligated to make with respect to Licensed Intellectual Propertythereto. Except as set forth disclosed on Schedule 5.8, 5.11 and in any other schedule or exhibit to this Agreement, or in any other Record, written agreements copies of which have been given to the Holder RepresentativeLender, the Borrower’s licenses of the Borrower and its Subsidiaries to use the Licensed Intellectual Property are in full force and effect and are free and clear of all restrictions, Liens, court orders, injunctions, decrees, or writs, whether agreed to in a Record Authenticated by the Borrower written agreement or otherwise. Except as disclosed on Schedule 5.85.11, neither the Borrower nor any of its Subsidiaries is not contractually obligated or under any liability whatsoever to make royalty any payments of a material naturenature by way of royalties, fees or pay fees otherwise to any owner of, licensor of, or other claimant to, any Intellectual Property Rights.

Appears in 1 contract

Samples: And Security Agreement (Hc2 Holdings, Inc.)

Intellectual Property Rights Licensed from Others. Set forth on Schedule 5.8 5.11 is a complete list of all agreements under which the Borrower or any Subsidiary has licensed Intellectual Property Rights from another Person (“Licensed Intellectual Property”) other than readily available, non-negotiated licenses of computer software and other intellectual property used solely for performing accounting, word processing and similar administrative tasks (“Off-the-shelf Software”) or which are customarily incorporated into the software that is included in the Company’s products, and a summary of any ongoing payments the Borrower is obligated to make with respect to Licensed Intellectual Propertythereto. Except as set forth disclosed on Schedule 5.8, 5.11 and in any other schedule or exhibit to this Agreement, or in any other Recordwritten agreements, copies of which have been given to the Holder RepresentativeLender, the Borrower’s and each Subsidiary’s licenses to use the Licensed Intellectual Property are in full force and effect and are free and clear of all restrictions, Liens, court orders, injunctions, decrees, or writs, whether agreed to in a Record Authenticated by the Borrower written agreement or otherwise. Except as disclosed on Schedule 5.85.11, neither the Borrower nor any Subsidiary is not contractually obligated or under any liability whatsoever to make royalty any payments of a material naturenature by way of royalties, fees or pay fees otherwise to any owner of, licensor of, or other claimant to, any Intellectual Property Rights.

Appears in 1 contract

Samples: Credit and Security Agreement (Delphax Technologies Inc)

AutoNDA by SimpleDocs

Intellectual Property Rights Licensed from Others. Set forth on Schedule 5.8 5.11 is a complete list of all agreements under which the Borrower or any of its Subsidiaries has licensed Intellectual Property Rights from another Person (“Licensed Intellectual Property”) other than readily available, non-negotiated licenses of computer software and other intellectual property used solely for performing accounting, word processing and similar administrative tasks (“Off-the-shelf Software”) and a summary of any ongoing payments the Borrower licensee is obligated to make with respect to Licensed Intellectual Propertythereto. Except as set forth disclosed on Schedule 5.8, 5.11 and in any other schedule or exhibit to this Agreement, or in any other Record, written agreements copies of which have been given to the Holder RepresentativeLender, the Borrower’s licenses of the Borrower and its Subsidiaries to use the Licensed Intellectual Property are in full force and effect and are free and clear of all restrictions, Liens, court orders, injunctions, decrees, or writs, whether agreed to in a Record Authenticated by the Borrower written agreement or otherwise. Except as disclosed on Schedule 5.85.11, neither the Borrower nor any of its Subsidiaries is not contractually obligated or under any liability whatsoever to make royalty any payments of a material naturenature by way of royalties, fees or pay fees otherwise to any owner of, licensor of, or other claimant to, any Intellectual Property Rights.

Appears in 1 contract

Samples: Security Agreement and Fixture Filing (HC2 Holdings, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!