Intellectual Property Rights Licensed from Others. Schedule 4.16 is a complete list of all agreements under which any Obligor 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 and a summary of any ongoing payments the applicable Obligor is obligated to make with respect thereto. Except as disclosed on Schedule 4.16 and in written agreements copies of which have been given to the Administrative Agent, each Obligor’s licenses to use the Licensed Intellectual Property are free and clear of all restrictions, Liens, court orders, injunctions, decrees, or writs, whether by written agreement or otherwise. Except as disclosed on Schedule 4.16, no Obligor is obligated or under any liability whatsoever to make any payments of a material nature by way of royalties, fees or otherwise to any owner of, licensor of, or other claimant to, any Intellectual Property Rights.
Appears in 2 contracts
Samples: Term Loan Agreement (Rotonics Manufacturing Inc/De), Credit Agreement (Rotonics Manufacturing Inc/De)
Intellectual Property Rights Licensed from Others. Schedule 4.16 4.10 is a complete list of all material agreements under which the Borrower or any Obligor Guarantor 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 and a summary of any ongoing payments the applicable Obligor is obligated to make with respect thereto(“Off-the-shelf Software”). Except as disclosed on Schedule 4.16 4.10 and in written agreements copies of which have been given to the Administrative AgentBank, each Obligorthe Borrower’s licenses or such Guarantors’ licenses, as the case may be, to use the Licensed Intellectual Property are free and clear of all restrictions, Liens, court orders, injunctions, decrees, or writs, whether by written agreement or otherwise. Except as disclosed on Schedule 4.164.10, no Obligor neither the Borrower nor any Guarantor is obligated or under any liability whatsoever to make any payments of a material nature by way of royalties, fees or otherwise to any owner of, licensor of, or other claimant to, any Intellectual Property Rights.
Appears in 1 contract
Intellectual Property Rights Licensed from Others. Set forth on Schedule 4.16 4.15 is a complete list of all agreements under which any Obligor 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 (“Available Software”) and a summary of any ongoing payments the applicable Obligor Borrower is obligated to make with respect theretoto Licensed Intellectual Property. Except as disclosed set forth on Schedule 4.16 and in written agreements copies of which have been given to the Administrative Agent4.15, each ObligorBorrower’s licenses to use the Licensed Intellectual Property are free and clear of all restrictions, Liens, court orders, injunctions, decrees, or writs, whether agreed to in a Record Authenticated by written agreement Borrower or otherwise. Except as disclosed on Schedule 4.164.15, no Obligor Borrower is not contractually obligated or under any liability whatsoever to make any royalty payments of a material nature by way of royaltiesnature, or pay fees or otherwise to any owner of, licensor of, or other claimant to, any Intellectual Property Rights.
Appears in 1 contract
Samples: Loan and Security Agreement (InterMetro Communications, Inc.)