Common use of License of Intellectual Property Clause in Contracts

License of Intellectual Property. Borrowers hereby assign, transfer and convey to Collateral Agent, for the benefit of Agents and Lenders, effective upon the occurrence of any Event of Default hereunder, the non-exclusive right and license to use all Intellectual Property owned or used by Borrowers together with any goodwill associated therewith, all to the extent necessary to enable Collateral Agent to realize on the Collateral and any successor or assign to enjoy the benefits of the Collateral. This right and license shall inure to the benefit of all successors, assigns and transferees of Collateral Agent and its successors, assigns and transferees, whether by voluntary conveyance, operation of law, assignment, transfer, foreclosure, deed in lieu of foreclosure or otherwise. Such right and license is granted free of charge and does not require the consent of any other person.

License of Intellectual Property. Borrowers Each Borrower hereby assignassigns, transfer transfers and convey conveys to Collateral Agent, for the benefit of Agents and Lenders, effective upon the occurrence of any Event of Default hereunder, the non-exclusive right and license to use all Intellectual Property owned or used by Borrowers such Borrower together with any goodwill associated therewith, all to the extent necessary to enable Collateral Agent to realize on the Collateral and any successor or assign to enjoy the benefits of the Collateral. This right and license shall inure to the benefit of all successors, assigns and transferees of Collateral Agent and its successors, assigns and transferees, whether by voluntary conveyance, operation of law, assignment, transfer, foreclosure, deed in lieu of foreclosure or otherwise. Such right and license is granted free of charge and does not require the consent of charge, without requirement that any other personmonetary payment whatsoever be made to any Borrower by Agent.

License of Intellectual Property. Borrowers Borrower hereby assignassigns, transfer transfers and convey conveys to Collateral Agent, for the benefit of Agents and Lenders, effective upon the occurrence of any Event of Default hereunder, the non-exclusive right and license to use all Intellectual Property owned or used by Borrowers Borrower together with any goodwill associated therewith, all to the extent necessary to enable Collateral Agent to realize on the Collateral and any successor or assign to enjoy the benefits of the Collateral. This right and license shall inure to the benefit of all successors, assigns and transferees of Collateral Agent and its successors, assigns and transferees, whether by voluntary conveyance, operation of law, assignment, transfer, foreclosure, deed in lieu of foreclosure or otherwise. Such right and license is granted free of charge and does not require the consent of any other personcharge.

License of Intellectual Property. Borrowers Borrower hereby assignassigns, transfer transfers and convey conveys to Collateral Agent, for the benefit of Agents and Lenders, effective upon the occurrence of any Event of Default hereunder, the non-exclusive right and license to use all Intellectual Property owned or used by Borrowers Borrower together with any goodwill associated therewith, all to the extent necessary to enable Collateral Agent to realize on the Collateral and any successor or assign to enjoy the benefits of the Collateral. This right and license shall inure to the benefit of all successors, assigns and transferees of Collateral Agent and its successors, assigns and transferees, whether by voluntary conveyance, 41 50 operation of law, assignment, transfer, foreclosure, deed in lieu of foreclosure or otherwise. Such right and license is granted free of charge and does not require the consent of any other personcharge.

License of Intellectual Property. Borrowers Debtor hereby assignassigns, transfer transfers and convey conveys to Collateral Agent, for the benefit of Agents and LendersLender, effective upon the occurrence and during the continuance of any Event of Default hereunder, the non-exclusive nonexclusive right and license to use all Intellectual Property owned or used by Borrowers Debtor together with any goodwill associated therewith, all to the extent necessary to enable Collateral Agent Lender to realize on the Collateral and any successor or assign to enjoy the benefits of the CollateralCollateral to the extent permitted by the terms of such Intellectual Property. This right and license shall inure to the benefit of Lender and all successors, assigns and transferees of Collateral Agent and its successors, assigns and transferees, whether by voluntary conveyance, operation of law, assignment, transfer, foreclosure, deed in lieu of foreclosure or otherwise. Such right and license is granted free of charge and does not require the consent of charge, without requirement that any other personmonetary payment whatsoever be made to Debtor by Lender.

License of Intellectual Property. Borrowers Borrower hereby assignassigns, transfer transfers and convey conveys to Collateral Agent, for the benefit of Agents and Lenders, effective upon the occurrence of any Event of Default hereunder, the non-exclusive right and license to use all Intellectual Property owned or used by Borrowers Borrower together with any goodwill associated therewith, all to the extent necessary to enable Collateral Agent to realize on the Collateral and any successor or assign to enjoy the benefits of the Collateral. This right and license shall inure to the benefit of all successors, assigns and transferees of Collateral Agent and its successors, assigns and transferees, whether by voluntary conveyance, operation of law, assignment, transfer, foreclosure, deed in lieu of foreclosure or otherwise. Such right and license is granted free of charge and does not require the consent of charge, without requirement that any other personmonetary payment whatsoever be made to Borrower by Agent.