Common use of LICENSE OF USE OF SOFTWARE AND OTHER INTELLECTUAL PROPERTY Clause in Contracts

LICENSE OF USE OF SOFTWARE AND OTHER INTELLECTUAL PROPERTY. Unless expressly prohibited by the licensor thereof, if any, the Agent is hereby granted a license to use all computer software programs, data bases, processes and materials used by the Borrowers in connection with their respective businesses or in connection with any Collateral. The Agent agrees not to use any such license other than after the occurrence and during the continuance of an Event of Default.

Appears in 5 contracts

Samples: Credit Agreement (Metal Management Inc), Credit Agreement (Metal Management Inc), Credit Agreement (Metal Management Inc)

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LICENSE OF USE OF SOFTWARE AND OTHER INTELLECTUAL PROPERTY. Unless expressly prohibited by the licensor thereof, if any, the Agent is hereby granted a license to use all computer software programs, data bases, processes and materials used by the Borrowers in connection with their respective businesses or in connection with any Collateral. The Agent agrees not to use any such license other than after prior to the occurrence and during the continuance of an Event of Default.

Appears in 1 contract

Samples: Credit Agreement (Metal Management Inc)

LICENSE OF USE OF SOFTWARE AND OTHER INTELLECTUAL PROPERTY. Unless expressly prohibited by the licensor licenser thereof, if any, the Agent is hereby granted a license to use all computer software programs, data bases, processes and materials used by the Guarantor and the Borrowers in connection with their respective businesses or in connection with any the Collateral. The Agent agrees not to use any such license other than after except upon the occurrence and during the continuance of an Event of DefaultDefault without giving the Borrower Representative prior notice.

Appears in 1 contract

Samples: Credit Agreement (Imagyn Medical Technologies Inc)

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LICENSE OF USE OF SOFTWARE AND OTHER INTELLECTUAL PROPERTY. Unless expressly prohibited by the licensor thereof, if any, the Agent is hereby granted a license to use all computer software programs, data bases, processes and materials used by the Borrowers Borrower in connection with their respective its businesses or in connection with any the Collateral. The Agent agrees not to use any such license other than after prior to the occurrence and during the continuance of an Event of Default.

Appears in 1 contract

Samples: Credit Agreement (Venture Stores Inc)

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