License to Use Intellectual Property. For the purpose of enabling the Collateral Agent to further exercise rights and remedies under this Section 6 or elsewhere provided by agreement or applicable law, each Debtor hereby grants to the Collateral Agent an irrevocable, nonexclusive license (exercisable without payment of royalty or other compensation to such Debtor) to use, license or sublicense following and during the continuation of an Event of Default, any Intellectual Property now owned or hereafter acquired by such Debtor, and wherever the same may be located, and including in such license access to all media in which any of the licensed items may be recorded or stored and to all computer software and programs used for the compilation or printout thereof.
License to Use Intellectual Property. For the purpose of enabling the Collateral Agent, during the continuance of an Event of Default, to exercise rights and remedies hereunder at such time as the Collateral Agent shall be lawfully entitled to exercise such rights and remedies, and for no other purpose, each Grantor hereby grants to the Collateral Agent, to the extent such Grantor has the right to do so, an irrevocable, assignable, non-exclusive license to use, license or sublicense any of the Intellectual Property now owned or held, or hereafter acquired, by such Grantor, wherever the same may be located. To the extent permitted, such license shall include access to all media in which any of the licensed items may be recorded or stored and to all computer programs used for the compilation or printout hereof.
License to Use Intellectual Property. Lender is hereby granted an irrevocable, non-exclusive license or other right to use, license of sub-license (without payment of royalty or other compensation to any Person) any or all Intellectual Property of the Loan Parties, computer hardware and software, trade secrets, brochures, customer lists, promotional and advertising materials, labels, packaging materials and other Property, in advertising for sale, marketing, selling, collecting, completing manufacture of, or otherwise exercising any rights or remedies with respect to, any Collateral. Each Loan Party’s rights and interests under Intellectual Property shall inure to the Lender’s benefit.
License to Use Intellectual Property. If an Event of Default shall have occurred and be continuing and for the purpose of enabling the Secured Party to exercise its rights and remedies under this Agreement at such time as the Secured Party shall be entitled to exercise such rights and remedies, the Debtor hereby grants to the Secured Party an irrevocable, nonexclusive license (exercisable without payment of royalty or other compensation to the Debtor), to use, assign, license or sublicense any of the Debtor's Intellectual Property, now owned or hereafter acquired by the Debtors and wherever the same may be located, including in such license reasonable access to all media in which any of the licensed items may be recorded or stored; provided, however, that the Secured Party shall comply with all pre-existing quality control standards and trademark use requirements of the Debtor. The proceeds from, or other realization upon, any such license shall constitute Collateral. No agreements hereafter acquired or agreed to or entered into by the Debtor shall prohibit, restrict or impair the rights granted under this Section.
License to Use Intellectual Property. For the purpose of enabling the Secured Party to further exercise rights and remedies under this Section 4 or elsewhere provided by agreement or applicable law, the Company hereby grants to the Secured Party an irrevocable, nonexclusive license (exercisable without payment of royalty or other compensation to the Company) to use, license or sublicense following an Event of Default and the Secured Party’s demand for payment of the Note, any Intellectual Property now owned or hereafter acquired by the Company, and wherever the same may be located, and including in such license access to all media in which any of the licensed items may be recorded or stored and to all computer software and programs used for the compilation or printout thereof.
License to Use Intellectual Property. RBC Life hereby licenses to Xxxxxx the nonexclusive rights to use in the Country RBC Life intellectual property, including, but not limited to, trademarks, service marks, trade names, patents and copyrights, in fulfillment of its obligations under the Contract. Such license shall terminate immediately upon termination of this First Addendum or the Contract.
License to Use Intellectual Property. During the Operating Period, Debtor shall grant to Manager a non-exclusive license to use the tradenames, trademarks and other intellectual property of Debtor used in connection with the Business (as more fully described in Schedules 3.6(a) and 3.6(k) of the Purchase Agreement), but solely in connection with its obligations hereunder. Such license will terminate upon the termination of this Agreement.
License to Use Intellectual Property. Each Borrower agrees that Lender and any receiver, and any designee of Lender or any receiver, each shall have, and each is hereby granted, an irrevocable, royalty-free, perpetual, and worldwide license to reproduce, distribute, publicly perform, publicly display, create derivative works of, make, have made, sell, offer to sell, or otherwise use (including the right to sublicense) such Borrower's Intellectual Property (and including such Borrower's rights to any Intellectual Property to the extent that the license granted in this Section would not violate the rights granted to such Borrower), including, as to any Trademark, the goodwill of such Borrower's business in which the Trademark is used, or that part of the goodwill of such Borrower's business connected with the use of and symbolized by the Trademark, in and in connection with (i) collecting Collateral, (ii) manufacturing, completing, and repairing Collateral, (iii) marketing, selling, leasing, licensing, or disposing of Collateral, and (iv) exercising Lender's rights and remedies under this Agreement (or otherwise) relating to Collateral.
License to Use Intellectual Property. For the purpose of enabling Security Agent to exercise its rights and remedies under the Loan Documents, Debtor hereby grants to Security Agent an irrevocable, non-exclusive license (exercisable only upon the occurrence and continuance of an Event of Default and without payment of royalty or other compensation to Debtor) to use, transfer, license or sublicense any Intellectual Property now owned, licensed to, or hereafter acquired by Debtor, and wherever the same may be located, and including in such license access to all media in which any of the licensed items may be recorded or stored and to all computer and automatic machinery software and programs used for the compilation or printout thereof, and Debtor represents, warrants and agrees that any such license or sublicense is not and will not be in conflict with the contractual or commercial rights of any other Person; provided, that such license will terminate on the Termination Date.
License to Use Intellectual Property. For the purpose of enabling Senior Agent to exercise rights and remedies under the Loan Documents (including, in order to take possession of, hold, preserve, process, assemble, prepare for sale, market for sale, sell or otherwise dispose of any collateral, including any Shared Collateral) at such time as Senior Agent shall be lawfully entitled to exercise such rights and remedies, the Subordinated Noteholder hereby grants to Senior Agent, for the benefit of Senior Agent and Lenders, an irrevocable, nonexclusive license (exercisable without payment of royalty or other compensation by Agent and Lenders to the Subordinated Noteholder, provided, that nothing in this Section 6.4 shall impair the obligation of any Credit Party to Parent for payment of royalties and other compensation under the Distribution Agreement, which such payments shall continue to accrue and be payable to Parent by such Credit Party) to use, license or sublicense any Intellectual Property now owned or hereafter acquired by the Subordinated Noteholder, and wherever the same may be located, and including in such license access to all media in which any of the licensed items may be recorded or stored and to all computer software and programs used for the compilation or printout thereof. The Subordinated Noteholder hereby consents to the grant by the Borrower to the Senior Creditors of a security interest in Borrower's right, title and interests under the Distribution Agreement, and consents to any sale, assignment or other transfer by the Senior Creditors of Borrower's right, title and interests under the Distribution Agreement in connection with any exercise of rights and remedies by the Senior Creditors under the Senior Loan Documents. Nothing in this Agreement shall impair or limit the Subordinated Noteholder's ownership rights with respect to any of its intellectual property, other than the license granted to Senior Agent pursuant to this Section 6.4.
