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.
Appears in 3 contracts
Samples: Security Agreement (Integrated Biopharma Inc), Security Agreement (Echo Therapeutics, Inc.), Security Agreement (Integrated Biopharma Inc)
License to Use Intellectual Property. For the sole purpose of enabling the Collateral Agent to further exercise rights and remedies under this Section 6 7 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 DefaultDefault and the acceleration of the Debentures in accordance with the terms thereof, 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.
Appears in 2 contracts
Samples: Security Agreement (Digital Angel Corp), Security Agreement (Applied Digital Solutions Inc)
License to Use Intellectual Property. For the purpose of enabling the Collateral Agent to further exercise rights and remedies under this Section 6 7 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.
Appears in 2 contracts
Samples: Security Agreement (Manaris Corp), Security Agreement (Manaris Corp)
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. 7.
Appears in 1 contract
License to Use Intellectual Property. For the purpose of enabling the Collateral Agent Secured Parties to further exercise rights and remedies under this Section 6 7 or elsewhere provided by agreement or applicable law, each the Debtor hereby grants to the Collateral Agent Secured Parties an irrevocable, nonexclusive license (exercisable without payment of royalty or other compensation to such the 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 the 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.
Appears in 1 contract
Samples: Security Agreement (Ener1 Inc)