Common use of Licenses and Rights to Use Collateral Clause in Contracts

Licenses and Rights to Use Collateral. In connection with any transfer or sale (to Secured Party or any other person or entity) of the Collateral, Secured Party is hereby granted a transferable license or other right to use, without any charge, any of Debtor's labels, patents, copyrights, trade names, trade secrets, trademarks or other similar property in completing production, advertising or selling such Collateral. Debtor's rights under all licenses and franchise agreements shall inure to the benefit of Secured Party and any transferee of all or any part of the Collateral.

Licenses and Rights to Use Collateral. In ------------------------------------- connection with any transfer or sale (to Secured Party or any other person or entityPerson) of the Collateral, Secured Party is hereby granted a transferable license or other right to use, without any charge, with respect to each Debtor, any of such Debtor's labels, patents, copyrights, trade names, trade secrets, trademarks or other similar property in completing production, advertising or selling such Collateral. Each Debtor's rights under all licenses and franchise agreements shall shall, to the extent permitted under such agreements, inure to the benefit of Secured Party and any transferee of all or any part of the Collateral.

Licenses and Rights to Use Collateral. In connection with any transfer or sale (to Secured Party or any other person or entityPerson) of the Collateral, Secured Party is hereby granted a non-exclusive transferable license or other right to use, without any charge, any of Debtor's labels, patents, copyrights, trade names, trade secrets, trademarks or other similar property in completing production, advertising or selling such Collateral. Debtor's rights under all licenses and franchise agreements shall inure to the benefit of Secured Party and any transferee of all or any part of the Collateral.

Licenses and Rights to Use Collateral. In connection with any transfer or sale (to Secured Party or any other person or entityPerson) of the Collateral, Secured Party is hereby granted a transferable license or other right to use, without any charge, any of Debtor's labels, patents, copyrights, trade names, trade secrets, trademarks or other similar property in completing production, advertising or selling such Collateral. Debtor's rights under all licenses and franchise agreements shall inure to the benefit of Secured Party and any transferee of all or any part of the Collateral.