Common use of Licenses; Franchises Clause in Contracts

Licenses; Franchises. Borrower owns or possesses all of the patents, trademarks, service patents marks, tradenames, copyrights, licenses, franchises, permits and rights with respect to the foregoing necessary to own and operate its properties and to carry on its business as presently conducted without conflict with the rights of others. No individual patent or patent license is of material importance to its business and there is no reason to anticipate any material liability to Borrower in respect of any claim of infringement of any thereof.

Licenses; Franchises. The Borrower owns or possesses all of the patents, trademarks, service patents marks, tradenamestrade names, copyrights, licenses, franchises, permits and rights with respect to the foregoing necessary to own and operate its properties and to carry on its business as presently conducted without conflict with the rights of others. No individual patent or patent license is of material importance to its business and there is no reason to anticipate any material liability to the Borrower in respect of any claim of infringement of any thereof.

Licenses; Franchises. Borrower owns or possesses all al I of the patents, trademarks, service patents marksnarks, tradenames, copyrights, licenses, franchises, permits and rights with respect to the foregoing necessary to own and operate its properties and to carry on its business as presently conducted without conflict with the rights of others. No individual patent or patent license is of material importance to its business and there is no reason to anticipate any material liability to Borrower in respect of any claim of infringement of any thereof.