Common use of Licensor Representations and Warranties Clause in Contracts

Licensor Representations and Warranties. Licensor hereby represents, warrants and covenants to AST as follows: 5.1 Licensor (a) is the sole owner of the Licensed Patents, (b) has all right, title and interest necessary to grant the rights, licenses, authorizations, releases, covenants and waivers to AST hereunder, and for AST to grant the rights, sublicenses, authorizations, releases, covenants and waivers under the Licensed Patents under each Sublicense Agreement, and (c) has not granted to any third party any exclusive license or exclusive right under the Licensed Patents. 5.2 Subject to the timely payment of the fees under Section 3 with respect to a Sublicense Agreement, each Sublicense Agreement shall be valid, enforceable and continue in full force and effect until the expiration of the Term.

Licensor Representations and Warranties. Licensor hereby represents, warrants and covenants to AST IP3 as follows: 5.1 Licensor (a) is the sole owner of the Licensed Patents, (b) has all right, title and interest necessary to grant the rights, licenses, authorizations, releases, covenants and waivers to AST IP3 hereunder, and for AST IP3 to grant the rights, sublicenses, authorizations, releases, covenants and waivers under the Licensed Patents under each Sublicense Agreement, and (c) has not granted to any third party any exclusive license or exclusive right under the Licensed Patents. 5.2 Subject to the timely payment of the fees under Section 3 with respect to a Sublicense Agreement, each Sublicense Agreement shall be valid, enforceable and continue in full force and effect until the expiration of the Term.