Limited License to Liquidate. Each Borrower hereby grants to the Lender, for the benefit of itself and the Lender: (a) a non-exclusive, royalty-free license or other right to use, without charge, all of such Borrower’s Intellectual Property (including all rights of use of any name or trade secret) as it pertains to the Collateral, in manufacturing, advertising for sale and selling any Collateral and (b) to the extent permitted thereunder, all of such Borrower’s rights under all licenses and all franchise agreements, which shall inure to the Lender for the benefit of itself and the Lender without charge.
Limited License to Liquidate. Each of the Borrowers hereby grants to the Administrative Agent for the benefit of the Banks, the Designated Swing Line Lenders and Designated Letter of Credit Issuers: (a) a non-exclusive, royalty-free license or other right to use, without charge, all of such Borrower's Intellectual Property (including all rights of use of any name or trade secret) as it pertains to the Collateral, in manufacturing, advertising for sale and selling any Collateral; provided, however, that such license and right to use shall be exercisable by the Administrative Agent for the benefit of the Banks only upon request by the Administrative Agent after the occurrence of an Event of Default which is continuing and has not been waived in accordance with Section 14.1 hereof, and (b) to the extent permitted thereunder, all of such Borrower's rights under all licenses and all franchise agreements, which shall inure to the Administrative Agent for the benefit of the Banks, the Designated Swing Line Lenders and Designated Letter of Credit Issuers without charge but only upon request by the Administrative Agent after the occurrence of an Event of Default which is continuing and has not been waived in accordance with Section 14.1 hereof.
Limited License to Liquidate. The Borrower hereby grants to the Agent for the benefit of the Lenders: (a) a non-exclusive, royalty-free license or other right to use, without charge, all of the Borrower's Intellectual Property (including all rights of use of any name or trade secret) as it pertains to the Collateral, in manufacturing, advertising for sale and selling any Collateral; provided, that such license and right to use shall be exercisable by the Agent for the benefit of the Lenders only upon request by the Agent after the occurrence of an Event of Default which has not been waived in writing by the Required Lenders, and (b) to the extent permitted thereunder, all of the Borrower's rights under all licenses and all franchise agreements which shall inure to the Agent for the benefit of the Lenders without charge but only upon request by the Agent after the occurrence of an Event of Default which has not been waived in writing by the Required Lenders.
Limited License to Liquidate. 99 9.12 EQUALIZATION.......................................................................................99 9.13
Limited License to Liquidate. Each Borrower hereby grants to the Administrative Agent and its agents: (a) a non-exclusive, royalty-free license or other right to use, without charge, the Intellectual Property owned by each Borrower or used by such Borrower pursuant to licenses thereof (but only to the extent that a sub-license may be granted under such licenses (including all rights of use of any name or trade secret): (i) to use, sell or otherwise transfer any and all Inventory of such Borrower constituting Collateral which may bear or utilize any of the Borrower's Intellectual Property; (ii) to use or sell any such work-in-process, raw material or completed or finished products; (iii) to accept any and all orders or shipments of products ordered by such Borrower from manufacturers and (iv) to use or sell any such products bearing or utilizing any of the Borrower Intellectual Property and (v) to manufacture and advertise for sale the Collateral; provided, however, that such license and right to use shall be exercisable by the Administrative Agent only after the occurrence of an Event of Default which has not been waived in accordance with Section 13.1 of this Agreement, and (b) to the extent permitted thereunder, all of such Borrower's rights under all licenses and all franchise agreements which shall inure to the Administrative Agent without charge but only after the occurrence of an Event of Default which has not been waived in accordance with Section 13.1 of this Agreement.
Limited License to Liquidate. Each Borrower hereby grants to the Administrative Agent, for the benefit of itself, the Lenders and the LC Issuer: (a) a non-exclusive, royalty-free license or other right to use, without charge, all of such Borrower’s Intellectual Property (including all rights of use of any name or trade secret) as it pertains to the Collateral, in manufacturing, advertising for sale and selling any Collateral; provided, however, that such license and right to use shall be exercisable by the Administrative Agent for the benefit of the Lenders only upon request by the Administrative Agent after the occurrence of an Event of Default which is continuing; and (b) to the extent permitted thereunder, all of such Borrower’s rights under all licenses and all franchise agreements, which shall inure to the Administrative Agent for the benefit of itself, the Lenders and the LC Issuer without charge but only upon request by the Administrative Agent after the occurrence of an Event of Default which is continuing.
Limited License to Liquidate. 48 11.8 Appointment of Attorney-in-Fact..................................................................................................... 48 12. INDEMNIFICATION............................................................................................................................. 49
Limited License to Liquidate. Each Borrower hereby grants to the Administrative Agent, for the benefit of itself, the Lenders and the LC Issuer: (a) a non-exclusive, royalty-free license or other right to use, without charge, all of such Borrower's Intellectual Property (including all rights of use of any name or trade secret, but excluding the Excluded Property) as it pertains to the Collateral, in manufacturing, advertising for sale and selling any Collateral; provided, however, that such license and right to use shall be exercisable by the Administrative Agent for the benefit of the Lenders only upon request by the Administrative Agent after the occurrence of an Event of Default which is continuing, and (b) to the extent permitted thereunder, all of such Borrower's rights under all licenses and all franchise agreements that do not constitute Excluded Property, which shall inure to the Administrative Agent for the benefit of itself, the Lenders and the LC Issuer without charge but only upon request by the Administrative Agent after the occurrence of an Event of Default which is continuing.
