Common use of Management; Ownership of Assets; Licenses; Patents Clause in Contracts

Management; Ownership of Assets; Licenses; Patents. Each Borrower employs and shall continue to employ active, full-time, professional management adequate to handle its affairs, and each Borrower has, and will continue to have, adequate employees, assets, governmental approvals, licenses, permits, patents, copyrights, trademarks and trade names to continue to conduct its business as heretofore and hereafter conducted by it, and all patents, registered copyrights, trademarks and trade names and all material licenses (other than commercial software licenses in the ordinary course of business) (whether as licensor or licensee) of any patents, trademarks, and copyrights owned or claimed by any Borrower existing as of the Closing Date are described in Schedule 9.5.

Management; Ownership of Assets; Licenses; Patents. Each Borrower employs and shall continue to employ active, full-time, professional management adequate to handle its affairs, and each Borrower has, and will continue to have, adequate employees, assets, governmental approvals, licenses, permits, patents, copyrights, trademarks and trade names necessary to continue to conduct its business as heretofore and hereafter conducted by it, and all . All of Borrower’s registered patents, registered copyrights, trademarks and trade names and all material licenses (other than commercial software licenses in the ordinary course of business) (whether as licensor or licensee) of any registered patents, trademarks, and copyrights owned or claimed by any Borrower existing as of the Closing Date are described in Schedule 9.5.