Common use of Ownership; Sufficiency Clause in Contracts

Ownership; Sufficiency. CRIC has sufficient rights to use the CRIC Intellectual Property in connection with the operation of the CRIC Business, all of which rights shall survive unchanged the consummation of the transactions contemplated by the Transaction Documents. The CRIC Intellectual Property includes all Intellectual Property used or held for use in connection with the operation of the CRIC Business, and there are no other items of Intellectual Property that are material to or necessary for the operation of the CRIC Business or for the continued operation of the CRIC Business immediately after the Closing in substantially the same manner as operated prior to the Closing. CRIC is the exclusive owner of all right, title and interest in and to each item of material CRIC Owned Intellectual Property, free and clear of all Encumbrances (other than non-exclusive licenses granted in the ordinary course of business consistent with past practice), or any obligation to grant any Encumbrance. CRIC has a valid license to use the material CRIC Licensed Intellectual Property in connection with the operation of the CRIC Business, subject only to the terms of the CRIC IP Agreements.