Common use of Patent and Other Rights Clause in Contracts

Patent and Other Rights. Borrower and its Subsidiaries own or license (or could obtain such ownership or license on terms not materially adverse to Borrower and its Subsidiaries, taken as a whole) under validly existing agreements, and have the full right to license in the ordinary course of business as currently contemplated without the consent of any other Person, all patents, licenses, trademarks, trade names, trade secrets, service marks, copyrights and all rights with respect thereto, which are required to conduct their businesses as now conducted.

Appears in 2 contracts

Samples: Credit Agreement (Adac Laboratories), Credit Agreement (Adac Laboratories)

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Patent and Other Rights. Borrower and its Subsidiaries own or license (or could obtain such ownership or license on terms not materially adverse to Borrower and its Subsidiaries, taken as a whole) under validly existing agreements, and have the full right to license in the ordinary course of business as currently contemplated without the consent of any other Person, all patents, licenses, trademarks, trade names, trade secrets, service marks, copyrights and all rights with respect thereto, which are required to conduct their businesses as now conducted.

Appears in 1 contract

Samples: Credit Agreement (Lam Research Corp)

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Patent and Other Rights. Borrower and its Borrower's Subsidiaries own or license under validly existing agreements (or could obtain such ownership ownership, possession or license on terms not materially adverse to Borrower and its Subsidiaries, taken as a whole) , and under validly existing agreementscircumstances that could not reasonably be expected to have a Material Adverse Effect), and have the full right to license in the ordinary course of business as currently contemplated without the consent of any other Person, all patents, licenses, trademarks, trade names, trade secrets, service marks, copyrights and all rights with respect thereto, which are required material to conduct their the businesses of Borrower and its Subsidiaries (taken as a whole) as now conducted.

Appears in 1 contract

Samples: Credit Agreement (Quantum Corp /De/)

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