Common use of Patents, Licenses, etc Clause in Contracts

Patents, Licenses, etc. With the exception of the matter in "Note 8" of the 1996 Financial Statements, the Borrower shall maintain and cause each Subsidiary to maintain, in full force and effect, all material licenses, copyrights, patents, permits, applications, reports, authorizations, easements and other rights as are necessary for the conduct of its business, the termination of which would have a Material Adverse Effect. With the exception of the matter in "Note 8" of the 1996 Financial Statements, Borrower shall pay all royalties, annuities and license fees as they become due and shall not forfeit or allow to lapse any rights under any patent, copyright or license.

Patents, Licenses, etc. With the exception of the matter in "Note 8" of the 1996 Financial Statements, the Borrower Company shall maintain and cause each Subsidiary to maintain, in full force and effect, all material licenses, copyrights, patents, permits, applications, reports, authorizations, easements and other rights as are necessary for the conduct of its business, the termination of which would have a Material Adverse Effect. With the exception of the matter in "Note 8" of the 1996 Financial Statements, Borrower Company shall pay all royalties, annuities and license fees as they become due and shall not forfeit or allow to lapse any rights under any patent, copyright or license.