Common use of Patents, Licenses, Franchises and Formulas Clause in Contracts

Patents, Licenses, Franchises and Formulas. Each of the Company and its Subsidiaries owns all the patents, trademarks, permits, service marks, trade names, copyrights, licenses, franchises and formulas, or rights with respect to the foregoing, or each has obtained licenses or assignments of all other rights of whatever nature necessary for the present conduct of its businesses, without any known conflict with the rights of others which, or the failure to obtain which, as the case may be, would reasonably be expected to result in a Material Adverse Effect.

Appears in 8 contracts

Samples: Credit Agreement (Sealed Air Corp/De), Credit Agreement (Sealed Air Corp/De), Credit Agreement (Sealed Air Corp/De)

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Patents, Licenses, Franchises and Formulas. Each of the Company and each of its Subsidiaries owns all the patents, trademarks, permits, service marks, trade names, copyrights, licenses, franchises and formulas, or rights with respect to the foregoing, or each and has obtained licenses or assignments of all licenses and other rights of whatever nature nature, necessary for the present and proposed conduct of its businessesbusiness, without any known conflict with the rights of others whichexcept, or the failure with respect to obtain whichany matter specified in this Section 6.19, as the case may be, would could not reasonably be expected expected, either individually or in the aggregate, to result in have a Material Adverse Effect.

Appears in 6 contracts

Samples: Term Loan Credit Agreement (Omnova Solutions Inc), Term Loan Credit Agreement (Omnova Solutions Inc), Term Loan Credit Agreement (Omnova Solutions Inc)

Patents, Licenses, Franchises and Formulas. Each Holdings and each of the Company and its Subsidiaries owns owns, or has the right to use, all the material patents, trademarks, permits, service marks, trade names, copyrights, licenses, franchises and formulas, or rights with respect to the foregoing, or each and has obtained licenses or assignments of all leases and other rights of whatever nature nature, necessary for the present conduct of its businessesbusiness, without any known conflict with the rights of others whichothers, except for such failures and conflicts which could not, either individually or in the failure to obtain whichaggregate, as the case may be, would reasonably be expected to result in a Material Adverse Effect.

Appears in 3 contracts

Samples: Credit Agreement (Trico Marine Services Inc), Credit Agreement (Genco Shipping & Trading LTD), Credit Agreement (Trico Marine Services Inc)

Patents, Licenses, Franchises and Formulas. Each of the Company Holdings and each of its Subsidiaries owns all the patents, trademarks, permits, service marks, trade names, copyrights, licenses, franchises franchises, proprietary information (including but not limited to rights in computer programs and databases) and formulas, or rights with respect to the foregoing, or each and has obtained licenses or assignments of all leases and other rights of whatever nature nature, necessary for the present conduct of its businessesbusiness, without any known conflict with the rights of others which, or the failure to obtain which, as the case may be, would could reasonably be expected to result in a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Alpine Group Inc /De/), Credit Agreement (Alpine Group Inc /De/)

Patents, Licenses, Franchises and Formulas. Each Except as described on Schedule 4.19, each of the Company and its Subsidiaries owns all the patents, trademarks, permits, service marks, trade names, copyrights, licenses, franchises and formulas, or rights with respect to the foregoing, or each and has obtained licenses or assignments of all leases and other rights of whatever nature nature, reasonably necessary for the present conduct of its businessesbusiness, without any known conflict with the rights of others others, which, or the failure to own or obtain which, as the case may be, would be reasonably be expected likely to result in a Material Adverse Effect.

Appears in 2 contracts

Samples: First Lien Senior Credit Agreement (Wellman Inc), Second Lien Senior Credit Agreement (Wellman Inc)

Patents, Licenses, Franchises and Formulas. Each Holdings and each of the Company and its Subsidiaries owns all the material patents, trademarks, permits, service marks, trade names, copyrights, licenses, franchises and formulas, or rights with respect to the foregoing, or each and has obtained licenses or assignments of all leases and other rights of whatever nature nature, reasonably necessary for the present conduct of its businessesbusiness, without any known conflict with the rights of others which, or the failure to obtain which, as the case may be, would reasonably be expected to result in a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Atrium Companies Inc), Credit Agreement (H-R Window Supply Inc)

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Patents, Licenses, Franchises and Formulas. Each of the Company and its Subsidiaries owns own all the patents, trademarks, permits, service marks, trade names, copyrights, licenses, franchises and formulas, or rights with respect to the foregoing, or each and has obtained licenses or assignments of all leases and other rights of whatever nature nature, necessary for the present conduct of its businessesbusiness, without any known conflict with the rights of others which, or the failure to obtain which, as the case may be, would reasonably be expected to result in a Material Adverse Effectmaterial adverse effect on the business, property, assets, condition (financial or otherwise) or prospects of the Company or of the Company and its Subsidiaries taken as a whole.

Appears in 1 contract

Samples: Credit Agreement (Coltec Industries Inc)

Patents, Licenses, Franchises and Formulas. Each of the The Company and each of its Subsidiaries owns or licenses all the material patents, trademarks, permits, service marks, trade names, copyrights, licenses, franchises and formulas, or rights with respect to the foregoing, or each and has obtained licenses or assignments of all licensors and other rights of whatever nature nature, reasonably necessary for the present conduct of its businessesbusiness, without any known conflict with the other rights of others which, or the failure to obtain which, as the case may be, would be could reasonably be expected to result in have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Purina Mills Inc)

Patents, Licenses, Franchises and Formulas. Each of the Company Holdings and each of its Subsidiaries owns all the patents, trademarks, permits, service marks, trade names, copyrights, licenses, franchises and formulas, or rights with respect to the foregoing, or each and has obtained licenses or assignments of all licenses and other rights of whatever nature nature, necessary for the present and proposed conduct of its businessesbusiness, without any known conflict with the rights of others whichexcept, or the failure with respect to obtain whichany matter specified in this Section 7.20, as the case may be, would could not reasonably be expected expected, either individually or in the aggregate, to result in have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Consolidated Container Co LLC)

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