Common use of Patents, Licenses, Franchises Clause in Contracts

Patents, Licenses, Franchises. The Loan Parties and their Subsidiaries own or possess the legal right to use all of the patents, trademarks, service marks, trade names, copyrights, licenses, franchises and permits and rights with respect to the foregoing necessary to own and operate its properties and to carry on its business as presently conducted without conflict with the rights of others. Schedule 3.14 to this Agreement sets forth a true and correct list and description of each such patent, trademark, service marks, trade name, copyright, license, franchise and permit and right with respect to the foregoing. Except as described in Schedule 3.14 to this Agreement, no patent, trademark, service xxxx, trade name, copyrights, license, franchise or permit or right with respect to any of the foregoing is of material importance to the assets, business, operations or financial condition of any Loan Party or any Subsidiary of a Loan Party and there is no reason to anticipate any material liability to any Loan Party or any Subsidiary of a Loan Party in respect to any claim of infringement of any of the foregoing.

Patents, Licenses, Franchises. The Each Loan Parties Party and their Subsidiaries each Domestic Subsidiary of such Loan Party own or possess the legal right to use all of the patents, trademarks, service marks, trade names, copyrights, licenses, franchises and permits and rights with respect to the foregoing necessary to own and operate its their properties and to carry on its business their businesses as presently conducted and as presently planned to be conducted without conflict with the rights of others. Schedule 3.14 to this Agreement sets forth a true and correct list and description of each such patent, trademark, service marks, trade name, copyright, license, franchise and permit and right with respect except to the foregoingextent that the failure to own or possess the right to use such intellectual property would not have a Material Adverse Effect. Except As of the Closing Date, except as described in Schedule 3.14 3.13 to this Agreement, no such patent, trademark, service xxxx, trade name, copyrightscopyright, license, franchise or permit or right with respect to any of the foregoing is of material importance to the assets, business, operations or financial condition of any Loan Party or any Domestic Subsidiary of a such Loan Party and there is no reason to anticipate any material liability to any Loan Party or any Domestic Subsidiary of a such Loan Party in respect to of any claim of infringement of any of the foregoing.

Patents, Licenses, Franchises. The Each Loan Parties Party and their Subsidiaries each Domestic Subsidiary of such Loan Party own or possess the legal right to use all of the patents, trademarks, service marks, trade names, copyrights, licenses, franchises and permits and rights with respect to the foregoing necessary to own and operate its their properties and to carry on its business their businesses as presently conducted and as presently planned to be conducted without conflict with the rights of others, except to the extent that the failure to own or possess the right to use such intellectual property would not have a Material Adverse Effect. As of the Closing Date, except as described in Schedule 3.14 3.13 to this Agreement sets forth a true and correct list and description of each Agreement, no such patent, trademark, service marksmark, trade name, copyright, license, franchise and permit and right with respect to the foregoing. Except as described in Schedule 3.14 to this Agreement, no patent, trademark, service xxxx, trade name, copyrights, license, franchise or permit or right with respect to any of the foregoing is of material importance to the assets, business, operations or financial condition of any Loan Party or any Domestic Subsidiary of a such Loan Party and there is no reason to anticipate any material liability to any Loan Party or any Domestic Subsidiary of a such Loan Party in respect to of any claim of infringement of any of the foregoing.