Common use of Proprietary Rights; Licenses Clause in Contracts

Proprietary Rights; Licenses. The Company and each of its Subsidiaries have all Proprietary Rights and Licenses as are necessary for the conduct of their respective businesses as now conducted and now proposed to be conducted, without any known conflict with the rights of others, except where the failure to have any such Proprietary Right and/or License has not resulted in, and could not reasonably be expected to result in, a Material Adverse Change. Each such Proprietary Right and License is in full force and effect, all material obligations with respect thereto have been fulfilled and performed and there is no infringement thereon by any other Person. No default in the performance or observance by the Company or any of its Subsidiaries (or any of the predecessors in interest to the Company or any of its Subsidiaries) of their respective obligations thereunder has occurred which permits, or after notice of lapse of time or both would permit, the revocation or termination of any Proprietary Right or License which has resulted in, or could reasonably be expected to result in, a Material Adverse Change.

Proprietary Rights; Licenses. The Holding Company and each of its Subsidiaries have all Proprietary Rights and Licenses as are necessary for the conduct of their respective businesses as now conducted and now proposed to be conducted, without any known conflict with the rights of others, except where the failure to have any such Proprietary Right and/or License has not resulted in, and could not reasonably be expected to result in, a Material Adverse Change. Each such Proprietary Right and License is in full force and effect, all material obligations with respect thereto have been fulfilled and performed and and, to the knowledge of the Issuers, there is no material infringement thereon by any other Person. No default in the performance or observance by the Holding Company or any of its Subsidiaries (or any of the their predecessors in interest to the Company or any interest) of its Subsidiaries) of their respective obligations thereunder has occurred which permits, or after notice of lapse of time or both would permit, the revocation or termination of any Proprietary Right or License which has resulted in, or could reasonably be expected to result in, a Material Adverse Change.

Proprietary Rights; Licenses. The To the actual knowledge of the Company, the Company and each of its Subsidiaries have all Proprietary Rights and Licenses as are necessary adequate for the conduct of their respective businesses (including, without limitation, in connection with the Acquired Businesses) as now conducted and now proposed to be conducted, without any known conflict with the rights of others, except where the failure to have any such Proprietary Right and/or License has not resulted in, and could not reasonably be expected to result in, a Material Adverse Change. Each such Proprietary Right and License is in full force and effect, all material obligations with respect thereto have been fulfilled and performed by the Company or the applicable Subsidiary and there is no known infringement thereon by any other PersonPerson that has resulted in, or could reasonably be expected to result in, a Material Adverse Effect. No default in the performance or observance by the Company or and/or any of its Subsidiaries (or any of the their respective predecessors in interest to the Company or any interest) of its Subsidiaries) of their respective obligations thereunder has occurred which permits, or after notice of lapse of time or both would permit, the revocation or termination of any material Proprietary Right or License or which has resulted in, or could reasonably be expected to result in, a Material Adverse Change.

Proprietary Rights; Licenses. The Holding Company and each of its -------------------------------- Subsidiaries have all Proprietary Rights and Licenses as are necessary adequate for the conduct of their respective businesses as now conducted and now proposed to be conducted, without any known conflict with the rights of others, except where the failure to have any such Proprietary Right and/or License has not resulted in, and could not reasonably be expected to result in, a Material Adverse Change. Each such Proprietary Right and License is in full force and effect, all material obligations of the Holding Company and its Subsidiaries, as the case may be, with respect thereto have been fulfilled and performed and performed, and, to the best of the Holding Company's knowledge, there is no infringement thereon by any other Person. No default in the performance or observance by the Holding Company or and/or any of its Subsidiaries (or any of the their respective predecessors in interest to the Company or any interest) of its Subsidiaries) of their respective obligations thereunder has occurred which permits, or after notice of lapse of time or both would permit, the revocation or termination of any material Proprietary Right or License or which has resulted in, or could reasonably be expected to result in, a Material Adverse Change.