Common use of Representations, Warranties and Covenants of Licensee Clause in Contracts

Representations, Warranties and Covenants of Licensee. Licensee represents, warrants and covenants that, as of the Effective Date: 7.2.1. Licensees are corporations, duly organized validly existing and in good standing under the laws of its state of incorporation; 7.2.2. The execution, delivery and performance of this Agreement has been duly authorized by all necessary corporate action on the part of Licensees; and 7.2.3. Licensee will not practice any of the rights in, to or under the Licensed Patents or Joint Patents outside of the Field.

Representations, Warranties and Covenants of Licensee. Licensee represents, represents warrants and covenants that, as of the Effective Date: 7.2.1. Licensees are corporationsLicensee is corporation, duly organized validly existing and in good standing under the laws of its state of incorporation; 7.2.2. The execution, delivery and performance of this Agreement has been duly authorized by all necessary corporate action on the part of Licensees; and 7.2.3. Licensee will not practice any of the rights in, to or under the Licensed Patents or Joint Patents outside of the Field.