Common use of Right to Use; Title Clause in Contracts

Right to Use; Title. The Target or one of its Subsidiaries is the sole and exclusive owner of all right, title and interest in and to, or has the valid right to use all Intellectual Property used or held for use in or necessary for the conduct of the business of the Target and its Subsidiaries as currently conducted and contemplated (“Target IP”), free and clear of all Liens other than Permitted Liens, except as would not reasonably be expected to have, individually or in the aggregate, a Target Material Adverse Effect.

Right to Use; Title. The Target or one of its Subsidiaries is the sole and exclusive legal and beneficial owner of all right, title title, and interest in and toto the Target-Owned IP, or and has the valid and enforceable right to use and practice all other Intellectual Property used or held for use practiced in or necessary for the conduct of the business of the Target and its Subsidiaries as currently conducted and contemplated as proposed to be conducted (“all of the foregoing, collectively, the "Target IP”"), in each case, free and clear of all Liens other than Permitted Liens, except as would not reasonably be expected to have, individually or in the aggregate, a Target Material Adverse Effect.