Common use of XXX STCs License Clause in Contracts

XXX STCs License. Licensee hereby grants to Licensor a non-exclusive, irrevocable, perpetual, sub-licensable, non-transferable, fully paid-up license (the “XXX STC License”) to “in-draw” (as that term is used by the applicable domestic or foreign aviation authority) one or more XXX STCs into Licensor’s Type Certificate for the Caravan or otherwise install a XXX STC on a Caravan prior to the certificate of airworthiness being issued by an approved FAA process for the modification of new or used Caravans, and to market, produce, and sell such modified Caravans worldwide pursuant to such XXX STCs. The forgoing license grant includes the license of any necessary underlying Intellectual Property owned or later developed by XXX related to such XXX STCs (“XXX IP”).