Examples of Collateral License in a sentence
This Agreement shall automatically terminate, the Collateral License shall automatically terminate and the Collateral Agent and the Credit Parties shall no longer have any rights thereunder, upon the termination of the Commitments and all Secured Obligations (other than contingent indemnification obligations as to which no claim has been asserted) becoming Fully Satisfied and the expiration or termination of all Letters of Credit or the Cash Collateralization of any LC Obligations.
For the avoidance of doubt, subject to the restrictions expressly provided above, the Collateral License permits the Collateral Agent and its agents to access and use, solely in the exercise of rights and remedies under Article VI hereof, all the Grantors’ databases and data compilations in which all or any portion of any Collateral Data is stored.
Further, such rights shall be subject to no restriction following an election by Licensors to reject or terminate the Collateral License Agreement or this Agreement.
Especially since some of these fish will apparently be natural production from other portions of the McKenzie River, these numbers should be better explained.
Such rights shall be exclusive and either renewable or perpetual to the extent so provided under the Collateral License Agreement.
This Agreement serves as a contract supplementary to the Collateral License Agreement and any other license agreement by or among the parties or any two of them, which relates to the Collateral.
Customer shall indemnify, defend and hold harmless the Company Indemnitees from any and all Losses and threatened Losses due to third party claims arising out of or in connection with Customer's use of Oracle's Database Software other than as permitted under the Oracle Software Collateral License Agreement.
The description of the possible occurrences that would constitute an Event of Default, and the consequences thereof, shall create no presumption that Licensors may or should be permitted to reject or terminate the Collateral License Agreement under applicable law.
In the event that Licensors or their representatives reject or terminate the Collateral License Agreement or this Agreement in breach of the provisions thereof or hereof, including as contemplated under Section 365 of the United Bankruptcy Code, it is acknowledged that this Agreement contemplates the manner in which Licensee may retain its rights in the Collateral, including associated Intellectual Property, if Licensee chooses to do so in accordance with Section 365(n) of the Bankruptcy Code.
Lender may exercise the rights granted pursuant to the Collateral License Agreement attached hereto as EXHIBIT 6.