Limited License to Liquidate Sample Clauses

Limited License to Liquidate. Each Borrower hereby grants to the Lender, for the benefit of itself and the Lender: (a) a non-exclusive, royalty-free license or other right to use, without charge, all of such Borrower’s Intellectual Property (including all rights of use of any name or trade secret) as it pertains to the Collateral, in manufacturing, advertising for sale and selling any Collateral and (b) to the extent permitted thereunder, all of such Borrower’s rights under all licenses and all franchise agreements, which shall inure to the Lender for the benefit of itself and the Lender without charge.
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Limited License to Liquidate. The Borrower hereby grants to the Agent for the benefit of the Banks: (a) a non-exclusive, royalty-free license or other right to use, without charge, all of the Borrower's Intellectual Property (including all rights of use of any name or trade secret) as it pertains to the Collateral, in manufacturing, advertising for sale and selling any Collateral; PROVIDED, HOWEVER, that such license and right to use shall be exercisable by the Agent for the benefit of the Banks only upon request by the Agent after the occurrence of an Event of Default which has not been waived in writing by the Required Banks, and (b) to the extent permitted thereunder, all of the Borrower's rights under all licenses and all franchise agreements which shall inure to the Agent for the benefit of the Banks without charge but only upon request by the Agent after the occurrence of an Event of Default which has not been waived in writing by the Required Banks.
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Limited License to Liquidate. 47 11.8 Appointment of Attorney-in-Fact..................................................................................................... 47 12. INDEMNIFICATION............................................................................................................................. 48
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Limited License to Liquidate. Each of the Borrowers hereby grants to the Administrative Agent for the benefit of the Banks, the Designated Swing Line Lenders and Designated Letter of Credit Issuers: (a) a non-exclusive, royalty-free license or other right to use, without charge, all of such Borrower's Intellectual Property (including all rights of use of any name or trade secret) as it pertains to the Collateral, in manufacturing, advertising for sale and selling any Collateral; provided, however, that such license and right to use shall be exercisable by the Administrative Agent for the benefit of the Banks only upon request by the Administrative Agent after the occurrence of an Event of Default which is continuing and has not been waived in accordance with Section 14.1 hereof, and (b) to the extent permitted thereunder, all of such Borrower's rights under all licenses and all franchise agreements, which shall inure to the Administrative Agent for the benefit of the Banks, the Designated Swing Line Lenders and Designated Letter of Credit Issuers without charge but only upon request by the Administrative Agent after the occurrence of an Event of Default which is continuing and has not been waived in accordance with Section 14.1 hereof.
Sample 1
Limited License to Liquidate. Each Borrower hereby grants to the Administrative Agent, for the benefit of itself, the Lenders and the LC Issuer: (a) a non-exclusive, royalty-free license or other right to use, without charge, all of such Borrower’s Intellectual Property (including all rights of use of any name or trade secret) as it pertains to the Collateral, in manufacturing, advertising for sale and selling any Collateral; provided, however, that such license and right to use shall be exercisable by the Administrative Agent for the benefit of the Lenders only upon request by the Administrative Agent after the occurrence of an Event of Default which is continuing; and (b) to the extent permitted thereunder, all of such Borrower’s rights under all licenses and all franchise agreements, which shall inure to the Administrative Agent for the benefit of itself, the Lenders and the LC Issuer without charge but only upon request by the Administrative Agent after the occurrence of an Event of Default which is continuing.
Sample 1
Limited License to Liquidate. Each Borrower hereby grants to the Administrative Agent and its agents: (a) a non-exclusive, royalty-free license or other right to use, without charge, the Intellectual Property owned by each Borrower or used by such Borrower pursuant to licenses thereof (but only to the extent that a sub-license may be granted under such licenses (including all rights of use of any name or trade secret): (i) to use, sell or otherwise transfer any and all Inventory of such Borrower constituting Collateral which may bear or utilize any of the Borrower's Intellectual Property; (ii) to use or sell any such work-in-process, raw material or completed or finished products; (iii) to accept any and all orders or shipments of products ordered by such Borrower from manufacturers and (iv) to use or sell any such products bearing or utilizing any of the Borrower Intellectual Property and (v) to manufacture and advertise for sale the Collateral; provided, however, that such license and right to use shall be exercisable by the Administrative Agent only after the occurrence of an Event of Default which has not been waived in accordance with Section 13.1 of this Agreement, and (b) to the extent permitted thereunder, all of such Borrower's rights under all licenses and all franchise agreements which shall inure to the Administrative Agent without charge but only after the occurrence of an Event of Default which has not been waived in accordance with Section 13.1 of this Agreement.
Sample 1
Limited License to Liquidate. Each Borrower hereby grants to the Administrative Agent, for the benefit of itself, the Lenders and the LC Issuer: (a) a non-exclusive, royalty-free license or other right to use, without charge, all of such Borrower's Intellectual Property (including all rights of use of any name or trade secret, but excluding the Excluded Property) as it pertains to the Collateral, in manufacturing, advertising for sale and selling any Collateral; provided, however, that such license and right to use shall be exercisable by the Administrative Agent for the benefit of the Lenders only upon request by the Administrative Agent after the occurrence of an Event of Default which is continuing, and (b) to the extent permitted thereunder, all of such Borrower's rights under all licenses and all franchise agreements that do not constitute Excluded Property, which shall inure to the Administrative Agent for the benefit of itself, the Lenders and the LC Issuer without charge but only upon request by the Administrative Agent after the occurrence of an Event of Default which is continuing.
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Limited License to Liquidate. 99 9.12 EQUALIZATION.......................................................................................99 9.13
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Related to Limited License to Liquidate

  • Limited License Beneficiary hereby grants to Grantor a limited license (the “License”) subject to termination of the License and the other terms and provisions of Section 4, to exercise and enjoy all incidences of the status of a lessor with respect to the Rents and Leases, including the right to collect, demand, xxx for, attach, levy, recover and receive the Rents, and to give proper receipts, releases and acquittances therefor. Grantor hereby agrees to lawfully receive all Rents and hold the same as Beneficiary’s agent (for the limited purposes set forth herein) to be applied, and to apply the Rents so collected, first to the payment of the Tranche A Notes, next to the performance and discharge of the Liabilities, and next to the payment of any operating expenses of the Property. Thereafter, Grantor may use the balance of the Rents collected in any manner not inconsistent with this Deed of Trust, the Credit Agreement and the Other Documents. Neither this assignment nor the receipt of Rents by Beneficiary (except to the extent, if any, that the Rents are actually applied to the Tranche A Notes by Beneficiary upon and after such receipt) shall effect a pro tanto payment of the debt evidenced by the Tranche A Notes, and such Rents shall be applied as provided in Section 4.4 below. Furthermore, and notwithstanding the provisions of Section 4.4, no credit shall be given by Beneficiary for any Rents until the money collected is actually received by Beneficiary at its principal office, or at such other place as Beneficiary shall designate in writing, and no such credit shall be given for any Rents after termination of the License, after foreclosure or other transfer of the Property (or part thereof from which Rents are derived pursuant to this Deed of Trust) to Beneficiary or any other third party.

  • Limited Liability Company Existence (a) During the term of this Agreement, the Depositor will keep in full force and effect its existence, rights and franchises as a limited liability company under the laws of the jurisdiction of its formation and will obtain and preserve its qualification to do business in each jurisdiction in which such qualification is or shall be necessary to protect the validity and enforceability of this Agreement, the Basic Documents and each other instrument or agreement necessary or appropriate to the proper administration of this Agreement and the transactions contemplated hereby. In addition, all transactions and dealings between the Depositor and its Affiliates will be conducted on an arm’s-length basis.

  • Limited Liability Except as otherwise provided by the Act, the debts, obligations and liabilities of the Company, whether arising in contract, tort or otherwise, shall be solely the debts, obligations and liabilities of the Company, and the Member shall not be obligated personally for any such debt, obligation or liability of the Company solely by reason of being a member of the Company.

  • Limited Liability Company The Member intends to form a limited liability company and does not intend to form a partnership under the laws of the State of Delaware or any other laws.

  • The Limited Liability Company 8 2.1 Formation; Effective Date of Agreement .................................... 8 2.2 Name ...................................................................... 8 2.3 Business Purpose .......................................................... 9 2.4 Powers .................................................................... 9 2.5 Duration .................................................................. 9 2.6 Registered Office and Registered Agent .................................... 9 2.7

  • Limited Liability of Members No Member shall be liable for any debts or obligations of the Company beyond the amount of the Capital Contributions made by such Member.

  • Formation of Limited Liability Company The Company was formed on January 13, 2017, pursuant to the Delaware Limited Liability Company Act, 6 Del. C. § 18-101, et seq., as amended from time to time (the “Delaware Act”), by the filing of a Certificate of Formation of the Company with the office of the Secretary of the State of Delaware. The rights and obligations of the Member and the administration of the Company shall be governed by this Agreement and the Delaware Act. To the extent this Agreement is inconsistent in any respect with the Delaware Act, this Agreement shall control.

  • Limited Liability of Limited Partners (1) Each Unit of Limited Partnership Interest, when purchased by a Limited Partner, subject to the qualifications set forth below, shall be fully paid and non-assessable.

  • Limited Liability Company Interests Interests in the Company shall be represented by Units, or such other Equity Securities in the Company, or such other Company securities, in each case as the Managing Member may establish in its sole discretion in accordance with the terms hereof. As of the date hereof, the Units are comprised of one Class: “Class A Units”.

  • Fifth Amended and Restated Limited Liability Company Operating Agreement Dated as of November 30, 2012

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