Facility IP Licenses Clause Samples

Facility IP Licenses. Owners’ rights with respect to Facility IP shall be governed by the provisions of Exhibits G (IP License) and F (Facility IP License in the Event of a Triggering Event), which shall be executed in parallel to this Agreement and the terms of which are incorporated herein by reference. The sale or license of any Facility IP by Service Provider or its Affiliates shall not be free and clear of, or otherwise adversely effect, any license of Facility IP granted to Owners under the Agreement and Exhibits F (Facility IP License in the Event of a Triggering Event) and G (IP License), pursuant to Section 363 of the Bankruptcy Code or other applicable law.