Common use of Grant of Intellectual Property License Clause in Contracts

Grant of Intellectual Property License. For the purpose of enabling the Lender to exercise the rights and remedies under this Article V at such time as the Lender shall be lawfully entitled to exercise such rights and remedies, the Grantor hereby (a) grants to the Lender an irrevocable, nonexclusive license (exercisable without payment of royalty or other compensation to the Grantor) to use, license or sublicense any Intellectual Property Rights now owned or hereafter acquired by the Grantor, and wherever the same may be located, and including, without limitation, in such license access to all media in which any of the licensed items may be recorded or stored and to all computer software and programs used for the compilation or printout thereof and (b) irrevocably agrees that the Lender may sell any of the Grantor’s Inventory directly to any Person, including, without limitation, Persons who have previously purchased the Grantor’s Inventory from the Grantor and in connection with any such sale or other enforcement of the Lender’s rights under this Security Agreement, may sell Inventory which bears any Trademark owned by or licensed to the Grantor and any Inventory that is covered by any Copyright owned by or licensed to the Grantor and the Lender may finish any work in process and affix any Trademark owned by or licensed to the Grantor and sell such Inventory as provided herein.

Grant of Intellectual Property License. For the purpose of enabling the Lender Collateral Agent to exercise the rights and remedies under this Article V at such time as the Lender shall be lawfully entitled to exercise such rights and remediesV, the each Grantor hereby (a) grants to the Lender Collateral Agent, for the benefit of the Collateral Agent and the other Secured Parties, an irrevocable, nonexclusive license (exercisable without payment of royalty or other compensation to the any Grantor) to use, license or sublicense any Intellectual Property Rights intellectual property rights now owned or hereafter acquired by the such Grantor, and wherever the same may be located, and including, without limitation, including in such license access to all media in which any of the licensed items may be recorded or stored and to all computer software and programs used for the compilation or printout thereof and (b) irrevocably agrees that the Lender Collateral Agent may sell any of the such Grantor’s Inventory directly to any Personperson, including, including without limitation, Persons limitation persons who have previously purchased the Grantor’s Inventory from the such Grantor and in connection with any such sale or other enforcement of the LenderCollateral Agent’s rights under this Security Agreement, may sell Inventory which bears any Trademark owned by or licensed to the such Grantor and any Inventory that is covered by any Copyright owned by or licensed to the such Grantor and the Lender Collateral Agent may finish any work in process and affix any Trademark owned by or licensed to the such Grantor and sell such Inventory as provided herein. Notwithstanding the foregoing, the Collateral Agent agrees not to exercise any rights or remedies granted pursuant to this Section 5.4 unless an Event of Default has occurred and is continuing.

Grant of Intellectual Property License. For the purpose of enabling the Lender Agent to exercise the rights and remedies under this Article V at such time as the Lender Agent shall be lawfully entitled to exercise such rights and remedies, the Grantor hereby (a) grants to the Lender Agent an irrevocable, nonexclusive license (exercisable without payment of royalty or other compensation to the Grantor) to use, license or sublicense any Intellectual Property Rights now owned or hereafter acquired by the Grantor, and wherever the same may be located, and including, without limitation, including in such license access to all media in which any of the licensed items may be recorded or stored and to all computer software and programs used for the compilation or printout thereof and (b) irrevocably agrees that the Lender Agent may sell any of the Grantor’s Inventory directly to any Personperson, including, including without limitation, Persons limitation persons who have previously purchased the Grantor’s Inventory from the Grantor and in connection with any such sale or other enforcement of the LenderAgent’s rights under this Security Agreement, may sell Inventory which bears any Trademark owned by or licensed to the Grantor and any Inventory that is covered by any Copyright owned by or licensed to the Grantor and the Lender Agent may finish any work in process and affix any Trademark owned by or licensed to the Grantor and sell such Inventory as provided herein.

Grant of Intellectual Property License. For the purpose of enabling the Lender to exercise the rights and remedies under this Article V at such time as the Lender shall be lawfully entitled to exercise such rights and remedies, the Grantor hereby (a) grants to the Lender an irrevocable, nonexclusive license (exercisable without payment of royalty or other compensation to the Grantor) to use, license or sublicense any Intellectual Property property Rights now owned or hereafter acquired by the Grantor, and wherever the same may be located, and including, without limitation, including in such license access to all media in which any of the licensed items may be recorded or stored and to all computer software and programs used for the compilation or printout thereof and (b) irrevocably agrees that the Lender may sell any of the Grantor’s Inventory directly to any Personperson, including, including without limitation, Persons limitation persons who have previously purchased the Grantor’s Inventory from the Grantor and in connection with any such sale or other enforcement of the Lender’s rights under this Security Agreement, may sell Inventory which bears any Trademark owned by or licensed to the Grantor and any Inventory that is covered by any Copyright owned by or licensed to the Grantor and the Lender may finish any work in process and affix any Trademark owned by or licensed to the Grantor and sell such Inventory as provided herein.

Grant of Intellectual Property License. For the purpose of enabling the Lender Agent to exercise the rights and remedies under this Article V at such time as the Lender Agent shall be lawfully entitled to exercise such rights and remedies, the each Grantor hereby (a) grants to the Lender Agent an irrevocable, nonexclusive license (exercisable without payment of royalty or other compensation to the any Grantor) to use, license or sublicense any Intellectual Property Rights intellectual property rights now owned or hereafter acquired by the such Grantor, and wherever the same may be located, and including, without limitation, including in such license access to all media in which any of the licensed items may be recorded or stored and to all computer software and programs used for the compilation or printout thereof and (b) irrevocably agrees that the Lender Agent may sell any of the such Grantor’s Inventory directly to any Personperson, including, including without limitation, Persons limitation persons who have previously purchased the Grantor’s Inventory from the such Grantor and in connection with any such sale or other enforcement of the LenderAgent’s rights under this Security Agreement, may sell Inventory which bears any Trademark owned by or licensed to the such Grantor and any Inventory that is covered by any Copyright owned by or licensed to the such Grantor and the Lender Agent may finish any work in process and affix any Trademark owned by or licensed to the such Grantor and sell such Inventory as provided herein.

Grant of Intellectual Property License. For the purpose of enabling the Lender to exercise the rights and remedies under this Article V at such time as the Lender shall be lawfully entitled to exercise such rights and remedies, the Grantor hereby (a) grants to the Lender an irrevocable, nonexclusive license (exercisable without payment of royalty or other compensation to the Grantor) to use, license or sublicense any Intellectual Property Rights now owned or hereafter acquired by the Grantor, and wherever the same may be located, and including, without limitation, including in such license access to all media in which any of the licensed items may be recorded or stored and to all computer software and programs used for the compilation or printout thereof and (b) irrevocably agrees that the Lender may sell any of the Grantor’s Inventory directly to any Personperson, including, including without limitation, Persons limitation persons who have previously purchased the Grantor’s Inventory from the Grantor and in connection with any such sale or other enforcement of the Lender’s rights under this Security Agreement, may sell Inventory which bears any Trademark owned by or licensed to the Grantor and any Inventory that is covered by any Copyright owned by or licensed to the Grantor and the Lender may finish any work in process and affix any Trademark owned by or licensed to the Grantor and sell such Inventory as provided herein.

Grant of Intellectual Property License. For the purpose of enabling the Lender to exercise the rights and remedies under this Article V at such time as the Lender shall be lawfully entitled to exercise such rights and remedies, the each Grantor hereby (a) grants to the Lender an irrevocable, nonexclusive license (exercisable without payment of royalty or other compensation to the any Grantor) to use, license or sublicense any Intellectual Property Rights intellectual property rights now owned or hereafter acquired by the such Grantor, and wherever the same may be located, and including, without limitation, including in such license access to all media in which any of the licensed items may be recorded or stored and to all computer software and programs used for the compilation or printout thereof and (b) irrevocably agrees that the Lender may sell any of the such Grantor’s Inventory directly to any Personperson, including, including without limitation, Persons limitation persons who have previously purchased the Grantor’s Inventory from the such Grantor and in connection with any such sale or other enforcement of the Lender’s rights under this Security Agreement, may sell Inventory which bears any Trademark owned by or licensed to the such Grantor and any Inventory that is covered by any Copyright owned by or licensed to the such Grantor and the Lender may finish any work in process and affix any Trademark owned by or licensed to the such Grantor and sell such Inventory as provided herein.

Grant of Intellectual Property License. For the purpose of enabling the Lender Secured Parties to exercise the rights and remedies under this Article V at such time as the Lender Secured Parties shall be lawfully entitled to exercise such rights and remedies, the Grantor hereby (a) grants to the Lender Secured Parties an irrevocable, nonexclusive license (exercisable without payment of royalty or other compensation to the Grantor) to use, license or sublicense any Intellectual Property Rights now owned or hereafter acquired by the Grantor, and wherever the same may be located, and including, without limitation, including in such license access to all media in which any of the licensed items may be recorded or stored and to all computer software and programs used for the compilation or printout thereof and (b) irrevocably agrees that the Lender Secured Parties may sell any of the Grantor’s Inventory directly to any Personperson, including, including without limitation, Persons limitation persons who have previously purchased the Grantor’s Inventory from the Grantor and in connection with any such sale or other enforcement of the Lender’s Secured Parties’ rights under this Security Agreement, may sell Inventory which bears any Trademark owned by or licensed to the Grantor and any Inventory that is covered by any Copyright owned by or licensed to the Grantor and the Lender Secured Parties may finish any work in process and affix any Trademark owned by or licensed to the Grantor and sell such Inventory as provided herein.

Grant of Intellectual Property License. For the purpose of enabling the Lender Secured Party to exercise the rights and remedies under this Article V at such time as the Lender Secured Party shall be lawfully entitled to exercise such rights and remedies, the each Grantor hereby (a) grants to the Lender Secured Party an irrevocable, nonexclusive license (exercisable without payment of royalty or other compensation to the such Grantor) to use, license or sublicense any Intellectual Property Rights intellectual property rights now owned or hereafter acquired by the such Grantor, and wherever the same may be located, and including, without limitation, including in such license access to all media in which any of the licensed items may be recorded or stored and to all computer software and programs used for the compilation or printout thereof and (b) irrevocably agrees that the Lender Secured Party may sell any of the such Grantor’s Inventory directly to any Personperson, including, including without limitation, Persons limitation persons who have previously purchased the such Grantor’s Inventory from the such Grantor and in connection with any such sale or other enforcement of the LenderSecured Party’s rights under this Security Agreement, may sell Inventory which bears any Trademark owned by or licensed to the such Grantor and any Inventory that is covered by any Copyright owned by or licensed to the such Grantor and the Lender Secured Party may finish any work in process and affix any Trademark owned by or licensed to the such Grantor and sell such Inventory as provided herein.

Grant of Intellectual Property License. For the purpose of enabling the Lender to exercise the rights and remedies under this Article V at such time as the Lender shall be lawfully entitled to exercise such rights and remedies, the Grantor hereby (a) grants to the Lender an irrevocable, nonexclusive license (exercisable without payment of royalty or other compensation to the Grantor) to use, license or sublicense any Intellectual Property Rights now owned or hereafter acquired by the Grantor, and wherever the same may be located, and including, without limitation, including in such license access to all media in which any of the licensed items may be recorded or stored and to all computer software and programs used for the compilation or printout thereof and (b) irrevocably agrees that the Lender may sell any of the Grantor’s Inventory directly to any Personperson, including, including without limitation, Persons limitation persons who have previously purchased the Grantor’s Inventory from the Grantor and in connection with any such sale or other enforcement of the Lender’s rights under this Security Agreement, may sell Inventory which bears any Trademark owned by or licensed to the Grantor and any Inventory that is covered by any Copyright owned by or licensed to the Grantor and the Lender may finish any work in process and affix any Trademark owned by or licensed to the Grantor and sell such Inventory as provided herein.

Grant of Intellectual Property License. For the purpose of enabling the Lender Administrative Agent to exercise the rights and remedies under this Article V at such time as the Lender Administrative Agent shall be lawfully entitled to exercise such rights and remediesremedies (including in order to take possession of, the collect, receive, assemble, process, appropriate, remove, realize upon, sell, assign, convey, transfer or grant options to purchase any Collateral), each Grantor hereby (a) grants to the Lender Administrative Agent, for the benefit of the Administrative Agent and the other Secured Parties, an irrevocable, nonexclusive worldwide license (exercisable without payment of royalty or other compensation to any Grantor), including in such license the Grantor) right to use, license license, sublicense or sublicense practice any Intellectual Property Rights now owned or hereafter acquired by the such Grantor, and wherever the same may be located, and including, without limitation, including in such license access to all media in which any of the licensed items may be recorded or stored and to all computer software Software and programs used for the compilation or printout thereof and (b) irrevocably agrees that the Lender Administrative Agent may sell any of the such Grantor’s Inventory assets directly to any Personperson, including, including without limitation, Persons limitation persons who have previously purchased the Grantor’s Inventory assets from the such Grantor and in connection with any such sale or other enforcement of the LenderAdministrative Agent’s rights under this Security Agreement, may sell Inventory any asset which bears any Trademark owned by or licensed to the such Grantor and any Inventory asset that is covered by any Copyright owned by or licensed to the such Grantor and the Lender Administrative Agent may (but shall have no obligation to) finish any work in process and affix any Trademark owned by or licensed to the such Grantor and sell such Inventory asset as provided herein.