Common use of Grant of Nonexclusive License Clause in Contracts

Grant of Nonexclusive License. The Borrower hereby grants to the Lender a royalty free nonexclusive irrevocable license to use, apply, and affix any trademark, trade name, logo, or the like in which the Borrower now or hereafter has rights, such license being with respect to the Lender's exercise of the rights hereunder including, without limitation, in connection with any completion of the manufacture of Inventory or sale or other disposition of Inventory.

Grant of Nonexclusive License. The Borrower hereby grants to the Lender Agent a royalty free nonexclusive irrevocable license to use, apply, and affix any trademark, trade name, logo, or the like in which the Borrower now or hereafter has rights, such license being with respect to the LenderAgent's exercise of the rights hereunder including, without limitation, in connection with any completion of the manufacture of Inventory or sale or other disposition of Inventory.

Grant of Nonexclusive License. The Borrower hereby grants to the Lender Agent a royalty free nonexclusive irrevocable license to use, apply, and affix any trademark, trade name, logo, or the like in which the Borrower now or hereafter has rights, such license being with respect to the Lender's Agent’s exercise of the rights hereunder including, without limitation, in connection with any completion of the manufacture of Inventory or sale or other disposition of Inventory.

Grant of Nonexclusive License. The Borrower hereby grants to the Lender a royalty free nonexclusive irrevocable license to use, apply, and affix any trademark, trade nametradename, logo, or the like in which the Borrower now or hereafter has rights, such license being with respect to the Lender's exercise of the rights hereunder including, without limitation, in connection with any completion of the manufacture of Inventory or sale or other disposition of Inventory.

Grant of Nonexclusive License. The Borrower hereby grants to the ----------------------------- Lender a royalty free nonexclusive irrevocable license to use, apply, and affix any trademark, trade nametradename, logo, or the like in which the Borrower now or hereafter has rights, such license being with respect to the Lender's exercise of the rights hereunder including, without limitation, in connection with any completion of the manufacture of Inventory or sale or other disposition of Inventory.

Grant of Nonexclusive License. The Borrower hereby grants to the Lender a royalty free nonexclusive irrevocable license to use, apply, and affix any trademark, trade nametradename, logo, or the like in which the Borrower now or hereafter has rights, such license being with respect to the Lender's exercise of the rights hereunder under Article 11 of this Agreement, including, without limitation, in connection with any completion of the manufacture of Inventory or sale or other disposition of Inventory.

Grant of Nonexclusive License. The Each Principal Borrower hereby grants to the Lender upon and during the continuance of an Event of Default, a royalty free nonexclusive irrevocable license to use, apply, and affix any trademark, trade nametradename, logo, or the like in which the that Principal Borrower now or hereafter has rights, such license being with respect to the Lender's exercise of the rights hereunder including, without limitation, in connection with any completion of the manufacture of Inventory or sale or other disposition of Inventory.

Grant of Nonexclusive License. The Borrower hereby grants to the Lender a royalty royalty-free nonexclusive irrevocable license to to, upon the occurrence and during the continuance of an Event of Default, use, apply, and affix any trademark, trade name, logo, or the like in which the Borrower now or hereafter has rights, such license being with respect to the Lender's exercise of the rights hereunder including, without limitation, in connection with any completion of the manufacture of Inventory or sale or other disposition of Inventory.

Grant of Nonexclusive License. The Borrower Obligors hereby grants to the Lender a royalty free nonexclusive irrevocable license to use, apply, and affix any trademark, trade name, logo, or the like in which the Borrower Obligors now or hereafter has rights, such license being with respect limited to the Lender's ’s exercise of the rights under Article XII hereunder including, without limitation, in connection with any completion of the manufacture of Inventory or sale or other disposition of Inventory.

Grant of Nonexclusive License. The Each Borrower hereby grants to the Lender a royalty free nonexclusive irrevocable license to use, apply, and affix any trademark, trade name, logo, or the like in which the any Borrower now or hereafter has rights, such license being solely with respect to the Lender's ’s exercise of the rights hereunder including, without limitation, in connection with any completion of the manufacture of Inventory or sale or other disposition of Inventory.

Grant of Nonexclusive License. The Each Borrower hereby grants to the Lender a royalty free nonexclusive irrevocable license to use, apply, and affix any trademark, trade name, logo, or the like in which the any Borrower now or hereafter has rights, such license being solely with respect to the Lender's exercise of the rights hereunder including, without limitation, in connection with any completion of the manufacture of Inventory or sale or other disposition of Inventory.

Grant of Nonexclusive License. The Borrower hereby grants to ----------------------------- the Lender a royalty free nonexclusive irrevocable license to use, apply, and affix any trademark, trade nametradename, logo, or the like in which the Borrower now or hereafter has rights, such license being with respect to the Lender's exercise of the rights hereunder hereunder, upon or after the occurrence of an Event of Default hereunder, including, without limitation, in connection with any completion of the manufacture of Inventory or sale or other disposition of Inventory.