Common use of License for Use of Software and Other Intellectual Property Clause in Contracts

License for Use of Software and Other Intellectual Property. Each Borrower hereby grants to the Lender a license or other right to use, without charge, all computer software programs, data bases, processes, trademarks, tradenames, copyrights, labels, trade secrets, service marks, advertising materials and other rights, assets and materials used by such Borrower in connection with its businesses or in connection with the Collateral.

Appears in 3 contracts

Samples: Loan and Security Agreement (Del Global Technologies Corp), Loan and Security Agreement (Del Global Technologies Corp), Loan and Security Agreement (Del Global Technologies Corp)

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License for Use of Software and Other Intellectual Property. Each The Borrower hereby grants to the Lender a license or other right to use, without charge, all computer software programs, data bases, processes, trademarks, tradenames, copyrights, labels, trade secrets, service marks, advertising materials and other rights, assets and materials used by such the Borrower in connection with its businesses or in connection with the Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Grand Toys International LTD)

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