Common use of License of Intellectual Property Clause in Contracts

License of Intellectual Property. Debtor hereby assigns, transfers and conveys to Lender, effective upon the occurrence of any Event of Default, the nonexclusive right and license to use all Intellectual Property owned or used by Debtor together with any goodwill associated therewith, all to the extent necessary to enable Lender to realize on the Collateral and any successor or assign to enjoy the benefits of the Collateral. This right and license shall inure to the benefit of all successors, assigns and transferees of Lender and its successors, assigns and transferees, whether by voluntary conveyance, operation of law, assignment, transfer, foreclosure, deed in lieu of foreclosure or otherwise. Such right and license is granted free of charge, without requirement that any monetary payment whatsoever be made to Debtor by Lender.

License of Intellectual Property. Debtor Borrower hereby assigns, transfers and conveys to LenderAgent, effective upon the occurrence of any Event of DefaultDefault hereunder, the nonexclusive right and license to use all Intellectual Property owned or used by Debtor Borrower together with any goodwill associated therewith, all to the extent necessary to enable Lender Agent to realize on the Collateral and any successor or assign to enjoy the benefits of the Collateral. This right and license shall inure to the benefit of all successors, assigns and transferees of Lender Agent and its successors, assigns and transferees, whether by voluntary conveyance, operation of law, assignment, transfer, foreclosure, deed in lieu of foreclosure or otherwise. Such right and license is granted free of charge, without requirement that any monetary payment whatsoever be made to Debtor Borrower by LenderAgent.

License of Intellectual Property. Debtor Each Borrower hereby assigns, transfers and conveys to Lender, effective upon during the occurrence existence of any Event of DefaultDefault hereunder, the nonexclusive non-exclusive right and license to use all Intellectual Property owned or used by Debtor such Borrower together with any goodwill associated therewith, all to the extent necessary to enable Lender to realize on the Collateral and any successor or assign to enjoy the benefits of the Collateral. This right and license shall inure to the benefit of all successors, assigns and transferees of Lender and its successors, assigns and transferees, whether by voluntary conveyance, operation of law, assignment, transfer, foreclosure, deed in lieu of foreclosure or otherwise. Such right and license is granted free of charge, without requirement that any monetary payment whatsoever be made to Debtor Borrowers by Lender.

License of Intellectual Property. Debtor hereby assigns, transfers and conveys to Lender, effective upon the occurrence and during the continuance of any Event of DefaultDefault hereunder, the nonexclusive right and license to use all Intellectual Property owned or used by Debtor together with any goodwill associated therewith, all to the extent necessary to enable Lender to realize on the Collateral and any successor or assign to enjoy the benefits of the CollateralCollateral to the extent permitted by the terms of such Intellectual Property. This right and license shall inure to the benefit of all successors, assigns and transferees of Lender and all of its successors, assigns and transferees, whether by voluntary conveyance, operation of law, assignment, transfer, foreclosure, deed in lieu of foreclosure or otherwise. Such right and license is granted free of charge, without requirement that any monetary payment whatsoever be made to Debtor by Lender.

License of Intellectual Property. Debtor Borrowers hereby assignsassign, transfers transfer and conveys convey to Lender, effective upon the occurrence of any Event of DefaultDefault hereunder, the nonexclusive non-exclusive right and license to use all Intellectual Property owned or used by Debtor Borrowers together with any goodwill associated therewith, all to the extent necessary to enable Lender to realize on the Collateral and any successor or assign to enjoy the benefits of the Collateral. This right and license shall inure to the benefit of all successors, assigns and transferees of Lender and its successors, assigns and transferees, whether by voluntary conveyance, operation of law, assignment, transfer, foreclosure, deed in lieu of foreclosure or otherwise. Such right and license is granted free of charge, without requirement that any monetary payment whatsoever be made to Debtor Borrowers by Lender.

License of Intellectual Property. Debtor Borrower hereby assigns, transfers and conveys to Lender, effective upon the occurrence of any Event of DefaultDefault hereunder, the nonexclusive right and license to use all Intellectual Property owned or used by Debtor Borrower together with any goodwill associated therewith, all to the extent necessary to enable Lender to realize on the Collateral and any successor or assign to enjoy the benefits of the Collateral. This right and license shall inure to the benefit of all successors, assigns and transferees of Lender and its successors, assigns and transferees, whether by voluntary conveyance, operation of law, assignment, transfer, foreclosure, deed in lieu of foreclosure or otherwise. Such right and license is granted free of charge, without requirement that any monetary payment whatsoever be made to Debtor Borrower by Lender.

License of Intellectual Property. Debtor Borrower hereby assigns, transfers and conveys to Lender, effective upon the occurrence of any Event of DefaultDefault hereunder, the nonexclusive non-exclusive right and license to use all Intellectual Property owned or used by Debtor it together with any goodwill associated therewith, all to the extent necessary to enable Lender to realize on the Collateral and any successor or assign to enjoy the benefits of the Collateral. This right and license shall inure to the benefit of all successors, assigns and transferees of Lender and its successors, assigns and transferees, whether by voluntary conveyance, operation of law, assignment, transfer, foreclosure, deed transfer in lieu of foreclosure or otherwise. Such right and license is granted free of charge, without requirement that any monetary payment whatsoever be made to Debtor Borrower by Lender.