Common use of Licenses; Intellectual Property Clause in Contracts

Licenses; Intellectual Property. The Borrower owns or has a valid right to use the patents, patent rights, permits, licenses, trade secrets, trademarks, trademark rights, trade names or trade name rights or franchises, copyrights, inventions, and intellectual property rights being used to conduct its business as now operated and as now contemplated to be operated; and the conduct of the business of the Borrower as now operated and as now proposed to be operated, to the Borrower's knowledge, does not and will not conflict with valid patents, patent rights, permits, licenses, trade secrets, trademarks, trademark rights, trade names or trade name rights or franchises, copyrights, inventions, and intellectual property rights of others. No claim is pending or threatened to the effect that any such intellectual property owned or licensed by the Borrower or which the Borrower otherwise has the right to use, is invalid or unenforceable by the Borrower, as the case may be. The Borrower has no obligation to compensate any Person for the use of any such patents or rights, and no Person has been granted any license or other rights to use in any manner any of the patents or rights of the Borrower, whether requiring the payment of royalties or not.

Licenses; Intellectual Property. The Borrower owns or has a valid right to use the patents, patent rights, permits, licenses, trade secrets, trademarks, trademark rights, trade names or trade name rights or franchises, copyrights, inventions, and intellectual property rights being used to conduct its business as now operated and as now contemplated to be operated; and the conduct of the business of the Borrower as now operated and as now proposed to be operated, to the Borrower's knowledge, operated does not and will not conflict with valid patents, patent rights, permits, licenses, trade secrets, trademarks, trademark rights, trade names or trade name rights or franchises, copyrights, inventions, and intellectual property rights of others. No claim is pending or threatened to the effect that any such intellectual property owned or licensed by the Borrower or which the Borrower otherwise has the right to use, is invalid or unenforceable by the Borrower, as the case may be. The Except as set forth on Schedule 3.7, the Borrower has no obligation to compensate any Person other than Subsidiaries of the Borrower for the use of any such patents or rights, and no Person has been granted any license or other rights to use in any manner any of the patents or rights of the BorrowerBorrower or any Subsidiary, whether requiring the payment of royalties or not.

Licenses; Intellectual Property. The Borrower Each of the Borrowers owns or has a valid right to use the patents, patent rights, permits, licenses, trade secrets, trademarks, trademark rights, trade names or trade name rights or franchises, copyrights, inventions, and intellectual property rights being used to conduct its business as now operated and as now contemplated to be operated; and the conduct of the business of each of the Borrower Borrowers as now operated and as now proposed to be operated, to the Borrower's knowledge, operated does not and will not conflict with valid patents, patent rights, permits, licenses, trade secrets, trademarks, trademark rights, trade names or trade name rights or franchises, copyrights, inventions, and intellectual property rights of others. No claim is pending or threatened to the effect that any such intellectual property owned or licensed by any of the Borrower Borrowers or which any of the Borrower Borrowers otherwise has the right to use, is invalid or unenforceable by the BorrowerBorrowers, as the case may be. The Borrower Except as set forth on Schedule 3.7, no one of the Borrowers has no any obligation to compensate any Person for the use of any such patents or rights, and no Person has been granted any license or other rights to use in any manner any of the patents or rights of the BorrowerBorrowers or any Subsidiary, whether requiring the payment of royalties or not.

Licenses; Intellectual Property. The Borrower Each Company owns or has a valid right to use the patents, patent rights, permits, licenses, trade secrets, trademarks, trademark rights, trade names or trade name rights or franchises, copyrights, inventionsrights, and intellectual property rights being used to conduct its business as now operated and as now contemplated to be operatedoperated (a complete list of which rights is attached hereto as Schedule 3.7), the absence of which could reasonably be expected to have a material adverse effect on such Company; and the conduct of the business of the Borrower each Company as now operated and as now proposed to be operated, to the Borrower's knowledge, operated does not and will not conflict with valid patents, patent rights, permits, licenses, trade secrets, trademarks, trademark rights, trade names or trade name rights or franchises, copyrights, inventions, and intellectual property rights of others. No claim is pending or or, to the knowledge of any Company, threatened to the effect that any such intellectual property owned or licensed by the Borrower any Company or which the Borrower any Company otherwise has the right to use, is invalid or unenforceable by the Borrowersuch Company, as the case may be. The Borrower has Except as set forth on Schedule 3.7, the Companies have no obligation to compensate any Person for the use of any such patents or rights, and no Person has been granted any license or other rights to use in any manner any of the patents or rights of the BorrowerCompanies, whether requiring the payment of royalties or not.

Licenses; Intellectual Property. The Borrower Each Company and any Subsidiary owns or has a valid right to use the patents, patent rights, permits, licenses, trade secrets, trademarks, trademark rights, trade names or trade name rights or franchises, copyrights, inventions, and intellectual property rights being used to conduct its business as now operated and as now contemplated to be operatedoperated (a complete list of which rights is attached hereto as Schedule 3.7); and the conduct of the business of the Borrower each Company and Subsidiary as now operated and as now proposed to be operated, to the Borrower's knowledge, operated does not and will not conflict with valid patents, patent rights, permits, licenses, trade secrets, trademarks, trademark rights, trade names or trade name rights or franchises, copyrights, inventions, and intellectual property rights of others. No claim is pending or or, to the best of each Company’s knowledge, threatened to the effect that any such intellectual property owned or licensed by the Borrower any Company or Subsidiary or which the Borrower such Company or Subsidiary otherwise has the right to use, is invalid or unenforceable by the Borrowersuch Company or any Subsidiary, as the case may be. The Borrower Except as set forth on Schedule 3.7, no Company or Subsidiary has no any obligation to compensate any Person for the use of any such patents or rights, and no Person has been granted any license or other rights to use in any manner any of the patents or rights of the Borrowerany Company or Subsidiary, whether requiring the payment of royalties or not.