Common use of No Royalties Clause in Contracts

No Royalties. Except with respect to Standard End User Licenses and User Content Licenses and as set forth on Schedule 3.11(j) and the Acacia patent license agreement set forth on Schedule 3.11(j), the Company and its Subsidiaries to the Company’s Knowledge are not required, obligated, or under any liability whatsoever, to make any material payments by way of royalties, fees or otherwise to any owner, licensor of, or other claimant to any IP Assets, or other Person, with respect to the use thereof or in connection with the conduct of the business of the Company and its Subsidiaries, including the Business, in the manner in which it is currently being conducted and was conducted within the twelve (12) months prior to the date of this Agreement and is planned to be conducted by the Company or any of its Subsidiaries.