Common use of Patents, Licenses, Franchises and Formulas Clause in Contracts

Patents, Licenses, Franchises and Formulas. The Borrower and its Subsidiaries own or have valid licenses to use all material patents, trademarks, permits, service marks, trade names, copyrights, licenses, franchises and formulas, or rights with respect to the foregoing, and have obtained assignments of all leases and other rights of whatever nature, reasonably necessary for the present conduct of their business, without any known conflict with the rights of others except for such failures and conflicts which have not had, and could not reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect.

Patents, Licenses, Franchises and Formulas. The Borrower and each of its Subsidiaries own owns, or have valid licenses has the right to use use, all material patents, trademarks, permits, service marks, trade names, copyrights, licenses, franchises and formulas, or rights with respect to the foregoing, and have has obtained assignments of all leases and other rights of whatever nature, reasonably necessary for the present conduct of their its business, without any known conflict with the rights of others others, except for such failures and conflicts which have not had, and could not reasonably be expected to havenot, either individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect.

Patents, Licenses, Franchises and Formulas. The Each of the Borrower and each of its Subsidiaries own owns, or have valid licenses has the right to use use, all material patents, trademarks, permits, service marks, trade names, copyrights, licenses, franchises and formulas, or rights with respect to the foregoing, and have has obtained assignments of all leases and other rights of whatever nature, reasonably necessary for the present conduct of their its business, without any known conflict with the rights of others others, except for such failures and conflicts which have not had, and could not reasonably be expected to havenot, either individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect.

Patents, Licenses, Franchises and Formulas. The Each of the Borrower and its Subsidiaries own owns or have has a valid licenses license to use all material patents, trademarks, permits, service marks, trade names, copyrights, licenses, franchises and formulas, or rights with respect to the foregoing, and have has obtained assignments of all leases and other rights of whatever nature, reasonably necessary for the present conduct of their its business, without any known conflict with the rights of others others, except for such failures and conflicts which to the extent that the failure to so own or have not hada license or right, and could obtain or be without conflict would not reasonably be expected to have, either individually or in the aggregate, have a Material Adverse Effect.

Patents, Licenses, Franchises and Formulas. The Borrower and each of its Subsidiaries own owns or have valid licenses is licensed to use all material patents, trademarks, permits, service marks, trade names, copyrights, licenses, franchises and formulas, or rights with respect to the foregoing, and have has obtained assignments of all material leases and other rights of whatever nature, reasonably necessary for the present conduct of their its business, without any known conflict with the rights of others except for such failures and conflicts which have not which, or the failure to obtain or so own which, as the case may be, has had, and or could not reasonably be expected to have, either individually or in the aggregateresult in, a Material Adverse EffectChange.

Patents, Licenses, Franchises and Formulas. The Each of the Borrower and its Subsidiaries own owns or have has valid licenses to use all material patents, trademarks, permits, service marks, trade names, copyrights, licenses, franchises and formulas, or rights with respect to the foregoing, and have has obtained assignments of all leases and other rights of whatever nature, reasonably necessary for the present conduct of their its business, without any known conflict with the rights of others others, except for such failures and conflicts which have not had, had and could not reasonably be expected to havewould not, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

Patents, Licenses, Franchises and Formulas. The Borrower and each of its Subsidiaries own owns or have valid licenses is licensed to use all material patents, trademarks, permits, service marks, trade names, copyrights, licenses, franchises and formulas, or rights with respect to the foregoing, and have has obtained assignments of all material leases and other rights of whatever nature, reasonably necessary for the present conduct of their its business, without any known conflict with the rights of others except for such failures and conflicts which have not which, or the failure to obtain or so own which, as the case may be, has had, and or could not reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect.

Patents, Licenses, Franchises and Formulas. The Each of the Borrower and its Subsidiaries own owns or have has a valid licenses license to use all material patents, trademarks, permits, service marks, trade names, copyrights, licenses, franchises and formulas, or rights with respect to the foregoing, and have has obtained assignments of all leases and other rights of whatever nature, reasonably necessary for the present conduct of their its business, without any known conflict with the rights of others except for such failures and conflicts which have not hadwhich, and could not or the failure to own or obtain which, as the case may be, would be reasonably be expected likely to have, either individually or result in the aggregate, a Material Adverse Effect.