Common use of Transfer of Intellectual Property Rights Clause in Contracts

Transfer of Intellectual Property Rights. Except in connection with ---------------------------------------- the sale of all or substantially all of the assets of the Company, prior to the 180th day after the Effective Date, the Company shall not sell or otherwise dispose of any Intellectual Property Rights or allow any of the Intellectual Property Rights to become subject to any Liens, or fail to renew such Intellectual Property Rights (if renewable and it would otherwise lapse if not renewed), without the prior written consent of the Purchaser. Notwithstanding the foregoing, the Company may license the right to promote and use its Intellectual Property Rights to Strategic Partners in the ordinary course of its business without the prior consent of the Purchaser.

Transfer of Intellectual Property Rights. Except in connection with ---------------------------------------- the sale of all or substantially all of the assets of the Company, prior to the 180th day after the Effective Second Vesting Date, the Company shall not sell or otherwise dispose of any Intellectual Property Rights or allow any of the Intellectual Property Rights to become subject to any Liens, or fail to renew such Intellectual Property Rights (if renewable and it would otherwise lapse if not renewed), without the prior written consent of the PurchaserPurchasers. Notwithstanding the foregoing, the Company may license the right to promote and use its Intellectual Property Rights to Strategic Partners in the ordinary course of its business without the prior consent of the PurchaserPurchasers.

Transfer of Intellectual Property Rights. Except in connection with ---------------------------------------- the sale of all or substantially all of the assets of the Company, prior to the 180th day after the Effective Date, Date the Company shall not sell or otherwise dispose of any Intellectual Property Rights or allow any of the Intellectual Property Rights to become subject to any Liens, or fail to renew such Intellectual Property Rights (if renewable and it would otherwise lapse if not renewed), without the prior written consent of the PurchaserPurchasers. Notwithstanding the foregoing, the Company may license the right to promote and use its Intellectual Property Rights to Strategic Partners in the ordinary course of its business without the prior consent of the PurchaserPurchasers.

Transfer of Intellectual Property Rights. Except in connection with ---------------------------------------- the sale of all or substantially all of the assets of the Company, prior to the 180th day after Second Vesting Date (as defined in the Effective Date, Adjustable Warrants) the Company shall not sell or otherwise dispose of any Intellectual Property Rights or allow any of the Intellectual Property Rights to become subject to any Liens, or fail to renew such Intellectual Property Rights (if renewable and it would otherwise lapse if not renewed), without the prior written consent of the PurchaserPurchasers. Notwithstanding the foregoing, the Company may license the right to promote and use its Intellectual Property Rights to Strategic Partners in the ordinary course of its business without the prior consent of the PurchaserPurchasers.