Common use of Valid and Subsisting Clause in Contracts

Valid and Subsisting. (i) The Patents, Trademarks and any trademarks or patents in which any Borrower has been granted rights pursuant to Trademark Licenses or Patent Licenses are subsisting and have not been adjudged invalid or unenforceable, each of the Trademarks, Patents and any trademark or patent in which any Borrower has been granted rights pursuant to Trademark Licenses or Patent Licenses is valid and enforceable, and no claim has been made that the use of any of the Trademarks, Patents or any trademark or patent in which any Borrower has been granted rights pursuant to the Trademark Licenses or Patent Licenses, in either case, which is material to the conduct of such Borrower's business, does or may violate the rights of any third person, (ii) each of the Borrowers has used, to the best of its knowledge, and will continue to use for the duration of this Security Agreement, proper statutory notice in connection with its use of the Trademarks, and (iii) each of the Borrowers has used, to the best of its knowledge, and will continue to use for the duration of this Security Agreement, consistent standards of quality in its manufacture of products sold under the Trademarks and any Trademarks in which such Borrower has been granted rights pursuant to the Trademark Licenses.

Valid and Subsisting. (i) The Patents, Trademarks and any trademarks or patents in which any Borrower Affiliate has been granted rights pursuant to Trademark Licenses or Patent Licenses are subsisting and have not been adjudged invalid or unenforceable, each of the Trademarks, Patents and any trademark or patent in which any Borrower Affiliate has been granted rights pursuant to Trademark Licenses or Patent Licenses is valid and enforceable, and no claim has been made that the use of any of the Trademarks, Patents or any trademark or patent in which any Borrower Affiliate has been granted rights pursuant to the Trademark Licenses or Patent Licenses, in either case, which is material to the conduct of such BorrowerAffiliate's business, does or may violate the rights of any third person, (ii) each of the Borrowers Affiliates has used, to the best of its knowledge, and will continue to use for the duration of this Security Agreement, proper statutory notice in connection with its use of the Trademarks, and (iii) each of the Borrowers Affiliates has used, to the best of its knowledge, and will continue to use for the duration of this Security Agreement, consistent standards of quality in its manufacture of products sold under the Trademarks and any Trademarks in which such Borrower Affiliate has been granted rights pursuant to the Trademark Licenses.