Common use of Grant of License to Licensee Clause in Contracts

Grant of License to Licensee. Subject to the terms and conditions of this Agreement, Penn hereby grants to Licensee and its Affiliates (the “License”): 3.1.1 an exclusive (even as to Penn but subject to Section 3.2), worldwide, royalty-bearing right and license (with the right to sublicense (through multiple tiers) as provided in, and subject to, the provisions of Section 3.4) under Penn’s interest in the Penn Patent Rights which are necessary or useful, to research, develop, make, have made, use, sell, offer for sale, commercialize and import Products in the Field in the Territory for the Licensed Indications during the Term; 3.1.2 a non-exclusive, worldwide, royalty-bearing right and license (with the right to sublicense (through multiple tiers) as provided in, and subject to, the provisions of Section 3.4) under Penn Know-How and Penn Materials to the extent necessary or useful to research, develop, make, have made, use, sell, offer for sale, commercialize and import Products in the Field in the Territory for the Licensed Indications during the Term; and 3.1.3 an exclusive (even as to Penn but subject to Section 3.2), worldwide right and license (without the right to sublicense) under Penn’s interest in the Penn Patent Rights and a non-exclusive, worldwide right and license (without the right to sublicense) under Penn Know-How and Penn Materials, in each case which are necessary or useful, to research and develop Products in the Field in the Territory for the Research Indications during the Research Term.