Common use of Grant of Security Interest in Copyrights Clause in Contracts

Grant of Security Interest in Copyrights. Subject to the terms of the ABL Credit Agreement and the ABL Guarantee and Collateral Agreement, each Grantor hereby grants, subject to the existing licenses to use the Copyrights granted by such Grantor in the ordinary course of its business, to the Collateral Agent, for the ratable benefit of the Secured Parties (subject to the priority of the Euro MTN Lien to the extent provided by the Euro MTN Fiscal Agency Agreement), a security interest in all of the Copyrights of such Grantor, including, without limitation, the Copyrights listed on Schedule A hereto, as collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of the Obligations of such Grantor.

Grant of Security Interest in Copyrights. Subject to the terms of the ABL Term Credit Agreement and the ABL Term Guarantee and Collateral Agreement, each Grantor hereby grants, subject to the existing licenses to use the Copyrights granted by such Grantor in the ordinary course of its business, to the Collateral Agent, for the ratable benefit of the Secured Parties (subject to the priority of the Euro MTN Lien to the extent provided by the Euro MTN Fiscal Agency Agreement), a security interest in all of the Copyrights of such Grantor, including, without limitation, the Copyrights listed on Schedule A hereto, as collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of the Obligations of such Grantor.