Common use of Licensed Property Clause in Contracts

Licensed Property. Following removal of a Seller as Servicer pursuant to Section 6.2(b)(vii) or Section 7.2, to the extent that the Seller Representative or any Seller does not own the computer software that such Seller uses to account for Purchased Receivables, for so long as this Agreement shall be in effect and the Collection Date with respect to all Purchased Receivables has not yet occurred, it shall use reasonable efforts to provide ▇▇▇▇▇ Fargo with such non-exclusive licenses, sublicenses and/or assignments of contracts as ▇▇▇▇▇ Fargo shall require with regard to all services and computer hardware or software used by the Seller Representative or such Seller that relate to the servicing of the Receivables.

Appears in 3 contracts

Sources: Receivables Purchase Agreement, Receivables Purchase Agreement (SMART Global Holdings, Inc.), Receivables Purchase Agreement (SMART Global Holdings, Inc.)