Example ContractsClausessubrogation of rights vis a vis third party contractorsVariants
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“Licensor/Agent Agreement” shall mean an agreement between Agent and a Licensor, in form and substance satisfactory to Agent, by which Agent is given the unqualified right, vis-à-vis such Licensor, to enforce Agent’s Liens with respect to and to dispose of any Borrower’s Inventory with the benefit of any Intellectual Property applicable thereto, irrespective of such Borrower’s default under any License Agreement with such Licensor.

“Licensor/Agent Agreement” shall mean an agreement between Agent and a Licensor, in form and substancecontent satisfactory to Agent,Agent and such Licensor, by which Agent is given the unqualified right, vis-à-a-vis such Licensor, to enforce Agent’s Liens with respect to and to dispose of any Borrower’s Inventory with the benefit of any Intellectual Property applicable thereto, irrespective of such Borrower’s default under any License Agreement with such Licensor.

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