This excerpt taken from the MOV 8-K filed Jun 9, 2009.
License. For the purpose of enabling the Agent to exercise rights and remedies under this Agreement at such time as the Agent shall be lawfully entitled to exercise such rights and remedies, Agent is hereby granted an irrevocable, non-exclusive license or other right to use, license or sub-license (without payment of royalty or other compensation to any Person) any or all Intellectual Property owned by Borrowers, computer hardware and software, trade secrets, brochures, customer lists, promotional and advertising materials, labels, packaging materials and other Property, in advertising for sale, marketing, selling, collecting, completing manufacture of, or otherwise exercising any rights or remedies with respect to, any Collateral. Each Borrower’s rights and interests under Intellectual Property shall inure to Agent’s benefit. The foregoing license (i) shall be subject to those exclusive Licenses granted by the Borrowers in effect on the date hereof and those granted by any Borrower hereafter, as permitted under the Loan Documents, to the extent conflicting, (ii) may be exercised, at the option of the Agent, only upon the occurrence and during the continuation of an Event of Default, and (iii) apply to the use of the trademarks owned by the Borrowers in connection with goods and services of similar type and quality to those theretofore sold by such Borrowers under such trademarks.