Except as could not reasonably be expected to result in a Material Adverse Effect, (i) each Borrower and its Restricted Subsidiaries owns, or is licensed to use, all trademarks, trade names, service names, domain names, copyrights, patents and other intellectual property rights to its knowledge is reasonably necessary for its business as presently conducted and (ii) to the knowledge of any Loan Party, the use of any such intellectual property by such Person does not infringe upon the rights of any other Person and the intellectual property owned by any Loan Party is not being infringed by any other Person.