definiens: lnhale and their .r¢speCtive Affiliates . 1.14 . shall mean aclailll ina pendin$ _ p ~ t¢nt.applicationQr . an unexpired, issued cl(li1l1 contained witbin a patent which issuedthereftopt atld has not b ~ n f ~ nu~4 500IS495v3 -3 - unpatentable~ i, nvalid or unenforc*le ' by a court or other a ~ thorityin the $ Ubject C < ltlntrytrorn which depi$iQll a, n appeal is : t ~ ken or can be taken, AlltlCLE2 REPRES!NIATIQNSAND WAJtRANTlES Each party her ~ by represents anc : Jwarrants to the other party as .follows : 2.1 Qqr.porate Existenc@. Such party is a cQrporation duly organized . validly e ~ i$ting and in gol)(i standing underthelaws of the state in which it is incorporated~ 2.2 Atltlioriza, tiQq and .,Enforcement of Qhlig ~ tiQns . Such party ( alhasthe.corpotate ' power and amhQrityand thele.ga, lrigh~ tQentet Intothis Agreement and toperfonn .it$ otHigatioO$her~~dert and ( b ) has, takenall necessarycofpClrateactjon on it, s part t08\1thorize the _ ~on andddiveqrQftm~ ~~mtmtandthe pertQrmanceofitsobligations ? ereuruter . This Agreement hasb~.n duly executed and de1i~~d on be ~ lf'of slichiPtttt¥,,~d CQ, l1st;tutesa lega~ valid, binding QJ > ligation, enfot ~ ableagainstsu¢h party in accordanoewith its terms, > 2.3 .N9Contlict, T~ ~~cutiQll'lldd ~ lh'eJ:'Y0tthis A ~ eementandthepert()rmance ofsucb partts oblilJltionsbereundet ( a ) do OQt«lnflia with or Vi9f ~ te iUlY reqqj~~e ~ t of appUcahle laws or.regulatio~.and ( b ) do not con8i~.with . · or constitUte a .. · default u ~ der •. MY contractual obligation . of ~t~ ARTICLE 3 LICENSE GRAND ;, A.S;SIGNABLj, lMPR.QYEMBNIS 3 .1 Llcens¥. p ~ tentmlbtt, " Alliance . bereby grants u,: ... Inhale .. an . laevoeabte