Common use of Trademarks and Patents Clause in Contracts

Trademarks and Patents. If Company or any of its Subsidiaries acquires any material patents, trademarks or copyrights, Company shall promptly notify the Collateral Agent of that fact and, if requested by Administrative Agent, Company shall, or cause the applicable Subsidiary to, execute and deliver to Collateral Agent supplemental security agreements and take such other actions as the Collateral Agent may reasonably request to create in favor of Collateral Agent, for the benefit of Secured Parties, a valid and perfected First Priority Lien on such patents, trademarks or copyrights.

Appears in 1 contract

Samples: Revolving Loan Credit Agreement (Amscan Holdings Inc)

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Trademarks and Patents. If Company or any of its Subsidiaries acquires any material patents, trademarks or copyrights, Company shall promptly notify the Collateral Agent of that fact and, if requested by Administrative Agent, Company shall, or cause the applicable Subsidiary to, execute and deliver to Collateral Agent supplemental security agreements and take such other actions as the Collateral Agent may reasonably request to create in favor of Collateral Agent, for the benefit of Secured Parties, Parties a valid and perfected First Priority Lien on such patents, trademarks or copyrights.

Appears in 1 contract

Samples: Axel Credit Agreement (Amscan Holdings Inc)

Trademarks and Patents. If Company or any of its Subsidiaries acquires any material patents, trademarks or copyrights, Company shall promptly notify the Collateral Agent of that fact and, if requested by Administrative Agent, Company shall, or cause the applicable Subsidiary to, execute and deliver to Collateral Agent supplemental security agreements and take such other actions REVOLVING LOAN CREDIT AGREEMENT EXECUTION 112 120 as the Collateral Agent may reasonably request to create in favor of Collateral Agent, for the benefit of Secured Parties, a valid and perfected First Priority Lien on such patents, trademarks or copyrights.

Appears in 1 contract

Samples: Credit Agreement (JCS Realty Corp)

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Trademarks and Patents. If Company or any of its Subsidiaries acquires any material patents, trademarks or copyrights, Company shall promptly notify the Collateral Agent of that fact and, if requested by Administrative Agent, Company shall, or cause the applicable Subsidiary to, execute and deliver to Collateral Agent supplemental security agreements and take such other actions AXEL CREDIT AGREEMENT EXECUTION 93 100 as the Collateral Agent may reasonably request to create in favor of Collateral Agent, for the benefit of Secured Parties, Parties a valid and perfected First Priority Lien on such patents, trademarks or copyrights.

Appears in 1 contract

Samples: Axel Credit Agreement (JCS Realty Corp)

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