Additional Intangible Assets Sample Clauses

Additional Intangible Assets. On a quarterly basis for each fiscal quarter of the Asset Grantors, and no later than 30 (thirty) calendar days after the end of such fiscal quarter, each Asset Grantor will give written notice to the Trustee (who must transmit a copy of such notice to the Shared Payment and Collateral Agent) and the Shared Payment and Collateral Agent of the acquisition or identification by such Asset Grantor of any Additional Intangible Assets during such quarter. Notwithstanding that under Clause Fifth above all Intangible Assets (including Additional Intangible Assets) are validly transferred hereto upon execution of this Agreement, to the extent any Additional Intangible Assets consist of trademarks and other intellectual property or to the extent the Shared Payment and Collateral Agent notifies the respective Asset Grantor that it is necessary, the respective Asset Grantor, within the 20 (twenty) Business Days after receipt by the Trustee and the Shared Payment and Collateral Agent of the notice mentioned in the preceding paragraph or within the 20 (twenty) Business Days after receipt of such notice from the Shared Payment and Collateral Agent, will perfect the transfer of the Additional Intangible Assets by means of the execution and registration of a supplement to this Agreement as described below or otherwise. The above mentioned supplements will be granted before a notary public by the respective Asset Grantors and the Trustee and must be registered in the respective public registries as set forth in Clause Second (e) above. The Asset Grantors will be liable for the registration of the respective supplement hereto in the applicable public registries as set forth in Clause Second (e) above. The Asset Grantors, as the case may be, must deliver to the Trustee or the Shared Payment and Collateral Agent, prior to the expiration of the 20 (twenty) Business Day term set forth above, such documentation or information relating to the Additional Intangible Assets (including such documentation as is required under laws applicable to such Additional Intangible Assets to perfect the transfer thereof) as the Trustee or the Shared Payment and Collateral Agent may reasonably request.