Common use of Covenants Regarding Patent, Trademark and Copyright Collateral Clause in Contracts

Covenants Regarding Patent, Trademark and Copyright Collateral. (a) Except as permitted under the Indenture, each Grantor agrees that it will not knowingly do any act or omit to do any act (and will exercise commercially reasonable efforts to prevent its licensees or sublicensees from doing any act or omitting to do any act) whereby any Patent that is material to the normal conduct of such Grantor’s business may become prematurely invalidated, abandoned, lapsed or dedicated to the public, and agrees that it shall take commercially reasonable steps with respect to any material products covered by any such Patent as necessary and sufficient to establish and preserve such Grantor’s rights under applicable patent laws.

Appears in 5 contracts

Samples: Collateral Agreement (Domus Holdings Corp), Collateral Agreement (Realogy Holdings Corp.), Junior Priority (Domus Holdings Corp)

AutoNDA by SimpleDocs

Covenants Regarding Patent, Trademark and Copyright Collateral. (a) Except as permitted under the Indenture, each Each Grantor agrees that it will not knowingly do any act or omit to do any act (and will exercise commercially reasonable efforts to prevent its licensees or sublicensees from doing any act or omitting to do any act) whereby any Patent may become invalidated or dedicated to the public, except where failure to comply with the foregoing could not reasonably be expected to have a Material Adverse Effect, and agrees that it shall continue to xxxx any products covered by a Patent that is material to the normal conduct of such Grantor’s business may become prematurely invalidated, abandoned, lapsed or dedicated to with the public, and agrees that it shall take commercially reasonable steps with respect to any material products covered by any such Patent relevant patent number as necessary and sufficient to establish and preserve such Grantor’s its maximum rights under applicable patent lawslaws except where the failure to comply with the foregoing could not reasonably be expected to have a Material Adverse Effect.

Appears in 3 contracts

Samples: Credit Agreement (Smurfit Stone Container Corp), Credit Agreement (SMURFIT-STONE CONTAINER Corp), Credit Agreement (Smurfit Stone Container Corp)

Covenants Regarding Patent, Trademark and Copyright Collateral. In each case unless otherwise decided by such Grantor in its reasonable business judgment or such Collateral is not material to the business of such Grantor: (a) Except as permitted under the Indenture, each Each Grantor agrees that it will not, and will not knowingly permit any of its licensees to, do any act act, or omit to do any act (and will exercise commercially reasonable efforts to prevent its licensees or sublicensees from doing any act or omitting to do any act) , whereby any Patent that is material to the normal conduct of such Grantor’s business may become prematurely invalidated, abandoned, lapsed invalidated or dedicated to the public, and agrees that it shall take commercially reasonable steps with respect continue to xxxx any material products covered by any such a Patent as with the relevant patent number to the extent necessary and sufficient to establish and preserve such Grantor’s its maximum rights under applicable patent laws, to the extent required by applicable law.

Appears in 3 contracts

Samples: Guarantee and Collateral Agreement (Community Health Systems Inc), Guarantee and Collateral Agreement (Community Health Systems Inc), Guarantee and Collateral Agreement (Community Health Systems Inc)

Covenants Regarding Patent, Trademark and Copyright Collateral. (a) Except as permitted under the Indenture, each Each Grantor agrees that it will not knowingly do any act or omit to do any act (and will exercise commercially reasonable efforts to prevent its licensees or sublicensees from doing any act or omitting to do any act) whereby any Patent that is material to the normal conduct of such Grantor’s business may would become prematurely invalidated, abandoned, lapsed invalidated or dedicated to the publicpublic unless such invalidation or dedication to the public would reasonably be expected to have, and individually or in the aggregate, a Material Adverse Effect. Each Grantor further agrees that it shall take commercially reasonable steps with respect continue to xxxx any material products covered by any such a Patent with the relevant patent number as necessary and sufficient in its reasonable judgment to establish and preserve such Grantor’s its material rights under applicable patent laws.

Appears in 2 contracts

Samples: Second Lien Guaranty and Collateral Agreement (HUGHES Telematics, Inc.), Guaranty and Collateral Agreement (HUGHES Telematics, Inc.)

Covenants Regarding Patent, Trademark and Copyright Collateral. (a) Except as permitted under the Indenture, each Each Grantor agrees that that, except as otherwise deemed necessary or advisable by such Grantor in the exercise of its reasonable business judgment, it will not knowingly do any act or knowingly omit to do any act (and will exercise commercially reasonable efforts to prevent its licensees or sublicensees from doing any act or as omitting to do any act) whereby any Patent owned by such Grantor that is material to the normal conduct of such Grantor’s business may is reasonably expected to become prematurely invalidated, abandonedforefeited, lapsed unenforceable or dedicated to the public, and agrees that it shall take commercially reasonable steps with respect to any material products covered by any such Patent as necessary and sufficient to establish and preserve such Grantor’s its rights under applicable patent laws.

Appears in 2 contracts

Samples: Guarantee and Collateral Agreement (Hawaiian Telcom Holdco, Inc.), Guarantee and Collateral Agreement (Hawaiian Telcom Holdco, Inc.)

Covenants Regarding Patent, Trademark and Copyright Collateral. (a) Except as permitted under the IndentureTerm Loan Agreement, each Grantor agrees that it will not knowingly do any act or omit to do any act (and will exercise commercially reasonable efforts to prevent its licensees or sublicensees from doing any act or omitting to do any act) whereby any Patent that is material to the normal ordinary conduct of such Grantor’s business may become prematurely invalidated, abandoned, lapsed or dedicated to the public, and agrees that it shall take commercially reasonable steps with respect to any material products covered by any such Patent as necessary and sufficient to establish and preserve such Grantor’s rights under applicable patent laws.

Appears in 2 contracts

Samples: Guarantee and Collateral Agreement (Realogy Group LLC), Guarantee and Collateral Agreement (Realogy Group LLC)

Covenants Regarding Patent, Trademark and Copyright Collateral. In each case unless otherwise decided by such Grantor in its reasonable business judgment or except as to such Collateral that is not material to the business of such Grantor: (a) Except as permitted under the Indenture, each Each Grantor agrees that it will not, and will not knowingly permit any of its licensees to, do any act act, or omit to do any act (and will exercise commercially reasonable efforts to prevent its licensees or sublicensees from doing any act or omitting to do any act) , whereby any Patent that is material to the normal conduct of such Grantor’s business may become prematurely invalidated, abandoned, lapsed invalidated or dedicated to the public, and agrees that it shall take commercially reasonable steps with respect continue to xxxx any material products covered by any such a Patent as with the relevant patent number to the extent necessary and sufficient to establish and preserve such Grantor’s its maximum rights under applicable patent laws, to the extent required by applicable law.

Appears in 2 contracts

Samples: Credit Agreement (Quorum Health Corp), Abl Intercreditor Agreement (Quorum Health Corp)

Covenants Regarding Patent, Trademark and Copyright Collateral. (a) Except as permitted under the Indenture, each Each Grantor agrees that it will not knowingly do any act or omit to do to any act (and will exercise commercially reasonable efforts to prevent its licensees or sublicensees from doing any act or omitting to do any act) whereby any United States Patent that is owned by such Grantor material to the normal conduct of such any Grantor’s business may become prematurely invalidated, abandoned, lapsed invalidated or dedicated to the publicpublic (except as a result of expiration of such Patent at the end of its statutory term), and each Grantor agrees that it it, as determined by such Grantor in its reasonable business judgment, shall take commercially reasonable steps with respect continue to xxxx any material products covered by any such Patent with the relevant patent number as necessary and sufficient to establish and preserve such Grantor’s its maximum rights under applicable patent laws.

Appears in 2 contracts

Samples: Collateral Agreement (Allegion PLC), Guarantee and Collateral Agreement (Allegion PLC)

Covenants Regarding Patent, Trademark and Copyright Collateral. (a) Except as otherwise permitted under Section 9.04 or Section 10.02 of the IndentureCredit Agreement, each Grantor agrees that it will not knowingly do any act or omit to do any act (and will exercise commercially reasonable efforts to prevent its licensees or sublicensees from doing any act or omitting to do any act) whereby any issued Patent that is material to the normal conduct of such Grantor’s business may or application therefor which constitutes Collateral would become prematurely invalidated, abandoned, lapsed invalidated or dedicated to the publicpublic (to the extent, where Grantor is a licensee of such Patent, Grantor has the rights to do so), and agrees that it shall take commercially reasonable steps with respect continue to xxxx any material products covered by any such an issued Patent with the relevant patent number as necessary and sufficient in its reasonable judgment to establish and preserve such Grantor’s its material rights under applicable patent laws.

Appears in 1 contract

Samples: Pledge Agreement (Affinity Gaming, LLC)

Covenants Regarding Patent, Trademark and Copyright Collateral. (a) Except as permitted under the Indenture, each Each Grantor agrees that that, except as otherwise deemed necessary or advisable by such Grantor in the exercise of its reasonable business judgment, it will not knowingly do any act or knowingly omit to do any act (and will exercise commercially reasonable efforts to prevent its licensees or sublicensees from doing any act or as omitting to do any act) whereby any Patent owned by such Grantor that is material to the normal conduct of such Grantor’s 's business may is reasonably expected to become prematurely invalidated, abandonedforefeited, lapsed unenforceable or dedicated to the public, and agrees that it shall take commercially reasonable steps with respect to any material products covered by any such Patent as necessary and sufficient to establish and preserve such Grantor’s its rights under applicable patent laws.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Hawaiian Telcom Holdco, Inc.)

Covenants Regarding Patent, Trademark and Copyright Collateral. (a) Except as permitted under the Indenture, each Each Grantor agrees that it will not knowingly do any act or omit to do any act (and will exercise commercially reasonable efforts to prevent its licensees or sublicensees from doing any act or omitting to do any act) (i) whereby any Patent Intellectual Property that is material to the normal conduct of such Grantor’s business may become invalidated or prematurely invalidated, abandoned, lapsed or dedicated to the public, public and (ii) that violates any third party’s rights in respect of any Intellectual Property in any material respect and agrees that it shall take commercially reasonable steps with respect to any material products covered by any Patent material to the normal conduct of such Patent as Grantor’s business to xxxx such products with the relevant patent number to the extent it determines necessary and sufficient to establish and preserve such Grantor’s its rights under applicable patent laws.

Appears in 1 contract

Samples: Loan Agreement (Supermedia Inc.)

AutoNDA by SimpleDocs

Covenants Regarding Patent, Trademark and Copyright Collateral. (a) Except as permitted under the IndentureCredit Agreement, each Grantor agrees that it will not knowingly do any act or omit to do any act (and will exercise commercially reasonable efforts to prevent its licensees or sublicensees from doing any act or omitting to do any act) whereby any Patent that is material to the normal ordinary conduct of such Grantor’s business may become prematurely invalidated, abandoned, lapsed or dedicated to the public, and agrees that it shall take commercially reasonable steps with respect to any material products covered by any such Patent as necessary and sufficient to establish and preserve such Grantor’s rights under applicable patent laws.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Realogy Holdings Corp.)

Covenants Regarding Patent, Trademark and Copyright Collateral. (a) Except as permitted under the Indenture, each Each Grantor agrees that it will not knowingly do any act or knowingly omit to do any act (and will take steps it deems appropriate in the exercise commercially of its reasonable efforts business discretion to prevent its licensees or sublicensees from doing any act or omitting to do any act) whereby any Patent that is material to the normal conduct of such Grantor’s business may become prematurely invalidated, abandoned, lapsed invalidated or dedicated to the public, and agrees that it shall take commercially reasonable steps with respect continue to xxxx any material products covered by any a Patent that is material to the conduct of such Patent Grantor’s business with the relevant patent number as necessary and sufficient to establish and preserve such Grantor’s its maximum rights under applicable patent laws.

Appears in 1 contract

Samples: Collateral Agreement (Blockbuster Inc)

Covenants Regarding Patent, Trademark and Copyright Collateral. (ai) Except as permitted under the Indenture, each Each Grantor agrees that it will not knowingly not, nor will it permit any of its licensees to, do any act act, or omit to do any act (and will exercise commercially reasonable efforts to prevent its licensees or sublicensees from doing any act or omitting to do any act) , whereby any Patent that patent owned by such Grantor which is material to the normal conduct of such Grantor’s business may become prematurely invalidatedlapse prior to the end of its statutory term, abandoned, lapsed and to use its commercially reasonable efforts to avoid any such patent from becoming invalidated or dedicated to the public, and agrees that it shall take commercially reasonable steps with respect continue to xxxx any material products covered by any a patent owned by such Patent Grantor with the relevant patent number as may be reasonably necessary and sufficient to establish and preserve such Grantor’s its rights under applicable patent laws.

Appears in 1 contract

Samples: Pledge and Security Agreement (NetSpend Holdings, Inc.)

Covenants Regarding Patent, Trademark and Copyright Collateral. (a) Except as permitted under the Indenture, each Each Grantor agrees that it will not knowingly do any act or omit to do any act (and will exercise commercially reasonable efforts to prevent its licensees or sublicensees from doing any act or omitting to do any act) whereby it is reasonably foreseeable any Patent owned or exclusively licensed by such Grantor that is material to the normal conduct of such Grantor’s business may and included in the Article 9 Collateral would become prematurely invalidated, abandoned, lapsed invalidated or dedicated to the public, (except at the end of its statutory term) and agrees that it shall take commercially reasonable steps with respect continue to xxxx any material products covered by any a Patent owned or exclusively licensed by such Patent Grantor with the relevant patent number as necessary and sufficient in its reasonable business judgment to establish and preserve such Grantor’s its material rights under applicable patent laws.

Appears in 1 contract

Samples: Guaranty and Collateral Agreement (Radiation Therapy Services Holdings, Inc.)

Covenants Regarding Patent, Trademark and Copyright Collateral. (a) Except as permitted under the Indenture, each Each Grantor agrees that it will not knowingly do any act or omit to do any act (and will exercise commercially reasonable efforts to prevent its licensees or sublicensees from doing any act or omitting to do any act) whereby it is reasonably foreseeable any Patent that is material to the normal conduct of such Grantor’s business may would become prematurely invalidated, abandoned, lapsed invalidated or dedicated to the public, (except at the end of its statutory term) and agrees that it shall take commercially reasonable steps with respect continue to xxxx any material products covered by any such a Patent with the relevant patent number as necessary and sufficient in its reasonable business judgment to establish and preserve such Grantor’s its material rights under applicable patent laws.

Appears in 1 contract

Samples: Collateral Agreement (Local Insight Yellow Pages, Inc.)

Covenants Regarding Patent, Trademark and Copyright Collateral. In each case unless otherwise decided by such Grantor in its reasonable business judgment or such Collateral is not material to the business of such Grantor: (a) Except as permitted under the Indenture, each Each Grantor agrees that it will not, and will not knowingly permit any of its licensees to, do any act act, or omit to do any act (and will exercise commercially reasonable efforts to prevent its licensees or sublicensees from doing any act or omitting to do any act) , whereby any Patent that is material to the normal conduct of such Grantor’s business may become prematurely invalidated, abandoned, lapsed invalidated or dedicated to the public, and agrees that it shall take commercially reasonable steps with respect continue to mxxx any material products covered by any such a Patent as with the relevant patent number to the extent necessary and sufficient to establish and preserve such Grantor’s its maximum rights under applicable patent laws, to the extent required by applicable law.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Community Health Systems Inc)

Covenants Regarding Patent, Trademark and Copyright Collateral. (ai) Except as permitted under the Indenture, each Each Grantor agrees that it will not knowingly not, nor will it permit any of its licensees to, do any act act, or omit to do any act (and will exercise commercially reasonable efforts to prevent its licensees or sublicensees from doing any act or omitting to do any act) , whereby any Patent that patent owned by such Grantor which is material to the normal conduct of such Grantor’s business may become prematurely invalidatedlapse prior to the end of its statutory term, abandoned, lapsed and will use its commercially reasonable efforts to avoid any such patent from becoming invalidated or dedicated to the public, and agrees that it shall take commercially reasonable steps with respect continue to mxxx any material products covered by any a patent owned by such Patent Grantor with the relevant patent notice or patent number as may be reasonably necessary and sufficient to establish and preserve such Grantor’s its rights under applicable patent laws.

Appears in 1 contract

Samples: Patent Security Agreement (RLJ Entertainment, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.