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

Covenants Regarding Patent, Trademark and Copyright Collateral. (a)Each Grantor agrees that it will not take any action or omit to take any action (and will exercise commercially reasonable efforts to prevent its licensees from taking any action or omitting to take any action) whereby any Patent material to the conduct of the business of the Borrower and the Subsidiaries may become invalidated or dedicated to the public (except as a result of expiration of such Patent at the end of its statutory term), and agrees that it shall in its prudent business judgment continue to xxxx any products covered by any such Patent with the relevant patent number as necessary and sufficient to establish and preserve its maximum rights under applicable patent laws.

Appears in 4 contracts

Samples: Credit Agreement (YETI Holdings, Inc.), Credit Agreement (YETI Holdings, Inc.), Credit Agreement (YETI Holdings, Inc.)

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Covenants Regarding Patent, Trademark and Copyright Collateral. (a)Each a) Each Grantor agrees that it will not take any action or omit to take any action (and will exercise commercially reasonable efforts to prevent its licensees from taking any action or omitting to take any action) whereby any Patent material to the conduct of the business of the Borrower and the Subsidiaries may become invalidated or dedicated to the public (except as a result of expiration of such Patent at the end of its statutory term), and agrees that it shall in its prudent business judgment continue to xxxx any products covered by any such Patent with the relevant patent number as necessary and sufficient to establish and preserve its maximum rights under applicable patent laws.

Appears in 2 contracts

Samples: Credit Agreement (Cactus, Inc.), Credit Agreement (Cactus, Inc.)

Covenants Regarding Patent, Trademark and Copyright Collateral. (a)Each a) Each Grantor agrees that it will not take not, do any action act or omit do to take any action act (and will exercise commercially reasonable efforts to prevent its licensees from taking doing any action act or omitting to take do any actionact) whereby any Patent that is material to the conduct of the such Grantor’s business, as determined by such Grantor in its reasonable business of the Borrower and the Subsidiaries judgment, may lapse or become invalidated or dedicated to the public (except as a result of expiration of prior to such Patent at the end of its statutory term)Patent’s natural expiration, and agrees that it shall in its prudent business judgment continue to xxxx any products covered by any such Patent with the relevant patent number as necessary and sufficient to establish and preserve its maximum rights under applicable patent laws.

Appears in 2 contracts

Samples: Guarantee and Collateral Agreement (Mac-Gray Corp), Guarantee and Collateral Agreement (Mac-Gray Corp)

Covenants Regarding Patent, Trademark and Copyright Collateral. (a)Each a) Except as otherwise determined in its reasonable business judgment, each Grantor agrees that it will use commercially reasonable efforts not take to do any action act or omit to take do any action (and will exercise commercially reasonable efforts to prevent its licensees from taking any action or omitting to take any action) act whereby any Patent included in Article 9 Collateral and material to the conduct of the business of Parent, the Borrower and the other Subsidiaries may become invalidated or dedicated to the public (except as a result of expiration of such Patent at the end of its statutory term), and agrees that it shall in its prudent business judgment continue to xxxx any products covered by any such Patent with the relevant patent number as necessary and sufficient to establish and preserve its maximum rights under applicable patent laws.

Appears in 2 contracts

Samples: Agreement (Navistar International Corp), Credit Agreement (Navistar International Corp)

Covenants Regarding Patent, Trademark and Copyright Collateral. (a)Each a) Each Grantor agrees that it will not take do any action act or omit to take do to any action act (and will exercise commercially reasonable efforts to prevent its licensees from taking doing any action act or omitting to take do any actionact) whereby any Patent material to the conduct of the business of the Borrower and the Subsidiaries may become invalidated or dedicated to the public (except as a result of expiration of such Patent at the end of its statutory term), and each Grantor agrees that it shall in its prudent business judgment continue to xxxx any products covered by any such Patent with the relevant patent number as necessary and sufficient to establish and preserve its maximum rights under applicable patent laws, except as consistent with good business judgment as reasonably determined by such Grantor.

Appears in 2 contracts

Samples: Credit Agreement (SVMK Inc.), Credit Agreement (SVMK Inc.)

Covenants Regarding Patent, Trademark and Copyright Collateral. (a)Each a) Each Grantor agrees that it will use commercially reasonable efforts not take to do any action act or omit to take do any action act (and will exercise commercially reasonable efforts to prevent its licensees from taking doing any action act or omitting to take do any actionact) whereby any Patent material to the conduct of the business of the Borrower Company and the Subsidiaries may become invalidated or dedicated to the public (except as a result of expiration of such Patent at the end of its statutory term), and agrees that it shall in its prudent business judgment continue to xxxx any products covered by any such Patent with the relevant patent number as necessary and sufficient to establish and preserve its maximum rights under applicable patent laws.

Appears in 1 contract

Samples: Intercreditor Agreement (Ascena Retail Group, Inc.)

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Covenants Regarding Patent, Trademark and Copyright Collateral. (a)Each a) Except as shall be consistent with commercially reasonable business judgment, each Grantor agrees that it will not take any action or omit to take any action (and will exercise commercially reasonable efforts to prevent its licensees from taking any action or omitting to take any action) whereby any Patent material to the conduct of the business of the Borrower and the Subsidiaries may become invalidated or dedicated to the public (except as a result of expiration of such Patent at the end of its statutory term), and agrees that it shall in its prudent business judgment continue continue, consistent with past practice, to xxxx any products covered by any such Patent with the relevant patent number as necessary and sufficient to establish and preserve its maximum rights under applicable patent laws.

Appears in 1 contract

Samples: Credit Agreement (Chemours Co)

Covenants Regarding Patent, Trademark and Copyright Collateral. (a)Each a) Each Borrower Subsidiary Grantor agrees that it will not take do any action act or omit to take do any action act (and will exercise commercially reasonable efforts to prevent its licensees from taking doing any action act or omitting to take do any actionact) whereby any Patent material to the conduct of the business of the Borrower and the Subsidiaries Subsidiary Grantors, taken as a whole, may become invalidated or dedicated to the public (except as a result of expiration of such Patent at the end of its statutory term), and agrees that it shall in its prudent business judgment continue to xxxx any products covered by any such Patent with the relevant patent number as necessary and sufficient to establish and preserve its maximum rights under applicable patent laws.

Appears in 1 contract

Samples: Pledge and Security Agreement (Ocean Rig UDW Inc.)

Covenants Regarding Patent, Trademark and Copyright Collateral. (a)Each a) Except as otherwise determined in its reasonable business judgment, each Exhibit F to Credit Agreement Grantor agrees that it will use commercially reasonable efforts not take to do any action act or omit to take do any action (and will exercise commercially reasonable efforts to prevent its licensees from taking any action or omitting to take any action) act whereby any Patent included in Article 9 Collateral and material to the conduct of the business of Parent, the Borrower and the other Subsidiaries may become invalidated or dedicated to the public (except as a result of expiration of such Patent at the end of its statutory term), and agrees that it shall in its prudent business judgment continue to xxxx any products covered by any such Patent with the relevant patent number as necessary and sufficient to establish and preserve its maximum rights under applicable patent laws.

Appears in 1 contract

Samples: Credit Agreement (Navistar International Corp)

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