Common use of Future Rights Clause in Contracts

Future Rights. For so long as any of the Secured Obligations shall remain outstanding, or, if earlier, until Lender shall have released or terminated, in whole but not in part, its interest in the Trademark Collateral, if and when Debtor shall obtain rights to any new Trademarks, or any reissue, renewal or extension of any Trademarks, the provisions of SECTION 2 shall automatically apply thereto and Debtor shall give to Lender prompt notice thereof. Debtor shall do all things reasonably deemed necessary by Lender in the exercise of its discretion to ensure the validity, perfection, priority and enforceability of the security interests of Lender in such future acquired Trademark Collateral. If Debtor refuses to execute and deliver, or fails timely to execute and deliver, any of the documents it is requested to execute and deliver by Lender in connection herewith, Debtor hereby authorizes Lender to modify, amend or supplement the Schedules hereto and to re-execute this Agreement from time to time on Debtor's behalf and as its attorney-in-fact to include any future Trademarks which are or become Trademark Collateral and to cause such re-executed Agreement or such modified, amended or supplemented Schedules to be filed with the PTO.

Future Rights. For so long as any of the Secured Obligations shall remain outstanding, or, if earlier, until Lender Agent shall have released or terminated, in whole but not in part, its interest in the Trademark Collateral, if and when Debtor shall obtain rights to any new Trademarks, or any reissue, renewal or extension of any Trademarks, the provisions of SECTION Section 2 shall automatically apply thereto and Debtor shall give to Lender Agent prompt notice thereof, within 20 days after obtaining such rights, reissuance, renewal, or extension. Debtor shall do all things reasonably deemed necessary by Lender Agent in the exercise of its discretion to ensure the validity, perfection, priority and enforceability of the security interests of Lender Agent in such future acquired Trademark Collateral. If Debtor refuses to execute and deliver, or fails timely to execute and deliver, any of the documents it is requested to execute and deliver by Lender Agent in connection herewith, Debtor hereby authorizes Lender Agent to modify, amend or supplement the Schedules hereto and to re-execute this Agreement from time to time on Debtor's behalf and as its attorney-in-fact to include any future Trademarks which are or become Trademark Collateral and to cause such re-executed Agreement or such modified, amended or supplemented Schedules to be filed with the PTO.

Future Rights. For so long as any of the Secured Obligations shall remain outstandingoutstanding or the Defeasance thereof shall not have been consummated, or, if earlier, until Lender Collateral Agent shall have released or terminated, in whole but not in part, its interest in the Trademark Collateral, if and when Debtor shall obtain rights to any new Trademarks, or any reissue, renewal or extension of any Trademarks, the provisions of SECTION 2 shall automatically apply thereto and Debtor shall give to Lender Collateral Agent prompt notice thereof. Debtor shall do all things reasonably deemed necessary by Lender in the exercise of its discretion Collateral Agent to ensure the validity, perfection, priority and enforceability of the security interests of Lender Collateral Agent in such future acquired Trademark Collateral. If Debtor refuses to execute and deliver, or fails timely to execute and deliver, any of the documents it is requested to execute and deliver by Lender Collateral Agent in connection herewith, Debtor hereby authorizes Lender Collateral Agent to modify, amend or supplement the Schedules hereto and to re-execute this Agreement from time to time on Debtor's behalf and as its attorney-in-fact to include any future Trademarks which are or become Trademark Collateral and to cause such re-executed Agreement or such modified, amended or supplemented Schedules to be filed with the PTO.

Future Rights. For so long as any of the Secured Obligations shall remain outstanding, or, if earlier, until Lender shall have released or terminated, in whole but not in part, its interest in the Trademark Collateral, if and when Debtor Borrower shall obtain rights to any new Trademarks, or any reissue, renewal or extension of any Trademarks, the provisions of SECTION 2 shall automatically apply thereto and Debtor Borrower shall give to Lender prompt notice thereof. Debtor Borrower shall do all things reasonably deemed necessary or advisable by Lender in the exercise of its discretion to ensure the validity, perfection, priority and enforceability of the security interests of Lender in such future acquired Trademark Collateral. If Debtor Borrower refuses to execute and deliver, or fails timely to execute and deliver, any of the documents it is requested to execute and deliver by Lender in connection herewith, Debtor Borrower hereby authorizes Lender to modify, amend or supplement the Schedules hereto and to re-execute this Agreement from time to time on DebtorBorrower's behalf and as its attorney-in-fact to include any future Trademarks which are or become Trademark Collateral and to cause such re-executed Agreement or such modified, amended or supplemented Schedules to be filed with the PTO.

Future Rights. For so long as any of the Secured Obligations shall remain outstanding, or, if earlier, until Lender Collateral Agent shall have released or terminated, in whole but not in part, its interest in the Trademark Collateral, if and when Debtor shall obtain rights to any new Trademarks, or any reissue, renewal or extension of any Trademarks, the provisions of SECTION Section 2 shall automatically apply thereto and and, if such new Trademarks would have been required to be listed on Schedule A as of the date of formation of this Agreement, Debtor shall give to Lender Collateral Agent prompt notice thereof. Debtor shall do all things reasonably deemed necessary by Lender Collateral Agent in the exercise of its reasonable discretion to ensure the validity, perfection, priority and enforceability of the security interests of Lender Collateral Agent in such future acquired Trademark Collateral. If Debtor refuses to execute and deliver, or fails timely to execute and deliver, any of the documents it is reasonably requested to execute and deliver by Lender Collateral Agent in connection herewith, Debtor hereby authorizes Lender Collateral Agent to modify, amend or supplement the Schedules hereto and to re-execute this Agreement from time to time on Debtor's ’s behalf and as its attorney-in-fact to include any future Trademarks which are or become Trademark Collateral and to cause such re-executed Agreement or such modified, amended or supplemented Schedules to be filed with the PTO.

Future Rights. For so long as any of the Secured Obligations shall remain outstandingoutstanding or the Defeasance thereof shall not have been consummated, or, if earlier, until Lender the Trustee shall have released or terminated, in whole but not in part, its interest in the Trademark CollateralCollateral of any Debtor, if and when such Debtor shall obtain rights to any new Trademarks, or any reissue, renewal or extension of any Trademarks, the provisions of SECTION Section 2 shall automatically apply thereto and such Debtor shall give to Lender the Trustee prompt notice thereof. Such Debtor shall do all things reasonably deemed necessary by Lender in the exercise of its discretion Trustee to ensure the validity, perfection, priority and enforceability of the security interests of Lender the Trustee in such future acquired Trademark Collateral. If such Debtor refuses to execute and deliver, or fails timely to execute and deliver, any of the documents it is requested required to execute and deliver by Lender the Trustee in connection herewith, such Debtor hereby authorizes Lender the Trustee (but the Trustee shall not be obligated) to modify, amend or supplement the Schedules Schedule attached hereto which lists the name of, and relates to, such Debtor and to re-execute this Agreement from time to time on such Debtor's behalf and as its attorney-in-fact to include any future Trademarks which are or become Trademark Collateral of such Debtor and to cause such re-executed Agreement or such modified, amended or supplemented Schedules Schedule to be filed with the PTO.