Common use of Future Rights Clause in Contracts

Future Rights. Except as otherwise expressly agreed to in writing by Secured Party, if and when the Debtor shall obtain rights to any new patentable inventions or any new trademarks, or become entitled to the benefit of any of the foregoing, or obtain rights or benefits with respect to any reissue, division, continuation, renewal, extension or continuation-in-part of any patents or trademarks, or any improvement of any patent, the provisions of Section 2 shall automatically apply thereto and the Debtor shall give to Secured Party prompt notice thereof. Debtor shall do all things deemed necessary or advisable by Secured Party to ensure the validity, perfection, priority and enforceability of the security interests of Secured Party in such future acquired Intellectual Property Collateral; provided, however, that Debtor shall not be required to register any patents or trademarks with the PTO except to the extent consistent with Debtor's past practices. Debtor hereby authorizes Secured Party to modify, amend, or supplement the Schedules hereto and to reexecute this Agreement from time to time on Debtor's behalf and as its attorney-in-fact to include any such future Intellectual Property Collateral and to cause such reexecuted Agreement or such modified, amended or supplemented Schedules to be filed with PTO.

Future Rights. Except as otherwise expressly agreed to in writing by Secured Party, for so long as any of the Secured Obligations shall remain outstanding, or, if earlier, until Secured Party shall have released or terminated, in whole but not in part, its interest in the Patent Collateral, if and when the Debtor shall obtain rights to any new patentable inventions or any new trademarksinventions, or become entitled to the benefit of any of the foregoingPatent, or obtain rights or benefits with respect to any reissue, division, continuation, renewal, extension or continuation-in-part of any patents Patent or trademarks, Patent Collateral or any improvement of thereof (whether pursuant to any patentlicense or otherwise), the provisions of Section 2 shall automatically apply thereto and the Debtor shall give to Secured Party prompt notice thereof. Debtor shall do all things deemed necessary or advisable by Secured Party to ensure the validity, perfection, priority and enforceability of the security interests of Secured Party in such future acquired Intellectual Property Patent Collateral; provided. In accordance with Section 3 hereof, however, that Debtor shall not be required to register any patents or trademarks with the PTO except to the extent consistent with Debtor's past practices. Debtor hereby authorizes Secured Party to modify, amend, amend or supplement the Schedules hereto and to reexecute re- execute this Agreement from time to time on Debtor's behalf and as its attorney-in-fact to include any such future Intellectual Property patents which are or become Patent Collateral and to cause such reexecuted re-executed Agreement or such modified, amended or supplemented Schedules to be filed with the PTO.

Future Rights. Except as otherwise expressly agreed to in writing by the Secured Party, for so long as any of the Obligations shall remain outstanding, or, if earlier, until the Secured Party shall have released or terminated, in whole but not in part, its interest in the Patent Collateral, if and when the Debtor Grantor shall obtain rights to any new patentable inventions or any new trademarksinventions, or become entitled to the benefit of any of the foregoingPatent, or obtain rights or benefits with respect to any reissue, division, continuation, renewal, extension or continuation-in-part of any patents Patent or trademarks, Patent Collateral or any improvement of thereof (whether pursuant to any patentlicense or otherwise), the provisions of Section 2 shall automatically apply thereto and the Debtor Grantor shall give to the Secured Party prompt notice thereof. Debtor The Grantor shall do all things deemed necessary or advisable by Secured Party to ensure the validity, perfection, priority and enforceability of the security interests of Secured Party in such future acquired Intellectual Property Patent Collateral; provided, however, that Debtor shall not be required to register any patents or trademarks with the PTO except to the extent consistent with Debtor's past practices. Debtor The Grantor hereby authorizes the Secured Party to modify, amend, or supplement the Schedules hereto and to reexecute re-execute this Agreement from time to time on DebtorGrantor's behalf and as its attorney-in-fact to include any such future Intellectual Property patents which are or become Patent Collateral and to cause such reexecuted re-executed Agreement or such modified, amended or supplemented Schedules to be filed with the PTO.

Future Rights. Except as otherwise expressly agreed to in writing by Secured Party, for so long as any of the Secured Obligations shall remain outstanding, or, if earlier, until Secured Party shall have released or terminated, in whole but not in part, its interest in the Patent Collateral, if and when the Debtor Debtors shall obtain rights to any new patentable inventions or any new trademarksinventions, or become entitled to the benefit of any of the foregoingPatent, or obtain rights or benefits with respect to any reissue, division, continuation, renewal, extension or continuation-in-part of any patents Patent or trademarks, Patent Collateral or any improvement of thereof (whether pursuant to any patentlicense or otherwise), the provisions of Section 2 shall automatically apply thereto and the Debtor Debtors shall give to Secured Party prompt notice thereof. Debtor Debtors shall do all things deemed necessary or advisable by Secured Party to ensure the validity, perfection, priority and enforceability of the security interests of Secured Party in such future acquired Intellectual Property Patent Collateral; provided, however, that Debtor shall not be required to register any patents or trademarks with the PTO except to the extent consistent with Debtor's past practices. Debtor Debtors hereby authorizes authorize Secured Party to modify, amend, amend or supplement the Schedules hereto and to reexecute re-execute this Agreement from time to time on Debtor's Debtors' behalf and as its attorney-in-fact to include any such future Intellectual Property patents which are or become Patent Collateral and to cause such reexecuted re-executed Agreement or such modified, amended or supplemented Schedules to be filed with the PTO.

Future Rights. Except For so long as otherwise expressly agreed to any of the Obligations shall remain outstanding, or, if earlier, until Secured Party shall have released or terminated, in writing by Secured Partywhole but not in part, its interest in the Trademark Collateral, if and when the any Debtor shall obtain rights to any new patentable inventions or any new trademarksTrademarks, or become entitled to the benefit of any of the foregoing, or obtain rights or benefits with respect to any reissue, division, continuation, renewal, renewal or extension or continuation-in-part of any patents or trademarks, or any improvement of any patentTrademarks, the provisions of Section SECTION 2 shall automatically apply thereto and the applicable Debtor shall give to Secured Party prompt notice thereof. Each Debtor shall do all things reasonably deemed necessary or advisable by Secured Party to ensure the validity, perfection, priority and enforceability of the security interests of Secured Party in such future acquired Intellectual Property Trademark Collateral; provided. If any Debtor refuses to execute and deliver, howeveror fails timely to execute and deliver, that Debtor shall not be required any of the documents it is requested to register any patents or trademarks with the PTO except to the extent consistent with Debtor's past practices. execute and deliver by Secured Party in connection herewith, each Debtor hereby authorizes Secured Party to modify, amend, amend or supplement the Schedules hereto and to reexecute re-execute this Agreement from time to time on such Debtor's behalf and as its attorney-in-fact to include any such future Intellectual Property Trademarks which are or become Trademark Collateral and to cause such reexecuted re-executed Agreement or such modified, amended or supplemented Schedules to be filed with the PTO.