Future Rights. (a) If, before the time that all Obligations shall have been paid in full, no Letters of Credit are outstanding and the Secured Parties no longer have Commitments under the Credit Agreement, any Grantor shall obtain rights to any material asset or item that may be considered Collateral, the provisions of Section 2.01 shall automatically apply thereto and each Grantor shall give to the Collateral Agent prompt notice thereof in writing.
Appears in 3 contracts
Samples: Intellectual Property Security Agreement (GrafTech Holdings Inc.), Intellectual Property Security Agreement (Graftech International LTD), Intellectual Property Security Agreement (Ucar International Inc)
Future Rights. (a) If, before the time that all Obligations shall have been paid in full, no Letters of Credit are outstanding and the Secured Parties no longer have Commitments under the Credit AgreementAgreements, any Grantor shall obtain rights to any material asset or item that may be considered Collateral, the provisions of Section 2.01 shall automatically apply thereto and each Grantor shall give to the Collateral Agent prompt notice thereof in writing.
Appears in 1 contract
Samples: Intellectual Property Security Agreement (Ucar International Inc)
