Common use of Grant of Security Interest in Patents Clause in Contracts

Grant of Security Interest in Patents. To secure the complete and timely payment, performance and satisfaction of all of the Secured Obligations, the Grantor hereby grants to the Noteholders, a security interest as and by way of a first mortgage and security interest having priority over all of other security interests, including, without limitation, with power of sale to the fullest extent permitted by applicable law, in all of the Grantor's right, title and interest in and to the Grantor's now owned or otherwise existing and hereafter acquired or arising: patents and patent applications and (i) all renewals thereof, (ii) all income, royalties, damages and payments now and hereafter due and/or payable under and with respect to thereto, including, without limitation, payments under all licenses entered into in connection therewith and damages and payments for past or future infringements or dilutions thereof, (iii) the right to xxx for past, present and future infringements and dilutions thereof, (iv) the goodwill of the Grantor's business symbolized by the foregoing and connected therewith and (v) all of the Grantor's rights corresponding thereto throughout the world (all of the foregoing patents and patent applications, together wit the items described in clauses (i)-(v) in this Section 2.3, are hereinafter individually and/or collectively referred to as the "Patents"); and (b) all proceeds of any and all of the foregoing, including, without limitation, license royalties and proceeds of the infringement suits.

Grant of Security Interest in Patents. To secure the complete and timely payment, performance and satisfaction of all of the Secured Obligations, the Grantor Borrower hereby grants to the Noteholders, Lender a security interest interest, as and by way of a first mortgage and security interest having priority over all of other security interests, including, without limitation, with power of sale to the fullest extent permitted by applicable law, in all of the GrantorBorrower's right, title and interest in and to the GrantorBorrower's now owned or otherwise existing and hereafter acquired or arising: (i) patents and patent applications, including, without limitation, the patents and patent applications listed on SCHEDULE 4.8, and (ia) all renewals renewals, continuances and modifications thereof, (iib) all income, royalties, damages and payments now and hereafter due and/or payable under and with respect to thereto, including, without limitation, payments under all licenses entered into in connection therewith and damages and payments for past or future infringements or dilutions thereofinfringements, (iiic) the right to xxx sue for past, present and future infringements and dilutions thereofinfringements, (ivd) the goodwill of the Grantorox xhe Borrower's business symbolized by the foregoing and connected therewith and (ve) all of the GrantorBorrower's rights corresponding thereto throughout the world (all of the foregoing patents and patent applications, together wit with the items described in clauses (i)-(va)-(e) in this Section 2.35, are hereinafter individually and/or collectively referred to as the "Patents"); and (bii) all proceeds of any and all of the foregoing, including, without limitation, license royalties and proceeds of the infringement suits.

Grant of Security Interest in Patents. To secure the complete and timely payment, performance and satisfaction of all of the Secured Obligations, the Grantor hereby grants to the Collateral Agent, for the benefit of the Noteholders, a security interest as and by way of a first mortgage lien and security interest having priority over all of other security interestsinterests except as set forth in Section 2.5 below, including, without limitation, including with power of sale to the fullest extent permitted by applicable law, in all of the Grantor's ’s right, title and interest in and to the Grantor's ’s now owned or otherwise existing and hereafter acquired or arising: (a) patents and patent applications and (ib) all renewals thereof, (ii) all income, royalties, damages and payments now and hereafter due and/or payable under and with respect to thereto, including, without limitation, payments under all licenses entered into in connection therewith and damages and payments for past or future infringements or dilutions thereof, (iii) the right to xxx for past, present and future infringements and dilutions thereof, (iv) the goodwill of the Grantor's ’s business symbolized by the foregoing and connected therewith and (v) all of the Grantor's ’s rights corresponding thereto throughout the world (other than in connection with the Company’s PMK Apparatus,) (all of the foregoing patents and patent applications, together wit the items described in the foregoing clauses (i)-(va) and (b) in this Section 2.3, are hereinafter individually and/or collectively referred to as the "“Patents"”); and (bc) all proceeds of any and all of the foregoing, including, without limitation, including license royalties and proceeds of the infringement suits. Notwithstanding the foregoing provisions of this Section 2.3, the Patents shall not include any agreement to purchase a patent in effect as of the date hereof that by its terms expressly prohibits the grant of the security contemplated by this Agreement; provided, however, that upon the termination of such prohibitions for any reason whatsoever, the provisions of this Section 2.3 shall be deemed to apply thereto automatically.

Grant of Security Interest in Patents. To secure the complete and timely payment, performance and satisfaction of all of the Secured Obligations, the Grantor Borrower hereby grants to the Noteholders, Lender a security interest interest, as and by way of a first mortgage and security interest having priority over all of other security interests, including, without limitation, with power of sale to the fullest extent permitted by applicable law, in all of the GrantorBorrower's right, title and interest in and to the GrantorBorrower's now owned or otherwise existing and hereafter acquired or arising: (i) patents and patent applications, including, without limitation, the patents and patent applications listed on SCHEDULE 4.8, and (ia) all renewals renewals, continuances and modifications thereof, (iib) all income, royalties, damages and payments now and hereafter due and/or payable under and with respect to thereto, including, without limitation, payments under all licenses entered into in connection therewith and damages and payments for past or future infringements or dilutions thereofinfringements, (iiic) the right to xxx for past, present and future infringements and dilutions thereofinfringements, (ivd) the goodwill of the GrantorBorrower's business symbolized by the foregoing and connected therewith and (ve) all of the GrantorBorrower's rights corresponding thereto throughout the world (all of the foregoing patents and patent applications, together wit with the items described in clauses (i)-(va)-(e) in this Section 2.35, are hereinafter individually and/or collectively referred to as the "Patents"); and (bii) all proceeds of any and all of the foregoing, including, without limitation, license royalties and proceeds of the infringement suits.

Grant of Security Interest in Patents. To secure the complete and timely payment, performance and satisfaction of all of the Secured Obligations, the Grantor hereby grants to the NoteholdersCollateral Agent, for the benefit of the Holders, a security interest as and by way of a first second mortgage and security interest having priority over all of other security interests, includingexcept for the security interest granted for the benefit of the holders of the Senior Notes, without limitation, including with power of sale to the fullest extent permitted by applicable law, in all of the Grantor's ’s right, title and interest in and to the Grantor's ’s now owned or otherwise existing and hereafter acquired or arising: (a) patents and patent applications and (ib) all renewals thereof, (ii) all income, royalties, damages and payments now and hereafter due and/or payable under and with respect to thereto, including, without limitation, payments under all licenses entered into in connection therewith and damages and payments for past or future infringements or dilutions thereof, (iii) the right to xxx for past, present and future infringements and dilutions thereof, (iv) the goodwill of the Grantor's ’s business symbolized by the foregoing and connected therewith and (v) all of the Grantor's ’s rights corresponding thereto throughout the world (all of the foregoing patents and patent applications, together wit the items described in the foregoing clauses (i)-(va) and (b) in this Section 2.3, are hereinafter individually and/or collectively referred to as the "“Patents"”); and (bc) all proceeds of any and all of the foregoing, including, without limitation, including license royalties and proceeds of the infringement suits. Notwithstanding the foregoing provisions of this Section 2.3, the Patents shall not include any agreement to purchase a patent in effect as of the date hereof that by its terms expressly prohibits the grant of the security contemplated by this Agreement; provided, however, that upon the termination of such prohibitions for any reason whatsoever, the provisions of this Section 2.3 shall be deemed to apply thereto automatically.

Grant of Security Interest in Patents. To secure the complete and timely payment, performance and satisfaction of all of the Secured Obligations, the each Grantor hereby grants to the NoteholdersCollateral Agent, for the benefit of the Investors, a first priority security interest as and by way of a first mortgage and security interest having priority over all of other security interests, including, without limitation, with power of sale to the fullest extent permitted by applicable law, in all of the Grantor's ’s right, title and interest in and to the Grantor's ’s now owned or otherwise existing and hereafter acquired or arising: (a) rights under patents and patent applications applications, and (ib) all renewals thereof, (ii) all income, royalties, damages and payments now and hereafter due and/or payable under and with respect to theretoany of the foregoing, including, without limitation, payments under all licenses entered into in connection therewith and damages and payments for past or future infringements or dilutions thereof, (iii) the right to xxx for past, present and future infringements and dilutions thereof, (iv) the goodwill of the Grantor's ’s business symbolized by the foregoing and connected therewith and (v) all of the Grantor's ’s rights corresponding thereto throughout the world (all of the foregoing patents and patent applications, together wit the items described in the foregoing clauses (i)-(va) and (b) in this Section 2.3, are hereinafter individually and/or collectively referred to as the "“Patents"”); and (b) all proceeds of any and all of the foregoing, including, without limitation, including license royalties and proceeds of the infringement suits.

Grant of Security Interest in Patents. To secure the complete and timely payment, performance and satisfaction of all of the Secured Obligations, the Grantor hereby grants to the NoteholdersCollateral Agent, for the benefit of the Holders, a security interest as and by way of a first mortgage and security interest having priority over all of other security interests, including, without limitation, including with power of sale to the fullest extent permitted by applicable law, in all of the Grantor's ’s right, title and interest in and to the Grantor's ’s now owned or otherwise existing and hereafter acquired or arising: (a) patents and patent applications and (ib) all renewals thereof, (ii) all income, royalties, damages and payments now and hereafter due and/or payable under and with respect to thereto, including, without limitation, payments under all licenses entered into in connection therewith and damages and payments for past or future infringements or dilutions thereof, (iii) the right to xxx for past, present and future infringements and dilutions thereof, (iv) the goodwill of the Grantor's ’s business symbolized by the foregoing and connected therewith and (v) all of the Grantor's ’s rights corresponding thereto throughout the world (all of the foregoing patents and patent applications, together wit the items described in the foregoing clauses (i)-(va) and (b) in this Section 2.3, are hereinafter individually and/or collectively referred to as the "“Patents"”); and (bc) all proceeds of any and all of the foregoing, including, without limitation, including license royalties and proceeds of the infringement suits. Notwithstanding the foregoing provisions of this Section 2.3, the Patents shall not include any agreement to purchase a patent in effect as of the date hereof that by its terms expressly prohibits the grant of the security contemplated by this Agreement; provided, however, that upon the termination of such prohibitions for any reason whatsoever, the provisions of this Section 2.3 shall be deemed to apply thereto automatically.

Grant of Security Interest in Patents. To secure the complete and timely payment, performance and satisfaction of all of the Secured Obligations, the each Grantor hereby grants to the NoteholdersCollateral Agent, for the benefit of the Investors, a continuing security interest as and by way of a first mortgage and security interest having priority over all of other security interests, including, without limitation, with power of sale to the fullest extent permitted by applicable law, in all of the Grantor's ’s right, title and interest in and to the Grantor's ’s now owned or otherwise existing and hereafter acquired or arising: (a) rights under patents and patent applications applications, and (ib) all renewals thereof, (ii) all income, royalties, damages and payments now and hereafter due and/or payable under and with respect to theretoany of the foregoing, including, without limitation, payments under all licenses entered into in connection therewith and damages and payments for past or future infringements or dilutions thereof, (iii) the right to xxx for past, present and future infringements and dilutions thereof, (iv) the goodwill of the Grantor's ’s business symbolized by the foregoing and connected therewith and (v) all of the Grantor's ’s rights corresponding thereto throughout the world (all of the foregoing patents and patent applications, together wit the items described in the foregoing clauses (i)-(va) and (b) in this Section 2.3, are hereinafter individually and/or collectively referred to as the "“Patents"”); and (b) all proceeds of any and all of the foregoing, including, without limitation, including license royalties and proceeds of the infringement suits.

Grant of Security Interest in Patents. To secure the complete and timely payment, performance and satisfaction of all of the Secured Obligations, the Grantor hereby grants to the NoteholdersCollateral Agent, for the benefit of the Holders, a security interest as and by way of a first mortgage and security interest having priority over all of other security interests, including, without limitation, including with power of sale to the fullest extent permitted by applicable law, in all of the Grantor's ’s right, title and interest in and to the Grantor's ’s now owned or otherwise existing and hereafter acquired or arising: (a) patents and patent applications and (ib) all renewals thereof, (ii) all income, royalties, damages and payments now and hereafter due and/or payable under and with respect to thereto, including, without limitation, payments under all licenses entered into in connection therewith and damages and payments for past or future infringements or dilutions thereof, (iii) the right to xxx for past, present and future infringements and dilutions thereof, (iv) the goodwill of the Grantor's ’s business symbolized by the foregoing and connected therewith and (v) all of the Grantor's ’s rights corresponding thereto throughout the world (all of the foregoing patents and patent applications, together wit the items described in the foregoing clauses (i)-(va) and (b) in this Section 2.3, are hereinafter individually and/or collectively referred to as the "“Patents"”); and (bc) all proceeds of any and all of the foregoing, including, without limitation, including license royalties and proceeds of the infringement suits. Notwithstanding the foregoing provisions of this Section 2.3, the Patents shall not include any agreement to purchase a patent in effect as of the date hereof that by its terms expressly prohibits the grant of the security contemplated by this Agreement; provided, however, that upon the termination of such prohibitions for any reason whatsoever, the provisions of this Section 2.3 shall be deemed to apply thereto automatically.