Common use of New Collateral Clause in Contracts

New Collateral. If, before the Obligations shall have been irrevocably paid in full, Borrower shall obtain rights to any new Collateral, the provisions of this Agreement hereby shall automatically apply thereto as if the same were identified on Schedule 1 as of the date hereof and Borrower shall give Lender prompt written notice thereof.

Appears in 2 contracts

Samples: Intellectual Property Security Agreement (Webmedia Brands Inc.), Intellectual Property Security Agreement (Webmedia Brands Inc.)

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New Collateral. If, before the Obligations shall have been irrevocably paid in fullfull and the Swap Agreement terminated, Borrower shall obtain rights to any new Collateral, the provisions of this Agreement hereby shall automatically apply thereto as if the same were identified on Schedule 1 as of the date hereof and Borrower shall give Lender Agent prompt written notice thereof.

Appears in 1 contract

Samples: Intellectual Property Security Agreement (Webmedia Brands Inc.)

New Collateral. If, before the Obligations shall have been irrevocably paid in full, Borrower shall obtain rights to any new Collateral, the provisions of this Agreement hereby shall automatically apply thereto as if the same were identified on Schedule 1 as of the date hereof and Borrower shall give Lender prompt written notice thereofthereto.

Appears in 1 contract

Samples: Intellectual Property Security Agreement (Webmediabrands Inc.)

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New Collateral. If, before the Obligations shall have been irrevocably paid in fullfull and the Commitment terminated, Borrower shall obtain rights to any new Collateral, the provisions of this Agreement hereby shall automatically apply thereto as if the same were identified on Schedule 1 as of the date hereof and Borrower shall give Lender Agent prompt written notice thereof.

Appears in 1 contract

Samples: Intellectual Property Security Agreement (Jupitermedia Corp)

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