No Royalties. Grantor hereby agrees that Lender’s right to use the Trademarks as authorized hereunder in connection with Lender’s exercise of its rights and remedies under Section 7 hereof, or under the Loan and Security Agreement shall be co-extensive with Grantor’s rights in and to such Trademarks and Lender shall have no liability to Grantor for royalties or other related charges on account of any such use.
Appears in 3 contracts
No Royalties. Grantor hereby agrees that Lender’s right to use the Trademarks Copyrights as authorized hereunder in connection with Lender’s exercise of its rights and remedies under Section 7 hereof, hereof or under the Loan and Security Agreement shall be co-extensive with Grantor’s rights in and to such Trademarks Copyrights and Lender shall have no liability to Grantor for royalties or other related charges on account of any such use.
Appears in 2 contracts
Samples: Security Agreement (Dri Corp), Security Agreement (Dri Corp)
No Royalties. Grantor hereby agrees that Lender’s right to use the Trademarks Patents as authorized hereunder in connection with Lender’s exercise of its rights and remedies under Section 7 hereof, hereof or under the Loan and Security Agreement shall be co-extensive with Grantor’s rights in and to such Trademarks Patents and Lender shall have no liability to Grantor for royalties or other related charges on account of any such use.
Appears in 1 contract
Samples: Patent Security Agreement (Dri Corp)
