Common use of Patents, Trademarks and Copyrights Clause in Contracts

Patents, Trademarks and Copyrights. (i) Unless any of the Debtors deems it appropriate in the exercise of its reasonable business judgment to do otherwise and, if after the occurrence of an Event of Default which has not been waived or cured to the satisfaction of the Lender with the prior written consent of the Lender, (i) continue to use each Trademark on each and every trademark class of goods applicable to its current line as reflected in its current catalogs, brochures and price lists in order to maintain such Trademark in full force free from any claim of abandonment for non-use, (ii) maintain as in the past the quality of products and services offered under such Trademark, (iii) employ such Trademark or Copyright with the appropriate notice of registration, (iv) not adopt or use any xxxx which is confusingly similar or a colorable imitation of such Trademark unless the Lender shall obtain a perfected security interest in such xxxx pursuant to this Agreement, and (v) not (and not permit any licensee or sublicensee thereof to) do any act or knowingly omit to do any act whereby any Trademark or Copyright may become invalidated.

Appears in 2 contracts

Samples: Purchase Agreement (Environmental Tectonics Corp), Purchase Agreement (Environmental Tectonics Corp)

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Patents, Trademarks and Copyrights. (i) Unless Each Grantor (either itself or through licensees) will, except with respect to any Trademark that the Grantors shall reasonably determine is of the Debtors deems it appropriate in the exercise of its reasonable business judgment negligible economic value to do otherwise and, if after the occurrence of an Event of Default which has not been waived or cured to the satisfaction of the Lender with the prior written consent of the Lenderit, (i) continue to use each Trademark on each and every trademark class of goods applicable to its current line as reflected in its current catalogs, brochures and price lists in order to maintain such Trademark in full force free from any claim of abandonment for non-use, (ii) maintain as in the past the quality of products and services offered under such Trademark, (iii) employ such Trademark or Copyright with the appropriate notice of registration, (iv) not adopt or use any xxxx mxxx which is confusingly similar or a colorable imitation of such Trademark unless the Lender shall obtain a perfected security interest in such xxxx mxxx pursuant to this Security Agreement, and (v) not (and not permit any licensee or sublicensee thereof to) do any act or knowingly omit to do any act whereby any Trademark or Copyright may become invalidated.

Appears in 2 contracts

Samples: Security Agreement (Merisel Inc /De/), Security Agreement (Merisel Inc /De/)

Patents, Trademarks and Copyrights. (i) Unless Each Grantor (either itself or through licensees) will, except with respect to any Trademark that such Grantor shall reasonably determine is of the Debtors deems it appropriate in the exercise of its reasonable business judgment negligible economic value to do otherwise and, if after the occurrence of an Event of Default which has not been waived or cured to the satisfaction of the Lender with the prior written consent of the Lenderit, (i) continue to use each Trademark on each and every trademark class of goods applicable to its current line as reflected in its current catalogs, brochures and price lists in order to maintain such Trademark in full force free from any claim of abandonment for non-use, (ii) maintain as in the past the quality of products and services offered under such Trademark, (iii) employ such Trademark or Copyright with the appropriate notice of registration, (iv) not adopt or use any xxxx which mark xxxch is confusingly similar or a colorable imitation of such Trademark unless the Lender Administrative Agent, for the ratable benefit of the Lenders and the Issuing Lender, shall obtain a perfected security interest in such xxxx pursuant mark xxxsuant to this Security Agreement, and (v) not (and not permit any licensee or sublicensee thereof to) do any act or knowingly omit to do any act whereby any Trademark or Copyright may become invalidated.

Appears in 1 contract

Samples: Security Agreement (Denali Inc)

Patents, Trademarks and Copyrights. (i) Unless any of the Debtors deems it appropriate in the exercise of its reasonable business judgment to do otherwise and, if after the occurrence of an Event of Default which has not been waived or cured to the satisfaction of the Lender with the prior written consent of the Lender, (i) continue to use each Trademark on each and every trademark class of goods applicable to its current line as reflected in its current catalogs, brochures and price lists in order to maintain such Trademark in full force free from any claim of abandonment for non-use, (ii) maintain as in the past the quality of products and services offered under such Trademark, (iii) employ such Trademark or Copyright with the appropriate notice of registration, (iv) not adopt or use any xxxx which is confusingly similar or a colorable imitation of such Trademark unless the Lender shall obtain a perfected security interest in such xxxx pursuant to this Security Agreement, and (v) not (and not permit any licensee or sublicensee thereof to) do any act or knowingly omit to do any act whereby any Trademark or Copyright may become invalidated.

Appears in 1 contract

Samples: Security Agreement (Environmental Tectonics Corp)

Patents, Trademarks and Copyrights. (i) Unless Each Grantor (either itself or through licensees) will, except with respect to any Trademark that such Grantor shall reasonably determine is of the Debtors deems it appropriate in the exercise of its reasonable business judgment negligible economic value to do otherwise and, if after the occurrence of an Event of Default which has not been waived or cured to the satisfaction of the Lender with the prior written consent of the Lenderit, (i) continue to use each Trademark on each and every trademark class of goods applicable to its current line as reflected in its current catalogs, brochures and price lists in order to maintain such Trademark in full force free from any claim of abandonment for non-use, (ii) maintain as in -180- 188 the past the quality of products and services offered under such Trademark, (iii) employ such Trademark or Copyright with the appropriate notice of registration, (iv) not adopt or use any xxxx which mark xxxch is confusingly similar or a colorable imitation of such Trademark unless the Lender Administrative Agent, for the ratable benefit of the Lenders and the Issuing Lender, shall obtain a perfected security interest in such xxxx pursuant mark xxxsuant to this Security Agreement, and (v) not (and not permit any licensee or sublicensee thereof to) do any act or knowingly omit to do any act whereby any Trademark or Copyright may become invalidated.

Appears in 1 contract

Samples: Pledge Agreement (Denali Inc)

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Patents, Trademarks and Copyrights. (i) Unless any of the Debtors deems it appropriate in the exercise of its reasonable business judgment to do otherwise and, if after the occurrence of an Event of Default which has not been waived Each Grantor (either itself or cured to the satisfaction of the Lender with the prior written consent of the Lender, through licensees) will (i) continue to use each material Trademark on each and every material trademark class of goods applicable to its current line as reflected in its current catalogs, brochures and price lists in order to maintain such Trademark in full force free from any claim of abandonment for non-use, (ii) maintain as in the past the quality of products and services offered under such Trademark, (iii) employ such Trademark or Copyright with the appropriate notice of registration, (iv) not adopt or use any xxxx which is confusingly similar or a colorable imitation of such Trademark unless the Lender Administrative Agent, for the ratable benefit of the Lenders and the other Secured Parties, shall obtain a perfected security interest in such xxxx pursuant to this Security Agreement, and (v) not (and not permit any licensee or sublicensee thereof to) do any act or knowingly omit to do any act whereby any material Trademark or Copyright may become invalidated.

Appears in 1 contract

Samples: Guarantor Security Agreement (Steinway Musical Instruments Inc)

Patents, Trademarks and Copyrights. (i) Unless Grantor (either itself or through licensees) will, except with respect to any Trademark that Grantor shall reasonably determine is of the Debtors deems immaterial economic value to it appropriate or which Grantor abandons in the exercise of its reasonable business judgment to do otherwise and, if after the occurrence of an Event of Default which has not been waived or cured to the satisfaction of the Lender accordance with the prior written consent of the LenderSection (p)(ii) below, (i) continue to use each Trademark on each and every trademark class of goods applicable to its current line as reflected in its current catalogs, brochures and price lists in order to maintain such Trademark in full force free from any claim of abandonment for non-use, (ii) maintain as in the past the quality of products and services offered under such Trademarktrademark, (iii) employ such Trademark or Copyright with the appropriate notice of registration, (iv) not adopt or use any xxxx which is confusingly similar or a colorable imitation of such Trademark unless the Lender Collateral Agent shall obtain a perfected security interest in such xxxx pursuant to this Security Agreement, and (v) not (and not permit any licensee or sublicensee thereof to) do any act or knowingly omit to do any act whereby any Trademark or Copyright may become invalidated.

Appears in 1 contract

Samples: Pledge and Security Agreement (Continental Caribbean Containers Inc)

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