Common use of Preservation of Marks Clause in Contracts

Preservation of Marks. Each Grantor agrees to use its Marks which are material to such Grantor’s business in interstate commerce during the time in which this Agreement is in effect and to take all such other actions as are reasonably necessary to preserve such material Marks as trademarks or service marks under the laws of the United States (in each case, other than any such Marks which, in the Grantor’s reasonable business judgment, are no longer necessary in the conduct of the Grantor’s business).

Appears in 6 contracts

Samples: Pledge and Security Agreement (Castle a M & Co), Pledge and Security Agreement (Castle a M & Co), Pledge and Security Agreement (Nektar Therapeutics)

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Preservation of Marks. Each Grantor agrees to use its Marks which that are material to such Grantor’s business in interstate commerce during the time in which this Agreement is in effect to the extent required by the laws of the United States to maintain its rights in such Xxxx and to take all such other actions as are reasonably necessary to preserve such material Marks as trademarks or service marks under the laws of the United States (in each case, other than any such material Marks which, in the Grantor’s reasonable business judgment, that are no longer material or are deemed by such Grantor in its reasonable business judgment to no longer be necessary in the conduct of the Grantor’s business).

Appears in 3 contracts

Samples: Security Agreement (PAE Inc), Security Agreement (PAE Inc), First Lien Security Agreement (PAE Inc)

Preservation of Marks. Each Grantor agrees to use its take all such actions as are reasonably necessary to preserve the Marks which that are material to such Grantor’s business in interstate commerce during the time in which this Agreement is in effect and to take all such other actions as are reasonably necessary to preserve such material Marks as trademarks or service marks under the laws of the United States (in each case, other than any such material Marks which, in the Grantor’s reasonable business judgment, that are no longer material or are deemed by such Grantor in its reasonable business judgment to no longer be necessary in the conduct of the Grantor’s business).

Appears in 3 contracts

Samples: Security Agreement (Iridium Communications Inc.), Revolving Credit Agreement (VERRA MOBILITY Corp), Intercreditor Agreement (VERRA MOBILITY Corp)

Preservation of Marks. Each Grantor agrees to use its Marks which are material to such Grantor’s business in interstate commerce during the time in which this Agreement is in effect and to take all such other actions as are reasonably necessary effect, sufficiently to preserve such material Marks (and any registrations thereto) as trademarks or service marks registered under the laws of the United States (States; provided, that, to the extent permitted by the Credit Agreement, no Grantor shall be obligated to preserve any Xxxx in each case, other than any the event such Marks whichGrantor determines, in the Grantor’s its reasonable business judgment, are that the preservation of such Xxxx is no longer necessary or desirable in the conduct of the Grantor’s its business).

Appears in 2 contracts

Samples: First Restated Security Agreement (Nexstar Broadcasting Group Inc), First Restated Security Agreement (Mission Broadcasting Inc)

Preservation of Marks. Each Except as consistent with such Grantor’s reasonable business judgment, each Grantor agrees to use take, at its expense, all commercially reasonable steps to preserve the Marks which that are material to such Grantor’s business in interstate commerce during the time in which this Agreement is in effect and to take all such other actions as are reasonably necessary to preserve such material Marks as trademarks or service marks under the laws of the United States (in each case, other than any such material Marks which, in the Grantor’s reasonable business judgment, that are no longer material or are deemed by such Grantor in its reasonable business judgment to no longer be necessary in the conduct of the Grantor’s business).

Appears in 1 contract

Samples: Term Loan Security Agreement (Kemet Corp)

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Preservation of Marks. Each Grantor agrees to use its Marks which are material to such Grantor’s business in interstate commerce during the time in which this Agreement is in effect and to take all such other actions as are reasonably necessary effect, sufficiently to preserve such material Marks (and any registrations thereof) as trademarks or service marks registered under the laws of the United States (in each caseStates; PROVIDED, other than HOWEVER, that no Grantor shall be obligated to preserve any Mark xx the event such Marks whichGrantor determines, in the Grantor’s its reasonable business judgment, are that the preservation of such Mark xx no longer necessary or desirable in the conduct of the Grantor’s its business).

Appears in 1 contract

Samples: Security Agreement (Regent Communications Inc)

Preservation of Marks. Each Grantor agrees to use its material Marks which are material to such Grantor’s business in interstate commerce during the time in which this Agreement is in effect and to take all such other actions as are reasonably necessary effect, sufficiently to preserve such material Marks (and any registrations thereof) as trademarks or service marks registered under the laws of the United States (States; provided, however, that no Grantor shall be obligated to preserve any Mxxx in each case, other than any the event such Marks whichGrantor determines, in the Grantor’s its reasonable business judgment, are that the preservation of such Mxxx is no longer necessary or desirable in the conduct of the Grantor’s its business).

Appears in 1 contract

Samples: Security Agreement (Nextera Enterprises Inc)

Preservation of Marks. Each Grantor agrees to use its Marks which are material to such Grantor’s business in --------------------- interstate commerce during the time in which this Agreement is in effect and to take all such other actions as are reasonably necessary effect, sufficiently to preserve such material Marks (and any registrations thereto) as trademarks or service marks registered under the laws of the United States (States, provided, that, to the extent permitted by the Credit Agreement, no Grantor -------- shall be obligated to preserve any Xxxx in each case, other than any the event such Marks whichGrantor determines, in the Grantor’s its reasonable business judgment, are that the preservation of such Xxxx is no longer necessary or desirable in the conduct of the Grantor’s its business).

Appears in 1 contract

Samples: Security Agreement (Nexstar Broadcasting of the Wichita Falls LLC)

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