Common use of Preservation of Marks Clause in Contracts

Preservation of Marks. Each Debtor agrees to use its Marks as required in each of the applicable jurisdictions during the time in which this Agreement is in effect, sufficiently to preserve such Marks (and any registrations thereto) as trademarks or service marks under the laws of the United States and any other applicable law; provided, that, prior to any Default, no Debtor shall be obligated to preserve any Xxxx in the event such Debtor determines, in its commercially reasonable business judgment, that the preservation of such Xxxx is no longer desirable in the conduct of its business.

Appears in 4 contracts

Samples: Security and Pledge Agreement (Dyntek Inc), Security and Pledge Agreement (Dyntek Inc), Security and Pledge Agreement (Dyntek Inc)

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Preservation of Marks. Each Debtor agrees to use its Marks as required in each of the applicable jurisdictions during the time in which this Agreement is in effect, sufficiently to preserve such Marks (and any registrations thereto) as trademarks or service marks under the laws of the United States and any other applicable law; provided, that, prior to any Default, no Debtor shall be obligated to preserve any Xxxx in Mark xx the event such the Debtor determines, in its commercially reasonable business judgment, that the preservation of such Xxxx is Mark xx no longer desirable in the conduct of its business.

Appears in 3 contracts

Samples: Security Agreement (Tweeter Home Entertainment Group Inc), Credit Agreement (Tweeter Home Entertainment Group Inc), Tweeter Security Agreement (Tweeter Home Entertainment Group Inc)

Preservation of Marks. Each Debtor agrees to use or license the use of its Marks as required in each of the applicable jurisdictions interstate commerce during the time in which this Agreement is in effect, sufficiently to preserve such Marks (and any registrations thereto) as trademarks or service marks registered under the laws of the United States and any other applicable lawor the relevant foreign jurisdiction; provided, that, prior to any Default, that no Debtor shall be obligated to preserve any Xxxx in the event such Debtor determines, in its commercially reasonable business judgment, that the preservation of such Xxxx is no longer desirable necessary in the conduct of its business.

Appears in 2 contracts

Samples: Security Agreement (Mobilepro Corp), Security Agreement (Davel Communications Inc)

Preservation of Marks. Each Debtor agrees to use its Marks and Domain Names in interstate or foreign commerce, as required in each of the applicable jurisdictions case may be, during the time in which this Agreement is in effect, sufficiently to preserve such Marks (as valid and any registrations thereto) as subsisting trademarks or service marks under the laws of the United States and any other applicable lawor the relevant foreign jurisdiction; provided, that, prior to any Default, provided that no Debtor shall be obligated to preserve any Xxxx in to the event such extent the Debtor determines, in its commercially reasonable business judgment, that the preservation of such Xxxx is no longer economically desirable in the conduct of its business.

Appears in 2 contracts

Samples: Security Agreement (Stonemor Partners Lp), Security Agreement (Stonemor Partners Lp)

Preservation of Marks. Each Debtor agrees to use its Marks as required in each of the applicable jurisdictions during the time in which this Agreement is in effect, sufficiently to preserve such Marks (and any registrations thereto) as trademarks or service marks under the laws of the United States and any other applicable law; provided, that, prior to any Default, no Debtor shall be obligated to preserve any Xxxx Mark in the event such Debtor determinesdeterxxxxs, in its commercially reasonable business judgment, that the preservation of such Xxxx Mark is no longer desirable in the conduct xxxxuct of its business.

Appears in 1 contract

Samples: Security, Pledge and Guaranty Agreement (Synergy Brands Inc)

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Preservation of Marks. Each Debtor agrees to use its Marks as required in each of the applicable jurisdictions during the time in which this Agreement is in effect, sufficiently to preserve such Marks (and any registrations thereto) as trademarks or service marks under the laws of the United States and any other applicable law; provided, that, prior to any Default, no Debtor shall be obligated to preserve any Xxxx in the event such Debtor determines, in its commercially reasonable business judgment, that the preservation of such Xxxx is no longer desirable in the conduct of its business.

Appears in 1 contract

Samples: Security Agreement (Asc Holdings Inc)

Preservation of Marks. Each The Debtor agrees to use its Marks as required in each of the applicable jurisdictions during the time in which this Agreement is in effect, sufficiently to preserve such Marks (and any registrations thereto) as trademarks or service marks under the laws of the United States and any other applicable law; provided, that, prior to any Default, no the Debtor shall not be obligated to preserve any Xxxx Mark in the event such the Debtor determines, in its commercially reasonable reaxxxxble business judgment, that the preservation of such Xxxx Mark is no longer desirable in the conduct of its businessbxxxxess.

Appears in 1 contract

Samples: Security Agreement (Dynasil Corp of America)

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