Common use of Prosecution of Patent Application Clause in Contracts

Prosecution of Patent Application. At its own expense, each Grantor shall diligently prosecute all applications for United States Patents listed on Schedule F hereto and shall not abandon any such application prior to exhaustion of all reasonable administrative and judicial remedies, absent written consent of the Collateral Agent; provided that, to the extent permitted by the Credit Agreement, no Grantor shall be obligated to prosecute any application in the event such Grantor determines, in its reasonable business judgment, that the prosecuting of such application is no longer necessary or desirable in the conduct of its business.

Appears in 2 contracts

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

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Prosecution of Patent Application. At its own expense, to the extent such Patents are material to its business, each Grantor shall diligently prosecute all applications for United States Patents patents listed on Schedule F hereto Exhibit A hereto, and shall not abandon any such application prior to exhaustion of all reasonable administrative and judicial remedies, absent written consent of the Collateral Agent; provided that, to the extent permitted by the Credit Agreement, no Grantor shall be obligated to prosecute any application in the event such Grantor determines, in its reasonable business judgment, that the prosecuting of such application is no longer necessary or desirable in the conduct of its business.Bank. 65 (f)

Appears in 1 contract

Samples: Credit Agreement (Transact Technologies Inc)

Prosecution of Patent Application. At its own expense, each Grantor shall diligently prosecute all applications for United States Patents listed on Schedule F hereto necessary to operate the business of each Grantor and shall not abandon any such application prior to exhaustion of all reasonable administrative and judicial remedies, absent without the prior written consent of the Collateral Administrative Agent; provided thatprovided, to the extent permitted by the Credit Agreementhowever, that no Grantor shall be obligated to prosecute any such application in the event such Grantor determines, in its reasonable business judgment, that the prosecuting prosecution of such application is no longer necessary or desirable in the conduct of its business.

Appears in 1 contract

Samples: Security Agreement (Nextera Enterprises Inc)

Prosecution of Patent Application. At its own expense, to the extent such Patents are material to its business, each Grantor shall diligently prosecute all applications for United States Patents patents listed on Schedule F hereto Exhibit A hereto, and shall not abandon any such application prior to exhaustion of all reasonable administrative and judicial remedies, absent written consent of the Collateral Agent; provided that, to the extent permitted by the Credit Agreement, no Grantor shall be obligated to prosecute any application in the event such Grantor determines, in its reasonable business judgment, that the prosecuting of such application is no longer necessary or desirable in the conduct of its business.. 127 15

Appears in 1 contract

Samples: Credit Agreement (Amscan Holdings Inc)

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Prosecution of Patent Application. At its own expense, each Grantor shall diligently prosecute all applications for United States Patents listed on Schedule ANNEX F hereto and shall not abandon any such application prior to exhaustion of all reasonable administrative and judicial remedies, absent without the prior written consent of the Collateral Agent; provided thatPROVIDED, to the extent permitted by the Credit AgreementHOWEVER, that no Grantor shall be obligated to prosecute any such application in the event such Grantor determines, in its reasonable business judgment, that the prosecuting prosecution of such application is no longer necessary or desirable in the conduct of its business.

Appears in 1 contract

Samples: Security Agreement (Regent Communications Inc)

Prosecution of Patent Application. At its own expense, each Grantor --------------------------------- shall diligently prosecute all applications for United States Patents listed on Schedule F hereto and shall not abandon any such application prior to exhaustion ---------- of all reasonable administrative and judicial remedies, absent written consent of the Collateral Agent; , provided that, to the extent permitted by the Credit -------- Agreement, no Grantor shall be obligated to prosecute any application in the event such Grantor determines, in its reasonable business judgment, that the prosecuting of such application is no longer necessary or desirable in the conduct of its business.

Appears in 1 contract

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

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