Common use of Registration of Intellectual Property Rights Clause in Contracts

Registration of Intellectual Property Rights. (a) Each Borrower shall register or cause to be registered on an expedited basis (to the extent not already registered) with the United States Patent and Trademark Office or the United States Copyright Office, as applicable: (i) those Copyrights listed on Exhibit A to the Intellectual Property Security Agreement identified by Lender as material and those intellectual property rights listed on Exhibits B and C to the Intellectual Property Security Agreement delivered to Lender by each Borrower in connection with this Agreement, within thirty (30) days of the date of this Agreement, (ii) all registrable Trademarks and Patents any Borrower has developed as of the date of this Agreement which are material to any Borrower's business as currently operated and as contemplated to be operated and which have not yet been registered and all Copyrights reasonably identified by Lender as material Copyrights and which have not yet been registered, in each case within thirty (30) days of the date of this Agreement; provided, however, that in the event Lender identifies any Patent, Trademark or Copyright as material after the date of this Agreement, Borrower shall have thirty (30) days from the date of such determination to cause such Patents, Trademarks or Copyrights to be registered on an expedited basis, and (iii) those additional intellectual property rights developed or acquired by any Borrower from time to time in connection with any product or service and reasonably deemed material by Lender, prior to the sale or licensing of such product or the rendering of such service to any third party, and prior to any Borrower's use of such product (including without limitation major revisions or additions to the intellectual property rights listed on such Exhibits A, B and C). Borrowers shall give Agent written notice of all such applications or registrations within five (5) days thereof.

Appears in 4 contracts

Samples: Loan and Security Agreement (Netratings Inc), Loan and Security Agreement (Netratings Inc), Loan and Security Agreement (Netratings Inc)

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Registration of Intellectual Property Rights. (ai) Each Borrower and each Guarantor shall register or cause to be registered on an expedited basis (to the extent not already registered) with the United States Patent and Trademark Office or the United States Copyright Office, as applicable: , (i) those Copyrights listed on Exhibit A to the Intellectual Property Security Agreement identified by Lender as material and those intellectual property rights listed on Exhibits EXHIBITS A, B and C to the Intellectual Property Security Agreement and each Subsidiary Intellectual Property Security Agreement delivered to Lender by each Borrower in connection with this Agreement, within thirty forty-five (3045) days of the date of this Agreement, (ii) all registrable Trademarks and Patents material registerable intellectual property rights (including registerable software) Borrower or any Borrower Guarantor has developed as of the date of this Agreement which are material but heretofore failed to any Borrower's business as currently operated and as contemplated to be operated and which have not yet been registered and all Copyrights reasonably identified by Lender as material Copyrights and which have not yet been registeredregister, in each case within thirty forty-five (3045) days of the date of this Agreement; provided, however, that in the event Lender identifies any Patent, Trademark or Copyright as material after the date of this Agreement, Borrower shall have thirty (30) days from the date of such determination to cause such Patents, Trademarks or Copyrights to be registered on an expedited basis, and (iii) those additional material intellectual property rights developed or acquired by Borrower or any Borrower Guarantor from time to time in connection with any product or service and reasonably deemed material by Lenderproduct, prior to the sale or licensing of such product or the rendering of such service to any third party, and prior to any Borrower's use of such product (including without limitation major revisions or additions to the intellectual property rights listed on such Exhibits EXHIBITS A, B and C). Borrowers ; provided, that Borrower and each Guarantor shall give Agent written notice of all in any event register, within the time and in the manner specified herein, such applications intellectual property rights (including registerable software) as are developed or registrations within obtained in connection with any product accounting for more than five percent (5%) days of such Borrower's or Guarantor's gross revenues in any calendar month. Borrower shall promptly notify the Agent of each such application or registration, and promptly deliver to Agent copies thereof, together with updated EXHIBITS A, B and C to the Intellectual Property Security Agreement or Subsidiary Intellectual Property Security Agreement, as applicable, setting forth the titles, registration numbers, and registration dates of the intellectual property rights required to be registered pursuant to this Section.

Appears in 1 contract

Samples: Credit Agreement (Network Commerce Inc)

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Registration of Intellectual Property Rights. (a) Each Borrower shall register or cause to be registered on an expedited basis (to the extent not already registered) with the United States Patent and Trademark Office or the United States Copyright Office, as applicable: (i) those Copyrights listed on Exhibit A to the Intellectual Property Security Agreement identified by Lender as material and those intellectual property rights listed on Exhibits A, B and C to the Intellectual Property Security Agreement delivered to Lender Servicing Agent by each Borrower in connection with this Agreement, within thirty (30) days of the date of this Agreement, (ii) all registrable Trademarks registerable, copyrightable intellectual property rights Borrower has developed or acquired as of the date of this Agreement but heretofore failed to register which are material to Borrower's business, or constitute or give rise to more than five percent (5%) of Borrower's gross income in any given month, within thirty (30) days of the date of this Agreement (iii) all registerable, patentable and Patents any trademarkable intellectual property rights Borrower has developed as of the date of this Agreement which are material but heretofore failed to any Borrower's business as currently operated and as contemplated to be operated and which have not yet been registered and all Copyrights reasonably identified by Lender as material Copyrights and which have not yet been registeredregister if such registration is commercially reasonable, in each case within thirty (30) days of the date of this Agreement; provided, however, that in the event Lender identifies any Patent, Trademark or Copyright as material after the date of this Agreement, Borrower shall have thirty (30) days from the date of such determination to cause such Patents, Trademarks or Copyrights to be registered on an expedited basis, and (iiiiv) those additional registerable, copyrightable intellectual property rights developed or acquired by any Borrower from time to time in connection with any product or service and reasonably deemed service, which are material by Lenderto Borrower's business, or constitute or give rise to more than five percent (5%) of Borrower's gross income in any given month, prior to the sale or licensing of such product or the rendering of such service to any third party, and prior to any Borrower's use of such product (including without limitation major revisions or additions to the intellectual property rights listed on such Exhibits A, B and C, and (v) those additional registerable, patentable and trademarkable intellectual property rights developed or acquired by Borrower from time to time in connection with any product or service, if such registration is commercially reasonable, prior to the sale or licensing of such product or the rendering of such service to any third party, and prior to Borrower's use of such product (including without limitation major revisions or additions to the intellectual property rights listed on such Exhibits A B and C). Borrowers Borrower shall give Servicing Agent written notice of all such applications or registrations within five (5) days thereofregistrations.

Appears in 1 contract

Samples: Loan and Security Agreement (Integrated Packaging Assembly Corp)

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