Common use of Restrictions on Future Agreements Clause in Contracts

Restrictions on Future Agreements. Borrower will not, without --------------------------------- Lender's prior written consent, enter into any agreement, including, without limitation, any license agreement, which is inconsistent with this Agreement, and Borrower further agrees that it will not take any action, and will use its best efforts not to permit any action to be taken by others, including, without limitation, licensees, or fail to take any action, which would in any respect affect the validity or enforcement of the rights transferred to Lender under this Agreement or the rights associated with the Copyrights or Licenses.

Appears in 2 contracts

Samples: Loan and Security Agreement (Visual Numerics Inc), Security Agreement (Visual Numerics Inc)

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Restrictions on Future Agreements. Borrower will not, without --------------------------------- Lender's ’s prior written consent, enter into any agreement, including, without limitation, any license agreement, which is inconsistent with this Agreement, and Borrower further agrees that it will not take any action, and will use its best efforts not to permit any action to be taken by othersothers subject to its control, including, without limitation, including licensees, or fail to take any action, which would in any material respect affect the validity or enforcement of the rights transferred to Lender under this Agreement or the rights associated with those Trademarks which are material to the Copyrights or Licensesoperation of Borrower’s business.

Appears in 2 contracts

Samples: Trademark and License Security Agreement (Pw Eagle Inc), Trademark and License Security Agreement (Pw Eagle Inc)

Restrictions on Future Agreements. Borrower will not, without --------------------------------- Lender's ’s prior written consent, enter into any agreement, including, without limitation, any license agreement, which is inconsistent with this Agreement, and Borrower further agrees that it will not take any action, and will use its best efforts not to permit any action to be taken by othersothers subject to its control, including, without limitation, including licensees, or fail to take any action, which would in any material respect affect the validity or enforcement of the rights transferred to Lender under this Agreement or the rights associated with those Patents which are material to the Copyrights or Licensesoperation of Borrower’s business.

Appears in 2 contracts

Samples: Senior Subordinated Patent and License Security Agreement (Pw Eagle Inc), Junior Subordinated Patent and License Security Agreement (Pw Eagle Inc)

Restrictions on Future Agreements. The Borrower agrees that it will not, without --------------------------------- Lenderthe Agent's prior written consent, enter into any agreement, including, without limitation, any license agreement, which is inconsistent with this Agreement, and the Borrower further agrees that it will not take any action, and will use its best efforts not to permit any action to be taken by othersothers subject to its control, including, without limitation, licensees, or fail to take any action, which would in any material respect affect the validity or enforcement of the rights transferred to Lender the Agent under this Agreement or the rights associated with the Copyrights or LicensesTrademarks.

Appears in 1 contract

Samples: Trademark Security Agreement (Thomaston Mills Inc)

Restrictions on Future Agreements. Borrower will not, without --------------------------------- Lender's prior written consent, enter into any agreement, including, without limitation, any license agreement, which is inconsistent with this Agreement, and Borrower further agrees that it will not take any action, and will use its best efforts not to permit any action to be taken by others, including, without limitation, licensees, or fail to take any action, which would in any respect affect the validity or enforcement of the rights transferred to Lender under this Agreement or the rights associated with the Copyrights Trademarks or Licenses.

Appears in 1 contract

Samples: Trademark Security Agreement (Visual Numerics Inc)

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Restrictions on Future Agreements. Borrower will not, without --------------------------------- Lender's prior written consent, enter into any agreement, agreement including, without limitation, any license agreement, which is inconsistent with this Agreement, and Borrower further agrees that it will not take any action, and will use its best efforts not to permit any action to be taken by others, including, without limitation, licensees, or fail to take any action, which would in any respect affect the validity or enforcement of the rights transferred to Lender under this Agreement or the rights associated with the Copyrights or LicensesCollateral.

Appears in 1 contract

Samples: Trademark Security Agreement (Sentry Technology Corp)

Restrictions on Future Agreements. Borrower will notNone of the Borrowers --------------------------------- will, without --------------------------------- the Lender's prior written consent, enter into any agreement, including, without limitation, any license agreement, which is inconsistent with this Agreement, and each Borrower further agrees that it will not take any action, and will use its best efforts not to permit any action to be taken by othersothers subject to its control, including, without limitation, licensees, or fail to take any action, which would in any material respect affect the validity or enforcement of the rights transferred to Lender the Agent under this Agreement or the rights associated with the Copyrights Trademarks or the Licenses.

Appears in 1 contract

Samples: Security Agreement (50 Off Stores Inc)

Restrictions on Future Agreements. Borrower will not, without --------------------------------- Lenderthe Agent's prior written consent, enter into any agreement, including, without limitation, any license agreement, which is inconsistent with this Agreement, and Borrower further agrees that it will not take any action, and will use its best efforts not to permit any action to be taken by others, including, without limitation, licensees, or fail to take any action, which would in any respect materially affect the validity or enforcement of the rights transferred to Lender the Agent under this Agreement or the rights associated with the Copyrights Trademarks or Licenses.

Appears in 1 contract

Samples: Trademark Security Agreement (Gfsi Inc)

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