Common use of Security Interest in Trademarks Clause in Contracts

Security Interest in Trademarks. To secure the payment and ------------------------------- performance of all of the Obligations, the Grantor hereby grants and conveys to the Lender a first and valid security interest in, with a power of sale to the extent permitted by applicable law, all of its right, title and interest, in the United States and throughout the world, in and to all of its now owned and hereafter acquired trademarks, service marks and trade names, and all variants thereof (whether or not such name is the subject of a registration or an application therefor), and all registrations and applications to register the same, and all renewals thereof, and the goodwill of the business relating thereto, and all proceeds thereof (hereinafter collectively referred to as the "Trademarks"). All United States trademark registrations and all currently pending trademark applications in which the Grantor has an interest and all foreign trademark registrations and all currently pending trademark applications in which the Grantor has an interest, are listed on Schedule B attached hereto and made a part hereof. Subject to the provisions of Section 2(n), the Grantor hereby further grants to the Lender a first and valid security interest in all of its right, title and interest in and to (i) all products, proceeds, income, royalties, damages and payments now and hereafter due and payable under or in respect of all Trademarks, (ii) subject to the provisions of Section 2(n), all rights during the term of this Agreement to xxx, collect and retain for the Lender's benefit damages and payments for past or future infringements of the Trademarks and (iii) all rights under or interest in any trademark license agreements or service xxxx license agreements with any other party, whether the Grantor is a licensee or licensor under any such license agreement, and the right to prepare for sale and sell any and all assets now or hereafter owned by the Grantor and now or hereafter covered by such licenses.

Appears in 2 contracts

Samples: Intellectual Property Security Agreement (Cardima Inc), Intellectual Property Security Agreement (Paradigm Genetics Inc)

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Security Interest in Trademarks. To secure the payment and ------------------------------- performance of all of the Obligations, the Grantor Debtor hereby grants and conveys to the Lender Secured Party a first and valid security interest in, with a power of sale to the extent permitted by applicable law, all of its right, title and interest, in the United States and throughout the world, in and to all of its now owned and hereafter acquired trademarks, service marks and trade names, and all variants thereof (whether or not such name is the subject of a registration or an application therefor), and all registrations and applications to register the same, and all renewals thereof, and the goodwill of the business relating thereto, and all proceeds thereof (hereinafter collectively referred to as the "Trademarks"). All United States trademark registrations and all currently pending trademark applications in which owned or licensed (to the Grantor has an interest extent permitted by the applicable license) by the Debtor and all foreign trademark registrations and all currently pending trademark applications in which the Grantor Debtor has an interest, are listed on Schedule B attached hereto and made a part hereof. Subject to the provisions of Section 2(n), the Grantor Debtor hereby further grants to the Lender Secured Party a first second and valid security interest in all of its right, title and interest in and to (i) all products, proceeds, income, royalties, damages and payments now and hereafter due and payable under or in respect of all Trademarks, (ii) subject to the provisions of Section 2(n), all rights during the term of this Agreement to xxx, collect and retain for the LenderSecured Party's benefit damages and payments for past or future infringements of the Trademarks and (iii) all rights under or interest in any trademark license agreements or service xxxx license agreements with any other party, whether the Grantor Debtor is a licensee or licensor under any such license agreement, and the right to prepare for sale and sell any and all assets now or hereafter owned by the Grantor Debtor and now or hereafter covered by such licenses.

Appears in 2 contracts

Samples: Intellectual Property Security Agreement (Conductus Inc), Intellectual Property Security Agreement (Conductus Inc)

Security Interest in Trademarks. To secure the payment and ------------------------------- performance of all of the Obligations, the Grantor hereby grants and conveys to the Lender a first and valid security interest in, with a power of sale to the extent permitted by applicable law, all of its right, title and interest, in the United States and throughout the world, in and to all of its now owned and hereafter acquired trademarks, service marks and trade names, and all variants thereof (whether or not such name is the subject of a registration or an application therefor), and all registrations and applications to register the same, and all renewals thereof, and the goodwill of the business relating thereto, and all proceeds thereof (hereinafter collectively referred to as the "Trademarks"). All United States trademark registrations and all currently pending trademark applications in which the Grantor has an interest and all foreign trademark registrations and all currently pending trademark applications in which the Grantor has an interest, are listed on Schedule B attached hereto and made a part hereof. Subject to the provisions of Section 2(n), the Grantor hereby further grants to the Lender a first and valid security interest in all of its right, title and interest in and to 22 (i) all products, proceeds, income, royalties, damages and payments now and hereafter due and payable under or in respect of all Trademarks, (ii) subject to the provisions of Section 2(n), all rights during the term of this Agreement to xxxsue, collect and retain for the Lender's benefit damages and payments for past or future infringements of the Trademarks and (iii) all rights under or interest in any trademark license agreements or service xxxx mark license agreements with any other party, whether the Grantor is a licensee or licensor under any such license agreement, and the right to prepare for sale and sell any and all assets now or hereafter owned by the Grantor and now or hereafter covered by such licenses.

Appears in 1 contract

Samples: Master Loan and Security Agreement (Abovenet Communications Inc)

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Security Interest in Trademarks. To secure the full and prompt payment and ------------------------------- performance when due (whether at stated maturity, by acceleration or otherwise) of all of the Obligations, the each Grantor hereby grants and conveys to the Lender a first and valid security interest in, with a power of sale to the extent permitted by applicable law, in all of its right, title and interest, interest in the United States and throughout the worldworld in, in to and to under all of its now owned and hereafter acquired trademarks, service marks and trade names, domain names, and all variants thereof similar designations of source or origin (whether or not such name is the subject of a registration or an application therefor), and all registrations and applications to register the same, and all renewals thereof, and the goodwill of the business relating thereto, and all proceeds thereof (hereinafter collectively referred to as the "TrademarksTRADEMARKS"). All United States trademark registrations and all currently pending trademark applications with the PTO in which the a Grantor has an interest and all foreign trademark registrations and all currently pending trademark applications in which the a Grantor has an interest, are listed on Schedule B attached hereto and made a part hereofopposite such Grantor's name. Subject to the provisions of Section 2(n), the Each Grantor hereby further grants to the Lender Lender, a first and valid security interest in all of its right, title and interest in and to (i) all products, proceeds, income, royalties, damages and payments now and hereafter due and payable under or in respect of all Trademarks, (ii) subject to the provisions of Section 2(n), all rights during the term of this Agreement to xxxsue, collect and retain for the Lender's benefit damages and payments paymenxx for past or future infringements of the Trademarks and (iii) all rights under or interest in any trademark license agreements or service xxxx mark license agreements with any other party, whether the Grantor is a Obligor ix x licensee or licensor under any such license agreement, and the right to prepare for sale and sell any and all assets now or hereafter owned by the Grantor and now or hereafter covered by such licenses.

Appears in 1 contract

Samples: Intellectual Property Security Agreement (SLM Holdings, Inc.)

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