Domain Name Rights definition
Examples of Domain Name Rights in a sentence
All of the Assignors’ right, title and interest in and to all of the Domain Names, the Domain Name License Rights, and all other Domain Name Rights, and Proceeds (including insurance proceeds) of any and all of the foregoing, and all books and records and technical information and data describing or used in connection with any and all such rights, interests, assets or property.
Any and all present or future rights and interests of any Assignor pursuant to any and all present and future licensing agreements in favor of any Assignor, or to which any Assignor is a party, pertaining to any Domain Names, or Domain Name Rights, owned or used by third parties in the present or future, including the right (but not the obligation) in the name of any Assignor or the Lender to enforce, and ▇▇▇ and recover for, any past, present or future breach or violation of any such agreement.
The aforementioned rights and duties are subject to any Assignor’s right to abandon, drop or decline to maintain or renew any Domain Names or Domain Name Rights in the ordinary course of business.
In general, Assignors shall take any and all such actions (including, but not limited to, institution and maintenance of suits, proceedings or actions) that in their discretion they determine to be necessary or appropriate to properly maintain, protect, preserve, care for and enforce the Domain Name Collateral other than Domain Name Rights and Domain Names dropped or not renewed in the ordinary course of business.
Each Assignor shall have the right, with the consent of the Lender, which consent shall not be unreasonably withheld, to bring suit or other action in such Assignor’s own name to maintain and enforce the Domain Name Collateral, the Domain Name License Rights and the Domain Name Rights.
Notwithstanding anything contained herein to the contrary, so long as no Event of Default shall have occurred and be continuing, nothing in this provision is intended to or shall prohibit or prevent any Assignor, in the ordinary course of its business, and consistent with its past practices and the terms of the Loan Agreement, from being permitted to exploit, use, enjoy, protect, license, sublicense, assign, sell, dispose of, abandon or otherwise allow to lapse any Domain Name or Domain Name Rights.
Assignors shall not take or fail to take any action, nor permit any action to be taken or not taken by others under their control, which would adversely affect the validity, grant or enforcement of any of the Domain Name Collateral other than Domain Name Rights and Domain Names dropped or not renewed in the ordinary course of business.