Intellectual Property Collateral definition
Examples of Intellectual Property Collateral in a sentence
The applicable Grantor shall execute and deliver to the Secured Party, concurrently with the execution of this Agreement, such Intellectual Property Security Agreements as the Bank may reasonably request in respect of such Intellectual Property Collateral of such Grantor as is registered with the U.S. Copyright Office or the U.S. Patent and Trademark Office, as applicable.
As of the date hereof, the Grantors do not own any Intellectual Property Collateral which is registered or is the subject of an application for registration with the U.S. Copyright Office or the U.S. Patent and Trademark Office, as applicable, except as set forth in Schedule 3.8.
No later than the date that the Compliance Certificate is delivered for the fiscal quarter with respect to which new Intellectual Property Collateral which such Grantor intends to register with the U.S. Copyright Office or the U.S. Patent and Trademark Office is acquired, such Grantor will give the Secured Party notice of such new Intellectual Property Collateral.
Each of the Borrower and its Subsidiaries owns, or is licensed or otherwise has the right to use, all Intellectual Property Collateral (as such term is defined in the Security Agreement) and other material Intellectual Property necessary to conduct its business as currently conducted, and the use thereof by the Borrower and its Subsidiaries does not infringe in any material respect on the rights of any other Person.