IP Pledge definition

IP Pledge means a first-priority perfected (or, to the extent applicable, a similar method of effecting a security interest against third parties) security interest or mortgage in the intellectual property held by the Issuer and the Guarantors, in each case, suitable for filing with the U.S. Patent and Trademark Office, the U.S. Copyright Office, the Mexican Industrial Property Institute (Instituto Mexicano de la Propiedad Industrial) and/or the Mexican Unified Registry of Moveable Property Collateral (Registro Único de Garantías Mobiliarias), as provided for in the intellectual property pledges set forth in Schedule II or provided pursuant to Section 4.11(a).
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IP Pledge or “Agreement” means this intellectual property rights pledge.
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Examples of IP Pledge in a sentence

  • The Pledgee is entitled to present this Deed of Pledge and any Supplemental Deed of IP Pledge for registration with the IP Registers in any of the Registration Countries.

  • The Issuer and each Guarantor, as applicable, shall, at its sole cost and expense, maintain, protect and enforce the IP Pledge (including any intellectual property included therein pursuant to Section 4.11(a)), and not license any such IP Pledge other than licenses entered into, or incidental to, the ordinary course of business, except as otherwise permitted under this Indenture or the Collateral Documents.

  • The rights and remedies of Lender with respect to the security interest granted hereby are in addition to those set forth in the Loan Agreement and the IP Pledge Agreement, and those which are now or hereafter available to Lender as a matter of law or equity.

  • For the avoidance of doubt, as from Closing, any reference in the definitions of "Secured Obligations" in the Security Agreement and in the IP Pledge Agreement to (i) "Assignee" and "Pledgee", respectively, shall refer to the Transferee Lender.

  • Belgian IP Pledge [***] [***] Certain information has been omitted and filed separately with the Commission.

  • The representations and warranties as contained in the Section 12 of the IP Pledge Agreement are hereby repeated for the benefit of the Lender as if given to it as of the date hereof and the date of Conversion.

  • A written opinion of Stibbe addressed to the Administrative Agent, the Lenders and the Issuing Banks relating to the Dutch IP Pledge, in form and substance reasonably satisfactory to the Administrative Agent.

  • Subject to Section 4.11(a), each of the Issuer or the Guarantors shall, at their sole cost and expense, maintain, protect and enforce the IP Pledge (including any intellectual property included therein pursuant to Section 4.11(a)) and shall not permit such IP Pledge to lapse or become abandoned (other than as permitted under this Indenture), and not license any such IP Pledge other than licenses entered into, or incidental to, the ordinary course of business.