IP Security Agreement definition

IP Security Agreement is that certain Intellectual Property Security Agreement executed and delivered by Borrower to Collateral Agent and dated as of the Effective Date, as may be amended, restated, or otherwise modified or supplemented from time to time.

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IP Security Agreement means collectively, (a) the Intellectual Property Security Agreement dated as of the Closing Date, made by each Credit Party thereto in favor of the Administrative Agent, on behalf of itself and the other Secured Parties and (b) each other intellectual property security agreement, patent security agreement, trademark security agreement and copyright security agreement required to be delivered pursuant to Section 6.12 in form and substance reasonably satisfactory to the Administrative Agent.

IP Security Agreement is defined in the Collateral Agreement.

Examples of IP Security Agreement in a sentence

• This IP Security Agreement may be assigned by Secured Party to its affiliates that are permitted assignees of the Note, upon prior written notice to Debtor, without the need to obtain Debtor’s consent thereto, provided that any such assignee agrees in writing to by bound by the terms of all Transaction Documents as though an original party thereto.

• This IP Security Agreement has been entered into pursuant to and in conjunction with the Security Agreement, the Note, the Transaction Documents (as defined in the Note) and all other documents related thereto and entered into in connection therewith (the “Loan Documents”), which are hereby incorporated by reference.

• The rights and remedies of the Secured Party with respect to the IP Collateral are as provided by the Loan Documents and nothing in this IP Security Agreement shall be deemed to limit such rights and remedies.

• Except as set forth above, neither Secured Party nor Debtor may assign its rights or obligations under this IP Security Agreement or delegate its duties hereunder, whether directly or indirectly, without the prior written consent of the other party, and any such attempted assignment or delegation shall be null and void.

• This IP Security Agreement may be executed in two (2) or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

More Definitions of IP Security Agreement

IP Security Agreement means that certain security agreement, dated the date hereof, among the Debtors and the Secured Parties, granting to the Secured Parties a security interest in the intellectual property of the Debtors in accordance with the terms thereof.

IP Security Agreement means one or more Intellectual Property security agreements by and among one or more of the Credit Parties and the Collateral Agent.

IP Security Agreement means “IP Security Agreement”, as such term is defined in the Security Agreement.

IP Security Agreement means a Trademark Security Agreement, substantially in the form of Exhibit I annexed hereto, and a Patent Security Agreement, substantially in the form of Exhibit II annexed hereto, and a Copyright Security Agreement, substantially in the form of Exhibit III annexed hereto.

IP Security Agreement means each certain Intellectual Property Security Agreement entered into between an Obligor and Lender in accordance with this Agreement.

IP Security Agreement means each IP Security Agreement, dated as of the Closing Date, by and among the Borrower, each Guarantor Subsidiary and the Collateral Agent.

IP Security Agreement means notices of grant of security interest in the form required by the Security Agreement executed and delivered by a Note Party.