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.
IP Security Agreement means collectively, (i) the Intellectual Property Security Agreement dated as of the Closing Date, made by each Credit Party party thereto in favor of the Administrative Agent, on behalf of itself and the other Secured Parties and (ii) 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.

Examples of IP Security Agreement in a sentence

  • This IP Security Agreement shall be governed by, and construed and interpreted in accordance with the internal laws of the State of New York, without giving effect to its choice of law provisions that would require the application of another state’s laws.

  • This IP Security Agreement shall terminate on the date on which all payments under the Notes have been indefeasibly paid in full.

  • Upon termination of this IP Security Agreement, the Lender shall promptly execute such documents or instruments and take such further actions as the Company or any Debtor may reasonably request for the purposes of releasing the security interests granted herein.

  • Notwithstanding the foregoing, no failure to so modify this IP Security Agreement or amend Schedules A, B, C or D shall in any way affect, invalidate or detract from Lender’s first priority security interest in all Collateral, whether or not listed on Schedule A, B, C or D.

  • Without limiting the Company’s obligations under this paragraph, each of the Debtors hereby authorizes the Lender unilaterally to modify this IP Security Agreement by amending Schedules A, B, C or D to include any future patents, trademarks, copyrights, licenses thereto or applications therefor of any Debtor.


More Definitions of IP Security Agreement

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 any security agreement executed by any Loan Party that grants (or is prepared as a notice filing or recording with respect to) a Lien or security interest in favor of Agent and Lenders on Intellectual Property.
IP Security Agreement means those certain intellectual property security agreements executed in connection with this Agreement, as the same may be from time to time modified, amended, restated and or supplemented, substantially in the form attached to this Agreement as Exhibit IV.
IP Security Agreement is defined in the Collateral Agreement.