Common use of Intellectual Property Agreements Clause in Contracts

Intellectual Property Agreements. Permit the inclusion in any material contract to which it becomes a party of any provisions that could or might in any way prevent the creation of a security interest in Borrower's rights and interests in any property included within the definition of the Intellectual Property Collateral acquired under such contracts, except to the extent that such provisions are necessary in Borrower's exercise of its reasonable business judgement.

Appears in 2 contracts

Samples: Senior Subordinated Loan and Security Agreement (Objectspace Inc), Loan and Security Agreement (Objectspace Inc)

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Intellectual Property Agreements. Permit Borrower shall use best efforts not to permit the inclusion in any material contract to which it becomes a party of any provisions that could or might in any way prevent the creation of a security interest in Borrower's rights and interests in any material property included within the definition of the Intellectual Property Collateral acquired under such contracts, except to the extent that such provisions are necessary in Borrower's exercise of its reasonable business judgement.

Appears in 1 contract

Samples: Loan and Security Agreement (Maxwell Technologies Inc)

Intellectual Property Agreements. Permit the inclusion in any material contract to which it any Borrower becomes a party of any provisions that could or might in any way prevent the creation of a security interest in a Borrower's rights and interests in any property included within the definition of the Intellectual Property Collateral acquired under such contracts, except to the extent that such provisions are necessary in Borrower's exercise of its reasonable business judgement.

Appears in 1 contract

Samples: Loan Agreement (Moldflow Corp)

Intellectual Property Agreements. Permit the inclusion in any material contract to which it becomes a party of any provisions that could or might in any way prevent the creation of a security interest in favor of Lender of Borrower's rights and interests in any property included within the definition of the Intellectual Property Collateral acquired Collateral; except that a prohibition on Borrower granting a security interest in its rights as licensee under such contracts, except to the extent that such provisions are necessary in Borrower's exercise a software licensing agreement shall not constitute a breach of its reasonable business judgementthis Section 6.13.

Appears in 1 contract

Samples: Loan and Security Agreement (Probusiness Services Inc)

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Intellectual Property Agreements. Permit the inclusion in any material contract to which it becomes a party of any provisions that could or might in any way prevent the creation of a security interest in Borrower's rights and interests in any property included within the definition of the Intellectual Property Collateral acquired under such contracts, except to the extent that such provisions are necessary in Borrower's exercise of its reasonable business judgement.the

Appears in 1 contract

Samples: Senior Subordinated Loan and Security Agreement (Objectspace Inc)

Intellectual Property Agreements. Permit Other than those escrow agreements entered into by Borrower in the ordinary course of its business, permit the inclusion in any material contract to which it becomes a party of any provisions that could or might in any way prevent the creation of a security interest in Borrower's rights and interests in any property included within the definition of the Intellectual Property Collateral acquired under such contracts, except to the extent that such provisions are necessary in Borrower's exercise of its reasonable business judgement.

Appears in 1 contract

Samples: Loan and Security Agreement (Mission Critical Software Inc)

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