Common use of Protection of Intellectual Property Clause in Contracts

Protection of Intellectual Property. In the event that any of the Debtor’s Intellectual Property is infringed upon, or misappropriated or diluted by a third party, the Debtor shall notify the Secured Party promptly after the Debtor learns thereof. The Debtor shall, unless the Secured Party shall determine that such Intellectual Property is in no way material to the conduct of its business or operations, promptly xxx for, and seek recovery of any and all damages resulting from such infringement, misappropriation or dilution, and shall take such other actions as the Secured Party shall deem necessary under the circumstances to protect such Intellectual Property.

Appears in 24 contracts

Samples: Blanket Security Agreement (Genesys Industries, Inc.), Blanket Security Agreement (Genesys Industries, Inc.), Security Agreement (Digital Lightwave Inc)

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Protection of Intellectual Property. In the event that any of the Debtor’s 's Intellectual Property is infringed upon, or misappropriated or diluted by a third party, the Debtor shall notify the Secured Party promptly after the Debtor learns thereof. The Debtor shall, unless the Secured Party shall determine that such Intellectual Property is in no way material to the conduct of its business or operations, promptly xxx for, and seek recovery of any and all damages resulting from such infringement, misappropriation or dilution, and shall take such other actions as the Secured Party shall deem necessary under the circumstances to protect such Intellectual Property.

Appears in 8 contracts

Samples: Fourth Amended and Restated Security Agreement (Digital Lightwave Inc), Security Agreement (Digital Lightwave Inc), Security Agreement (Digital Lightwave Inc)

Protection of Intellectual Property. In the event that any of the Debtor’s Intellectual Property is infringed upon, or misappropriated or diluted by a third party, the Debtor shall notify the Secured Party promptly after the Debtor learns thereof. The Debtor shall, unless the Secured Party shall determine that such Intellectual Property is in no way material to the conduct of its business or operations, promptly xxx sxx for, and seek recovery of any and all damages resulting from such infringement, misappropriation or dilution, and shall take such other actions as the Secured Party shall deem necessary under the circumstances to protect such Intellectual Property.

Appears in 3 contracts

Samples: Security Agreement (Digital Lightwave Inc), Security Agreement (Zwan Bryan J), Security Agreement (Digital Lightwave Inc)

Protection of Intellectual Property. In the event that any of the Debtor’s Intellectual Property is infringed upon, or misappropriated or diluted by a third party, the Debtor shall notify the Secured Party Parties promptly after the Debtor learns thereof. The Debtor shall, unless the Secured Party it shall determine that such Intellectual Property is in no way material to the conduct of its business or operations, promptly xxx sxx for, and seek recovery of any and all damages resulting from such infringement, misappropriation or dilution, and shall take such other actions as the Secured Party Parties shall deem necessary under the circumstances to protect such Intellectual Property.

Appears in 1 contract

Samples: Security Agreement (Deltagen Inc)

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Protection of Intellectual Property. In the event that any of the Debtor’s Intellectual Property is infringed upon, or misappropriated or diluted by a third party, the Debtor shall notify the Secured Party Parties promptly after the Debtor learns thereof. The Debtor shall, unless the Secured Party Parties shall reasonably determine that such Intellectual Property is in no way material to the conduct of its business or operations, promptly xxx for, and seek recovery of any and all damages resulting from such infringement, misappropriation or dilution, and shall take such other actions as the Secured Party Parties shall deem necessary under the circumstances to protect such Intellectual Property.

Appears in 1 contract

Samples: Security Agreement (Mechanical Technology Inc)

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