Examples of Patent Collateral in a sentence
Each Grantor hereby acknowledges and affirms that the rights and remedies of the Administrative Agent with respect to the Patent Collateral are more fully set forth in the Collateral Agreement, the terms and provisions of which are hereby incorporated herein by reference as if fully set forth herein.
William Mann, Creditor Rights and Innovation: Evidence from Patent Collateral, 130J.
Each Grantor hereby acknowledges and affirms that the rights and remedies of the Administrative Agent with respect to the Patent Collateral are more fully set forth in the Security Agreement, the terms and provisions of which are hereby incorporated herein by reference as if fully set forth herein.
Plaintiff counters that it fulfilled the obligations under the security agreement and the Patent Collateral Assignment consequently terminated.
The Patent Collateral Assignment does state: “assignor hereby grants, assigns and conveys to Lender the entire right, title, and interest of Assignor in and to the Patents.” (Defs.’ Ex. B, Patent Collateral Assignment¶ 2.) However, the assignment is clearly part of a loan agreement.