Common use of Prosecution of Patent Applications Clause in Contracts

Prosecution of Patent Applications. Each Grantor shall diligently prosecute all applications for United States patents, and shall not abandon any such application, except in favor of a continuation application based on such application, prior to exhaustion of all administrative and judicial remedies, absent written consent of the Administrative Agent, which consent shall not be unreasonably withheld.

Appears in 3 contracts

Samples: Pledge and Security Agreement (Eastern Co), Pledge and Security Agreement (Eastern Co), Pledge and Security Agreement (Kona Grill Inc)

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Prosecution of Patent Applications. Each At its own expense, each Grantor shall diligently prosecute all applications for United States patents, and shall not abandon any such application, except in favor of a continuation application based on such application, prior to exhaustion of all reasonable administrative and judicial remedies, absent written consent of the Administrative Collateral Agent, which such consent shall not be unreasonably withheldwithheld or delayed, provided that such Grantor shall not be obligated to prosecute any application in the event such Grantor determines, in its reasonable business judgment that the prosecuting of such application is no longer necessary or desirable in the conduct of its business.

Appears in 2 contracts

Samples: Pledge and Security Agreement (American Greetings Corp), Pledge and Security Agreement (American Greetings Corp)

Prosecution of Patent Applications. Each At its own expense, each Grantor shall diligently prosecute all applications for United States patents, and shall not abandon any such application, except in favor of a continuation application based on such application, prior to exhaustion of all administrative and judicial remedies, absent written consent of the Administrative Agent, which consent shall not be unreasonably withheld.

Appears in 2 contracts

Samples: Pledge and Security Agreement (American Dental Partners Inc), Pledge and Security Agreement (American Dental Partners Inc)

Prosecution of Patent Applications. Each At its own expense, each Grantor shall diligently prosecute all applications for United States patents, and shall not abandon any such application, except in favor of a continuation application based on such application, prior to exhaustion of all administrative and judicial remedies, absent written consent of the Administrative Agent, which such consent shall not be unreasonably withheld.

Appears in 1 contract

Samples: Pledge and Security Agreement (American Dental Partners Inc)

Prosecution of Patent Applications. Each Grantor shall diligently prosecute all material applications for United States patents, and shall not abandon any such application, except in favor of a continuation application based on such application, prior to exhaustion of all administrative and judicial remedies, absent written consent of the Administrative AgentAgent or as determined by such Grantor in its commercially reasonable judgment, which consent shall not be unreasonably withheld.

Appears in 1 contract

Samples: Pledge and Security Agreement (Lemaitre Vascular Inc)

Prosecution of Patent Applications. Each Grantor shall maintain all Patents issued to such Grantor and shall diligently prosecute all applications for United States patents, and shall not abandon any such application, except in favor of a continuation application based on such application, prior to exhaustion of all administrative and judicial remedies, absent written consent of the Administrative Agent, which consent shall not be unreasonably withheldexcept where such Grantor in good faith determines it is commercially reasonable to abandon such Patent or application.

Appears in 1 contract

Samples: Security Agreement (Summer Energy Holdings Inc)

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Prosecution of Patent Applications. Each Except as would not reasonably be expected to have a Material Adverse Effect, at its own expense, each Grantor shall diligently prosecute all applications for United States patents, and shall not abandon any such application, except in favor of a continuation application based on such application, prior to exhaustion of all administrative and judicial remedies, absent written consent of the Administrative Agent, which consent shall not be unreasonably withheld.

Appears in 1 contract

Samples: Credit Agreement (American Dental Partners Inc)

Prosecution of Patent Applications. Each Grantor shall diligently prosecute all material applications for United States patents, and shall not abandon any such application, except in favor of a continuation application based on such application, prior to exhaustion of all administrative and judicial remedies, absent written consent of the Administrative Agent, which consent shall not be unreasonably withheld, or as determined by such Grantor in its commercially reasonable judgment.

Appears in 1 contract

Samples: Pledge and Security Agreement (Purple Innovation, Inc.)

Prosecution of Patent Applications. Each At its own expense, Grantor shall shall, in its reasonable business judgment, diligently prosecute all material applications for United States patents, and shall not abandon any such application, except in favor of a continuation application based on such application, prior to exhaustion of all administrative and judicial remedies, absent written consent of the Administrative AgentLender, which such consent shall not be unreasonably withheld.

Appears in 1 contract

Samples: Security Agreement (Ecoark Holdings, Inc.)

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