Common use of Additional Intellectual Property Clause in Contracts

Additional Intellectual Property. (a) If any Grantor shall at any time after the date hereof (i) obtain any rights to any additional Intellectual Property Collateral or (i) become entitled to the benefit of any additional Intellectual Property Collateral or any registration, renewal or extension thereof, including any reissue, division, continuation, or continuation-in-part of any Intellectual Property Collateral, or any improvement on any Intellectual Property Collateral, the provisions hereof shall automatically apply thereto and any such item enumerated in Section 6.03(a)(i) or Section 6.03(a)(ii) with respect to such Grantor shall automatically constitute Intellectual Property Collateral as if such would have constituted Intellectual Property Collateral at the time of execution hereof and be subject to the Lien and security interest created by this Agreement without further action by any party. (b) Each Grantor shall promptly within 45 days of the end of each fiscal quarter (i) provide to the Collateral Agent written notice of any of the foregoing and (ii) upon the Collateral Agent’s request, confirm the attachment of the Lien and security interest created by this Agreement to any rights described Section 6.03(a)(i) or Section 6.03(a)(ii) by execution of an instrument in form reasonably acceptable to the Collateral Agent and the filing of any instruments or statements as shall be reasonably necessary to create, preserve, protect or perfect the Collateral Agent’s security interest in such Intellectual Property Collateral, including by execution and filing of a supplemental Intellectual Property Security Agreement in accordance with Section 3.06. Further, each Grantor authorizes the Collateral Agent to modify this Agreement by amending Schedule 6 hereof to include any such Intellectual Property Collateral of such Grantor.

Appears in 2 contracts

Samples: Security Agreement (Medicine Man Technologies, Inc.), Security Agreement (Medicine Man Technologies, Inc.)

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Additional Intellectual Property. (a) If any Grantor shall at any time after the date hereof (ia) obtain any rights to any additional Intellectual Property Collateral or (ib) become entitled to the benefit of any additional Intellectual Property Collateral or any registration, renewal or extension thereof, including any reissue, division, continuation, or continuation-in-part of any Intellectual Property Collateral, or any improvement on any Intellectual Property Collateral, the provisions hereof shall automatically apply thereto and any such item enumerated in Section 6.03(a)(iclause (a) or (b) of this Section 6.03(a)(ii) 6.03 with respect to such Grantor shall automatically constitute Intellectual Property Collateral as if such would have constituted Intellectual Property Collateral at the time of execution hereof and be subject to the Lien and security interest created by this Agreement without further action by any party. (b) . Each Grantor shall promptly within 45 days with the delivery of the end of each fiscal quarter its quarterly financial statements (i) provide to the Collateral Agent written notice of any of the foregoing updates to Schedule 4.14, and (ii) upon the Collateral Agent’s reasonable request, confirm the attachment of the Lien and security interest created by this Agreement to any rights described in clauses (a) and (b) of the immediately preceding sentence of this Section 6.03(a)(i) or Section 6.03(a)(ii) 6.03 by execution of an instrument in form reasonably acceptable to the Collateral Agent and the filing of any instruments or statements as shall be reasonably necessary to create, preserve, protect or perfect the Collateral Agent’s security interest in such Intellectual Property Collateral, including by execution and filing of a supplemental Intellectual Property Security Agreement in accordance with Section 3.06. Further, each Grantor authorizes the Collateral Agent to modify this Agreement by amending Schedule 6 hereof to include any such Intellectual Property Collateral of such Grantor3.06 hereof.

Appears in 2 contracts

Samples: Security Agreement (New Enterprise Stone & Lime Co., Inc.), Security Agreement (New Enterprise Stone & Lime Co., Inc.)

Additional Intellectual Property. (a) If any Grantor shall at any time after the date hereof (ia) obtain any rights to any additional Intellectual Property Collateral or (ib) become entitled to the benefit of any additional Intellectual Property Collateral or any registration, renewal or extension thereof, including any reissue, division, continuation, or continuation-in-part of any Intellectual Property Collateral, or any improvement on any Intellectual Property Collateral, the provisions hereof shall automatically apply thereto and any such item enumerated in Section 6.03(a)(iclause (a) or (b) of this Section 6.03(a)(ii) with respect to such Grantor shall automatically constitute Intellectual Property Collateral as if such would have constituted Intellectual Property Collateral at the time of execution hereof and be subject to the Lien and security interest created by this Agreement without further action by any party. (b) . Each Grantor shall promptly within 45 days with the delivery of the end of each fiscal quarter its quarterly financial statements (i) provide to the Collateral Agent Lender written notice of any of the foregoing and (ii) upon the Collateral AgentLender’s reasonable request, confirm the attachment of the Lien and security interest created by this Agreement to any rights described in clauses (a) and (b) of the immediately preceding sentence of this Section 6.03(a)(i) or Section 6.03(a)(ii) by execution of an instrument in form reasonably acceptable to the Collateral Agent Lender and the filing of any instruments or statements as shall be reasonably necessary to create, preserve, protect or perfect the Collateral AgentLender’s security interest in such Intellectual Property Collateral, including by execution and filing of a supplemental Intellectual Property Security Agreement in accordance with Section 3.063.06(a). Further, each Grantor authorizes the Collateral Agent Lender to modify this Agreement by amending Schedule 6 5 hereof to include any such Intellectual Property Collateral of such Grantor.

Appears in 1 contract

Samples: Credit Agreement (National Research Corp)

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Additional Intellectual Property. (a) If any Grantor shall at any time after the date hereof (ia) obtain any rights to any additional Intellectual Property Collateral or (ib) become entitled to the benefit of any additional Intellectual Property Collateral or any registration, renewal or extension thereof, including any reissue, division, continuation, or continuation-in-part of any Intellectual Property Collateral, or any improvement on any Intellectual Property Collateral, the provisions hereof shall automatically apply thereto and any such item enumerated in Section 6.03(a)(iclause (a) or (b) of this Section 6.03(a)(ii) 6.03 with respect to such Grantor shall automatically constitute Intellectual Property Collateral as if such would have constituted Intellectual Property Collateral at the time of execution hereof and be subject to the Lien and security interest created by this Agreement without further action by any party. (b) . Each Grantor shall promptly within 45 days of the end of each fiscal quarter (i) provide to the Collateral Agent written notice of any of the foregoing and (ii) upon the Collateral Agent’s request, confirm the attachment of the Lien and security interest created by this Agreement to any rights described Section 6.03(a)(iin clauses (a) or Section 6.03(a)(iiand (b) of the immediately preceding sentence by execution of an instrument in the form reasonably acceptable to the Collateral Agent and the filing of any instruments or statements as shall be reasonably necessary to create, preserve, protect or perfect the Collateral Agent’s 's security interest in such Intellectual Property Collateral, including by execution and filing of a supplemental Intellectual Property Security Agreement in accordance with Section 3.06. Further, each Grantor authorizes the Collateral Agent to modify this Agreement by amending Schedule 6 hereof to include any such Intellectual Property Collateral of such Grantor.

Appears in 1 contract

Samples: Security Agreement (Live Current Media Inc.)

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