Common use of Additional Releases Clause in Contracts

Additional Releases. To the extent any Assigned Patents have any liens or security interests upon them after the Effective Date in violation of Section 4.12, without limiting Seller’s other obligations hereunder, Seller shall promptly seek, obtain and record from its lenders or other third party the release of any liens or security interest that they may have on any of the Assigned Patents, including any liens on any Patent that is determined to be an Assigned Patent but that was not an Assigned Patent as of the Effective Date and Seller hereby waives any remedies with respect to the release of any such liens or security interests.

Appears in 4 contracts

Samples: Patent Purchase Agreement (Mangoceuticals, Inc.), Patent Purchase Agreement, Patent Purchase Agreement (hopTo Inc.)

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