Common use of Assignment of Licenses Clause in Contracts

Assignment of Licenses. Upon and during the continuance of an Event of Default and at the reasonable request of the Collateral Agent, each Grantor shall use its reasonable efforts to obtain all requisite consents or approvals by the licensor of each Copyright License, Patent License or Trademark License to effect the assignment of all of the Grantors’ rights, title and interest thereunder to the Collateral Agent or its designee.

Appears in 2 contracts

Samples: Intellectual Property Security Agreement (GrafTech Holdings Inc.), Intellectual Property Security Agreement (Graftech International LTD)

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Assignment of Licenses. Upon and during the continuance of an Event of Default and at the reasonable request of the Collateral Agent, each Grantor shall use its reasonable efforts to obtain all requisite consents or approvals by the licensor of each Copyright License, Patent License or Trademark License to effect the assignment of all of the Grantors' rights, title and interest thereunder to the Collateral Agent or its designee.

Appears in 2 contracts

Samples: Intellectual Property Security Agreement (Ucar International Inc), Intellectual Property Security Agreement (Ucar International Inc)

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