Common use of Collateral Assignment of Patents Clause in Contracts

Collateral Assignment of Patents. To secure the complete and timely satisfaction of all of the Obligations (as defined in the Loan Agreement and hereinafter called the "Obligations"), Assignor hereby grants conveys and assigns to Assignee, as and by way of a first mortgage and security interest having priority over all other security interests, with power of sale, to the extent permitted by law, upon the occurrence and during the continuation of an Event of Default (as defined in the Loan Agreement and hereinafter called an "Event of Default") all of Assignor's right, title, and interest in and to all of its now owned or existing and filed and hereafter acquired or arising and filed: 1. Patents and patent applications (hereinafter called the "Patents") (including. without limitation. the inventions and improvements described and claims therein) listed on Schedule A attached hereto, (hereinafter called Patents); 2. The reissues, divisions, continuations, renewals, extensions, continuations-in-part and improvements thereof; 3. All income, royalties, damages, and payments now and hereafter due and/or payable under and with respect thereto, including, (without limitation) damages and payments for past or future infringements thereof; 4. The right to xxx and recover for past, present, and future infringements thereof; 5. All rights corresponding thereto and throughout the world; and 6. All other proceeds and products of the foregoing, including (without limitation) any rights pursuant to its agreements with any other party relating thereto. The items referred to in items 1 through 6 are hereinafter called the "Patent Rights.''

Collateral Assignment of Patents. To secure the complete and timely satisfaction of all of the Obligations indebtedness (as defined in the Loan Master Security Agreement and hereinafter called the "ObligationsIndebtedness"), Assignor hereby grants conveys grants, conveys, and assigns to Assignee, as and by way of a first mortgage and security interest having priority over all other security interests, with power of sale, to the extent permitted by law, upon the occurrence and during the continuation of an Event of Default (as defined in the Loan Agreement and hereinafter called an "Event of Default") all of Assignor's right, title, and interest in and to all of its now owned or existing and filed and hereafter acquired or arising and filed: 1. Patents and A. The patent applications (hereinafter called the "Patents") (application entitled, SAFETY SHIELD FOR MEDICAL NEEDLES, designated as SHP026 within SHPI's reference system, including. , without limitation. , the inventions and improvements described and claims therein) listed on Schedule A attached hereto, therein (hereinafter called Patents"Patent Application"); 2. B. The reissues, divisions, continuations, renewals, extensions, continuations-in-part part, and improvements thereof; 3. C. All income, royalties, damages, and payments now and hereafter due and/or payable under and with respect thereto, including, including (without limitation) damages and payments for past or future infringements thereof; 4. D. The right to xxx sxx and recover for past, present, and future infringements thereof; 5. E. All rights corresponding thereto and throughout the world; and 6. F. All other proceeds and products of the foregoing, including (without limitation) any rights pursuant to its agreements with any other party relating thereto. The items referred to in items 1 through 6 are hereinafter called the "Patent Rights.''"

Collateral Assignment of Patents. To secure the complete and timely satisfaction of all of the Obligations (as defined in the Loan Note Agreement and hereinafter called the "Obligations"), Assignor hereby grants conveys grants, conveys, and assigns to Assignee, as and by way of a first mortgage and security interest having priority over all other security interests, with power of sale, to the extent permitted by law, upon the occurrence and during the continuation of an Event of Default (as defined in the Loan Note Agreement and hereinafter called an "Event of Default") all of Assignor's right, title, and interest in and to all of its now owned or existing and filed and hereafter acquired or arising and filed: 1. a. Patents and patent applications (hereinafter called the "Patents") related to Assignor's FLASHBACK technology (including. , without limitation. , the inventions and improvements described and claims therein) listed on Schedule A B attached heretohereto (collectively, (hereinafter called "Patents"); 2. b. The reissues, divisions, continuations, renewals, extensions, continuations-in-part part, and improvements thereof; 3. ; c. All income, royalties, damages, and payments now and hereafter due and/or payable under and with respect thereto, including, including (without limitation) damages and payments for past or future infringements thereof; 4. d. The right to sue xxx and recover for past, present, and future infringements thereof; 5. e. All rights corresponding thereto and throughout the world; and 6. f. All other proceeds and products of the foregoing, including (without limitation) any rights pursuant to its licensing, manufacturing and/or royalty agreements with any other party relating thereto. The items referred to in items 1 a. through 6 f. are hereinafter called collectively referred to as the "Patent Rights.''"