Common use of Covenants Relating to Patents and Trademarks Clause in Contracts

Covenants Relating to Patents and Trademarks. (i) (A) Unless otherwise permitted in writing by the Administrative Agent and consistent with past practice, continue to use each Trademark that is material to its business in full force free from any claim of abandonment for non-use, (B) maintain as in the past the quality of products and services offered under such Trademark, (C) employ such Trademark with the appropriate notice of registration, if applicable, (D) not adopt or use any xxxx that is confusingly similar or a colorable imitation of such Trademark unless the Administrative Agent, for the ratable benefit of the Secured Parties, shall obtain a perfected security interest in such Trademark pursuant to this Security Agreement, and (E) not (and not permit any licensee or sublicensee thereof to) do any act or knowingly omit to do any act whereby any such Trademark owned by a Grantor and material to the business of such Grantor may become invalidated.

Appears in 2 contracts

Samples: Security Agreement (Louisiana-Pacific Corp), Security Agreement (Louisiana-Pacific Corp)

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Covenants Relating to Patents and Trademarks. (i) With respect to any Trademark owned by a Grantor that is included in the Collateral that is a Material IP Right, (A) Unless otherwise permitted in writing by the Administrative Agent and consistent with past practice, continue to use each such Trademark that is material in order to its business maintain such Trademark in full force free from any claim of abandonment for non-use, (B) maintain as in the past the quality of products and services offered under such Trademark, (C) employ such Trademark with the appropriate notice of registration, if applicable, (D) not adopt or use any xxxx that is confusingly similar or a colorable imitation of such Trademark unless the Administrative Agent, for the ratable benefit of the Secured Parties, shall obtain a perfected security interest in such Trademark pursuant to this Security Agreement, and (E) not (and not permit any licensee or sublicensee thereof to) do any act or knowingly omit to do any act whereby any such Trademark owned by a Grantor and material to the business of such Grantor may become is invalidated.

Appears in 2 contracts

Samples: Credit Agreement (Wageworks, Inc.), Credit Agreement (Wageworks, Inc.)

Covenants Relating to Patents and Trademarks. (i) With respect to any Trademark owned by a Grantor that is included in the Collateral that is a Material IP Right (A) Unless otherwise permitted in writing by the Administrative Agent and consistent with past practice, continue to use each such Trademark that is material in order to its business maintain such Trademark in full force free from any claim of abandonment for non-use, (B) maintain as in the past the quality of products and services offered under such Trademark, (C) employ such Trademark with the appropriate notice of registration, if applicable, (D) not adopt or use any xxxx that is confusingly similar or a colorable imitation of such Trademark unless the Administrative Agent, for the ratable benefit of the Secured Parties, shall obtain a perfected security interest in such Trademark pursuant to this Security Agreement, and (E) not (and not permit any licensee or sublicensee thereof to) do any act or knowingly omit to do any act whereby any such Trademark owned by a Grantor and material to the business of such Grantor may become is invalidated.

Appears in 1 contract

Samples: Security Agreement (Active Network Inc)

Covenants Relating to Patents and Trademarks. (i) (A) Unless otherwise permitted in writing by the Administrative Agent and consistent with past practice, continue Continue to use each Trademark that is material on each and every trademark class of goods applicable to its business current line as reflected in its current catalogs, brochures and price lists in order to maintain such Trademark in full force free from any claim of abandonment for non-use, (B) maintain as in the past the quality of products and services offered under such Trademark, (C) employ such Trademark with the appropriate notice of registration, if applicable, (D) not adopt or use any xxxx that mark which is confusingly similar or a colorable coxxxxble imitation of such Trademark unless the Administrative Agent, for the ratable benefit of the Secured PartiesLenders, shall obtain a perfected security interest in such Trademark mark pursuant to this Security Agreement, and (E) not (and not permit any licensee or sublicensee thereof to) do any act or knowingly omit to do any act whereby any such Trademark owned by a Grantor and material to the business of such Grantor may become invalidated.

Appears in 1 contract

Samples: Security Agreement (PRG Schultz International Inc)

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Covenants Relating to Patents and Trademarks. (i) (A) Unless otherwise permitted in writing by the Administrative Agent and consistent with past practice, continue Continue to use each Trademark that is material on each and every trademark class of goods applicable to its business current line as reflected in its current catalogs, brochures and price lists in order to maintain such Trademark in full force free from any claim of abandonment for non-use, (B) maintain as in the past the quality of products and services offered under such Trademark, (C) employ such Trademark with the appropriate notice of registration, if applicable, (D) not adopt or use any xxxx that mark xxxch is confusingly similar or a colorable imitation of such Trademark unless the Administrative Agent, for the ratable benefit of the Secured Parties, shall obtain a perfected security interest in such Trademark mark pursuant to this Security Agreement, and (E) not (and not permit any licensee or sublicensee thereof to) do any act or knowingly omit to do any act whereby any such Trademark owned by a Grantor and material to the business of such Grantor may become invalidated.

Appears in 1 contract

Samples: Security Agreement (Sterile Recoveries Inc)

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