Common use of Future Acts Clause in Contracts

Future Acts. Until the Obligations shall have been paid in full, Pledgor shall have the duty to make applications on material unregistered, but registrable as trademarks, Collateral owned by Pledgor in any location where Pledgor does business, to prosecute such applications diligently, and to preserve and maintain all rights in the material Trademarks and the other material Collateral, except to the extent Pledgor reasonably determines that such Trademarks do not have any material economic value. Any expenses incurred in connection with such applications and other actions shall be borne by Pledgor. Pledgor shall not abandon any right to file a trademark application or registration for any trademark, or abandon any such pending trademark application or registration, without the consent of Pledgee, except to the extent that Pledgor reasonably determines that the trademark covered by such application or registration has no material economic value.

Future Acts. Until the Obligations shall have been paid in full, Pledgor Pledgors shall have the duty to make applications on material unregistered, but registrable as trademarks, Collateral owned by each Pledgor in any location where each Pledgor does business, to prosecute such applications diligently, and to preserve and maintain all rights in the material Trademarks and the other material Collateral, except to the extent Pledgor Pledgors reasonably determines determine that such Trademarks do not have any material economic value. Any expenses incurred in connection with such applications and other actions shall be borne by PledgorPledgors. Pledgor Pledgors shall not abandon any right to file a trademark application or registration for any trademark, or abandon any such pending trademark application or registration, without the consent of Pledgee, except to the extent that Pledgor Pledgors reasonably determines that the trademark covered by such application or registration has no material economic value.

Future Acts. Until all of the Obligations shall have been paid in fullfull in cash, except as would not have a material impact on the overall value of all the Collateral or the enforcement, perfection or priority of the security interests therein, Pledgor shall have the duty to make applications on material unregistered, unregistered but registrable as trademarks, Collateral owned by Pledgor trademarks in any location where Pledgor does business, to prosecute such applications diligently, and to preserve and maintain all rights in the material Trademarks and the other material Collateral, except to the extent Pledgor reasonably determines that such Trademarks do not have any material economic value. Any expenses incurred in connection with such applications and other actions shall be borne by Pledgor. Pledgor shall not abandon any right to file a trademark application or registration for any trademark, or abandon any such pending trademark application or registration, without the consent of Pledgee, except to the extent that Pledgor reasonably determines that such abandonment would not have a material impact on the trademark covered by such application overall value of all the Collateral or registration has no material economic valuethe enforcement, perfection or priority of the security interests therein.