Common use of Future Rights Clause in Contracts

Future Rights. For so long as any of the Secured Obligations shall remain outstanding, or, if earlier, until Agent shall have released or terminated, in whole but not in part, its interest in the Trademark Collateral, if and when Debtor shall obtain rights to any new Trademarks, or any reissue, renewal or extension of any Trademarks, the provisions of Section 2 shall automatically apply thereto and Debtor shall give to Agent prompt notice thereof, within 20 days after obtaining such rights, reissuance, renewal, or extension. Debtor shall do all things reasonably deemed necessary by Agent in the exercise of its discretion to ensure the validity, perfection, priority and enforceability of the security interests of Agent in such future acquired Trademark Collateral. If Debtor refuses to execute and deliver, or fails timely to execute and deliver, any of the documents it is requested to execute and deliver by Agent in connection herewith, Debtor hereby authorizes Agent to modify, amend or supplement the Schedules hereto and to re-execute this Agreement from time to time on Debtor's behalf and as its attorney-in-fact to include any future Trademarks which are or become Trademark Collateral and to cause such re-executed Agreement or such modified, amended or supplemented Schedules to be filed with the PTO.

Future Rights. For so long as any of the Secured Obligations shall remain outstandingoutstanding or the Defeasance thereof shall not have been consummated, or, if earlier, until Collateral Agent shall have released or terminated, in whole but not in part, its interest in the Trademark Collateral, if and when Debtor shall obtain rights to any new Trademarks, or any reissue, renewal or extension of any Trademarks, the provisions of Section SECTION 2 shall automatically apply thereto and Debtor shall give to Collateral Agent prompt notice thereof, within 20 days after obtaining such rights, reissuance, renewal, or extension. Debtor shall do all things reasonably deemed necessary by Collateral Agent in the exercise of its discretion to ensure the validity, perfection, priority and enforceability of the security interests of Collateral Agent in such future acquired Trademark Collateral. If Debtor refuses to execute and deliver, or fails timely to execute and deliver, any of the documents it is requested to execute and deliver by Collateral Agent in connection herewith, Debtor hereby authorizes Collateral Agent to modify, amend or supplement the Schedules hereto and to re-execute this Agreement from time to time on Debtor's behalf and as its attorney-in-fact to include any future Trademarks which are or become Trademark Collateral and to cause such re-executed Agreement or such modified, amended or supplemented Schedules to be filed with the PTO.

Future Rights. For so long as any of the Secured Obligations shall remain outstanding, or, if earlier, until Agent Lender shall have released or terminated, in whole but not in part, its interest in the Trademark Collateral, if and when Debtor shall obtain rights to any new Trademarks, or any reissue, renewal or extension of any Trademarks, the provisions of Section SECTION 2 shall automatically apply thereto and Debtor shall give to Agent Lender prompt notice thereof, within 20 days after obtaining such rights, reissuance, renewal, or extension. Debtor shall do all things reasonably deemed necessary by Agent Lender in the exercise of its discretion to ensure the validity, perfection, priority and enforceability of the security interests of Agent Lender in such future acquired Trademark Collateral. If Debtor refuses to execute and deliver, or fails timely to execute and deliver, any of the documents it is requested to execute and deliver by Agent Lender in connection herewith, Debtor hereby authorizes Agent Lender to modify, amend or supplement the Schedules hereto and to re-execute this Agreement from time to time on Debtor's behalf and as its attorney-in-fact to include any future Trademarks which are or become Trademark Collateral and to cause such re-executed Agreement or such modified, amended or supplemented Schedules to be filed with the PTO.

Future Rights. For so long as any of the Secured Guarantied Obligations shall remain outstanding, or, if earlier, until Agent Lender shall have released or terminated, in whole but not in part, its interest in the Trademark Collateral, if and when Debtor Holdings shall obtain rights to any new Trademarks, or any reissue, renewal or extension of any Trademarks, the provisions of Section SECTION 2 shall automatically apply thereto and Debtor Holdings shall give to Agent Lender prompt notice thereof, within 20 days after obtaining such rights, reissuance, renewal, or extension. Debtor Holdings shall do all things reasonably deemed necessary or advisable by Agent in the exercise of its discretion Lender to ensure the validity, perfection, priority and enforceability of the security interests of Agent Lender in such future acquired Trademark Collateral. If Debtor Holdings refuses to execute and deliver, or fails timely to execute and deliver, any of the documents it is requested to execute and deliver by Agent Lender in connection herewith, Debtor Holdings hereby authorizes Agent Lender to modify, amend or supplement the Schedules hereto and to re-execute this Agreement from time to time on Debtor's Holdings' behalf and as its attorney-in-fact to include any future Trademarks which are or become Trademark Collateral and to cause such re-executed Agreement or such modified, amended or supplemented Schedules to be filed with the PTO.