Common use of General Term Clause in Contracts

General Term. (a) This Agreement may not be amended or modified except by a writing signed by the Borrower and the Agent, nor may the Borrower assign any of its rights hereunder. This Agreement and the terms, covenants and conditions hereof shall be construed in accordance with, and governed by, the laws of the State of New York (without giving effect to any conflicts of law provisions contained therein). In the event that any Collateral stands in the name of the Borrower and another or others jointly, as between the Agent and the Borrower, the Agent may deal with the same for all purposes as if it belonged to or stood in the name of the Borrower alone. (b) This Agreement and the security interests granted herein shall terminate on the date on which all payments under the Notes (as defined in the Purchase Agreement) have been indefeasibly paid or satisfied in full (including as a result of the conversion in full of the Notes) and all other obligations have been paid or discharged (other than contingent indemnification obligations).

Appears in 4 contracts

Samples: Patent, Trademark and Copyright Security Agreement (Global Green Solutions Inc.), Patent, Trademark and Copyright Security Agreement (Duska Therapeutics, Inc.), Patent, Trademark and Copyright Security Agreement (Valcent Products Inc.)

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General Term. (a) This Agreement may not be amended or modified except by a writing signed by the Borrower Debtor and the Collateral Agent, nor may the Borrower Debtor assign any of its rights hereunder. This Agreement and the terms, covenants and conditions hereof shall be construed in accordance with, and governed by, the laws of the State of New York Delaware (without giving effect to any conflicts of law provisions contained therein). In the event that any Collateral stands in the name of the Borrower Debtor and another or others jointly, as between the Collateral Agent and the BorrowerDebtor, the Collateral Agent may deal with the same for all purposes as if it belonged to or stood in the name of the Borrower Debtor alone. (b) This Agreement and the security interests granted herein shall terminate on the date on which all payments under the Notes (as defined in the Purchase Agreement) have been indefeasibly paid or satisfied in full (including as a result of the conversion in full of the Notes) and all other obligations Obligations have been paid or discharged (other than contingent indemnification obligations).

Appears in 1 contract

Samples: Patent, Trademark and Copyright Security Agreement (Techniscan)

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