Common use of Grant of Security Interest in Patent Collateral Clause in Contracts

Grant of Security Interest in Patent Collateral. Each Grantor hereby unconditionally grants, assigns, and pledges to Agent, for the benefit each member of the Lender Group, to secure the Secured Obligations, a continuing security interest (referred to in this Patent Security Agreement as the “Security Interest”) in all of such Grantor’s right, title and interest in and to the following, whether now owned or hereafter acquired or arising (collectively, the “Patent Collateral”): (a) all of its Patents and Patent Intellectual Property Licenses to which it is a party including those referred to on Schedule I; (b) all divisionals, continuations, continuations-in-part, reissues, reexaminations, or extensions of the foregoing; and (c) all products and proceeds of the foregoing, including any claim by such Grantor against third parties for past, present or future infringement of any Patent or any Patent exclusively licensed under any Intellectual Property License, including the right to receive damages, or right to receive license fees, royalties, and other compensation under any Patent Intellectual Property License.

Appears in 5 contracts

Samples: Subordination Agreement, Subordination Agreement (Nuverra Environmental Solutions, Inc.), First Lien Guaranty and Security Agreement (Nuverra Environmental Solutions, Inc.)

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Grant of Security Interest in Patent Collateral. Each Grantor hereby unconditionally grants, assigns, and pledges to Agent, for the benefit of each member of the Lender Group, to secure the Secured Obligations, a continuing security interest (referred to in this Patent Security Agreement as the “Security Interest”) in all of such Grantor’s right, title and interest in and to the following, whether now owned or hereafter acquired or arising (collectively, the “Patent Collateral”): (a) all of its Patents and Patent Intellectual Property Licenses to which it is a party including those referred to on Schedule I; (b) all divisionals, continuations, continuations-in-part, reissues, reexaminations, or extensions of the foregoing; and (c) all products and proceeds of the foregoing, including any claim by such Grantor against third parties for past, present or future infringement of any Patent or any Patent exclusively licensed under any Intellectual Property License, including the right to receive damages, or right to receive license fees, royalties, and other compensation under any Patent Intellectual Property License.

Appears in 3 contracts

Samples: Guaranty and Security Agreement (Endologix Inc /De/), Patent Security Agreement (Endologix Inc /De/), Guaranty and Security Agreement (Power Solutions International, Inc.)

Grant of Security Interest in Patent Collateral. Each Grantor hereby unconditionally grants, assigns, and pledges to the Collateral Agent, for the benefit each member of the Lender GroupSecured Parties, to secure the Secured Obligations, a continuing security interest (referred to in this Patent Security Agreement as the “Security Interest”) in all of such Grantor’s right, title and interest in and to the following, whether now owned or hereafter acquired or arising (collectively, the “Patent Collateral”): (a) all of its Patents and Patent Intellectual Property Licenses to which it is a party including those referred to on Schedule I; (b) all divisionals, continuations, continuations-in-part, reissues, reexaminations, or extensions of the foregoing; and (c) all products and proceeds of the foregoing, including any claim by such Grantor against third parties for past, present or future infringement of any Patent or any Patent exclusively licensed under any Intellectual Property License, including the right to receive damages, or right to receive license fees, royalties, and other compensation under any Patent Intellectual Property License.

Appears in 2 contracts

Samples: Security Agreement (Salem Media Group, Inc. /De/), Security Agreement (Salem Media Group, Inc. /De/)

Grant of Security Interest in Patent Collateral. Each Grantor hereby unconditionally grants, assigns, and pledges to the Agent, for the benefit each member of the Lender GroupSecured Parties, to secure the Secured Obligations, a continuing security interest (referred to in this Patent Security Agreement as the “Security Interest”) in all of such Grantor’s right, title and interest in and to the following, whether now owned or hereafter acquired or arising (collectively, the “Patent Collateral”): (a) all of its Patents and Patent Intellectual Property Licenses to which it is a party including those referred to on Schedule II ; (b) all divisionals, continuations, continuations-in-part, reissues, reexaminations, or extensions of the foregoing; and (c) all products and proceeds of the foregoing, including any claim by such Grantor against third parties for past, present or future infringement of any Patent or any Patent exclusively licensed under any Intellectual Property License, including the right to receive damages, or right to receive license fees, royalties, and other compensation under any Patent Intellectual Property License.

Appears in 2 contracts

Samples: Pledge and Security Agreement (BlueLinx Holdings Inc.), Credit and Guaranty Agreement (BlueLinx Holdings Inc.)

Grant of Security Interest in Patent Collateral. Each Grantor hereby unconditionally grants, assigns, and pledges to Agent, for the benefit each member of the Lender Group, to secure the Secured Obligations, a continuing security interest (referred to in this Patent Security Agreement as the “Security Interest”) in all of such Grantor’s right, title and interest in and to the following, whether now owned or hereafter acquired or arising (collectively, the “Patent Collateral”): (a) all of its Patents and Patent Intellectual Property Licenses related to Patents to which it is a party including those referred to on Schedule I; (b) all divisionals, continuations, continuations-in-part, reissues, reexaminations, or extensions of the foregoing; and (c) all products and proceeds of the foregoing, including any claim by such Grantor against third parties for past, present or future infringement of any Patent or any Patent exclusively licensed under any Intellectual Property License, including the right to receive damages, or right to receive license fees, royalties, and other compensation under any Patent Intellectual Property LicenseLicense related to Patents.

Appears in 2 contracts

Samples: Guaranty and Security Agreement (Unifi Inc), Patent Security Agreement (Unifi Inc)

Grant of Security Interest in Patent Collateral. Each Grantor hereby unconditionally grants, collaterally assigns, and pledges to Agent, for the benefit each member of the Lender GroupLenders, to secure the Secured Obligations, a continuing security interest (referred to in this Patent Security Agreement as the “Security Interest”) in all of such Grantor’s right, title and interest in and to the following, whether now owned or hereafter acquired or arising (collectively, the “Patent Collateral”): (a) all of its Patents and Patent Intellectual Property Licenses to which it is a party including those referred to on Schedule I; (b) all divisionals, continuations, continuations-in-part, reissues, reexaminations, or extensions of the foregoing; and (c) all products and proceeds of the foregoing, including any claim by such Grantor against third parties for past, present or future infringement of any Patent or any Patent exclusively licensed under any Intellectual Property License, including the right to receive damages, or right to receive license fees, royalties, and other compensation under any Patent Intellectual Property License.

Appears in 1 contract

Samples: Security Agreement (Patrick Industries Inc)

Grant of Security Interest in Patent Collateral. Each Grantor hereby unconditionally grants, collaterally assigns, and pledges to Agent, for the benefit each member of the Lender GroupLenders, to secure the Secured Obligations, a continuing security interest (referred to in this Patent Security Agreement as the "Security Interest") in all of such Grantor’s 's right, title and interest in and to the following, whether now owned or hereafter acquired or arising (collectively, the "Patent Collateral"): (a) all of its Patents and Patent Intellectual Property Licenses to which it is a party including those referred to on Schedule I; (b) all divisionals, continuations, continuations-in-part, reissues, reexaminations, or extensions of the foregoing; and (c) all products and proceeds of the foregoing, including any claim by such Grantor against third parties for past, present or future infringement of any Patent or any Patent exclusively licensed under any Intellectual Property License, including the right to receive damages, or right to receive license fees, royalties, and other compensation under any Patent Intellectual Property License.

Appears in 1 contract

Samples: Security Agreement (Patrick Industries Inc)

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Grant of Security Interest in Patent Collateral. Each Grantor hereby unconditionally grants, assigns, and pledges to Collateral Agent, for the benefit of each member of the Lender Group, to secure the Secured Obligations, a continuing security interest (referred to in this Patent Security Agreement as the “Security Interest”) in all of such Grantor’s right, title and interest in and to the following, whether now owned or hereafter acquired or arising (collectively, the “Patent Collateral”): (a) all of its Patents and Patent Intellectual Property Licenses to which it is a party including those referred to on Schedule I; (b) all divisionals, continuations, continuations-in-part, reissues, reexaminations, or extensions of the foregoing; and (c) all products and proceeds of the foregoing, including any claim by such Grantor against third parties for past, present or future infringement of any Patent or any Patent exclusively licensed under any Intellectual Property License, including the right to receive damages, or right to receive license fees, royalties, and other compensation under any Patent Intellectual Property License.

Appears in 1 contract

Samples: Intercreditor Agreement (Nuverra Environmental Solutions, Inc.)

Grant of Security Interest in Patent Collateral. Each Grantor hereby unconditionally grants, assigns, and pledges to Collateral Agent, for the benefit each member of the Lender GroupSecured Parties, to secure the Secured Obligations, a continuing security interest (referred to in this Patent Security Agreement as the “Security Interest”) in all of such Grantor’s right, title and interest in and to the following, whether now owned or hereafter acquired or arising (collectively, the “Patent Collateral”): (a) all of its Patents and Patent Intellectual Property Licenses to which it is a party including those referred to on Schedule I; (b) all divisionals, continuations, continuations-in-part, reissues, reexaminations, or extensions of the foregoing; and (c) all products and proceeds of the foregoing, including any claim by such Grantor against third parties for past, present or future infringement of any Patent or any Patent exclusively licensed under any Intellectual Property License, including the right to receive damages, or right to receive license fees, royalties, and other compensation under any Patent Intellectual Property License.

Appears in 1 contract

Samples: Security Agreement (Unique Logistics International, Inc.)

Grant of Security Interest in Patent Collateral. Each Grantor hereby unconditionally grants, assigns, and pledges to Agent, for the benefit of each member of the Lender Noteholder Group, to secure the Secured Obligations, a continuing security interest (referred to in this Patent Security Agreement as the “Security Interest”) in all of such Grantor’s right, title and interest in and to the following, whether now owned or hereafter acquired or arising (collectively, the “Patent Collateral”): (a) all of its Patents and Patent Intellectual Property Licenses to which it is a party including those referred to on Schedule I; (b) all divisionals, continuations, continuations-in-part, reissues, reexaminations, or extensions of the foregoing; and (c) all products and proceeds of the foregoing, including any claim by such Grantor against third parties for past, present or future infringement of any Patent or any Patent exclusively licensed under any Intellectual Property License, including the right to receive damages, or right to receive license fees, royalties, and other compensation under any Patent Intellectual Property License.

Appears in 1 contract

Samples: Intercreditor Agreement (Nuverra Environmental Solutions, Inc.)

Grant of Security Interest in Patent Collateral. Each Grantor hereby unconditionally grants, collaterally assigns, and pledges to Agent, for the benefit each member of the Lender GroupSecured Parties, to secure the Secured Obligations, a continuing security interest (referred to in this Patent Security Agreement as the "Security Interest") in all of such Grantor’s 's right, title and interest in and to the following, whether now owned or hereafter acquired or arising (collectively, the "Patent Collateral"): (a) all of its Patents and Patent Intellectual Property Licenses to which it is a party including those referred to on Schedule I; (b) all divisionals, continuations, continuations-in-part, reissues, reexaminations, or extensions of the foregoing; and (c) all products and proceeds of the foregoing, including any claim by such Grantor against third parties for past, present or future infringement of any Patent or any Patent exclusively licensed under any Intellectual Property License, including the right to receive damages, or right to receive license fees, royalties, and other compensation under any Patent Intellectual Property License.

Appears in 1 contract

Samples: Security Agreement (Spire Global, Inc.)

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