Common use of Grant of Security Interest in Patents Clause in Contracts

Grant of Security Interest in Patents. Each Grantor hereby grants to the Collateral Agent a security interest and continuing lien on all of such Grantor’s right, title and interest in, to and under the following Collateral of such Grantor, in each case whether owned or existing or hereafter acquired or arising and wherever located (collectively, the “Patent Collateral”):

Appears in 2 contracts

Samples: Credit Agreement (Progress Rail Services, Inc.), Patent Security Agreement (Progress Rail Services, Inc.)

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Grant of Security Interest in Patents. Each Grantor hereby assigns and transfers to the Collateral Agent, and hereby grants to the Collateral Agent for the ratable benefit of the Secured Parties, a security interest and continuing lien on all of such Grantor’s right, title and interest in, to and under the following Collateral of such GrantorPatents and Patent Licenses, including the Patents and Patent Licenses listed in Schedule I, in each case whether now owned or existing or hereafter acquired or arising and wherever located (collectively, the “Patent Collateral”):).

Appears in 1 contract

Samples: Patent Security Agreement (Virgin Mobile USA, Inc.)

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Grant of Security Interest in Patents. Each Grantor hereby assigns and transfers to the Collateral Agents, and hereby grants to the Collateral Agent a Agents, an equal and ratable security interest and continuing lien for the ratable benefit of the Secured Parties on all of such Grantor’s right, title and interest in, to and under the following Collateral of such GrantorPatents and Patent Licenses, including the Patents and Patent Licenses listed in Schedule I, in each case whether now owned or existing or hereafter acquired or arising and wherever located (collectively, the “Patent Collateral”):).

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Virgin Mobile USA, Inc.)

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