Common use of Grantor Shall Not Abandon any Collateral Clause in Contracts

Grantor Shall Not Abandon any Collateral. The Grantor shall not abandon any trademark registration, patent or any pending trademark or patent application, in each case listed on Schedule I or Schedule II, without the written consent of the Administrative Agent, unless such Grantor shall have previously determined that such use or the pursuit or maintenance of such trademark registration, patent or pending trademark or patent application is not of material economic value to it, in which case, such Grantor will, at least annually, give notice of any such abandonment to the Administrative Agent in writing, in reasonable detail, at its address set forth in the Credit Agreement.

Appears in 3 contracts

Samples: Credit Agreement (Telex Communications Inc), Patent and Trademark Security Agreement (Telex Communications Inc), Patent and Trademark Security Agreement (Day International Group Inc)

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Grantor Shall Not Abandon any Collateral. The Grantor shall not abandon any trademark registration, patent or any pending trademark or patent application, in each case listed on Schedule I or Schedule II, without the written consent of the Administrative Agent, unless such Grantor shall have previously determined that such use or the pursuit or maintenance of such trademark registration, patent or pending trademark or patent application is not of material economic value to it, in which case, such Grantor will, at least annually, give notice of any such abandonment to the Administrative Agent in writing, in reasonable detail, at its address set forth in the Senior Secured Credit Agreement.

Appears in 2 contracts

Samples: And Collateral Agreement (Ev International Inc), Patent and Trademark Security Agreement (Ev International Inc)

Grantor Shall Not Abandon any Collateral. The Grantor shall not abandon any trademark registration, patent or any pending trademark or patent application, in each case listed on Schedule I or Schedule II, without the written consent of the Administrative AgentCo-Agents, unless such the Grantor shall have previously determined that such use or the pursuit or maintenance of such trademark registration, patent or pending trademark or patent application is not of material economic value to it, in which case, such the Grantor will, at least annually, give notice of any such abandonment to the Administrative Agent Co-Agents in writing, in reasonable detail, at its address their addresses set forth in the Credit Amended and Restated Note Purchase Agreement.

Appears in 1 contract

Samples: Patent and Trademark Security Agreement (Telex Communications Inc)

Grantor Shall Not Abandon any Collateral. The Grantor shall not abandon any trademark registration, patent or any pending trademark or patent application, in each case listed on Schedule I or Schedule II, without the written consent of the Administrative Agent, unless such Grantor shall have previously determined that such use or the pursuit or maintenance of such trademark registration, patent or pending trademark or patent application is not of material economic value to it, in which case, such Grantor will, at least annually, give notice of any such abandonment to the Administrative Agent and the Lenders in writing, in reasonable detail, at its address their respective addresses set forth in the Credit Agreement.

Appears in 1 contract

Samples: Patent and Trademark Security Agreement (Remington Arms Co Inc/)

Grantor Shall Not Abandon any Collateral. The Grantor shall not abandon any trademark registration, patent copyright registration, Patent or any pending trademark or patent application, in each case listed on Schedule I or Schedule II, without the written consent of the Administrative AgentLender, unless such the Grantor shall have previously determined that such use or the pursuit or maintenance of such trademark registration, patent copyright registration, Patent or pending trademark or patent application is not of material economic value to it, in which case, such the Grantor will, at least annually, give notice of any such abandonment to the Administrative Agent Lender in writing, in reasonable detail, at its address set forth in the Credit Agreement.

Appears in 1 contract

Samples: Patent, Trademark and Copyright Security Agreement (Advanced Photonix Inc)

Grantor Shall Not Abandon any Collateral. The Grantor shall not abandon any trademark registration, patent Patent or any pending trademark or patent application, in each case listed on Schedule I or Schedule II, without the written consent of the Administrative AgentBank, unless such the Grantor shall have previously determined that such use or the pursuit or maintenance of such trademark registration, patent Patent or pending trademark or patent application is not of material economic value to it, in which case, such the Grantor will, at least annually, give notice of any such abandonment to the Administrative Agent Bank in writing, in reasonable detail, at its address set forth in the Credit Agreement.

Appears in 1 contract

Samples: Patent and Trademark Security Agreement (Jpe Inc)

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Grantor Shall Not Abandon any Collateral. The Grantor shall not abandon any trademark registration, patent or any pending trademark or patent application, in each case listed on Schedule I or Schedule II, without the written consent of the Administrative AgentCo-Agents, unless such Grantor shall have previously determined that such use or the pursuit or maintenance of such trademark registration, patent or pending trademark or patent application is not of material economic value to it, in which case, such Grantor will, at least annually, give notice of any such abandonment to the Administrative Agent Co-Agents in writing, in reasonable detail, at its address set forth in the Credit Note Purchase Agreement.

Appears in 1 contract

Samples: Patent and Trademark Security Agreement (Telex Communications Inc)

Grantor Shall Not Abandon any Collateral. The Grantor shall not abandon any trademark registration, patent or any pending trademark or patent application, in each case listed on Schedule I or Schedule II, without the written consent of the Administrative Agent, unless such the Grantor shall have previously determined that such use or the pursuit or maintenance of such trademark registration, patent or pending trademark or patent application is not of material economic value to it, in which case, such the Grantor will, at least annually, give notice of any such abandonment to the Administrative Agent and the Lenders in writing, in reasonable detail, at its address their respective addresses set forth in the Credit Agreement.

Appears in 1 contract

Samples: Borrower Patent and Trademark Security Agreement (Raci Holding Inc)

Grantor Shall Not Abandon any Collateral. The Grantor shall not abandon any trademark registration, patent Patent or any pending trademark or patent application, in each case listed on Schedule I or Schedule II, without the written consent of the Administrative Agent, unless such Grantor shall have previously determined that such use or the pursuit or maintenance of such trademark registration, patent Patent or pending trademark or patent application is not of material economic value to it, in which case, such Grantor will, at least annually, give notice of any such abandonment to the Administrative Agent in writing, in reasonable detail, at its address set forth in the Credit Agreement.

Appears in 1 contract

Samples: Patent and Trademark Security Agreement (Day International Group Inc)

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