Common use of Intellectual Property Covenants Clause in Contracts

Intellectual Property Covenants. The Grantor shall: (a) consistent with commercially reasonable practices, not perform or omit to perform any act whereby any patent rights necessary for the License Agreement may become dedicated, invalidated or unenforceable; (b) consistent with commercially reasonable practices, prosecute diligently any necessary patent, trademark or copyright application which is pending with respect to the License Agreement as of the date of this Agreement or hereafter and otherwise maintain all rights in and to the patents necessary under the License Agreement, including making all necessary filings and recordings and paying all required fees and taxes to record and maintain its registration and ownership of each such patent described in the License Agreement; (c) not impair any of the Lender's rights of action described herein.

Intellectual Property Covenants. The Grantor shall: (a) consistent with commercially reasonable practices, not perform or omit to perform any act whereby any patent rights necessary for of the patents described in the License Agreement Agreements may become dedicated, invalidated or unenforceable; (b) consistent with commercially reasonable practices, prosecute diligently any necessary patent, trademark or copyright application which is pending with respect to the License Agreement Agreements as of the date of this Agreement or hereafter and otherwise maintain all rights in and to the patents necessary under the License AgreementAgreements, including making all necessary filings and recordings and paying pay all required fees and taxes to record and maintain its registration and ownership of each such patent described in the License AgreementAgreements; (c) not impair any of the Lender's rights of action described hereinin Section 8.4.