Common use of Interests in Intellectual Property Clause in Contracts

Interests in Intellectual Property. The Borrower shall, upon acquisition or creation of any right, title or interest in any patent, trademark registrations, copyright registrations or service xxxx registrations, or in any pending applications for the same, promptly, but in no event later than thirty (30) days after such creation or acquisition, notify the Administrative Agent of the same. The Borrower shall, upon request of the Administrative Agent, execute, acknowledge and deliver all such documents and instruments as the Administrative Agent may reasonably require to confirm the Administrative Agent’s security interest for the benefit of the Lenders in and to any such patent, trademark or service xxxx registrations, or applications for the same, as part of the Collateral hereunder and appoints the Administrative Agent as the Borrower’s attorney-in-fact to execute and file the same.