Common use of LICENSE BACK TO ASSIGNOR Clause in Contracts

LICENSE BACK TO ASSIGNOR. Unless and until there shall have ------------------------ occurred and be continuing an Event of Default and the Agent has notified the Assignor that the license granted hereunder is terminated, the Agent hereby grants to the Assignor the sole and exclusive, nontransferable, royalty-free, worldwide right and license under the Patents to make, have made for it, use, sell and otherwise practice the inventions disclosed and claimed in the Patents for the Assignor's own benefit and account and for none other; provided, however, that the foregoing right and license shall be no greater in scope than, and limited by, the rights assigned to the Agent, for the benefit of the Banks and the Agent, by the Assignor hereby. The Assignor agrees not to sell, assign, transfer, encumber or sublicense its interest in the license granted to the Assignor in this (S)7 without the prior written consent of the Agent. Any such sublicenses granted on or after the date hereof shall be terminable by the Agent upon termination of the Assignor's license hereunder.

Appears in 3 contracts

Samples: Patent Collateral Assignment and Security Agreement (Jackson Products Inc), Patent Collateral Assignment and Security Agreement (Jackson Products Inc), Patent Collateral Assignment and Security Agreement (Jackson Products Inc)

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LICENSE BACK TO ASSIGNOR. Unless and until there shall have ------------------------ occurred and be continuing an Event of Default and the Agent has notified the Assignor that the license granted hereunder is terminated, the Agent hereby grants to the Assignor the sole and exclusive, nontransferable, royalty-free, worldwide right and license under the Patents to make, have made for it, use, sell and otherwise practice the inventions disclosed and claimed in the Patents for the Assignor's own benefit and account and for none other; provided, however, that the foregoing right and license shall be no greater in scope than, and limited by, the rights assigned to the Agent, for the benefit of the Banks Lenders and the Agent, by the Assignor hereby. The Assignor agrees not to sell, assign, transfer, encumber or sublicense its interest in the license granted to the Assignor in this (S)7 Sec.7, without the prior written consent of the Agent. Any such sublicenses granted on or after the date hereof shall be terminable by the Agent upon termination of the Assignor's license hereunder.

Appears in 3 contracts

Samples: Patent Collateral Assignment and Security Agreement (PCD Inc), Patent Collateral Assignment and Security Agreement (PCD Inc), Patent Collateral Assignment and Security Agreement (PCD Inc)

LICENSE BACK TO ASSIGNOR. Unless and until there shall have ------------------------ occurred ------------------------- and be continuing an Event of Default and the Agent has notified the Assignor that the license granted hereunder is terminated, the Agent hereby grants to the Assignor the sole and exclusive, nontransferable, royalty-free, worldwide right and license under the Patents to make, have made for it, use, sell and otherwise practice the inventions disclosed and claimed in the Patents for the Assignor's own benefit and account and for none other; provided, however, that the foregoing right and license shall be no greater in scope than, and limited by, the rights assigned to the Agent, for the benefit of the Banks and the Agent, by the Assignor hereby. The Assignor agrees not to sell, assign, transfer, encumber or sublicense its interest in the license granted to the Assignor in this (S)7 without the prior written consent of the Agent. Any such sublicenses granted on or after the date hereof shall be terminable by the Agent upon termination of the Assignor's license hereunder.

Appears in 2 contracts

Samples: Patent Collateral Assignment and Security Agreement (Jackson Products Inc), Patent Collateral Assignment and Security Agreement (Jackson Products Inc)

LICENSE BACK TO ASSIGNOR. Unless and until there shall have ------------------------ occurred and be continuing an Event of Default and the Agent has notified the Assignor that the license granted hereunder is terminated, the Agent hereby grants to the Assignor the sole and exclusive, nontransferable, royalty-free, worldwide right and license under the Patents to make, have made for it, use, sell and otherwise practice the inventions disclosed and claimed in the Patents for the Assignor's own Own benefit and account and for none other; provided, however, that the foregoing right and license shall be no greater in scope than, and limited by, the rights assigned to the Agent, for the benefit of the Banks and the Agent, by the Assignor hereby. The Assignor agrees not to sell, assign, transfer, encumber or sublicense its interest in the license granted to the Assignor in this (S)7 §7, without the prior written consent of the Agent. Any such sublicenses granted on or after the date hereof shall be terminable by the Agent upon termination of the Assignor's license hereunder.

Appears in 1 contract

Samples: Patent Agreement (Fargo Electronics Inc)

LICENSE BACK TO ASSIGNOR. Unless and until there shall have ------------------------ occurred and be continuing an Event of Default and the Agent Assignee has notified the Assignor that the license granted hereunder is terminated, the Agent Assignee hereby grants to the Assignor the sole and exclusive, nontransferable, royalty-free, worldwide right and license (i) under the Patents to make, have made for it, use, sell sell, offer for sale and otherwise practice the inventions disclosed and claimed in the Patents for the Assignor's ’s own benefit and account and for none other and (ii) to use the Trademarks for the Assignor’s own benefit and account and for none other; provided, however, that the foregoing right and license shall be no greater in scope than, and limited by, the rights assigned to the Agent, for the benefit of the Banks and the AgentAssignee, by the Assignor hereby. The Assignor agrees not to sell, assign, transfer, encumber or sublicense its interest in the license granted to the Assignor in this (S)7 Section 7 without the prior written consent of the AgentAssignee. Any such sublicenses granted on or after the date hereof shall be terminable by the Agent Assignee upon termination of the Assignor's ’s license hereunder.

Appears in 1 contract

Samples: Credit Agreement (Cancer Genetics, Inc)

LICENSE BACK TO ASSIGNOR. Unless and until there shall have ------------------------ occurred and be continuing an Event of Default and the Administrative Agent has notified the Assignor that the license granted hereunder is terminated, the Administrative Agent hereby grants to the Assignor the sole and exclusive, nontransferable, royalty-free, worldwide right and license under the Patents Patent Collateral to make, have made for it, use, sell and otherwise practice the inventions disclosed and claimed in the Patents Patent Collateral for the Assignor's own benefit and account and for none other; provided, however, that the foregoing right and license shall be no greater in scope than, and limited by, the rights assigned to the Administrative Agent, for the benefit of the Banks Lenders and the Administrative Agent, by the Assignor hereby. The Except as permitted under the Credit Agreement, the Assignor agrees not to sell, assign, transfer, encumber or sublicense its interest in the license granted to the Assignor in this (S)7 S)7, without the prior written consent of the Administrative Agent. Any Except as permitted under the Credit Agreement, any such sublicenses granted on or after the date hereof shall be terminable by the Administrative Agent upon termination of the Assignor's license hereunder.

Appears in 1 contract

Samples: Patent Collateral Assignment and Security Agreement (Blue Steel Capital Corp)

LICENSE BACK TO ASSIGNOR. Unless and until there shall have ------------------------ occurred and be continuing an Event of Default and the Agent has notified the Assignor that the license granted hereunder is terminated, the Agent hereby grants to the Assignor the sole and exclusive, nontransferable, royalty-free, worldwide right and license under the Patents to make, have made for it, use, sell and otherwise practice the inventions disclosed and claimed in the Patents for the Assignor's own benefit and account and for none other; provided, however, that the foregoing right and license shall be no greater in scope than, and limited by, the rights assigned to the Agent, for itself and for the benefit of the Banks and the AgentLenders, by the Assignor hereby. The Assignor agrees not to sell, assign, transfer, encumber or sublicense its interest in the license granted to the Assignor in this (S)7 ss.7, without the prior written consent of the Agent. Any such sublicenses granted on or after the date hereof shall be terminable by the Agent upon termination of the Assignor's license hereunder.

Appears in 1 contract

Samples: Security Agreement (Scan Optics Inc)

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LICENSE BACK TO ASSIGNOR. Unless and until there shall have occurred ------------------------ occurred and be continuing an Event of Default and the Agent has notified the Assignor that the license granted hereunder is terminated, the Agent hereby grants to the Assignor the sole and exclusive, nontransferable, royalty-free, worldwide right and license under the Patents to make, have made for it, use, sell and otherwise practice the inventions disclosed and claimed in the Patents for the Assignor's own benefit and account and for none other; provided, however, that the foregoing right and license shall be no greater in scope than, and limited by, the rights assigned to the Agent, for the benefit of the Banks and the Agent, by the Assignor hereby. The Assignor agrees not to sell, assign, transfer, encumber or sublicense its interest in the license granted to the Assignor in this (S)7 without the prior written consent of the Agent. Any such sublicenses granted on or after the date hereof shall be terminable by the Agent upon termination of the Assignor's license hereunder.

Appears in 1 contract

Samples: Patent Collateral Assignment and Security Agreement (Jackson Products Inc)

LICENSE BACK TO ASSIGNOR. Unless and until there shall have ------------------------ occurred and be continuing an Event of Default and the Agent Lender has notified the Assignor that the license granted hereunder is terminated, the Agent Lender hereby grants to the Assignor the sole and exclusive, nontransferable, royalty-free, worldwide right and license under the Patents to make, have made for it, use, sell and otherwise practice the inventions disclosed and claimed in the Patents for the Assignor's own benefit and account and for none other; provided, however, that the foregoing right and license shall be no greater in scope than, and limited by, the rights assigned to the Agent, for the benefit of the Banks and the Agent, Lender by the Assignor hereby. The Assignor agrees not to sell, assign, transfer, encumber or sublicense its interest in the license granted to the Assignor in this (S)7 ss.7, without the prior written consent of the AgentLender. Any such sublicenses granted on or after the date hereof shall be terminable by the Agent Lender upon termination of the Assignor's license hereunder.

Appears in 1 contract

Samples: Patent Collateral Assignment and Security Agreement (Swank, Inc.)

LICENSE BACK TO ASSIGNOR. Unless and until there shall have ------------------------ occurred and be continuing an Event of Default and the Agent has notified the Assignor that the license granted hereunder is terminated, the Agent hereby grants to the Assignor the sole and exclusive, nontransferable, royalty-free, worldwide right and license under the Patents to make, have made for it, use, sell and otherwise practice the inventions disclosed and claimed in the Patents for the Assignor's ’ s own benefit and account and for none other; provided, however, that the foregoing right and license shall be no greater in scope than, and limited by, the rights assigned to the Agent, for the benefit of the Banks Agent and the AgentHolders, by the Assignor hereby. The Except as otherwise permitted by the Indenture, the Assignor agrees not to sell, assign, transfer, encumber or sublicense its interest in the license granted to the Assignor in this (S)7 without the prior written consent of the AgentSection 7. Any such sublicenses granted on or after the date hereof shall be terminable by the Agent upon termination of the Assignor's ’s license hereunder.

Appears in 1 contract

Samples: Patent Collateral Assignment and Security Agreement (Hawaii Parking Maintenance Inc)

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