Maintain Rights and Facilities. The Company shall maintain and ------------------------------ preserve its corporate existence and all permits, rights and franchises necessary to the conduct of its business in full force and effect and adequate for its business as presently conducted and proposed to be conducted. The Company shall maintain complete and exclusive ownership of, but shall have the right to license or sublicense, its patents, trademarks, trade names, service marks, and other proprietary rights.
Appears in 2 contracts
Samples: Subordinated Note and Warrant Purchase Agreement (Divicore Inc), Subordinated Note and Warrant Purchase Agreement (Divicore Inc)
Maintain Rights and Facilities. The Company shall maintain and ------------------------------ preserve its corporate existence and all permitsits rights, rights franchises and franchises necessary to qualifications adequate for the conduct of its business in full force and effect and adequate for the ownership of its business as presently conducted and proposed to be conducted. The Company shall maintain complete and exclusive ownership of, but shall have the right to license or sublicense, its patents, trademarks, trade names, service marks, and other proprietary rightsproperties.
Appears in 2 contracts
Samples: Loan and Investment Agreement (Compudyne Corp), And Investment Agreement (William Blair Mezzanine Capital Partners Ii LLC /Adv)
Maintain Rights and Facilities. The Company shall maintain and ------------------------------ preserve its corporate existence and all permitsits rights, rights franchises and franchises necessary to qualifications adequate for the conduct of its business in full force and effect the ownership of its properties, comply with all valid and adequate for its business as presently conducted applicable statutes, rules and proposed to be conducted. The Company shall maintain complete and exclusive ownership of, but shall have the right to license or sublicense, its patents, trademarks, trade names, service marksregulations, and other proprietary rightsmaintain its properties in good repair, working order and operating condition.
Appears in 1 contract
Samples: Convertible Preferred Stock Purchase Agreement (Compudyne Corp)