Common use of Maintenance of Patents or Copyrights Clause in Contracts

Maintenance of Patents or Copyrights. At its own expense, each Grantor shall make timely payment of all post-issuance fees required to maintain in force its rights under each issued Patent or registered Copyright, absent prior written consent of the Collateral Agent (other than any such Patents or Copyrights that are no longer material or are deemed by such Grantor in its reasonable business judgment to no longer be necessary in the conduct of Grantor’s business).

Appears in 5 contracts

Samples: Second Lien Security Agreement (PAE Inc), First Lien Security Agreement (PAE Inc), Abl Security Agreement (PAE Inc)

AutoNDA by SimpleDocs

Maintenance of Patents or Copyrights. At its own expense, each Grantor shall make timely payment of all post-issuance fees required to maintain in force its rights under each issued Patent or registered Copyright, absent prior written consent of the Collateral Agent (other than any such Patents or Copyrights that are no longer material used or are deemed by such Grantor in its reasonable business judgment to no longer be necessary useful in the conduct of Grantor’s businessits business or operations).

Appears in 2 contracts

Samples: Credit Agreement (Bway Parent Company, Inc.), Security Agreement (BWAY Holding CO)

Maintenance of Patents or Copyrights. At its own expense, each Grantor shall make timely payment of all post-issuance fees required to maintain in force its rights under each issued Patent or registered Copyright, absent prior written consent of the Collateral Agent (acting at the written request of the Requisite Noteholders under the Indenture) (other than any such Patents or Copyrights that which are no longer material used or are deemed by such Grantor in its reasonable business judgment to no longer be necessary useful in the conduct of Grantor’s businessits business or operations).

Appears in 1 contract

Samples: Pledge and Security Agreement (Affinity Guest Services, LLC)

Maintenance of Patents or Copyrights. At its own expense, each Grantor shall make timely payment of all post-issuance fees required to maintain in force its rights under each material issued Patent or material registered Copyright, absent prior written consent of the Collateral Agent not to be unreasonably withheld (other than any such Patents or Copyrights that are no longer material or are deemed by such Grantor in its reasonable business judgment to no longer be necessary in the conduct of Grantor’s business).

Appears in 1 contract

Samples: Security Agreement (Iridium Communications Inc.)

AutoNDA by SimpleDocs

Maintenance of Patents or Copyrights. At its own expenseExcept as consistent with such Grantor’s reasonable business judgment, each Grantor shall agrees, at its expense, to make timely payment of all post-issuance fees required to maintain in force its rights under each issued material Patent or registered Copyright, absent prior written consent of the Collateral Agent (other than any such Patents or Copyrights that are no longer material or are deemed by such Grantor in its reasonable business judgment to no longer be necessary in the conduct of Grantor’s business).

Appears in 1 contract

Samples: Term Loan Security Agreement (Kemet Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!