Common use of Maintenance of Patents Clause in Contracts

Maintenance of Patents. At its own expense, each Debtor shall make timely payment of all post-issuance fees required pursuant to 35 U.S.C. Section 41 to maintain in force rights under each Patent, absent prior written consent of the Agent; provided, that no Debtor shall be obligated to maintain any Patent in the event the Debtor determines, in its reasonable business judgment, that the maintenance of such Patent is no longer necessary or desirable in the conduct of its business.

Appears in 3 contracts

Samples: Security Agreement (Tweeter Home Entertainment Group Inc), Tweeter Security Agreement (Tweeter Home Entertainment Group Inc), Credit Agreement (Tweeter Home Entertainment Group Inc)

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Maintenance of Patents. At its own expense, each Debtor shall make timely payment of all post-issuance fees required pursuant to 35 U.S.C. Section § 41 to maintain in force rights under each Patent, absent prior written consent of Patent to the Agent; provided, that no extent such Debtor shall reasonably believes it to be obligated consistent with good business practice and failure to maintain any Patent in the event the Debtor determines, in its reasonable business judgment, that the maintenance of such Patent is no longer necessary or desirable in the conduct of its businessdo so would cause a Material Adverse Effect.

Appears in 3 contracts

Samples: Credit Agreement (Alon Brands, Inc.), Security Agreement (Spartech Corp), Security Agreement (Spartech Corp)

Maintenance of Patents. At its own expense, each Each Debtor shall make timely payment of all post-issuance fees required pursuant to 35 U.S.C. Section § 41 to maintain in force rights under each Patent, absent prior written consent of the Agent; provided, that no Debtor shall be obligated to maintain any Patent in the event the Debtor determines, in its reasonable business judgment, that the maintenance of such Patent is no longer necessary or desirable in the conduct of its business.

Appears in 2 contracts

Samples: Loan Agreement (Westwater Resources, Inc.), Security Agreement (Westwater Resources, Inc.)

Maintenance of Patents. At its own expense, each Debtor shall make timely payment of all post-issuance fees required pursuant to 35 U.S.C. Section § 41 to maintain in force rights under each Patent, absent prior written consent of the AgentPurchasers; provided, that no Debtor shall be obligated to maintain any Patent in the event the such Debtor determines, in its commercially reasonable business judgment, that the maintenance of such Patent is no longer necessary or desirable in the conduct of its business.

Appears in 2 contracts

Samples: Security and Pledge Agreement (Dyntek Inc), Security and Pledge Agreement (Dyntek Inc)

Maintenance of Patents. At its own expense, each Debtor shall make timely payment of all post-issuance fees required pursuant to 35 U.S.C. Section § 41 to maintain in force rights under each Patent, absent prior written consent of the AgentPurchaser; provided, that no Debtor shall be obligated to maintain any Patent in the event the such Debtor determines, in its commercially reasonable business judgment, that the maintenance of such Patent is no longer necessary or desirable in the conduct of its business.

Appears in 2 contracts

Samples: Security and Pledge Agreement (Dyntek Inc), Security and Pledge Agreement (Dyntek Inc)

Maintenance of Patents. At its own expense, each Debtor ---------------------- shall make timely payment of all post-issuance fees required pursuant to 35 U.S.C. Section (S) 41 to maintain in force rights under each Patent, absent prior written consent of Patent to the Agent; provided, that no extent such Debtor shall reasonably believes it to be obligated consistent with good business practice and failure to maintain any Patent in the event the Debtor determines, in its reasonable business judgment, that the maintenance of such Patent is no longer necessary or desirable in the conduct of its businessdo so would cause a Material Adverse Effect.

Appears in 1 contract

Samples: Intercreditor Agreement (Global Industrial Technologies Inc)

Maintenance of Patents. At its own expense, each the Debtor shall make timely payment of all post-issuance fees required pursuant to 35 U.S.C. Section 41 to maintain in force rights under each Patent, absent prior written consent of the AgentLender; provided, that no the Debtor shall not be obligated to maintain any Patent in the event the Debtor determines, in its reasonable business judgment, that the maintenance of such Patent is no longer necessary or desirable in the conduct of its business.

Appears in 1 contract

Samples: Security Agreement (Dynasil Corp of America)

Maintenance of Patents. At its own expense, each Debtor shall make timely payment of all post-issuance fees required pursuant to 35 U.S.C. Section ss. 41 to maintain in force rights under each Patent, absent prior written consent of the Agent; provided, that no Debtor shall be obligated to maintain any Patent in the event the such Debtor determines, in its reasonable business judgment, that the maintenance of such Patent is no longer necessary or desirable in the conduct of its business.

Appears in 1 contract

Samples: Security Agreement (Asc Holdings Inc)

Maintenance of Patents. At its own expense, each the Debtor shall make timely payment of all post-issuance fees required pursuant to 35 U.S.C. Section 41 to maintain in force rights under each PatentPatent to the extent the Debtor reasonably believes it to be consistent with good business practice and failure to do so would cause a material adverse effect on the business, absent prior written consent condition (financial or otherwise), operations, prospects or properties of the Agent; provided, that no Debtor shall be obligated to maintain any Patent in the event the Debtor determines, in its reasonable business judgment, that the maintenance of such Patent is no longer necessary or desirable in the conduct of its businessDebtor.

Appears in 1 contract

Samples: Credit Agreement (Healthcor Holdings Inc)

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Maintenance of Patents. At its own expense, each Debtor shall make timely payment of all post-issuance fees required pursuant to 35 U.S.C. Section 41 to maintain in force rights under each PatentPatent to the extent such Debtor reasonably believes it to be consistent with good business practice and failure to do so would cause a material adverse effect on the business, absent prior written consent of the Agent; providedcondition (financial or otherwise), that no Debtor shall be obligated to maintain any Patent in the event the Debtor determinesoperations, in its reasonable business judgment, that the maintenance prospects or properties of such Patent is no longer necessary or desirable in the conduct of its businessDebtor.

Appears in 1 contract

Samples: Credit Agreement (Healthcor Holdings Inc)

Maintenance of Patents. At its own expense, each Debtor shall make timely payment of all post-issuance fees required pursuant to 35 U.S.C. Section ' 41 to maintain in force rights under each Patent, absent prior written consent of Patent to the Agent; provided, that no extent such Debtor shall reasonably believes it to be obligated consistent with good business practice and failure to maintain any Patent in the event the Debtor determines, in its reasonable business judgment, that the maintenance of such Patent is no longer necessary or desirable in the conduct of its businessdo so would cause a Material Adverse Effect.

Appears in 1 contract

Samples: Security Agreement (Pegasus Systems Inc)

Maintenance of Patents. At its own expense, each Debtor shall make ---------------------- timely payment of all post-issuance fees required pursuant to 35 U.S.C. Section S 41 (or the equivalent laws of a foreign jurisdiction) to maintain in force rights under each material Patent, absent prior written consent of the Agent; provided, that no Debtor shall be obligated to maintain any Patent in the event the Debtor determines, in its reasonable business judgment, that the maintenance of such Patent is no longer necessary or desirable in the conduct of its business.

Appears in 1 contract

Samples: Security Agreement (Synbiotics Corp)

Maintenance of Patents. At its own expense, each the Debtor ---------------------- shall make timely payment of all post-issuance fees required pursuant to 35 U.S.C. Section (S) 41 to maintain in force rights under each Patent, absent prior written consent of Patent to the Agent; provided, that no Debtor shall be obligated to maintain any Patent in the event extent the Debtor determines, in its reasonable reasonably believes it to be consistent with good business judgment, that the maintenance of such Patent is no longer necessary or desirable in the conduct of its businesspractice and failure to do so would cause a Material Adverse Effect.

Appears in 1 contract

Samples: Intercreditor Agreement (Global Industrial Technologies Inc)

Maintenance of Patents. At its own expense, each Debtor shall make timely payment of all post-issuance fees required pursuant to 35 U.S.C. Section 41 to maintain in force rights under each Patent, absent prior written consent of the AgentPurchasers; provided, that no Debtor shall be obligated to maintain any Patent in the event the such Debtor determines, in its commercially reasonable business judgment, that the maintenance of such Patent is no longer necessary or desirable in the conduct of its business.

Appears in 1 contract

Samples: Security, Pledge and Guaranty Agreement (Synergy Brands Inc)

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