Common use of New Patents Clause in Contracts

New Patents. Borrower represents and warrants that the Patents and Licenses listed on Schedules A and B, respectively, include all of the patents, patent applications and license agreements in connection with patents or patent applications now owned or held by Borrower. If prior to the termination of this Agreement, Borrower shall (i) obtain rights to any new patentable inventions or license agreements in connection with patents or patent applications or (ii) become entitled to the benefit of any patent, patent application or patent for any reissue, division, continuation, renewal, extension or continuation-in-part of any Patent or any improvement on any Patent, the provisions of Section 2 shall automatically apply thereto and Borrower shall give to Lender prompt written notice thereof. Borrower hereby authorizes Lender to modify this Agreement by (a) amending Schedules A or B, as the case may be, to include any future patents, patent applications and license agreements in connection with patents and patent applications that are Patents or Licenses under Section 2 or under this Section 4 and (b) filing, in addition to and not in substitution for, this Agreement, a duplicate original of this Agreement containing on Schedules A or B thereto, as the case may be, such future patents, patent applications and license agreements which are Patents or Licenses, as the case may be, under Section 2 or this Section 4.

New Patents. Borrower Grantor represents and warrants that the Patents and Licenses listed on Schedules A and B, respectively, include all of the patents, patent applications and license agreements in connection with patents or patent applications now owned or held by BorrowerGrantor. If If, prior to the termination of this Agreement, Borrower Grantor shall (i) obtain rights to any new patentable inventions or license agreements in connection with or any patents or patent applications in connection therewith or (ii) become entitled to the benefit of any patent, patent application or patent for any reissue, division, continuation, renewal, extension or continuation-in-part of related to any Patent or any improvement on any Patent, the provisions of Section 2 shall automatically apply thereto and Borrower Grantor shall give to Lender Agent prompt written notice thereof. Borrower Grantor hereby authorizes Lender Agent to modify this Agreement by (a) amending Schedules A or B, as the case may be, to include any future patents, patent applications and license agreements in connection with patents and patent applications that are Patents or Licenses under Section 2 or under this Section 4 4, and (b) filing, in addition to and not in substitution for, this Agreement, a duplicate original of this Agreement containing on Schedules A or B thereto, as the case may be, such future patents, patent applications and license agreements which are Patents or Licenses, as the case may be, under Section 2 or this Section 4.

New Patents. Borrower Debtor represents and warrants that the Patents and Licenses listed on Schedules A 2 and B3, respectively, include all of the patents, patent applications and license agreements in connection with patents or patent applications now owned or held by BorrowerDebtor. If prior to the termination of this Security Agreement, Borrower Debtor shall (i) obtain rights to any new patentable inventions or license agreements in connection with patents or patent applications or (ii) become entitled to the benefit of any patent, patent application or patent for any reissue, division, continuation, renewal, extension or continuation-in-part of any Patent or any improvement on any Patent, the provisions of Section 2 1 shall automatically apply thereto and Borrower Debtor shall give to Lender Secured Party prompt written notice thereof. Borrower Debtor hereby authorizes Lender Secured Party to modify this Security Agreement by (a) amending Schedules A 2 or B3, as the case may be, to include any future patents, patent applications and license agreements in connection with patents and patent applications that are Patents or Licenses under Section 2 1 or under this Section 4 3 and (b) filing, in addition to and not in substitution for, this Security Agreement, a duplicate original of this Security Agreement containing on Schedules A 2 or B 3 thereto, as the case may be, such future patents, patent applications and license agreements which are Patents or Licenses, as the case may be, under Section 2 1 or this Section 43.