Notification by Assignor. Promptly upon obtaining knowledge ------------------------ thereof, the Assignor will notify the Agent in writing of the institution of, or any final adverse determination in, any proceeding in the PTO or any similar office or agency of the United States or any foreign country, or any court, regarding the validity of any of the Patents or the Assignor's rights, title or interests in and to any of the Patent Collateral, and of any event which does or reasonably could materially adversely affect the value of any of the Patent Collateral, the ability of the Assignor or the Agent to dispose of any of the Patent Collateral or the rights and remedies of the Agent and the Banks in relation thereto (including but not limited to the levy of any legal process against any of the Patent Collateral).
Appears in 6 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)
