Common use of Owned Intellectual Property Clause in Contracts

Owned Intellectual Property. Schedule 5.11 is a complete list of all patents, applications for patents, trademarks, applications for trademarks, service marks, applications for service marks, mask works, trade dress and copyrights for which each Borrower is the registered owner (the “Owned Intellectual Property”). Except as disclosed on Schedule 5.11, (i) each Borrower owns the Owned Intellectual Property free and clear of all restrictions (including covenants not to xxx a third party), court orders, injunctions, decrees, writs or Liens, whether by written agreement or otherwise, (ii) no Person other than each Borrower owns or has been granted any right in the Owned Intellectual Property, (iii) all Owned Intellectual Property is valid, subsisting and enforceable and (iv) each Borrower has taken all commercially reasonable action necessary to maintain and protect the Owned Intellectual Property.

Appears in 1 contract

Samples: Credit and Security Agreement (Bionova Holding Corp)

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Owned Intellectual Property. Schedule 5.11 is a complete list of all patents, applications for patents, trademarks, applications for trademarks, service marks, applications for service marks, mask works, trade dress and copyrights for which each the Borrower is the registered owner (the "Owned Intellectual Property"). Except as disclosed on Schedule 5.11, (i) each the Borrower owns the Owned Intellectual Property free and clear of all restrictions (including covenants not to xxx sue a third party), court orders, injunctions, decrees, writs or xx Liens, whether by written agreement or otherwise, (ii) no Person other than each the Borrower owns or has been granted any right in the Owned Intellectual Property, (iii) all Owned Intellectual Property is valid, subsisting and enforceable and (iv) each the Borrower has taken all commercially reasonable action necessary to maintain and protect the Owned Intellectual Property.

Appears in 1 contract

Samples: Credit and Security Agreement (International Displayworks Inc)

Owned Intellectual Property. Schedule 5.11 is a complete list of all patents, applications for patents, trademarks, applications for trademarks, service marks, applications for service marks, mask works, trade dress and copyrights for which each the Borrower is the registered owner (the "Owned Intellectual Property"). Except as disclosed on Schedule 5.11, (i) each the Borrower owns the Owned Intellectual Property free and clear of all restrictions (including covenants not to xxx sue a third party), court orders, injunctions, decrees, writs or Liens, whether by written agreement or otherwise, (ii) no xo Person other than each the Borrower owns or has been granted any right in the Owned Intellectual Property, (iii) all Owned Intellectual Property is valid, subsisting and enforceable and (iv) each the Borrower has taken all commercially reasonable action necessary to maintain and protect the Owned Intellectual Property.

Appears in 1 contract

Samples: Credit and Security Agreement (Pro Dex Inc)

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Owned Intellectual Property. Schedule 5.11 is a complete list of all patents, applications for patents, trademarks, applications for trademarks, service marks, applications for service marks, mask works, trade dress and copyrights for which each Borrower is the registered owner (the "Owned Intellectual Property"). Except as disclosed on Schedule 5.11, (i) each Borrower owns the Owned Intellectual Property free and clear of all restrictions (including covenants not to xxx a third party), court orders, injunctions, decrees, writs or Liens, whether by written agreement or otherwise, (ii) no Person other than each the Borrower owns or has been granted any right in the Owned Intellectual Property, (iii) all Owned Intellectual Property is valid, subsisting and enforceable and (iv) each the Borrower has taken all commercially reasonable action necessary to maintain and protect the Owned Intellectual Property.

Appears in 1 contract

Samples: Credit and Security Agreement (Zila Inc)

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