Common use of Prosecution of Patent Application Clause in Contracts

Prosecution of Patent Application. At its own expense, each Debtor shall diligently prosecute all applications for Patents listed as being owned by it in Schedule 3 hereto and shall not abandon any such application prior to exhaustion of all reasonable administrative and judicial remedies, 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.

Appears in 4 contracts

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

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Prosecution of Patent Application. At its own expense, each the Debtor shall diligently prosecute all applications for Patents listed as being owned by it in Schedule 3 III hereto and shall not abandon any such application prior to exhaustion of all reasonable administrative and judicial remedies, 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.good

Appears in 1 contract

Samples: Credit Agreement (Healthcor Holdings Inc)

Prosecution of Patent Application. At its own expense, each the --------------------------------- Debtor shall diligently prosecute all applications for Patents listed as being owned by it in Schedule 3 5 hereto and shall not abandon any such application ---------- prior to exhaustion of all reasonable administrative and judicial remedies, 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.

Appears in 1 contract

Samples: Credit Agreement (Global Industrial Technologies Inc)

Prosecution of Patent Application. At its own expense, each --------------------------------- Debtor shall diligently prosecute all applications for Patents listed as being owned by it in Schedule 3 5 hereto and shall not abandon any such application ---------- prior to exhaustion of all reasonable administrative and judicial remedies, 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.

Appears in 1 contract

Samples: Credit Agreement (Global Industrial Technologies Inc)

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Prosecution of Patent Application. At its own expense, each Debtor shall diligently prosecute all applications for Patents listed as being owned by it in Schedule 3 III hereto and shall not abandon any such application prior to exhaustion of all reasonable administrative and judicial remedies, 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 Effectmaterial adverse effect on the business, condition (financial or otherwise), operations, prospects or properties of such Debtor.

Appears in 1 contract

Samples: Credit Agreement (Healthcor Holdings Inc)

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