Common use of Protection and Registration of Intellectual Property Rights Clause in Contracts

Protection and Registration of Intellectual Property Rights. Protect, defend and maintain the validity and enforceability of each Borrower’s Intellectual Property; (ii) promptly advise Bank in writing of infringements of its Intellectual Property that become known to any Borrower and that would reasonably be expected to result in a material adverse effect on any Borrower (Borrowers acknowledges that the contents of any such notice may be limited as necessary, upon advice of counsel, to protect the attorney client privilege); and (iii) not allow any Intellectual Property material to any Borrower’s business to be abandoned, forfeited or dedicated to the public without Bank’s written consent.

Protection and Registration of Intellectual Property Rights. Protect, defend and maintain the validity and enforceability of each Borrower’s Borrowers’ Intellectual Property; (ii) promptly advise Bank in writing of infringements of its Intellectual Property that become known to any Borrower the Borrowers and that would reasonably be expected to result in a material adverse effect on any a Borrower (Borrowers acknowledges acknowledge that the contents of any such notice may be limited as necessary, upon advice of counsel, to protect the attorney client privilege); and (iii) not allow any Intellectual Property material to any a Borrower’s business to be abandoned, forfeited or dedicated to the public without Bank’s written consent.

Protection and Registration of Intellectual Property Rights. Protect, defend and maintain the validity and enforceability of each Borrower’s Intellectual Property; (ii) promptly advise Bank in writing of infringements of its Intellectual Property that become known to any the Borrower and that would reasonably be expected to result in a material adverse effect on any Borrower (Borrowers Borrower acknowledges that the contents of any such notice may be limited as necessary, upon advice of counsel, to protect the attorney client privilege); and (iii) not allow any Intellectual Property material to any Borrower’s business to be abandoned, forfeited or dedicated to the public without Bank’s written consent.