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

Protection and Registration of Intellectual Property Rights. (i) Take such action as, in its reasonable business judgment, it deems necessary to protect, defend and maintain the validity and enforceability of its Material Intellectual Property; (ii) promptly advise Bank in writing of material infringements of its Material Intellectual Property; and (iii) take any action or omit to take any action which would reasonably be expected to result in any Material Intellectual Property being abandoned, forfeited or dedicated to the public without Bank’s written consent.

Protection and Registration of Intellectual Property Rights. (i) Take such action as, in its reasonable business judgment, it deems necessary to protectProtect, defend and maintain the validity and enforceability of its Material Intellectual Property; (ii) promptly advise Bank in writing of material infringements or any other event that could reasonably be expected to materially and adversely affect the value of its Material Intellectual Property; and (iii) take not allow any action or omit to take any action which would reasonably be expected to result in any Material Intellectual Property being material to Borrower’s or any Guarantor’s business to be abandoned, forfeited or dedicated to the public without Bank’s written consent.

Protection and Registration of Intellectual Property Rights. (i) Take such action as, in its reasonable business judgment, it deems necessary to protectProtect, defend and maintain the validity and enforceability of its Material Intellectual PropertyProperty material to Borrower’s business; (ii) promptly advise Bank in writing of material infringements or any other event that could reasonably be expected to materially and adversely affect the value of its Material Intellectual Property; and (iii) take not allow any action or omit to take any action which would reasonably be expected to result in any Material Intellectual Property being material to Borrower’s business to be abandoned, forfeited or dedicated to the public without Bank’s written consent.