Common use of RATIFICATION OF IP AGREEMENTS Clause in Contracts

RATIFICATION OF IP AGREEMENTS. Borrower hereby ratifies, confirms and reaffirms, all and singular, the terms and conditions of each IP Agreement, and acknowledges, confirms and agrees that each respective IP Agreement contains an accurate and complete listing of all Intellectual Property Collateral as defined in each such IP Agreement as otherwise supplemented by the Loan Agreement and any Perfection Certificate related thereto, shall remain in full force and effect. Notwithstanding the terms and conditions of each IP Agreement, the Borrower shall not register any Copyrights or Mask Works in the United States Copyright Office unless it: (i) has given at least fifteen (15) days’ prior-written notice to Bank of its intent to register such Copyrights or Mask Works and has provided Bank with a copy of the application it intends to file with the United States Copyright Office (excluding exhibits thereto); (ii) executes a security agreement or such other documents as Bank may reasonably request in order to maintain the perfection and priority of Bank’s security interest in the Copyrights proposed to be registered with the United States Copyright Office; and (iii) records such security documents with the United States Copyright Office contemporaneously with filing the Copyright application(s) with the United States Copyright Office. Borrower shall promptly provide to Bank a copy of the Copyright application(s) filed with the United States Copyright Office, together with evidence of the recording of the security documents necessary for Bank to maintain the perfection and priority of its security interest in such Copyrights or Mask Works. Borrower shall provide written notice to Bank of any application filed by Borrower in the United States Patent Trademark Office for a patent or to register a trademark or service xxxx within fifteen (15) days of any such filing.

Appears in 4 contracts

Samples: Loan Modification Agreement (Global Telecom & Technology, Inc.), Loan Modification Agreement (Global Telecom & Technology, Inc.), Loan Modification Agreement (Global Telecom & Technology, Inc.)

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RATIFICATION OF IP AGREEMENTS. Borrower hereby ratifies, confirms and reaffirms, all and singular, the terms and conditions of each the IP AgreementAgreements, and acknowledges, confirms and agrees that each respective said IP Agreement contains Agreements, as modified by certain disclosures made by Borrower to Bank through and including the date hereof, contain an accurate and complete listing of all Intellectual Property Collateral as defined in each such respective IP Agreement as otherwise supplemented by the Loan Agreement Agreement, and any Perfection Certificate related thereto, shall remain each remains in full force and effect. Notwithstanding the terms and conditions of each any of the IP AgreementAgreements, the Borrower shall not register any Copyrights or Mask Works in the United States Copyright Office unless it: (i) has given at least fifteen (15) days’ prior-prior written notice to Bank of its intent to register such Copyrights or Mask Works and has provided Bank with a copy of the application it intends to file with the United States Copyright Office (excluding exhibits thereto); (ii) executes a security agreement or such other documents as Bank may reasonably request in order to maintain the perfection and priority of Bank’s security interest in the Copyrights proposed to be registered with the United States Copyright Office; and (iii) records such security documents with the United States Copyright Office contemporaneously with filing the Copyright application(s) with the United States Copyright Office. Borrower shall promptly provide to Bank a copy of the Copyright application(s) filed with the United States Copyright Office, together with evidence of the recording of the security documents necessary for Bank to maintain the perfection and priority of its security interest in such Copyrights or Mask Works. Borrower shall provide written notice to Bank of any application filed by Borrower in the United States Patent Trademark Office for a patent or to register a trademark or service xxxx within fifteen thirty (1530) days of any such filing.

Appears in 4 contracts

Samples: Loan Modification Agreement (Luna Innovations Inc), Loan Modification Agreement (Luna Innovations Inc), Loan Modification Agreement (Luna Innovations Inc)

RATIFICATION OF IP AGREEMENTS. Borrower hereby ratifies, confirms and reaffirms, all and singular, the terms and conditions of each the IP AgreementAgreements, and acknowledges, confirms and agrees that each respective said IP Agreement contains Agreements contain an accurate and complete listing of all Intellectual Property Collateral as defined in each such respective IP Agreement as otherwise supplemented by the Loan Agreement Agreement, and any Perfection Certificate related thereto, shall remain each remains in full force and effect. Notwithstanding the terms and conditions of each any of the IP AgreementAgreements, the Borrower shall not register any Copyrights or Mask Works in the United States Copyright Office unless it: (i) has given at least fifteen (15) days’ prior-prior written notice to Bank of its intent to register such Copyrights or Mask Works and has provided Bank with a copy of the application it intends to file with the United States Copyright Office (excluding exhibits thereto); (ii) executes a security agreement or such other documents as Bank may reasonably request in order to maintain the perfection and priority of Bank’s security interest in the Copyrights proposed to be registered with the United States Copyright Office; and (iii) records such security documents with the United States Copyright Office contemporaneously with filing the Copyright application(s) with the United States Copyright Office. Borrower shall promptly provide to Bank a copy of the Copyright application(s) filed with the United States Copyright Office, together with evidence of the recording of the security documents necessary for Bank to maintain the perfection and priority of its security interest in such Copyrights or Mask Works. Borrower shall provide written notice to Bank of any application filed by Borrower in the United States Patent Trademark Office for a patent or to register a trademark or service xxxx within fifteen thirty (1530) days of any such filing.

Appears in 3 contracts

Samples: Loan Modification Agreement (Luna Innovations Inc), Loan Modification Agreement (Luna Innovations Inc), Loan Modification Agreement (Luna Innovations Inc)

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RATIFICATION OF IP AGREEMENTS. Other than with respect to the Purchased Assets being released herein, Borrower hereby ratifies, confirms and reaffirms, all and singular, the terms and conditions of each the IP AgreementAgreements, and acknowledges, confirms and agrees that each respective said IP Agreement contains Agreements, as modified by certain disclosures made by Borrower to Bank through and including the date hereof, contain an accurate and complete listing of all Intellectual Property Collateral as defined in each such respective IP Agreement as otherwise supplemented by the Loan Agreement Agreement, and any Perfection Certificate related thereto, shall remain each remains in full force and effect. Notwithstanding the terms and conditions of each any of the IP AgreementAgreements, the Borrower shall not register any Copyrights or Mask Works in the United States Copyright Office unless it: (i) has given at least fifteen (15) days’ prior-prior written notice to Bank of its intent to register such Copyrights or Mask Works and has provided Bank with a copy of the application it intends to file with the United States Copyright Office (excluding exhibits thereto); (ii) executes a security agreement or such other documents as Bank may reasonably request in order to maintain the perfection and priority of Bank’s security interest in the Copyrights proposed to be registered with the United States Copyright Office; and (iii) records such security documents with the United States Copyright Office contemporaneously with filing the Copyright application(s) with the United States Copyright Office. Borrower shall promptly provide to Bank a copy of the Copyright application(s) filed with the United States Copyright Office, together with evidence of the recording of the security documents necessary for Bank to maintain the perfection and priority of its security interest in such Copyrights or Mask Works. Borrower shall provide written notice to Bank of any application filed by Borrower in the United States Patent Trademark Office for a patent or to register a trademark or service xxxx within fifteen thirty (1530) days of any such filing.

Appears in 1 contract

Samples: Loan Modification Agreement (Luna Innovations Inc)

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