Common use of Restrictions on Future Agreements Clause in Contracts

Restrictions on Future Agreements. Each Grantor will not, except in accordance with its standard commercial practices, abandon any Patent or Mark in which such Grantor now owns or hereafter acquires any rightx xx interests if such abandonment could reasonably be expected to have a Material Adverse Effect or enter into any agreement, including, without limitation, any license agreement, which is inconsistent with such Grantor's obligations under this Agreement, if such actions could reasonably be expected to have a Material Adverse Effect. Each Grantor further agrees that it will not take any action, or permit any action to be taken by others subject to its control, including licensees, or fail to take any action which would customarily be taken by a Person in the same business and in similar circumstances as such Grantor, which could reasonably be expected to have a Material Adverse Effect.

Appears in 4 contracts

Samples: Agency, Guaranty and Security Agreement (DSL Net Inc), Reimbursement Agreement (DSL Net Inc), Agency, Guaranty and Security Agreement (DSL Net Inc)

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Restrictions on Future Agreements. Each Grantor will not, except in accordance with its standard commercial practices, abandon any Patent or Mark Xxxx in which such Grantor now owns or hereafter acquires any rightx xx rights or interests if such abandonment could reasonably be expected to have a Material Adverse Effect or enter into any agreement, including, without limitation, any license agreement, which is inconsistent with such Grantor's obligations under this Agreement, if such actions could reasonably be expected to have a Material Adverse Effect. Each Grantor further agrees that it will not take any action, or permit any action to be taken by others subject to its control, including licensees, or fail to take any action which would customarily be taken by a Person in the same business and in similar circumstances as such Grantor, which could reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Security Agreement (Vantagepoint Venture Partners 1996), Security Agreement (Columbia Capital LLC)

Restrictions on Future Agreements. Each Grantor will not, except in accordance with its standard commercial practiceswithout Bank's prior written consent, such consent not to be unreasonably withheld, abandon any Patent or Mark Mxxx in which such Grantor now owns or hereafter acquires any rightx xx rights or interests if such abandonment could reasonably be expected to have a Material Adverse Effect or enter into any agreement, including, without limitation, any license agreement, which is inconsistent with such Grantor's obligations under this Agreement, if such actions could reasonably be expected to have a Material Adverse Effect. Each Grantor further agrees that it will not take any action, or permit any action to be taken by others subject to its control, including licensees, or fail to take any action which would customarily be taken by a Person in the same business and in similar circumstances as such Grantor, which could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Security Agreement (Chadmoore Wireless Group Inc)

Restrictions on Future Agreements. Each Grantor will not, except in accordance with its standard commercial practiceswithout Lender's prior written consent, such consent not to be unreasonably withheld, abandon any Patent or Mark Xxxx in which such Grantor now owns or hereafter acquires any rightx xx rights or interests if such abandonment could reasonably be expected to have a Material Adverse Effect or enter into any agreement, including, without limitation, any license agreement, which is inconsistent with such Grantor's ’s obligations under this Agreement, if such actions could reasonably be expected to have a Material Adverse Effect. Each Grantor further agrees that it will not take any action, or permit any action to be taken by others subject to its control, including licensees, or fail to take any action which would customarily be taken by a Person in the same business and in similar circumstances as such Grantor, which could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Loan Agreement (Palm Inc)

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Restrictions on Future Agreements. Each Grantor will not, except in accordance with its standard commercial practiceswithout Lender's prior written consent, such consent not to be unreasonably withheld, abandon any Patent or Mark in which such Grantor now owns or hereafter acquires any rightx rights xx interests xnterests if such abandonment could reasonably be expected to have a Material Adverse Effect or enter into any agreement, including, without limitation, any license agreement, which is inconsistent with such Grantor's obligations under this Agreement, if such actions could reasonably be expected to have a Material Adverse Effect. Each Grantor further agrees that it will not take any action, or permit any action to be taken by others subject to its control, including licensees, or fail to take any action which would customarily be taken by a Person in the same business and in similar circumstances as such Grantor, which could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Security Agreement (Chadmoore Wireless Group Inc)

Restrictions on Future Agreements. Each Grantor will not, except in accordance with its standard commercial practices, abandon any Patent or Mark Mxxx in which such Grantor now owns or hereafter acquires any rightx xx rights or interests if such abandonment could reasonably be expected to have a Material Adverse Effect or enter into any agreement, including, without limitation, any license agreement, which is inconsistent with such Grantor's ’s obligations under this Agreement, if such actions could reasonably be expected to have a Material Adverse Effect. Each Grantor further agrees that it will not take any action, or permit any action to be taken by others subject to its control, including licensees, or fail to take any action which would customarily be taken by a Person in the same business and in similar circumstances as such Grantor, which could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Agency, Guaranty and Security Agreement (DSL Net Inc)

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