Common use of Restrictions on Future Agreements Clause in Contracts

Restrictions on Future Agreements. Borrower will not, without Lender’s prior written consent, enter into any agreement, including, without limitation, any license agreement, which is inconsistent with this Agreement, and Borrower further agrees that it will not take any action, and will use its best efforts not to permit any action to be taken by others subject to its control, including licensees, or fail to take any action, which would in any material respect affect the validity or enforcement of the rights transferred to Lender under this Agreement or the rights associated with those Patents which are material to the operation of Borrower’s business.

Appears in 2 contracts

Samples: Senior Subordinated Patent and License Security Agreement (Pw Eagle Inc), Junior Subordinated Patent and License Security Agreement (Pw Eagle Inc)

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Restrictions on Future Agreements. Borrower will not, without --------------------------------- Lender’s 's prior written consent, enter into any agreement, including, without limitation, any license agreement, which is inconsistent with this Agreement, and Borrower further agrees that it will not take any action, and will use its best efforts not to permit any action to be taken by others subject to its controlothers, including including, without limitation, licensees, or fail to take any action, which would in any material respect affect the validity or enforcement of the rights transferred to Lender under this Agreement or the rights associated with those Patents which are material to the operation of Borrower’s businessCopyrights or Licenses.

Appears in 2 contracts

Samples: Loan and Security Agreement (Visual Numerics Inc), Copyright Security Agreement (Visual Numerics Inc)

Restrictions on Future Agreements. Borrower will not, without Lender’s prior written consent, enter into any agreement, including, without limitation, any license agreement, which is inconsistent with this Agreement, and Borrower further agrees that it will not take any action, and will use its best efforts not to permit any action to be taken by others subject to its control, including licensees, or fail to take any action, which would in any material respect affect the validity or enforcement of the rights transferred to Lender under this Agreement or the rights associated with those Patents Trademarks which are material to the operation of Borrower’s business.

Appears in 2 contracts

Samples: Junior Subordinated Trademark and License Security Agreement (Pw Eagle Inc), Senior Subordinated Trademark and License Security Agreement (Pw Eagle Inc)

Restrictions on Future Agreements. Borrower will not, without Lender’s the Agent's prior written consent, enter into any agreement, including, without limitation, any license agreement, which is inconsistent with this Agreement, and Borrower further agrees that it will not take any action, and will use its best efforts not to permit any action to be taken by others subject to its controlothers, including including, without limitation, licensees, or fail to take any action, which would in any material respect materially affect the validity or enforcement of the rights transferred to Lender the Agent under this Agreement or the rights associated with those Patents which are material to the operation of Borrower’s businessTrademarks or Licenses.

Appears in 1 contract

Samples: Trademark Security Agreement (Gfsi Inc)

Restrictions on Future Agreements. Borrower will not, without --------------------------------- Lender’s 's prior written consent, enter into any agreement, including, without limitation, any license agreement, which is inconsistent with this Agreement, and Borrower further agrees that it will not take any action, and will use its best efforts not to permit any action to be taken by others subject to its controlothers, including including, without limitation, licensees, or fail to take any action, which would in any material respect affect the validity or enforcement of the rights transferred to Lender under this Agreement or the rights associated with those Patents which are material to the operation of Borrower’s businessTrademarks or Licenses.

Appears in 1 contract

Samples: Trademark Security Agreement (Visual Numerics Inc)

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Restrictions on Future Agreements. The Borrower agrees that it will not, without Lender’s the Agent's prior written consent, enter into any agreement, including, without limitation, any license agreement, which is inconsistent with this Agreement, and the Borrower further agrees that it will not take any action, and will use its best efforts not to permit any action to be taken by others subject to its control, including including, without limitation, licensees, or fail to take any action, which would in any material respect affect the validity or enforcement of the rights transferred to Lender the Agent under this Agreement or the rights associated with those Patents which are material to the operation of Borrower’s businessTrademarks.

Appears in 1 contract

Samples: Trademark Security Agreement (Thomaston Mills Inc)

Restrictions on Future Agreements. Borrower will not, without Lender’s 's prior written consent, enter into any agreement, agreement including, without limitation, any license agreement, which is inconsistent with this Agreement, and Borrower further agrees that it will not take any action, and will use its best efforts not to permit any action to be taken by others subject to its controlothers, including including, without limitation, licensees, or fail to take any action, which would in any material respect affect the validity or enforcement of the rights transferred to Lender under this Agreement or the rights associated with those Patents which are material to the operation of Borrower’s businessCollateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Sentry Technology Corp)

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