Common use of Restrictions on Future Agreements Clause in Contracts

Restrictions on Future Agreements. Subject to the terms hereof and --------------------------------- of the Loan Agreement, the Grantor shall be permitted to manage, license and administer its Copyrights, Patents and Marks in such manner as the Grantor in its reasonable business judgment deems desirable; provided, however, that the -------- ------- Grantor will not, without the Agent's prior written consent, (a) enter into any copyright license agreements or (b) take any action, or permit any action to be taken by others, including, without limitation, licensees, or fail to take any action, which would customarily be taken by a Person in the same business and in similar circumstances as the Grantor.

Appears in 2 contracts

Samples: Security Agreement (Entravision Communications Corp), Security Agreement (Entravision Communications Corp)

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Restrictions on Future Agreements. Subject to the terms hereof and of --------------------------------- of the Loan Credit Agreement, the each Grantor shall be permitted to manage, license and administer its Copyrights, Patents and Marks in such manner as the each Grantor in its reasonable business judgment deems desirable; provided, however, that the no -------- ------- Grantor will notwill, without the Agent's prior written consent, (a) enter into any copyright license agreements or (b) take any action, or permit any action to be taken by others, including, without limitation, licensees, or fail to take any action, which would customarily be taken by a Person in the same business and in similar circumstances as the such Grantor.

Appears in 2 contracts

Samples: Security Agreement (Entravision Communications Corp), Security Agreement (Entravision Communications Corp)

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Restrictions on Future Agreements. Subject to the terms hereof and --------------------------------- of the Loan Agreement, the each Grantor shall be permitted to manage, license and administer its Copyrights, Patents and Marks Copyrights in such manner as the such Grantor in its reasonable business judgment deems desirable; provided, however, that the -------- ------- such Grantor will not, without the Agent's Lender’s prior written consent, (ai) abandon any Copyright in which such Grantor now owns or hereafter acquires any rights or interests, (ii) enter into any copyright license agreements or (biii) fail to take any action, or permit any action others (including licensees) to be taken by others, including, without limitation, licensees, or fail to take any action, which would customarily be taken by a Person in the same business and in similar circumstances as the such Grantor.

Appears in 1 contract

Samples: Security Agreement (Physicians Formula Holdings, Inc.)

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