Royalties; Terms. The term of this Security Agreement shall extend until the earlier of (i) the expiration of each of the Patents, and (ii) the payment and satisfaction in full of the Liabilities and the termination of the Financing Agreements. Grantor agrees that, during the continuance of an Event of Default, the use by Agent of all Patents shall be without any liability for royalties or other related charges from Agent to Grantor.
Royalties; Terms. The term of the mortgages granted herein shall extend until the earlier of (i) the expiration of each of the respective Patents, Trademarks and Licenses assigned hereunder, and (ii) the payment in full of all Obligations and the termination of the Loan Agreements. Mortgagor agrees that upon the occurrence of an Event of Default, the use by Mortgagee of all Patents, Trademarks and Licenses shall be worldwide, except as limited by their terms, and without any liability for royalties or other related charges from Mortgagee to Mortgagor.
Royalties; Terms. Assignor hereby agrees that the use by Assignee of the Patent Rights shall be worldwide and without any liability for royalties or other related charges from Assignee to Assignor. The term of the assignments granted herein shall extend until the earlier of (1) the expiration of all Patent Rights or (2) payment in full of the Obligations and termination of the Loan Agreement.
Royalties; Terms. Assignor hereby agrees that the use by the Assignee of all Patents, Marks, Copyrights and Licenses as described above shall be worldwide (or in the case of the Patents, Marks and Copyrights licensed to Assignor such smaller geographic location if any is specified for Assignor's use in the applicable License) and without any liability for royalties or other related charges from the Assignee to Assignor. The term of the assignments granted herein shall extend until the earlier of (i) the expiration of each of the respective Patents, Marks, Copyrights and Licenses assigned hereunder, or (ii) satisfaction in full of the Obligations and termination of the Credit Agreement.
Royalties; Terms. The term of this Security Agreement shall extend until the earlier of (i) the expiration of each of the Patents, and (ii) the payment in full of Company's Liabilities and the termination of the Financing Agreements. Company agrees that upon the occurrence of an Event of Default, the use by Agent of all Patents shall be without any liability for royalties or other related charges from Agent to Company.
Royalties; Terms. The term of this Security Agreement shall extend until the earlier of (i) the expiration of each of the Patents and (ii) the payment in full of Borrower’s Liabilities and the termination of the Loan Documents. Pledgor agrees that upon the occurrence of an Event of Default, the use by Pledgee of all Patents shall be without any liability for royalties or other related charges from Pledgee to Pledgor.
Royalties; Terms. The Grantor hereby agrees that the Bank's rights in all Copyrights shall be to the full extent of the Grantor's rights therein, and shall be without any liability for royalties or other related charges from the Bank to the Grantor. The term of the Bank's security interest in the Copyrights shall extend until such time as all of the Obligations have been paid in full.
Royalties; Terms. Each Grantor hereby agrees that the use by the Agent (for itself and the benefit of the Lenders) of all Patents, Licenses, Trademarks and Copyrights of such Grantor as described above shall be worldwide and without any liability for royalties or other related charges from the Agent or the Lenders to such Grantor. The security interest granted herein and the rights associated therewith shall extend until the earlier of (i) the expiration of each of the respective Patents, Licenses, Trademarks and Copyrights assigned hereunder or (ii) the Obligations have been satisfied in full and the Credit Agreement and all Other Documents have been terminated.
Royalties; Terms. Borrower hereby agrees that any rights granted hereunder to use by Lender with respect to all Collateral as described above shall be worldwide and without any liability for royalties or other related charges from Lender to Borrower. The term of the assignments of security interest granted herein shall extend until the earlier of (i) the expiration or termination of each of the Trademarks assigned hereunder or (ii) all Liabilities have been paid in full and the Loan and Security Agreement has been terminated.
Royalties; Terms. Neither the Security Interest granted herein, nor the exercise by Secured Party of any of its rights under this Agreement, shall (a) impose on Secured Party any liability to Debtor for royalties or other similar charges, or (b) be limited geographically. The term of the Security Interest granted herein shall extend until the earlier of (i) the expiration of each of the respective Patents, Trademarks and Copyrights included within the Collateral, or (ii) the date the Obligations have been paid in full or the Collateral has been retained in satisfaction thereof.
