Common use of Royalties; Terms Clause in Contracts

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 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 Borrower’s liabilities and the termination of the Financing AgreementsAgreement and Note. Grantor Borrower agrees that, during that upon the continuance occurrence of an Event of Default, the use by Agent Lenders of all Patents shall be without any liability for royalties or other related charges from Agent Lenders to GrantorBorrower.

Royalties; Terms. The term of this Security Agreement shall extend until the earlier of (ia) the expiration of each of the patents and patent applications constituting Patents, and (iib) the payment and satisfaction in full of the Liabilities Obligations and the termination of the Financing AgreementsLoan Agreement. Grantor agrees that, that following the occurrence and during the continuance of an Event of DefaultDefault under the Loan Agreement, the use by Agent Bank (consistent with its role and rights as a secured party) of all Patents shall be without any liability for royalties or other related charges from Agent Bank to Grantor.

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 Collateral Agent to Grantor.

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 AgreementsLiabilities. Grantor agrees that, during the continuance of an Event of Default, the use by the Collateral Agent of all Patents shall be without any liability for royalties or other related charges from Collateral Agent to Grantor.

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 Borrower's Liabilities and the termination of the Financing Agreements. Grantor Borrower agrees that, during that upon the continuance occurrence of an Event of Default, the use by Agent Lender of all Patents shall be without any liability for royalties or other related charges from Agent Lender to GrantorBorrower.

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 AgreementsLiabilities. Grantor agrees that, during the continuance of an Event of Default, the use by Collateral Agent of all Patents shall be without any liability for royalties or other related charges from Collateral Agent to Grantor.

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 Borrower's Liabilities and the termination of the Financing Agreements. Grantor Borrower agrees that, during that upon the continuance 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 GrantorBorrower.