Common use of Security Interest in Copyrights Clause in Contracts

Security Interest in Copyrights. To secure the payment and performance of all of the Obligations, the Debtor hereby grants to the Secured Party a first and valid security interest in all of its right, title and interest, in the United States and throughout the world, in and to all of its now owned and hereafter acquired copyrights, and all registrations and applications to register the same, all renewals thereof, any written agreement, naming the Debtor as licensor or licensee, granting any right under any copyright, any work which is or may be subject to copyright protection pursuant to Title 17 of the U.S. Code, and all physical things embodying such works (including, without limitation, copies thereof) created or otherwise used in the business of the Debtor, and all proceeds thereof (hereinafter collectively referred to as the "Copyrights"). All copyright registrations and all currently pending copyright applications owned or licensed (to the extent permitted by the applicable license) by the Debtor are listed on Schedule C attached hereto and made a part hereof. Subject to the provisions of Section 2(n), the Debtor hereby further grants to the Secured Party a second and valid security interest in all of its right, title and interest in and to all products, proceeds, income, royalties, damages and payments now and hereafter due and payable under or in respect of all Copyrights and, subject to the provisions of Section 2(n), in and to all rights during the term of this Agreement to xxx, collect and retain for the Secured Party's benefit damages and payments for past or future infringements of the Copyrights.

Appears in 2 contracts

Samples: Loan Agreement (Conductus Inc), Master Loan and Security Agreement (Conductus Inc)

AutoNDA by SimpleDocs

Security Interest in Copyrights. To secure the full and prompt payment and performance when due (whether at stated maturity, by acceleration or otherwise) of all of the Obligations, the Debtor each Grantor hereby grants to the Secured Party Lender, a first and valid security interest in all of its right, title and interest, interest in the United States and throughout the worldworld in, in to and to under all of its now owned and hereafter acquired copyrights, and all registrations and applications to register the same, all renewals thereof, any written agreement, naming the Debtor any Grantor as licensor or licensee, granting any right under any copyright, copyright any work which is or may be subject to copyright protection pursuant to Title 17 of the U.S. Code, and all physical things embodying such works (including, without limitation, copies thereof) created or otherwise used in the business of the Debtorany Grantor, and all proceeds thereof (hereinafter collectively referred to as the "CopyrightsCOPYRIGHTS"). All copyright registrations and all currently pending copyright applications owned or licensed (to with the extent permitted by the applicable license) by the Debtor United States Copyright Office in which a Grantor has an interest are listed on Schedule C attached hereto and made a part hereofopposite such Grantor's name. Subject to the provisions of Section 2(n), the Debtor Each Grantor hereby further grants to the Secured Party Lender, a second and valid security interest in all of its right, title and interest in and to all products, proceeds, income, royalties, damages and payments now and hereafter due and payable under or in respect of all Copyrights and, subject to the provisions of Section 2(n), and in and to all rights during the term of this Agreement to xxxsue, collect and retain for the Secured PartyLender's benefit damages and payments paymenxx for past or future infringements of the Copyrights.

Appears in 1 contract

Samples: Intellectual Property Security Agreement (SLM Holdings, Inc.)

AutoNDA by SimpleDocs

Security Interest in Copyrights. To secure the payment and performance of all of the Obligations, the Debtor Grantor hereby grants to the Secured Party Lender a first and valid security interest in all of its right, title and interest, in the United States and throughout the world, in and to all of its now owned and hereafter acquired copyrights, and all registrations and applications to register the same, all renewals thereof, any written agreement, naming the Debtor Grantor as licensor or licensee, granting any right under any copyright, any work which is or may be subject to copyright protection pursuant to Title 17 of the U.S. Code, and all physical things embodying such works (including, without limitation, copies thereof) created or otherwise used in the business of the DebtorGrantor, and all proceeds thereof (hereinafter collectively referred to as the "Copyrights"). All copyright registrations and all currently pending copyright applications owned or licensed (to in which the extent permitted by the applicable license) by the Debtor Grantor has an interest are listed on Schedule C attached hereto and made a part hereof. Subject to the provisions of Section 2(n), the Debtor Grantor hereby further grants to the Secured Party Lender a second and valid security interest in all of its right, title and interest in and to all products, proceeds, income, royalties, damages and payments now and hereafter due and payable under or in respect of all Copyrights and, subject to the provisions of Section 2(n), in and to all rights during the term of this Agreement to xxxsue, collect and retain for the Secured PartyLender's benefit damages and payments for past or future infringements of the Copyrights.

Appears in 1 contract

Samples: Loan Agreement (Abovenet Communications Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!