Common use of Security Interest in Patents Clause in Contracts

Security Interest in Patents. 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 hereby grants and conveys to the Secured Party a second and valid security interest in, with a power of sale to the extent permitted by law, 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 United States and foreign patents and all patent and design patent applications, and all issues, reissues, re-examinations, continuations, continuations-in-part or divisions thereof, and all proceeds thereof (hereinafter collectively referred to as the "Patents"). All unexpired patents and all currently pending patent applications owned or licensed (to the extent permitted by the applicable license) by the Debtor are listed on Schedule A attached hereto and made a part hereof. Subject to the provisions of Section 2(n), the Debtor hereby further grants, assigns and conveys to the Secured Party a second and valid security interest, having priority over all other security interests and with power of sale at any time, in all of the right, title and interest of the Debtor in and to all products, proceeds, income, royalties, damages and payments now or hereafter due and payable under or in respect of all Patents 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 Patents.

Security Interest in Patents. 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 Grantor hereby grants and conveys to the Secured Party Lender a second first and valid security interest in, with a power of sale to the extent permitted by law, all of its right, title and interest in the United States and throughout the world, in and to all of its the now owned and hereafter acquired United States and foreign patents and all patent and design patent applications, and all issues, reissues, re-examinations, continuations, continuations-in-part or divisions thereof, and all proceeds thereof (hereinafter collectively referred to as the "Patents"). All unexpired patents and all currently pending patent 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 A attached hereto and made a part hereof. Subject to the provisions of Section 2(n), the Debtor Grantor hereby further grants, assigns and conveys to the Secured Party Lender a second first and valid security interest, having priority over all other security interests and with power of sale at any timeinterests, in all of the right, title and interest of the Debtor Grantor in and to all products, proceeds, income, royalties, damages and payments now or hereafter due and payable under or in respect of all Patents 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 PartyLender's benefit damages and payments for past or future infringements of the Patents.

Security Interest in Patents. 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 Grantor hereby grants and conveys to the Secured Party Lender a second and valid security interest in, with a power of sale to the extent permitted by law, all of its right, title and interest in the United States and throughout the world, in and to all of its the now owned and hereafter acquired United States and foreign patents and all patent and design patent applications, and all issues, reissues, re-examinations, continuations, continuations-in-part or divisions thereof, and all proceeds thereof (hereinafter collectively referred to as the "Patents"). All unexpired patents and all currently pending patent 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 A attached hereto and made a part hereof. Subject to the provisions of Section 2(n), the Debtor Grantor hereby further grants, assigns and conveys to the Secured Party Lender a second and valid security interest, having priority over all other security interests and with power of sale at any time, interest in all of the right, title and interest of the Debtor Grantor in and to all products, proceeds, income, royalties, damages and payments now or hereafter due and payable under or in respect of all Patents 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 Patents.

Security Interest in Patents. 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 and conveys to the Secured Party Lender a second and valid security interest in, with a power of sale to the extent permitted by law, in all of its right, title and interest in the United States and throughout the worldworld in, in to and to under all of its the now owned and hereafter acquired United States and foreign patents and all patent and design patent applications, and all issues, reissues, re-examinations, continuations, continuations-in-part or divisions thereof, and all proceeds thereof (hereinafter collectively referred to as the "Patents"). All registered and unexpired patents and all currently pending patent applications owned or licensed with the U.S. Patent and Trademark Office (to the extent permitted by the applicable license"PTO") by the Debtor in which any Grantor has an interest are listed on Schedule SCHEDULE A 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, assigns and conveys to the Secured Party Lender a second and valid security interest, having priority over all other security interests and with power of sale at any time, interest in all of the right, title and interest of the Debtor such Grantor in and to all products, proceeds, income, royalties, damages and payments now or hereafter due and payable under or in respect of all Patents 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 Party's benefit damages and payments for past or future infringements infxxxgements of the Patents.

Security Interest in Patents. 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 Grantor hereby grants and conveys to the Secured Party Lender a second first and valid security interest in, with a power of sale to the extent permitted by law, all of its right, title and interest in the United States and throughout the world, in and to all of its the now owned and hereafter acquired United States and foreign patents and all patent and design patent applications, and all issues, reissues, re-examinations, continuations, continuations-in-part or divisions thereof, and all proceeds thereof (hereinafter collectively referred to as the "Patents"). All unexpired patents and all currently pending patent 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 A attached hereto and made a part hereof. Subject to the provisions of Section 2(n), the Debtor Grantor hereby further grants, assigns grants and conveys to the Secured Party Lender a second first and valid security interest, having priority over all other security interests and with power of sale at any timeinterests, in all of the right, title and interest of the Debtor Grantor in and to all products, proceeds, income, royalties, damages and payments now or hereafter due and payable under or in respect of all Patents 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 PartyLender's benefit damages and payments for past or future infringements of the Patents.