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 Grantor hereby grants and conveys to the Lender a 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 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"
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Samples: Master Loan and Security Agreement (Cardima Inc), Intellectual Property Security Agreement (Paradigm Genetics Inc)
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 each Grantor hereby grants and conveys to the Lender a first 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 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"
Appears in 1 contract
Samples: Intellectual Property Security Agreement (SLM Holdings, Inc.)
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 Grantor hereby grants and conveys to the Lender a 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 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"
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