Eligible Trademarks definition

Eligible Trademarks means, at any time, the Trademarks of a Loan Party which the Administrative Agent determines in its Permitted Discretion are eligible as the basis for the extension of Revolving Loans, Swingline Loans and the issuance of Letters of Credit hereunder. Without limiting the Administrative Agent’s Permitted Discretion as provided herein, Eligible Trademarks shall not include any Trademark:

Eligible Trademarks means, at any particular date, (a) all United States registered trademarks and trademark applications owned by TBG (and all United States registered copyrights related thereto and used in connection therewith) and all United States registered trademarks and trademark applications owned by Sugartown (and all United States registered copyrights related thereto and used in connection therewith), (b) at the option of the Borrowers, any other United States registered trademarks or trademark applications owned by any Borrower Party and (c) at the option of the Borrowers, any trademarks or trademark applications owned by any Borrower Party and registered in the Canadian Intellectual Property Office, in each case, that satisfies the following criteria at the time of determination: (i) the Administrative Agent shall have been granted a first priority lien on such trademarks, trademark applications and copyrights and (ii) the Administrative Agent shall have received appraisals of such trademarks, trademark applications and copyrights in form and substance reasonably satisfactory to the Administrative Agent completed within one month prior to, on, or after the Agreement Date by an appraiser selected by the Administrative Agent and such annual appraisals, if any, of such trademarks, trademark applications and copyrights as are required pursuant to Section 6.7.

Eligible Trademarks means, as of any date of determination, the trademarks that have been identified as “Eligible Trademarks” by the Company and the Administrative Agent and that constitute Collateral and in which the Collateral Trustee has a valid, perfected and enforceable security interest that ranks prior to all Liens other than Customary Permitted Liens and Additional Intangible Temporary Permitted Liens. For the avoidance of doubt, the Company and the Administrative Agent have identified the trademarks listed or otherwise described in the Security Agreement and the Trademark Security Agreement, as “Eligible Trademarks” for purposes of the foregoing.

Examples of Eligible Trademarks in a sentence

• The Sunrise Phase provides holders of Eligible Trademarks with the opportunity to apply for and register Domain Names that correspond with such trademarks, as set out in this Chapter.

• As to trademarks and trademark applications that were included by such Borrower Party as Eligible Trademarks in the most recent Borrowing Base Certificate submitted to the Administrative Agent by the Administrative Borrower, such trademarks and trademark applications constituted Eligible Trademarks as of the date of such Borrowing Base Certificate.

• The full committee, the Director of CCEE Graduate Programs, and Graduate Studies must approve the Application for Candidacy Form.

• As to each Trademark that is identified by any Borrower as Eligible Trademarks in a Borrowing Base Certificate submitted to Agent, such Trademarks, to the extent that any officer of any Loan Party has knowledge or reasonably should have had knowledge, is not excluded as ineligible by virtue of one or more of the excluding criteria (other than Agent discretionary criteria) set forth in the definition of Eligible Trademarks.

• To the extent that an event, condition or matter as to any Eligible Accounts, Eligible Inventory, Eligible In-Transit Inventory, Eligible Trademarks or Eligible Real Property is addressed pursuant to the treatment thereof within the applicable definitions of such terms, Agent shall not also establish a reserve to address the same event, condition or matter.

More Definitions of Eligible Trademarks

Eligible Trademarks means those registered trademarks owned by the Borrowers, free and clear of any Liens and adverse claims, and listed on Schedule 1.1A hereto.

Eligible Trademarks means the Trademarks registered under the laws of the United States owned by any Loan Party organized under the laws of any jurisdiction in the United States and included in the most recent appraisal of Trademarks received by Agent prior to the Closing Date, which complies with each of the representations and warranties respecting Eligible Trademarks made in the Loan Documents, and that is not excluded as ineligible pursuant to one or more of the criteria set forth below. In general, such Trademarks shall be Eligible Trademarks if: