Examples of Existing Rights and Obligations in a sentence
Borrower assumes all obligations of the other Existing Borrowers with respect to the Existing Rights and Obligations.
After giving effect to the Assignment and the Assumption, the percentage of the Existing Rights and Obligations held by each Lender are as set forth in SCHEDULE 3 hereto (the "COMMITMENT PERCENTAGES").
Xxxxxxxxx XXXX agrees to notify in writing any purchaser, assignee or exclusive licensee of any Assigned IPR that such Assigned IPR is subject to the Existing Rights and Obligations prior to such assignment, conveyance, sale or transfer.
Any assignment, conveyance, sale or transfer by Spansion of any right, title or interest in or to each Assigned IPR, and any grant or other provision of any exclusive right or license by Spansion under or with respect to such Assigned IPR, in each case, shall be subject to the Existing Rights and Obligations under or with respect to such Assigned IPR.
Each Existing Lender represents and warrants to each Assignee Lender (a) that it holds good and valid title to the interests in the assigned Existing Rights and Obligations assigned pursuant to SECTION 1.1, and (b) that this Assignment is a valid and binding obligation of each such Existing Lender enforceable in accordance with its terms except as the enforceability thereof may be limited by bankruptcy, insolvency, or similar laws affecting creditors' rights generally.
Each Assignee Lender hereby assumes and agrees to timely perform in accordance with their terms for the benefit of each Existing Lender the applicable Specified Percentage of all obligations, undertakings, and commitments which are included in the Existing Rights and Obligations (the "ASSUMPTION").
Spansion agrees to notify in writing any purchaser, assignee or exclusive licensee of any Assigned IPR that such Assigned IPR is subject to the Existing Rights and Obligations prior to such assignment, conveyance, sale or transfer.
Any assignment, conveyance, transfer by Xxxxxxxxx XXXX of any right, title or interest in or to each Assigned IPR, and any grant or other provision of any exclusive right or license by Xxxxxxxxx XXXX under or with respect to such Assigned IPR, in each case, shall be subject to the Existing Rights and Obligations under or with respect to such Assigned IPR.