Examples of Intellectual Property or IP in a sentence
Other than the security interest granted to the Lender hereunder and under the other Loan Documents and Permitted Encumbrances, IP Owners have not pledged, assigned, sold, or granted a security interest in Intellectual Property or IP Licenses to any party, except as shall have been released or terminated.
To Borrower’s Knowledge, other than the security interest granted to Mortgage Borrower under the CPLV IP Security Agreement, the CPLV Trademark Security Agreement and to Mortgage Lender under the Mortgage Loan Agreement and under the IP Security Agreement and Permitted Encumbrances, IP Owner has not pledged, assigned, sold, or granted a security interest in CPLV Intellectual Property or IP Licenses to any party.
Borrower shall provide such notice to Administrative Agent promptly upon the acquisition of such Intellectual Property or IP License.
Notwithstanding the foregoing, nothing in this Agreement (including Article IV) shall (i) prohibit the acquisition or Disposition of any Intellectual Property or IP Collateral permitted (or required) to be acquired or Disposed of pursuant to the Credit Agreement, (ii) require the acquisition or disposition of any Intellectual Property or IP Collateral prohibited from being acquired or Disposed of pursuant to the Credit Agreement, or (iii) prohibit the license granted pursuant to Section 4.01.
Assignors shall provide such notice to Assignee no later than the end of the calendar quarter in which Assignors’ acquisition of such Intellectual Property or IP License occurred.