Material Trademark definition

Material Trademark means any Trademark of a Grantor that is material to the conduct of such Grantor’s business.

Material Trademark and "Material Copyright" shall mean one or more Copyrights, Patents or Trademarks, respectively, which individually has a fair market value in excess of $10,000 or are individually or in the aggregate otherwise material to the business of the Company. In the event that any right to any Copyright, Copyright License, Patent, Patent License, Trademark or Trademark License is infringed, misappropriated or diluted by a third party, the Company shall notify the Collateral Agent promptly after it learns thereof and shall, unless the Company shall reasonably determine that any such action would be of negligible economic value, promptly xxx for infringement, misappropriation or dilution and to recover any and all damages for such infringement, misappropriation or dilution, and take such other actions as the Company shall reasonably deem appropriate under the circumstances to protect such Copyright, Copyright License, Patent, Patent License, Trademark or Trademark License. In no event shall the Company, either itself or through any agent, employee or licensee, file an application for the registration of any Copyright with the United States Copyright Office or any Material Patent or Material Trademark with the United States Patent and Trademark Office, or with any similar office or agency in any other country or any political subdivision thereof, unless not less than 30 days prior thereto it informs the Collateral Agent, and, upon request of the Collateral Agent, executes and delivers any and all agreements, instruments, documents and papers the Collateral Agent may request to evidence the Security Interests in such Copyright, Patent or Trademark and the goodwill and general intangibles of the Company relating thereto or represented thereby, and the Company hereby constitutes the Collateral Agent its attorney-in-fact to execute and file all such writings for the foregoing purposes, all acts of such attorney being hereby ratified and confirmed; such power, being coupled with an interest, shall be irrevocable until the Secured Obligations are paid in full.

Material Trademark means a Trademark that is material to the business of any Credit Party or any of its Subsidiaries.

Examples of Material Trademark in a sentence

• Each Grantor further agrees not to abandon any Material Trademark or any Patent, Industrial Design, Copyright or Copyright License that in such Grantor’s reasonable business judgment is material to the operation of such Grantor’s business without the prior written consent of the Administrative Agent.

• Each Material Trademark Property is valid, subsisting and enforceable.

• Each Trademark, Registration or Trademark Right designated on Schedule I annexed hereto as a Material Trademark Property, and each other Trademark, Registration or Trademark Right hereafter arising or otherwise owned or held by any Grantor that is material to any of such Grantor's business or operations is referred to herein as a "Material Trademark Property".

• As of the Closing Date, Grantor is not aware of any pending or threatened claim by any third party that any Material Trademark Property is invalid or unenforceable or that the use of any Material Trademark Property violates the rights of any third person or of any basis for any such claim, and there is no such pending or, to the knowledge of Grantor, threatened claim that could reasonably be expected to have a Material Adverse Effect.

• No Grantor shall abandon any Material Trademark Property unless it is commercially reasonable in the judgment of such Grantor to do so.

More Definitions of Material Trademark

Material Trademark mean all Patents and Trademarks, respectively, that meet the criteria described in clauses (a) and (b) above.

Material Trademark means any Trademark owned by a Loan Party that is affixed or attached to, or otherwise required with respect to the sale of, Inventory of the Loan Parties having a gross book value in excess of $25,000,000.

Material Trademark means any Specified Trademark and any other Trademark, which any Debtor reasonably determines (i) to have a material fair market value or (ii) is necessary or desirable for the conduct of its business.

Material Trademark shall have the meaning assigned to it in Section 4.08(a)(i).

Material Trademark any Trademark the absence, abandonment or loss of which could reasonably be expected to result in a material adverse change in, or a material adverse effect on, the operations or financial condition of [●] and its Subsidiaries, or the Collateral taken as a whole.

Material Trademark as defined in Section 4.6(a).

Material Trademark means one or more Copyrights, Patents or Trademarks, respectively, which individually has a fair market value in excess of $250,000. In the event that any right to any Copyright, Copyright License, Patent, Patent License, Trademark or Trademark License is infringed, misappropriated or diluted by a third party and such infringement, misappropriation or dilution could reasonably be expected to have a Material Adverse Effect, the Borrower shall notify the Security Agent promptly after it learns thereof and shall promptly take any and all action that would be prudent and in the best interests of the Borrower as reasonably determined by the Borrower to be appropriate. The Borrower shall provide the Security Agent, on an annual basis, with a list of any applications for the registration of any Material Copyright with the United States Copyright Office Material Patent or Material Trademark with the United States Patent and Trademark Office filed by the Borrower and, upon request of the Security Agent, shall execute and deliver any and all agreements, instruments, documents and papers the Security Agent may request to evidence the Security Interests in such Material Patent or Material Trademark and the goodwill and general intangibles of the Borrower relating thereto or represented thereby.