Examples of Pledged IP in a sentence
Each Pledgor shall have the right to commence and prosecute in its own name, as the party in interest, for its own benefit and at the sole cost and expense of the Pledgors, such applications for protection of the Pledged IP Collateral and suits, proceedings or other actions to prevent the infringement, counterfeiting, unfair competition, dilution, diminution in value or other damage as are necessary to protect the Pledged IP Collateral.
Upon the occurrence and during the continuance of any Event of Default, the Administrative Agent shall have the right but shall in no way be obligated to file applications for protection of the Pledged IP Collateral to enforce the Pledged IP Collateral and any license thereunder.
Each Pledgor may modify this Agreement by amending Schedule 3 hereto to include any Pledged IP Collateral of such Pledgor acquired or arising after the date hereof in accordance with the terms of Section 5.01(f) of the Credit Agreement.
Without limiting the generality of the foregoing, each Pledgor agrees to execute and deliver to the Administrative Agent on the date hereof any Copyright Security Agreements, any Patent Security Agreements and any Trademark Security Agreements reasonably requested by the Administrative Agent for purposes of recording the security interest granted herein in the Pledged IP Collateral to the Administrative Agent with the USPTO and the USCO, as applicable.
As of the Effective Date, all registrations and applications for Copyrights, Patents and Trademarks included in the Pledged IP Collateral are in full force and effect, and to the Pledgor’s knowledge, valid and enforceable, in each case except as would not reasonably be expected to have a Material Adverse Effect.
Contreras & Meredith Jacob eds., 2017).365 Jorge Contreras, Putting Pledged IP to work - Identifying IP available under the Open COVID Pledge, INFOJUSTICE (June 12, 2020), http://infojustice.org/archives/42399.366 Jorge Contreras et al., Pledging Intellectual Property for COVID-19, 38 NATURE BIOTECHNOLOGY 1146 (2020).367 Id.368 Id.369 Sharon Driscoll, Stanford’s Mark Lemley on Effort to Make IP Available to End COVID-19 Pandemic, STAN.
To the Pledgor’s 7 knowledge, each of the Copyrights, Trademarks and Patents relating to the Pledged IP Rights is valid on the signing date and enforceable, and no part of the Pledged IP Rights has been judged invalid or unenforceable, in whole or in part, and no claim has been made to Pledgor that any part of the Pledged IP Rights violates the rights of any third party except to the extent such claim would not reasonably be expected to cause a Material Adverse Change; 3 .