Examples of Significant Intellectual Property in a sentence
Except as set forth on Schedule 5(a), there are no claims, judgments or settlements to be paid by such Grantor relating to the Significant Intellectual Property.
Each Grantor further agrees, unless otherwise directed by the Administrative Agent, diligently to prosecute any Person infringing any Significant Intellectual Property in a manner consistent with its past practice and in the ordinary course of business.
Such Grantor shall take appropriate action in response to such infringement, misappropriation or dilution, including promptly bringing suit for infringement, misappropriation or dilution and to recover any and all damages for such infringement, misappropriation of dilution, and shall take such other actions may be appropriate in its reasonable judgment under the circumstances to protect such Significant Intellectual Property.
Each Grantor further agrees, unless otherwise directed by the Administrative Agent, diligently to prosecute any person infringing any Significant Intellectual Property in a manner consistent with its past practice and in the ordinary course of business.
No claim has been asserted and is pending by any Person challenging or questioning the use of any such Significant Intellectual Property or the validity or effectiveness of any such Significant Intellectual Property, and no Responsible Officer of the Company knows of any valid basis for any such claim, except for such claims which would not reasonably be expected to have a Material Adverse Effect.
Each Debtor further agrees, unless otherwise directed by the Secured Party, to diligently prosecute any Person infringing any Significant Intellectual Property in accordance with its commercially reasonable business judgment.
The use of such Significant Intellectual Property by the Company and its Subsidiaries does not infringe on the rights of any Person, except for such claims and infringements that, in the aggregate, would not reasonably be expected to have a Material Adverse Effect.
Each Credit Party will, and will cause each of its Subsidiaries to, comply with and observe the Spin-Off Documents to which the Borrower or any Subsidiary is a party, except where failure to observe and comply with such Spin-Off Documents would not reasonably be expected to impair access to Significant Intellectual Property rights, result in the Spin-Off no longer complying with the requirements of Section 355 of the Code or otherwise have a Material Adverse Effect.
Each Grantor further agrees, unless otherwise directed by the Collateral Agent, diligently to prosecute any Person infringing any Significant Intellectual Property in a manner consistent with its past practice and in the ordinary course of business.
Such Grantor shall take appropriate action in response to such infringement, misappropriation or dilution, including promptly bringing suit for infringement, misappropriation or dilution and to recover any and all damages for such infringement, misappropriation of dilution, and shall take such other actions as may be appropriate in its reasonable judgment under the circumstances to protect such Significant Intellectual Property.