US IP Security Agreement definition

US IP Security Agreement has the meaning specified in the Conditions Precedent to Initial Credit Extension.

US IP Security Agreement means the agreement pursuant to which the Borrower grants security over its patents registered in the USA in favour of the Lender, in the agreed form;

US IP Security Agreement means the U.S. intellectual property security agreement dated as of the Funding Date executed in favor of the Administrative Agent, for the benefit of the Secured Parties, by Establishment Labs Sociedad Anonima, a Costa Rica corporation, with respect to its U.S. intellectual property.

Examples of US IP Security Agreement in a sentence

• The Borrower shall and shall cause each Loan Party, as applicable, to within 30 days after the Third Amendment Effective Date (or such longer period as the Term Loan B Agent may determine in its reasonable discretion) execute and deliver to the Term Loan B Agent supplements to any US IP Security Agreement, or new US IP Security Agreements (in the forms attached to the Security Agreement) as necessary, in each case as required by the Credit Agreement and the other Loan Documents.

• The grant of a security interest in, the Collateral by each Grantor under this U.S. IP Security Agreement secures the payment of all Obligations of such Grantor now or hereafter existing under or in respect of the Loan Documents, whether direct or indirect, absolute or contingent, and whether for principal, reimbursement obligations, interest, premiums, penalties, fees, indemnifications, contract causes of action, costs, expenses or otherwise.

• Without limiting the foregoing, each of the Grantors hereby fully and unconditionally ratifies and affirms this U.S. IP Security Agreement and agrees that all security interests, Liens and pledges granted hereunder and under the Existing U.S. IP Security Agreement shall from and after the date hereof secure all Obligations hereunder and under the other Loan Documents.

• This U.S. IP Security Agreement may be executed in any number of counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement.

• Without limiting the generality of the foregoing, this U.S. IP Security Agreement secures, as to each Grantor, the payment of all amounts that constitute part of the Obligations and that would be owed by such Grantor to any Secured Party under the Loan Documents but for the fact that such Obligations are unenforceable or not allowable due to the existence of a bankruptcy, reorganization or similar proceeding involving a Loan Party.

More Definitions of US IP Security Agreement

US IP Security Agreement means the Intellectual Property Security Agreement dated as of the Funding Date executed in favor of the Administrative Agent, for the benefit of the Secured Parties, by the Parent, with respect to its U.S. intellectual property.

US IP Security Agreement is that certain Intellectual Property Security Agreement dated as of the Effective Date between US Borrower and Bank, as amended, modified, restated, replaced, or supplemented from time to time. “US Security Agreement” is that certain Security Agreement dated as of the Effective Date between US Borrower and Bank, as amended, modified, restated, replaced, or supplemented from time to time. [signature page follows]

US IP Security Agreement has the meaning set forth in Section 4.01(g).

US IP Security Agreement. The US IP Security Agreement dated on or about the date hereof between TDH and the Lender.

US IP Security Agreement means the U.S. intellectual property security agreement dated as of the Funding Date executed in favor of the Administrative Agent, for the benefit of the Secured Parties, by Establishment Labs Sociedad Anonima, a Costa Rica corporation, with respect to its U.S. intellectual property. “U.S. Loan Party” means any Loan Party that is organized under the laws of any state of the United States or the District of Columbia. “U.S. Pledge Agreements” means, collectively, (a) the U.S. pledge agreement dated as of the Funding Date executed in favor of the Administrative Agent, for the benefit of the Secured Parties, by each of the U.S. Loan Parties and each of the BVI Loan Parties other than the Borrower and (b) the U.S. pledge agreement dated as of the Funding Date executed in favor of the Administrative Agent, for the benefit of the Secured Parties, by the Borrower. “U.S. Security Agreement” means the U.S. security agreement dated as of the Funding Date executed in favor of the Administrative Agent, for the benefit of the Secured Parties, by the U.S. Loan Parties and the BVI Loan Parties. “VAT” mean a consumption or value-added tax, including any similar Tax which may be imposed in place thereof from time to time. “Voting Stock” means, with respect to any Person, Equity Interests issued by such Person the holders of which are ordinarily, in the absence of contingencies, entitled to vote for the election of directors (or persons performing similar functions) of such Person, even though the right so to vote has been suspended by the happening of such a contingency. “Wholly Owned Subsidiary” means, as to any Person, (a) any corporation one hundred percent (100%) of whose Equity Interests is at the time owned by such Person and/or one or more Wholly Owned Subsidiaries of such Person and (b) any partnership, association, joint venture or other entity in which such Person and/or one or more Wholly Owned Subsidiaries of such Person owns one hundred percent (100%) of the Equity Interests at such time (other than, in the case of a Foreign Subsidiary with respect to the preceding clauses (a) or (b), director’s qualifying shares and/or other nominal amounts of shares required to be held by Persons other than the Borrower and its Subsidiaries under applicable law). Unless otherwise specified, all references herein to a “Wholly Owned Subsidiary” or to “Wholly Owned Subsidiaries” shall refer to a Wholly Owned Subsidiary or Wholly Owned Subsidiaries of the Borrower. “Withholding ...

US IP Security Agreement means the U.S. intellectual property security agreement dated as of the Funding Date executed in favor of the Administrative Agent, for the benefit of the Secured Parties, by Establishment Labs Sociedad Anonima, a Costa Rica corporation, with respect to its U.S. intellectual property. “U.S. Loan Party” means any Loan Party that is organized under the laws of any state of the United States or the District of Columbia. “U.S. Pledge Agreements” means, collectively, (a) the U.S. pledge agreement dated as of the Funding Date executed in favor of the Administrative Agent, for the benefit of the Secured Parties, by 39 CHAR1\1707916v5

US IP Security Agreement means the Patent, Trademark and Copyright Security Agreement, dated as of the Closing Date, executed and delivered by the Company, and each other U.S. Guarantor to the Administrative Agent for the benefit of the Lenders and any other Patent, Trademark and Copyright Security Agreement entered into from time to time by a U.S. Guarantor to the Administrative Agent for the benefit of the Lenders.