Certain Provisions Concerning Intellectual Property Collateral Clause Samples

This clause defines the rules and requirements related to using intellectual property (IP) as collateral in a secured transaction. It typically outlines the types of IP that can be pledged, such as patents, trademarks, or copyrights, and may specify the procedures for perfecting a security interest in these assets, including necessary filings or notifications. The core function of this clause is to ensure that both parties understand how IP assets are treated as security, thereby protecting the lender’s interests and clarifying the borrower’s obligations regarding their IP rights.
POPULAR SAMPLE Copied 1 times
Certain Provisions Concerning Intellectual Property Collateral. SECTION 6.1.
Certain Provisions Concerning Intellectual Property Collateral. Grant of Intellectual Property License 22 SECTION 6.1. Protection of Administrative Agent's Security 23 SECTION 6.1. After-Acquired Property 23 SECTION 6.1. Litigation 24 SECTION 7.1. Maintenance of Records 25 SECTION 7.2. Modification of Terms, etc 25 SECTION 7.3. Collection 25
Certain Provisions Concerning Intellectual Property Collateral. Grant of Intellectual Property License 20 SECTION 6.2. Protection of Administrative Agent’s Security 20 SECTION 6.3. After-Acquired Intellectual Property Collateral 21 SECTION 6.4. Litigation 22 SECTION 7.1. Maintenance of Records 22 SECTION 7.2. Legend 22 SECTION 7.3. Modification of Terms, etc. 23 SECTION 7.4. [Reserved] 23 SECTION 8.1. Transfers of Collateral 23 SECTION 9.1. Remedies 23 SECTION 9.2. Notice of Sale 25 SECTION 9.3. Waiver of Notice and Claims 25 SECTION 9.4. Certain Sales of Collateral 26 SECTION 9.5. No Waiver; Cumulative Remedies 27 SECTION 9.6. Certain Additional Actions Regarding Intellectual Property 27
Certain Provisions Concerning Intellectual Property Collateral. SECTION 6.1. GRANT OF INTELLECTUAL PROPERTY LICENSE.................. 21 SECTION 6.2. PROTECTION OF COLLATERAL AGENT'S SECURITY............... 22 SECTION 6.3. AFTER-ACQUIRED PROPERTY................................. 23 SECTION 6.4. LITIGATION.............................................. 23 ARTICLE VII CERTAIN PROVISIONS CONCERNING RECEIVABLES
Certain Provisions Concerning Intellectual Property Collateral. Section 6.1 Intellectual Property Collateral Schedule; Grant of Intellectual Property License. (a) Each item of registered Intellectual Property Collateral (and applications therefor) of each Pledgor is set forth on Schedule 6.1 hereto. For the purpose of enabling the Administrative Agent, during the continuance of an Event of Default, to exercise rights and remedies under ARTICLE VIII hereof at such time as the Administrative Agent shall be lawfully entitled to exercise such rights and remedies and for no other purpose, each Pledgor hereby grants to the Administrative Agent, during the continuance of an Event of Default, to the extent it has the legal right to do so, an irrevocable (until the termination of this Agreement; provided that any sublicenses granted by the Administrative Agent during such period shall continue for their term as direct licenses from the relevant Pledgor) and nonexclusive license to use, assign, license or sublicense and otherwise exploit any of the Intellectual Property Collateral now owned or hereafter acquired by such Pledgor, wherever the same may be located. Such license shall include access to all media in which any of the licensed items may be recorded or stored and to all computer programs used for the compilation or printout hereof. (b) Each Pledgor shall not do any act or omit to do any act that results in any of the material Intellectual Property Collateral lapsing, or becoming abandoned, dedicated to the public, forfeited or unenforceable, or which would materially adversely affect the validity, grant, or enforceability of the security interest in the material Intellectual Property Collateral granted to the Administrative Agent herein.
Certain Provisions Concerning Intellectual Property Collateral. 18 SECTION 6.1. Grant of License 18 SECTION 6.2. Registrations 18 SECTION 6.3. No Violations or Proceedings 18 SECTION 6.4. Protection of Agent’s Security 19 SECTION 6.5. After-Acquired Property 19 SECTION 6.6. Modifications. 20 SECTION 6.7. Litigation. 20 SECTION 6.8. Third Party Consents. 20
Certain Provisions Concerning Intellectual Property Collateral. Section 6.1. Grant of License Section 6.2. Protection of Collateral Agent’s Security Section 6.3. After-Acquired Property Section 6.4. Litigation
Certain Provisions Concerning Intellectual Property Collateral. SECTION 6.1. Representations and Warranties with respect to Intellectual Property. 21 SECTION 6.2. Protection of Agent’s Security. 22 SECTION 6.3. After-Acquired Property. 23 SECTION 6.4. Modifications. 24 SECTION 6.5. Litigation. 24 SECTION 6.6. Websites and Domain Names. 24 SECTION 7.1. Special Representations and Warranties. 25 SECTION 7.2. Maintenance of Records. 25 SECTION 7.3. Legend. 25 SECTION 7.4. Modification of Terms, etc. 26 SECTION 7.5. Collection. 26 SECTION 8.1. Remedies. 26 SECTION 8.2. Notice of Sale. 28 SECTION 8.3. Waiver of Notice and Claims. 29 SECTION 8.4. Certain Sales of Collateral. 29 SECTION 8.5. No Waiver; Cumulative Remedies. 30 SECTION 8.6. Grant of License. 30 SECTION 8.7. Certain Additional Actions Regarding Intellectual Property. 30 SECTION 9.1. Application of Proceeds. 31 SECTION 10.1. Concerning Agent. 31 SECTION 10.2. Agent May Perform; Agent Appointed Attorney-in-Fact. 32 SECTION 10.3. Expenses; Indemnity. 32 SECTION 10.4. Continuing Security Interest; Assignment. 33 SECTION 10.5. Termination; Release. 34 SECTION 10.6. Modification in Writing. 34 SECTION 10.7. Notices. 34 SECTION 10.8. GOVERNING LAW. 35 SECTION 10.9. CONSENT TO JURISDICTION AND SERVICE OF PROCESS; WAIVER OF JURY TRIAL. 35 SECTION 10.10. Severability of Provisions. 36 SECTION 10.11. Execution in Counterparts. 36 SECTION 10.12. No Credit for Payment of Taxes or Imposition. 36 SECTION 10.13. No Claims Against Agent. 36 SECTION 10.14. No Release. 36 SECTION 10.15. Obligations Absolute. 37 SECTION 10.16. Additional Pledgor Waivers. 37 SECTION 10.17. ABL Intercreditor Agreement. 39 SIGNATURES SCHEDULE I Intercompany Notes SCHEDULE II Filings, Registrations and Recordings SCHEDULE III Initial Pledged Interests SCHEDULE IV Licenses and Domain Names SCHEDULE V Tangible Chattel Paper SCHEDULE VI Commodity Accounts SCHEDULE VII Electronic Chattel Paper EXHIBIT 1 Form of Securities Pledge Amendment SECURITY AGREEMENT dated as of July 30, 2024 (as amended, amended and restated, supplemented or otherwise modified from time to time in accordance with the provisions hereof, this “Agreement”) made by: (i) SPORTSMAN’S WAREHOUSE, INC., a Utah corporation, as lead borrower for itself and the other Borrowers (the “Lead Borrower”), (ii) the other Borrowers listed on the signature pages hereto (together with the Lead Borrower, the “Original Borrowers”) or from time to time party hereto by execution of a Joinder Agreement (the “Additional Borrowers,” and together with the Origi...
Certain Provisions Concerning Intellectual Property Collateral. SECTION 7.1 Grant of License............................................34 SECTION 7.2 Registrations...............................................34 SECTION 7.3 Reserved....................................................34 SECTION 7.4 Reserved....................................................34 SECTION 7.5 After-Acquired Property.....................................34 SECTION 7.6 Modifications...............................................35 SECTION 7.7 Reserved....................................................35 SECTION 7.8 Litigation..................................................35 ARTICLE VIII CERTAIN PROVISIONS CONCERNING DESIGNATED ACCOUNTS, COLLATERAL ACCOUNT AND COLLECTION OF ACCOUNTS
Certain Provisions Concerning Intellectual Property Collateral. SECTION 6.1. Grant of License.. 18 SECTION 6.2. Registrations.. 19 SECTION 6.3. No Violations or Proceedings.. 19 SECTION 6.4. Protection of Collateral Agent’s Security.. 20 SECTION 6.5. After-Acquired Property.. 20 SECTION 6.6. Modifications.. 20 SECTION 6.7. Litigation.. 21 SECTION 6.8. Third Party Consents.. 21