Common use of Grant and Reaffirmation of Grant of Security Interests Clause in Contracts

Grant and Reaffirmation of Grant of Security Interests. To secure the payment of the Secured Obligations, Grantors grant to Grantee, for its benefit and the benefit of the other Secured Parties, and hereby reaffirm their prior grant pursuant to the Guaranty and Security Agreement and the Patent Security Agreement of, a continuing Lien on and security interest in Grantors’ entire right, title and interest in and to the following (all of the following items or types of property being herein collectively referred to as the “Patent Collateral”), whether now owned or existing or hereafter created, acquired or arising: (a) each Patent listed on Schedule A annexed hereto and all other Patents, together with any reissues, reexaminations, continuations, continuations-in-part, divisionals, renewals and extensions thereof, all of the goodwill of the business connected with the use of, and symbolized by, each such Patent, and all proceeds and products with respect to the foregoing; and (b) all income, royalties, damages and payments at any time due or payable or asserted under and with respect to the foregoing, including without limitation, damages payable with respect to any claim by Grantors against third parties for past, present or future (i) infringement or dilution of each such Patent, or (ii) injury to the goodwill associated with each such Patent, and all proceeds and products with respect to the foregoing. Notwithstanding the foregoing, no Patent Collateral shall include any Excluded Property.

Grant and Reaffirmation of Grant of Security Interests. To secure the payment of the Secured Obligations, Grantors hereby grant to Grantee, for its benefit and the benefit of the other Secured Parties, and hereby reaffirm their prior grant pursuant to the Guaranty and Security Agreement and the Patent Trademark Security Agreement of, a continuing Lien on and security interest in Grantors’ entire right, title and interest in and to the following (all of the following items or types of property being herein collectively referred to as the “Patent Trademark Collateral”), whether now owned or existing or hereafter created, acquired or arising: (a) : each Patent Trademark listed on Schedule A annexed hereto and all other PatentsTrademarks, together with any reissues, reexaminations, continuations, continuations-in-part, divisionals, renewals and continuations or extensions thereof, all of the goodwill of the business connected with the use of, and symbolized by, each such PatentTrademark, and all proceeds and products with respect to the foregoing; and (b) and all income, royalties, damages and payments at any time due or payable or asserted under and with respect relating to the foregoing, including without limitation, damages payable with respect to any claim by Grantors against third parties for past, present or future (i) infringement or dilution of each such PatentTrademark, or (ii) injury to the goodwill associated with each such PatentTrademark, and all proceeds and products with respect to the foregoing. Notwithstanding the foregoing, no Patent Trademark Collateral shall include any Excluded Property.

Grant and Reaffirmation of Grant of Security Interests. To secure the payment of the Secured Obligations, Grantors hereby grant to Grantee, for its benefit and the benefit of the other Secured Parties, and hereby reaffirm their prior grant pursuant to the Guaranty and Security Agreement and the Patent Trademark Security Agreement of, a continuing Lien on and security interest in Grantors’ entire right, title and interest in and to the following (all of the following items or types of property being herein collectively referred to as the “Patent Trademark Collateral”), whether now owned or existing or hereafter created, acquired or arising: (a) each Patent Trademark listed on Schedule A annexed hereto and all other PatentsTrademarks, together with any reissues, reexaminations, continuations, continuations-in-part, divisionals, renewals and continuations or extensions thereof, all of the goodwill of the business connected with the use of, and symbolized by, each such PatentTrademark, and all proceeds and products with respect to the foregoing; and (b) all income, royalties, damages and payments at any time due or payable or asserted under and with respect relating to the foregoing, including without limitation, damages payable with respect to any claim by Grantors against third parties for past, present or future (i) infringement or dilution of each such PatentTrademark, or (ii) injury to the goodwill associated with each such PatentTrademark, and all proceeds and products with respect to the foregoing. Notwithstanding the foregoing, no Patent Trademark Collateral shall include any Excluded Property.

Grant and Reaffirmation of Grant of Security Interests. To secure the complete and timely payment and satisfaction of the Secured Obligations, Grantors grant Company hereby grants to Grantee, for its benefit and the benefit of the other Secured PartiesParty, and hereby reaffirm their reaffirms its prior grant pursuant to the Guaranty and Security Agreement and the Patent Security Agreement Loan Documents of, a continuing Lien on and security interest in Grantors’ Company's entire right, title and interest in and to the following (all of the following items or types of property being herein collectively referred to as the “Patent Collateral”), whether its now owned or existing or and hereafter created, acquired or arising: (a) each Patent arising patents, patent applications and patent licenses relating to the ProAlgaZyme Product, including, without limitation, the inventions and improvements described and claimed therein, all patentable inventions and those patents, patent applications and patent licenses listed on Schedule A annexed A, attached hereto and made a part hereof, and all other Patents, together with any patents and the reissues, reexaminationsdivisions, continuations, renewals, extensions and continuations-in-part, divisionals, renewals and extensions thereof, all part of any of the goodwill of the business connected with the use of, and symbolized by, each such Patentforegoing as well as international patents corresponding to United States patents, and all proceeds and products with respect to the foregoing; and (b) all proceeds, income, royalties, damages and payments at any time now or hereafter due and/or payable under or payable or asserted under and with respect to any of the foregoing, including including, without limitation, damages payable with respect to any claim by Grantors against third parties and payments for past, present or and future infringements of any of the foregoing and the right to ▇▇▇ for past, present and future infringements of any of the foregoing (i) infringement or dilution all of each such Patent, or (ii) injury the foregoing are sometimes hereinafter individually and/or collectively referred to as the goodwill associated with each such Patent, and all proceeds and products with respect to the foregoing. Notwithstanding the foregoing, no Patent Collateral shall include any Excluded Property"Patents").