Common use of New Intellectual Property Collateral Clause in Contracts

New Intellectual Property Collateral. Any Intellectual Property Collateral acquired or developed by any of the Debtor's officers, directors, stockholders or employees in the course of the Debtor's business shall be owned of record by the Debtor and shall be automatically subject to Section 1 hereof.

Appears in 3 contracts

Sources: Security Agreement (Green Mountain Coffee Inc), Security Agreement (Presstek Inc /De/), Security Agreement (Presstek Inc /De/)