Common use of No Security Interest Clause in Contracts

No Security Interest. Licensee shall not enter into any agreement under which Licensee grants to or otherwise creates in any third party a security interest in this Agreement or any of the rights granted to Licensee herein. Any grant or creation of a security interest purported or attempted to be made in violation of the terms of this Section 11.2 shall be null and void and of no legal effect.

Appears in 12 contracts

Sources: License Agreement (AVROBIO, Inc.), License Agreement, License Agreement (ReWalk Robotics Ltd.)

No Security Interest. Licensee shall not enter into any agreement under which Licensee grants to or otherwise creates in any third party a security interest in this Agreement or any of the rights granted to Licensee herein. Any grant or creation of a security interest purported or attempted to be made in violation of the terms of this Section 11.2 12.2 shall be null and void and of no legal effect.

Appears in 7 contracts

Sources: License Agreement (Aileron Therapeutics Inc), License Agreement (Aileron Therapeutics Inc), License Agreement (Aileron Therapeutics Inc)

No Security Interest. Licensee shall not enter into any agreement under which Licensee grants to or otherwise creates in any third party a security interest in this Agreement or any of the rights granted to Licensee herein. Any grant or creation of a security interest purported or attempted to be made in violation of the terms of this Section 11.2 shall be null and void and of no legal effect.

Appears in 7 contracts

Sources: Exclusive License Agreement, Exclusive License Agreement (Ocean Biomedical, Inc.), Exclusive License Agreement (Ocean Biomedical, Inc.)

No Security Interest. Licensee shall not enter into any agreement under which Licensee grants to or otherwise creates in any third party a security interest in this Agreement or any of the rights granted to Licensee herein. Any grant or creation of a security interest purported or attempted to be made in violation of the terms of this Section 11.2 7.1 shall be null and void and of no legal effect.

Appears in 5 contracts

Sources: License Agreement (Solid Biosciences Inc.), License Agreement (Solid Biosciences Inc.), License Agreement

No Security Interest. Licensee shall not enter into any agreement under which Licensee grants to or otherwise creates in any third party a security interest in this Agreement or any of the rights granted to Licensee herein. Any grant or creation of a security interest purported or attempted to be made in violation of the terms of this Section 11.2 10.1 shall be null and void and of no legal effect.

Appears in 3 contracts

Sources: License Agreement (Kronos Bio, Inc.), License Agreement (Kronos Bio, Inc.), License Agreement

No Security Interest. Licensee shall not enter into any agreement under which Licensee grants to or otherwise creates in any third party a security interest in this Agreement or any of the rights granted to Licensee herein. Any grant or creation of a security interest purported or attempted to be made in violation of the terms of this Section 11.2 9.1 shall be null and void and of no legal effect.

Appears in 3 contracts

Sources: Non Exclusive License Agreement (Northann Corp.), Non Exclusive License Agreement (Northann Corp.), Non Exclusive License Agreement (Northann Corp.)

No Security Interest. Licensee shall not enter into any agreement under which Licensee grants to or otherwise creates in any third party a security interest in this Agreement or any of the rights granted to Licensee herein. Any grant or creation of a security interest purported or attempted to be made in violation of the terms of this Section 11.2 shall be null and void and of no legal effecteffect.

Appears in 1 contract

Sources: Intellectual Property License Agreement

No Security Interest. Licensee shall not enter into any agreement under which Licensee grants to or otherwise creates in any third party a security interest in this Agreement or any of the rights granted to Licensee herein. Any grant or creation of a security interest purported or attempted to be made in violation of the terms of this Section 11.2 11.3 shall be null and void and of no legal effect.

Appears in 1 contract

Sources: License Agreement (Beam Therapeutics Inc.)

No Security Interest. Licensee shall not enter into any agreement under which Licensee grants to or otherwise creates in any third party a security interest in this Agreement or any of the rights granted to Licensee herein. Any grant or creation of a security interest purported or attempted to be made in violation of the terms of this Section 11.2 11.3 (No Security Interest) shall be null and void and of no legal effect.

Appears in 1 contract

Sources: License Agreement (Sana Biotechnology, Inc.)

No Security Interest. Licensee shall not enter into any agreement under which Licensee grants to or otherwise creates in any third party a security interest in this Agreement or any of the rights granted to Licensee herein. Any grant or creation of a security interest purported or attempted to be made in violation of the terms of this Section 11.2 8.1 shall be null and void and of no legal effect.

Appears in 1 contract

Sources: Exclusive License Agreement (Neuraxis, INC)

No Security Interest. Licensee shall not enter into any agreement under which the Licensee grants to or otherwise creates in any third party a security interest in this Agreement or any of the rights granted to the Licensee herein. Any grant or creation of a security interest purported or attempted to be made in violation of the terms of this Section 11.2 ‎13.2 shall be null and void and of no legal effect.

Appears in 1 contract

Sources: Exclusive License Agreement (Sg Blocks, Inc.)

No Security Interest. Licensee shall not enter into any agreement under which Licensee grants to or otherwise creates in any third party Third Person a security interest in this Agreement or any of the rights granted to Licensee herein. Any grant or creation of a security interest purported or attempted to be made in violation of the terms of this Section 11.2 shall be null and void and of no legal effect.

Appears in 1 contract

Sources: Technology License Agreement (Petroteq Energy Inc.)