Common use of Provisions Regarding Patents and Copyrights Clause in Contracts

Provisions Regarding Patents and Copyrights. (i) Borrower agrees not to divest its rights under a Patent or Copyright, without the prior written approval of Agent, and will take all action necessary or advisable to maintain each Patent or Copyright that directly contributes to five percent (5%) of Borrower's revenues. (ii) Borrower agrees, promptly upon learning of the same, to furnish Agent in writing with all pertinent information available to Borrower with respect to any infringement or other violation of Borrower's rights in any material Patent or Copyright, or with respect to any claim that practice of any material Patent or Copyright violates any property right of that party. Borrower further agrees, absent direction of Agent to the contrary, to prosecute any person infringing any significant Patent or Copyright.

Provisions Regarding Patents and Copyrights. (i) Borrower agrees not to divest its rights under a Patent or Copyright, without the prior written approval of Agent and Revolving Credit Agent, and will take all action necessary or advisable to maintain each Patent or Copyright that directly contributes to five percent (5%) of Borrower's revenues. (ii) Borrower agrees, promptly upon learning of the same, to furnish Agent and Revolving Credit Agent in writing with all pertinent information available to Borrower with respect to any infringement or other violation of Borrower's rights in any material Patent or Copyright, or with respect to any claim that practice of any material Patent or Copyright violates any property right of that party. Borrower further agrees, absent direction of Agent and Revolving Credit Agent to the contrary, to prosecute any person infringing any significant Patent or Copyright.