Common use of Registration of Intellectual Property Clause in Contracts

Registration of Intellectual Property. Each Chargor shall deliver all such documents, duly executed by or on behalf of the relevant Chargor, as shall be necessary to perfect the interest of the Collateral Agent in the relevant registers relating to any registered Intellectual Property. Notwithstanding the pledge of its Intellectual Property hereunder and any requirement contained in the Indenture or any other Security Document, until notice to the Chargors has been given by the Collateral Agent after the occurrence of an Event of Default which is continuing, unremedied and unwaived, each Chargor shall have the right to exploit and use the Intellectual Property in connection with its business, including but not limited to the development, marketing, promotion, distribution and sale of the underlying sources related to such Intellectual Property provided that each Chargor shall not use or refrain from using its any material Intellectual Property in such a way which may materially adversely affect the value of the Intellectual Property.