Common use of Security Interest in Copyrights Clause in Contracts

Security Interest in Copyrights. To secure the payment and performance of all of the Obligations, the Debtor hereby grants to the Secured Party a first and valid security interest in all of its right, title and interest, in the United States and throughout the world, in and to all of its now owned and hereafter acquired copyrights, and all registrations and applications to register the same, all renewals thereof, any written agreement, naming the Debtor as licensor or licensee, granting any right under any copyright, any work which is or may be subject to copyright protection pursuant to Title 17 of the U.S. Code, and all physical things embodying such works (including, without limitation, copies thereof) created or otherwise used in the business of the Debtor, and all proceeds thereof (hereinafter collectively referred to as the "Copyrights"). All copyright registrations and all currently pending copyright applications owned or licensed (to the extent permitted by the applicable license) by the Debtor are listed on Schedule C attached hereto and made a part hereof. Subject to the provisions of Section 2(n), the Debtor hereby further grants to the Secured Party a second and valid security interest in all of its right, title and interest in and to all products, proceeds, income, royalties, damages and payments now and hereafter due and payable under or in respect of all Copyrights and, subject to the provisions of Section 2(n), in and to all rights during the term of this Agreement to ▇▇▇, collect and retain for the Secured Party's benefit damages and payments for past or future infringements of the Copyrights.