Back to top

INTELLECTUAL PROPERTY SECURITY AGREEMENT

Security Agreement

INTELLECTUAL PROPERTY SECURITY AGREEMENT | Document Parties: PLY GEM HOLDINGS INC | Ply Gem Industries, Inc You are currently viewing:
This Security Agreement involves

PLY GEM HOLDINGS INC | Ply Gem Industries, Inc

. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here.
Title: INTELLECTUAL PROPERTY SECURITY AGREEMENT
Date: 8/11/2008

INTELLECTUAL PROPERTY SECURITY AGREEMENT, Parties: ply gem holdings inc , ply gem industries  inc
50 of the Top 250 law firms use our Products every day

 



 


 

 

 

 

 

 

INTELLECTUAL PROPERTY SECURITY AGREEMENT

 

This INTELLECTUAL PROPERTY SECURITY AGREEMENT (as amended, amended and restated, supplemented or otherwise modified from time to time, the “ IP Security Agreement ”) dated June 9, 2008, is made by CWD Doors and Windows, Inc. (the “ Canadian Borrower ”) in favour of General Electric Capital Corporation, as Collateral Agent (the “ Collateral Agent ”) for the Secured Parties (as defined in the Credit Agreement referred to below).

 

WHEREAS, Ply Gem Industries, Inc., a Delaware corporation (the “ Specified U.S. Borrower ”) and the other Loan Parties party thereto have entered into a Credit Agreement dated as of June 9, 2008 (as amended, amended and restated, supplemented or otherwise modified from time to time, the “ Credit Agreement ”), with, inter alia , General Electric Capital Corporation, as Collateral Agent, and the Lenders party thereto.  Terms defined in the Credit Agreement and not otherwise defined herein are used herein as defined in the Credit Agreement.

 

WHEREAS, as a condition precedent to the making of Loans and the issuance of Letters of Credit by the Lender Parties under the Credit Agreement and the entry into Secured Hedge Agreements by the Hedge Banks and the entry into Secured Cash Management Agreements by the Cash Management Banks from time to time, the Canadian Borrower has executed and delivered that certain Security Agreement dated June 9, 2008 made by the Canadian Borrower to the Collateral Agent (as amended, amended and restated, supplemented or otherwise modified from time to time, the “ Security Agreement ”).

 

WHEREAS, under the terms of the Security Agreement, the Canadian Borrower has granted to the Collateral Agent, for the ratable benefit of the Secured Parties, a security interest in, among other property, certain intellectual property of the Canadian Borrower, and has agreed as a condition thereof to execute this IP Security Agreement for recording with the United States Patent and Trademark Office, the United States Copyright Office, the Canadian Intellectual Property Office and other governmental authorities.

 

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Canadian Borrower agrees as follows:

 

SECTION 1.   Grant of Security .  The Canadian Borrower hereby grants to the Collateral Agent for the ratable benefit of the Secured Parties a security interest in each type of property described below, and all of the Canadian Borrower’s right, title and interest therein and thereto, (the “ Collateral ”):

 

(a)  

the patents and patent applications set forth in Schedule A hereto (the “ Patents ”);

 

(b)  

the trademark and service mark registrations and applications set forth in Schedule B hereto (provided that no security interest shall be granted any trademark, whether registered, unregistered or applied for, to the extent that, and solely during the period in which, the grant of a security interest therein would impair the validity or enforceability of such trademark under applicable federal law), together with the goodwill symbolized thereby (the “ Trademarks ”);

 

 

 

 


 

 

(c)  

all copyrights, whether registered or unregistered, now owned or hereafter acquired by the Canadian Borrower, in


 
SITE SEARCH

AGREEMENTS / CONTRACTS

Document Title:

Entire Document: (optional)

Governing Law:(optional)


Try our advanced search >>
 

CLAUSES

Search Contract Clauses >>

Browse Contract Clause Library>>

Get Email Updates
Email:
This is only a partial view of this document. We have millions of legal documents and clauses drafted by top law firms. learn more search for free browse for free learn more