{"id":41081,"date":"2015-09-17T11:25:58","date_gmt":"2015-09-17T16:25:58","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/contracts\/uncategorized\/intellectual-property-security-agreement-silicon-valley-bank.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"intellectual-property-security-agreement-silicon-valley-bank","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/finance\/intellectual-property-security-agreement-silicon-valley-bank.html","title":{"rendered":"Intellectual Property Security Agreement &#8211; Silicon Valley Bank and InVision Technologies Inc."},"content":{"rendered":"<pre>                    INTELLECTUAL PROPERTY SECURITY AGREEMENT\n\n\n     THIS INTELLECTUAL PROPERTY SECURITY AGREEMENT is entered into as of \nFebruary 20, 1997, by and between SILICON VALLEY BANK ('Bank') and INVISION \nTECHNOLOGIES, INC. ('Grantor').\n\n                                    RECITALS\n\n     A.   Bank has agreed to make certain advances of money and to extend \ncertain financial accommodation to Grantor (the 'Loans') in the amounts and \nmanner set forth in that certain Loan and Security Agreement by and between \nBank and Grantor dated as even date herewith (as the same may be amended, \nmodified or supplemented from time to time, the 'Loan Agreement'; capitalized \nterms used herein are used as defined in the Loan Agreement).  Bank is willing \nto make the Loans to Grantor, but only upon the condition, among others, that \nGrantor shall grant to Bank a security interest in certain Copyrights, \nTrademarks and Patents to secure the obligations of Grantor under the Loan \nAgreement.\n\n     B.   Pursuant to the terms of the Loan Agreement, Grantor has granted to \nBank a security interest in all of Grantor's right, title and interest, \nwhether presently existing or hereafter acquired, in, to and under all of the \nCollateral.\n\n     NOW, THEREFORE, for good and valuable consideration, receipt of which is \nhereby acknowledged, and intending to be legally bound, as collateral security \nfor the prompt and complete payment when due of its obligations under the Loan \nAgreement, Grantor hereby represents, warrants, covenants and agrees as \nfollows:\n\n                                    AGREEMENT\n\n     To secure its obligations under the Loan Agreement, Grantor grants and \npledges to Bank a security interest in all of Grantor's right, title and \ninterest in, to and under its Intellectual Property Collateral (including \nwithout limitation those Copyrights, Patents and Trademarks listed on \nSchedules A, B, and C hereto), and including without limitation all proceeds \nthereof (such as, by way of example but not by way of limitation, license \nroyalties and proceeds of infringement suits), the right to sue for past, \npresent and future infringements, all rights corresponding thereto throughout \nthe world and all re-issues, divisions continuations, renewals, extensions and \ncontinuations-in-part thereof.\n\n     This security interest is granted in conjunction with the security \ninterest granted to Bank under the Loan Agreement.  The rights and remedies of \nBank with respect to the security interest granted hereby are in addition to \nthose set forth in the Loan Agreement and the other Loan Documents, and those \nwhich are now or hereafter available to Bank as a matter of law or equity.  \nEach right, power and remedy of Bank provided for herein or in the Loan \nAgreement or any of the Loan Documents, or now or hereafter existing at law or \nin equity shall be\n\n                                       1.\n\n\n\ncumulative and concurrent and shall be in addition to every right, power or \nremedy provided for herein and the exercise by Bank of any one or more of the \nrights, powers or remedies provided for in this Intellectual Property Security \nAgreement, the Loan Agreement or any of the other Loan Documents, or now or \nhereafter existing at law or in equity, shall not preclude the simultaneous \nor later exercise by any person, including Bank, of any or all other rights, \npowers or remedies.\n\n     This Intellectual Property Security Agreement shall terminate upon \nBorrower's satisfaction of the conditions set forth in Section 4.1 of the Loan \nAgreement.\n\n     IN WITNESS WHEREOF, the parties have caused this Intellectual Property \nSecurity Agreement to be duly executed by its officers thereunto duly \nauthorized as of the first date written above.\n\n                                        Grantor:\n\nAddress of Grantor:                     INVISION TECHNOLOGIES, INC.\n\n34320 E. Third Avenue\nFoster City, CA  94404                  By:\n                                           -----------------------------------\n\n                                        Title:\n                                              --------------------------------\n\nAttn:  Curt DiSibio\n\n                                        Bank\n\nAddress of Bank:                        SILICON VALLEY BANK\n\n3003 Tasman Drive                       By:\nSanta Clara, CA  95054                     -----------------------------------\n                                        Title:\n                                              --------------------------------\nAttn:  Patrick McCarthy\n\n\n\n                                       2.\n\n\n\n\n                                    EXHIBIT A\n\n                                   COPYRIGHTS\n\n\n                                      None\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n                            EXHIBIT B\n\n                             PATENTS\n\nDESCRIPTION                                        REGISTRATION   REGISTRATION\n                                                      NUMBER          DATE\n\nAutomatic concealed object detection system having a  5,367,552     11\/22\/94\npre-scan stage\n\nAutomatic concealed object detection system having a  5,182,764     01\/26\/93\npre-scan stage\n\n\n\n\n\n\n\n\n\n                            EXHIBIT C\n\n                           TRADEMARKS\n\n\n\nDESCRIPTION                                        REGISTRATION   REGISTRATION\n                                                      NUMBER          DATE\n\nInVision                                              2,030,463     01\/14\/97\n\n\n\n\n<\/pre>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_contracts_companies":[7912,8832],"corporate_contracts_industries":[9415,9454],"corporate_contracts_types":[9560,9570],"class_list":["post-41081","corporate_contracts","type-corporate_contracts","status-publish","hentry","corporate_contracts_companies-invision-technologies-inc","corporate_contracts_companies-silicon-valley-bancshares","corporate_contracts_industries-financial__banks","corporate_contracts_industries-manufacturing__industrial","corporate_contracts_types-finance","corporate_contracts_types-finance__security"],"acf":[],"_links":{"self":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts\/41081","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts"}],"about":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/types\/corporate_contracts"}],"wp:attachment":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/media?parent=41081"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=41081"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=41081"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=41081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}