Common use of Assignor Responsible Clause in Contracts

Assignor Responsible. The Assignor shall assume full and complete -------------------- responsibility for the prosecution, grant, enforcement or any other necessary or desirable actions in connection with the Patent Collateral, and shall hold the Agent and the Banks harmless from any and all costs, damages, liabilities and expenses which may be incurred by the Agent or any of the Banks in connection with the Agent's title to any of the Patent Collateral or any other action or failure to act in connection with this Patent Agreement or the transactions contemplated hereby. In respect of such responsibility, the Assignor shall retain patent counsel reasonably acceptable to the Agent.

Appears in 6 contracts

Samples: Patent Collateral Assignment and Security Agreement (Jackson Products Inc), Patent Collateral Assignment and Security Agreement (Jackson Products Inc), Patent Collateral Assignment and Security Agreement (Jackson Products Inc)

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Assignor Responsible. The Assignor shall assume full and complete -------------------- responsibility for the prosecution, grant, enforcement or any other necessary or desirable actions in connection with the Patent Collateral, and shall hold the Agent and the Banks Lenders harmless from any and all costs, damages, liabilities and expenses which may be incurred by the Agent or any of the Banks Lenders in connection with the Agent's title to any of the Patent Collateral or any other action or failure to act in connection with this Patent Agreement or the transactions contemplated hereby. In respect of such responsibility, the Assignor shall retain patent counsel reasonably acceptable to the Agent.

Appears in 3 contracts

Samples: Patent Collateral Assignment and Security Agreement (PCD Inc), Patent Collateral Assignment and Security Agreement (PCD Inc), Patent Collateral Assignment and Security Agreement (PCD Inc)

Assignor Responsible. The Assignor shall assume full and complete -------------------- responsibility for the prosecution, grant, enforcement or any other necessary or desirable actions in connection with the Patent Collateral, and shall hold the Agent and the Banks harmless from any and all costs, damages, liabilities and reasonable costs and expenses which may be incurred by the Agent or any of the Banks in connection with the Agent's interest in or title to any of the Patent Collateral or any other action or failure to act in connection with this Patent Agreement or the transactions contemplated hereby. In respect of such responsibility, the Assignor shall retain patent counsel reasonably acceptable to the Agent.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Genrad Inc)

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Assignor Responsible. The Assignor shall assume full and complete -------------------- responsibility for the prosecution, grant, enforcement or any other necessary or desirable actions in connection with the Patent Collateral, and shall hold the Agent and the Banks Holders harmless from and against any and all costsreasonable and documented costs and expenses, damages, and all documented damages and liabilities and expenses which may be incurred by the Agent or any of the Banks Holders in connection with the Agent's ’s title to any of the Patent Collateral or any other action or failure to act in connection with this Patent Security Agreement or the transactions contemplated hereby. In respect of such responsibility, the Assignor shall retain patent counsel reasonably acceptable to the Agent.

Appears in 1 contract

Samples: Patent Collateral Assignment and Security Agreement (Hawaii Parking Maintenance Inc)

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