Common use of ASSIGNOR'S DUTIES, ETC Clause in Contracts

ASSIGNOR'S DUTIES, ETC. The Assignor shall have the right and the duty, consistent with its reasonable business judgment, through qualified trademark counsel, to prosecute diligently any trademark registration applications of the material Trademarks pending as of the date of this Trademark Agreement or thereafter with respect to any other material Trademarks, to preserve and maintain all rights in the material Trademarks and material Trademark Registrations, including the filing of appropriate renewal applications and other instruments to maintain in effect the material Trademark Registrations and the payment when due of all registration renewal fees and other fees, taxes and other expenses that shall be incurred or that shall accrue with respect to any of the material Trademark Registrations and material unregistered Trademarks. Any expenses incurred in connection with such applications and actions shall be borne by the Assignor. Except in the exercise of its reasonable business judgment, the Assignor shall not abandon any material filed trademark registration application, or any material Trademark Registration or material unregistered Trademark, without the consent of the Administrative Agent, which consent shall not be unreasonably withheld.

ASSIGNOR'S DUTIES, ETC. The Each Assignor shall have the right and the duty, consistent with its reasonable business judgment, through qualified trademark counselsubject to the last sentence of §7.1, to prosecute diligently any trademark registration applications of the material Trademarks pending as of the date of this Trademark Agreement or thereafter with respect to any other material Trademarksthereafter, to preserve and maintain all rights in the material Trademarks and material Trademark Registrations, including the filing of appropriate renewal applications and other instruments to maintain in effect the material Trademarks and Trademark Registrations and the payment when due of all registration renewal fees and other fees, taxes and other expenses that shall be incurred or that shall accrue with respect to any of the material Trademarks or Trademark Registrations Registrations; provided that no Assignor shall have the duty to take any action with respect to any Trademark which has a minimal value or is otherwise no longer useful in the business of the Issuer and material unregistered Trademarksits Subsidiaries. Any expenses incurred in connection with such applications and actions shall be borne jointly and severally by the AssignorAssignors. Except in the exercise of its reasonable business judgment, the No Assignor shall not abandon any material filed trademark registration application, or any material Trademark Registration or material unregistered TrademarkTrademark (other than any Trademark which has a minimal value or is otherwise no longer useful in the business of the Issuer and its Subsidiaries), without the consent of the Administrative Collateral Agent, which consent shall not be unreasonably withheld.

ASSIGNOR'S DUTIES, ETC. The Assignor shall have the right and the duty, consistent with its reasonable business judgment, through qualified trademark counselcounsel acceptable to the Agent, to prosecute diligently any trademark registration applications of the material Trademarks pending as of the date of this Trademark Agreement or thereafter with respect to any other material Trademarksthereafter, to preserve and maintain all rights in the material Trademarks and material Trademark Registrations, including the filing of appropriate renewal applications and other instruments to maintain in effect the material Trademark Registrations and the payment when due of all registration renewal fees and other fees, taxes and other expenses that shall be incurred or that shall accrue with respect to any of the material Trademarks or Trademark Registrations and material unregistered TrademarksRegistrations. Any expenses incurred in connection with such applications and actions shall be borne by the Assignor. Except in the exercise of its reasonable business judgment, the The Assignor shall not abandon any material filed trademark registration application, or any material Trademark Registration or material unregistered Trademark, without the consent of the Administrative Agent, which consent shall not be unreasonably withheld. Notwithstanding anything to the contrary contained in this ss.7.2, so long as no Event of Default has occurred and is continuing, nothing in this ss.

ASSIGNOR'S DUTIES, ETC. The Assignor shall have the right and the duty, consistent with its reasonable business judgment, through qualified trademark counselcounsel reasonably acceptable to the Lender, to prosecute diligently any trademark registration applications of the material Trademarks pending as of the date of this Trademark Agreement or thereafter with respect to any other material Trademarksthereafter, to preserve and maintain all rights in the material Trademarks and material Trademark Registrations, including the filing of appropriate renewal applications and other instruments to maintain in effect the material Trademark Registrations and the payment when due of all registration renewal fees and other fees, taxes and other expenses that shall be incurred or that shall accrue with respect to any of the material Trademarks or Trademark Registrations and material unregistered TrademarksRegistrations. Any expenses incurred in connection with such applications and actions shall be borne by the Assignor. Except in the exercise of its reasonable business judgment, the The Assignor shall not abandon any material filed trademark registration application, or any material Trademark Registration or material unregistered Trademark, without the consent of the Administrative AgentLender, which consent shall not be unreasonably withheld, other than those Trademark Registrations and Trademarks that are no longer used or useful in the conduct of the Assignor's business.