Common use of ASSIGNOR'S ENFORCEMENT RIGHTS Clause in Contracts

ASSIGNOR'S ENFORCEMENT RIGHTS. Each Assignor shall have the right and the duty to bring suit or other action in such Assignor’s own name to maintain and enforce the Trademarks, the Trademark Registrations and the Trademark Rights. Such Assignor may require the Lender to join in such suit or action as necessary to assure such Assignor’s ability to bring and maintain any such suit or action in any proper forum if (but only if) the Lender is completely satisfied that such joinder will not subject it to any risk of liability or if required by law or any order of any Court or tribunal. To the extent Lender does not join in any proceeding, Lender shall cooperate to the extent reasonably required by Assignors for purposes of Assignors’ enforcement rights as they relate to the Pledged Trademarks. Such Assignor shall promptly, upon demand, reimburse and indemnify the Lender for all damages, costs and expenses, including reasonable legal fees, incurred by Lender pursuant to this Section 7.3.

Appears in 2 contracts

Samples: Trademark Collateral Assignment and Security Agreement (Blyth Inc), Trademark Collateral Assignment and Security Agreement (Blyth Inc)

AutoNDA by SimpleDocs

ASSIGNOR'S ENFORCEMENT RIGHTS. Each Assignor shall have the right and the duty to bring suit or other action in such Assignor’s own name to maintain and enforce the TrademarksPatents, the Trademark Patent Registrations and the Trademark Patent Rights. Such Assignor may require the Lender to join in such suit or action as necessary to assure such Assignor’s ability to bring and maintain any such suit or action in any proper forum if (but only if) the Lender is completely satisfied that such joinder will not subject it to any risk of liability or if required by law or any order of any Court or tribunal. To the extent Lender does not join in any proceeding, Lender shall cooperate to the extent reasonably required by Assignors the Assignor for purposes of Assignors’ the Assignor’s enforcement rights as they relate to the Pledged TrademarksPatent Collateral. Such Assignor shall promptly, upon demand, reimburse and indemnify the Lender for all damages, costs and expenses, including reasonable legal fees, incurred by Lender pursuant to this Section 7.3.

Appears in 2 contracts

Samples: And Security Agreement (Blyth Inc), And Security Agreement (Blyth Inc)

AutoNDA by SimpleDocs

ASSIGNOR'S ENFORCEMENT RIGHTS. Each Assignor shall have the right and the duty to bring suit or other action in such Assignor’s own name to maintain and enforce the Trademarks, the Trademark Registrations Copyrights and the Trademark Copyright Rights. Such Assignor may require the Lender to join in such suit or action as necessary to assure such Assignor’s ability to bring and maintain any such suit or action in any proper forum if (but only if) the Lender is completely satisfied that such joinder will not subject it to any risk of liability or if required by law or any order of any Court or tribunal. To the extent Lender does not join in any proceeding, Lender shall cooperate to the extent reasonably required by Assignors for purposes of Assignors’ enforcement rights as they relate to the Pledged TrademarksCopyright Collateral. Such Assignor shall promptly, upon demand, reimburse and indemnify the Lender for all damages, costs and expenses, including reasonable legal fees, incurred by Lender pursuant to this Section 7.3.

Appears in 2 contracts

Samples: Collateral Assignment and Security Agreement (Blyth Inc), Collateral Assignment and Security Agreement (Blyth Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.