Common use of ASSIGNOR'S ENFORCEMENT RIGHTS Clause in Contracts

ASSIGNOR'S ENFORCEMENT RIGHTS. The Assignor shall have the right, with the consent of the Agent which shall not be unreasonably withheld, to bring suit or other action in the Assignor's own name to enforce the Patents and the Patent Rights; provided, however, so long as no Event of Default shall have occurred and is continuing, nothing in this §6.3 shall require the Assignor to take such action if the taking of such action is not in the Assignor's reasonable judgment desirable in the conduct of its business and the failure to take such action does not have a Material Adverse Effect. The Agent shall be required to join in such suit or action as may be necessary to assure the Assignor's ability to bring and maintain any such suit or action in any proper forum so long as the Agent is completely satisfied that such joinder will not subject the Agent or any of the Banks to any risk of liability. The Assignor shall promptly, upon demand, reimburse and indemnify the Agent and the Banks for all damages, costs and expenses, including legal fees, incurred by the Agent and any of the Banks pursuant to this §6.

Appears in 1 contract

Samples: Patent Agreement (Fargo Electronics Inc)

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ASSIGNOR'S ENFORCEMENT RIGHTS. The Assignor shall have the right, with right and the consent of the Agent which shall not be unreasonably withheld, duty to bring suit or other action in the Assignor's own name to maintain and enforce the Patents Trademarks, the Trademark Registrations and the Patent Trademark Rights; provided, however, so long as no Event of Default shall have occurred and is continuing, nothing in this §6.3 ss.7.3 shall require the Assignor to take such action if the taking of such action is not in the Assignor's reasonable judgment desirable in the conduct of its business and the failure to take such action does not have a Material Adverse Effectmaterially adverse effect on the business, assets or financial condition of the Assignor and its Subsidiaries. The Assignor may require the Agent shall be required to join in such suit or action as may be necessary to assure the Assignor's ability to bring and maintain any such suit or action in any proper forum so long as if (but only if) the Agent is completely satisfied that such joinder will not subject the Agent or any of the Banks Bank to any risk of liability. The Assignor shall promptly, upon demand, reimburse and indemnify the Agent and the Banks for all damages, damages and reasonable costs and expenses, including legal fees, incurred by the Agent and any of the Banks pursuant to this §6ss.7.3.

Appears in 1 contract

Samples: Security Agreement (Genrad Inc)

ASSIGNOR'S ENFORCEMENT RIGHTS. The Assignor shall have the right, with right and the consent of the Agent which shall not be unreasonably withheld, duty to bring suit or other action in the Assignor's own name to maintain and enforce the Patents Trademarks, the Trademark Registrations and the Patent Trademark Rights; provided, however, so long as no Event of Default shall have occurred and is be continuing, nothing in this §6.3 7.3 shall require the Assignor to take such action if the taking of such action is not in the Assignor's reasonable judgment desirable in the conduct of its business and the failure to take such action does not have a Material Adverse Effect. The Assignor may require the Agent shall be required to join in such suit or action as may be necessary to assure the Assignor's ability to bring and maintain any such suit or action in any proper forum so long as if (but only if) the Agent is completely satisfied that such joinder will not subject the Agent or any of the Banks Bank to any risk of liability. The Assignor shall promptly, upon demand, reimburse and indemnify the Agent and the Banks for all damages, costs and expenses, including legal fees, incurred by the Agent and any of the Banks pursuant to this §67.3.

Appears in 1 contract

Samples: Trademark Agreement (Fargo Electronics Inc)

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ASSIGNOR'S ENFORCEMENT RIGHTS. The Assignor shall have the right, with the consent of the Agent which shall not be unreasonably withheld, to bring suit or other action in the Assignor's own name to enforce the Patents and the Patent Rights; provided, however, so long as no Event of Default shall have occurred and is continuing, nothing in this §6.3 ss.6.3 shall require the Assignor to take such action if the taking of such action is not in the Assignor's reasonable judgment desirable in the conduct of its business and the failure to take such action does not have a Material Adverse Effectmaterially adverse effect on the business, assets or financial condition of the Assignor and its Subsidiaries. The Agent shall be required to join in such suit or action as may be necessary to assure the Assignor's ability to bring and maintain any such suit or action in any proper forum so long as the Agent is completely satisfied that such joinder will not subject the Agent or any of the Banks to any risk of liability. The Assignor shall promptly, upon demand, reimburse and indemnify the Agent and the Banks for all damages, and reasonable costs and expenses, including legal fees, incurred by the Agent and any of the Banks pursuant to this §6ss.6.

Appears in 1 contract

Samples: Security Agreement (Genrad Inc)

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