BANK’S RIGHTS. Bank shall have the right, but not the obligation, to take, at Grantor's sole expense, any actions that Grantor is required under this IP Agreement to take but which Grantor fails to take, after fifteen (15) days' notice to Grantor. Grantor shall reimburse and indemnify Bank for all reasonable costs and reasonable expenses incurred in the reasonable exercise of its rights under this section 4.
Appears in 8 contracts
Samples: Accounts Receivable Purchase Agreement (Cognigen Networks Inc), Accounts Receivable Purchase Agreement (Xetel Corp), Accounts Receivable Financing Agreement (Syntellect Inc)
BANK’S RIGHTS. Bank shall have the right, but not the obligation, to take, at Grantor's ’s sole expense, any actions that Grantor is required under this IP Agreement to take but which Grantor fails to take, after fifteen (15) days' ’ notice to Grantor. Grantor shall reimburse and indemnify Bank for all reasonable costs and reasonable expenses incurred in the reasonable exercise of its rights under this section 4.
Appears in 3 contracts
Samples: Accounts Receivable Financing Agreement (Insignia Solutions PLC), Accounts Receivable Purchase Agreement (Egain Communications Corp), Intellectual Property Security Agreement (Timeline Inc)
BANK’S RIGHTS. Bank shall have the right, but not the obligation, -------------- to take, at Grantor's sole expense, any actions that Grantor is required under this IP Agreement to take but which Grantor fails to take, after fifteen (15) days' notice to Grantor. Grantor shall reimburse and indemnify Bank for all reasonable costs and reasonable expenses incurred in the reasonable exercise of its rights under this section 4.
Appears in 2 contracts
Samples: Intellectual Property Security Agreement (Rapidtron Inc), Intellectual Property Security Agreement (Rapidtron Inc)
BANK’S RIGHTS. Bank shall have the right, but not the obligation, to take, at Grantor's sole expense, any actions that Grantor is required under this IP Agreement to take but which Grantor fails to take, after fifteen (15) days' notice to Grantor. Grantor shall reimburse and indemnify Bank for all reasonable costs and reasonable expenses incurred in the reasonable exercise of its rights under this section Section 4.
Appears in 1 contract
Samples: Accounts Receivable Financing Agreement (Fischer Imaging Corp)
BANK’S RIGHTS. Bank shall have the right, but not net the obligation, to take, at Grantor's sole expense, any actions that Grantor is required under this IP Agreement to take but which Grantor fails to take, after fifteen (15) days' days notice to Grantor. Grantor shall reimburse and indemnify Bank for all reasonable costs and reasonable expenses incurred in the reasonable exercise of its rights under this section 4.
Appears in 1 contract
Samples: Intellectual Property Security Agreement (Aml Communications Inc)
BANK’S RIGHTS. Bank shall have the right, but not the obligation, to take, at Grantor's sole expense, any actions that Grantor is required under this IP Agreement to take but which Grantor fails to take, after fifteen three (153) daysBusiness Days' written notice to Grantor. Grantor shall reimburse and indemnify Bank for all reasonable costs and reasonable expenses incurred in the reasonable exercise of its rights under this section 4Section 5.
Appears in 1 contract
BANK’S RIGHTS. Bank shall have the right, but not the obligation, to take, at Grantor's ’s sole expense, any actions that Grantor is required under this IP Agreement to take but which Grantor fails to take, after fifteen (15) days' ’ notice to Grantor. Grantor shall reimburse and indemnify Bank for all reasonable costs and reasonable expenses expenses, including, without limitation, the reasonable attorney’s fees and expenses, incurred in the reasonable exercise of its rights under this section 4.
Appears in 1 contract
Samples: Intellectual Property Security Agreement (Microfluidics International Corp)
