Common use of Duties of Grantor Clause in Contracts

Duties of Grantor. Grantor shall have the duty (i) to file and prosecute diligently any patent applications pending as of the date hereof or hereafter until the Liabilities shall have been paid and satisfied in full, (ii) to make application on unpatented but patentable inventions, as commercially reasonable, (iii) to preserve and maintain all rights in the Patents, as commercially reasonable and (iv) to ensure that the Patents are and remain enforceable, as commercially reasonable. Any expenses incurred in connection with Grantor's obligations under this Section 10 shall be borne by Grantor.

Appears in 3 contracts

Samples: Patent Security Agreement (Medical Technology Systems Inc /De/), Patent Security Agreement (Medical Technology Systems Inc /De/), Patent Security Agreement (Medical Technology Systems Inc /De/)

AutoNDA by SimpleDocs

Duties of Grantor. Grantor shall have the duty (i) to file and prosecute diligently any patent applications pending as of the date hereof or hereafter until the Liabilities shall have been paid and satisfied in fullfull and the Financing Agreements have been terminated, (ii) to make application on unpatented but patentable inventions, as commercially reasonable, (iii) to preserve and maintain all rights in the Patents, as commercially reasonable and (iv) to ensure that the Patents are and remain enforceable, as commercially reasonable. Any expenses incurred in connection with Grantor's obligations under this Section 10 9 shall be borne by Grantor.

Appears in 3 contracts

Samples: Patent Security Agreement (Medical Technology Systems Inc /De/), Patent Security Agreement (Medical Technology Systems Inc /De/), Patent Security Agreement (Medical Technology Systems Inc /De/)

AutoNDA by SimpleDocs

Duties of Grantor. Grantor shall have the duty (ia) to file and prosecute diligently with commercially reasonable diligence any patent applications pending as of the date hereof or hereafter until the Liabilities Obligations shall have been paid in full and satisfied in fullthe Loan Agreement has been terminated, (ii) to make application on unpatented but patentable inventions, as commercially reasonable, (iiib) to preserve and maintain all rights in the PatentsPatents Collateral, as commercially reasonable reasonable, and (ivc) to ensure that the Patents are is and remain remains enforceable, as commercially reasonable. Any expenses incurred in connection with Grantor's the obligations of Grantor under this Section 10 shall be borne by Grantor.

Appears in 1 contract

Samples: Patent Security Agreement (Intricon Corp)

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