Duties of Grantor. Grantor shall have the duty (i) to file and prosecute diligently any trademark applications pending as of the date hereof or hereafter until the Liabilities shall have been paid and satisfied in full and all of the Financing Agreements have been terminated, (ii) to preserve and maintain all rights in the Trademarks, as commercially reasonable and (iii) to ensure that the Trademarks are and remain enforceable, as commercially reasonable. Any expenses incurred in connection with the Liabilities under this Section 10 shall be borne by Grantor.
Appears in 2 contracts
Samples: Trademark Security Agreement (Medical Technology Systems Inc /De/), Trademark Security Agreement (Medical Technology Systems Inc /De/)
Duties of Grantor. Grantor shall have the duty (i) to file and prosecute diligently any trademark applications pending as of the date hereof or hereafter until the Liabilities shall have been paid and satisfied in full and all of the Financing Agreements have been terminatedfull, (ii) to preserve and maintain all rights in the Trademarks, as commercially reasonable and (iii) to ensure that the Trademarks are and remain enforceable, as commercially reasonable. Any expenses incurred in connection with the Liabilities under this Section 10 11 shall be borne by Grantor.
Appears in 2 contracts
Samples: Trademark Security Agreement (Medical Technology Systems Inc /De/), Trademark Security Agreement (Medical Technology Systems Inc /De/)
Duties of Grantor. Grantor shall have the duty (ia) to file and prosecute diligently any trademark applications pending as of the date hereof or hereafter until the Liabilities Obligations shall have been paid and satisfied in full and all of the Financing Agreements Loan Documents have been terminated, (iib) to preserve and maintain all rights in the Trademarks, as commercially reasonable and (iiic) to ensure that the Trademarks are and remain enforceable, as commercially reasonable. Any expenses incurred in connection with the Liabilities Obligations under this Section 10 shall be borne by Grantor.
Appears in 2 contracts
Samples: Trademark Security Agreement (Intricon Corp), Trademark Security Agreement (Intricon Corp)
Duties of Grantor. Grantor shall have the duty (ia) to file and prosecute diligently with commercially reasonable diligence any trademark patent applications pending as of the date hereof or hereafter until the Liabilities Obligations shall have been paid and satisfied in full and all of the Financing Agreements have Loan Agreement has been terminated, (iib) to preserve and maintain all rights in the TrademarksPatents Collateral, as commercially reasonable reasonable, and (iiic) to ensure that the Trademarks are Patents is and remain remains enforceable, as commercially reasonable. Any expenses incurred in connection with the Liabilities obligations of Grantor under this Section 10 shall be borne by Grantor.
Appears in 1 contract