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 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 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/)

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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 and the Financing Agreements have been terminatedfull, (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 9 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/)

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