Duties of Pledgor. Pledgor 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 in full and the Loan Documents 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 Pledgor’s obligations under this Section 9 shall be borne by Pledgor.
Duties of Pledgor. Pledgor shall have the duty (i) to file and prosecute diligently any trademark applications pending as of the date hereof or hereafter until Pledgor’s Liabilities shall have been paid in full and the Loan Documents 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 Pledgor’s Liabilities under this Section 10 shall be borne by Pledgor.
Duties of Pledgor. Until all of the Obligations have been paid and performed in full, the Pledgor
Duties of Pledgor. Pledgor shall have the duty to (i) prosecute diligently any patent application, or trademark application or service xxxx application that is part of the Trademarks pending as of the date hereof or thereafter until the termination of this Agreement, and (ii) preserve and maintain all of Pledgor’s rights in the patents, patent applications, trademark applications, service xxxx applications and trademark and service xxxx registrations that are part of the Patents and Trademarks. Any expenses incurred in connection with the foregoing shall be borne by Pledgor. Pledgor shall not, without thirty (30) days prior written notice to the Lender, abandon any trademark or service xxxx that is the subject of a registered trademark, service xxxx or application therefor and which, is or shall be necessary or economically desirable in the operation of the Pledgor’s business. The Lender shall not have any duty with respect to the Patents, Trademarks and/or Copyrights. Without limiting the generality of the foregoing, the Lender shall not be under any obligation to take any steps necessary to preserve rights in the Patents, Trademarks and/or Copyrights against any other parties, but may do so at its option during the continuance of an Event of Default, and all expenses incurred in connection therewith shall be for the sole account of Pledgor and added to the Obligations and liabilities secured hereby and by the Security Agreement.
Duties of Pledgor. Each Pledgor shall have the duty, to the extent desirable in the normal conduct of such Pledgor's business, to: (i) prosecute diligently any Intellectual Property Collateral application that is part of the Intellectual Property Collateral pending as of the date hereof or hereafter until the termination of this Agreement, and (ii) make applications for Intellectual Property Collateral that are necessary in the operation of such Pledgor's business. Each Pledgor further agrees (i) not to abandon any Intellectual Property Collateral unless (x) such Pledgor shall have obtained the prior written consent of Senior Bank Agent to the extent required pursuant to the Senior Credit Facility or (y) subsequent applications relating to such abandoned Intellectual Property have been filed with respect to similar subject matter or (z) where such Pledgor, in its reasonable business judgment, concludes that such Intellectual Property is no longer useful in the conduct of such Pledgor's business, and (ii) to use its commercially reasonable efforts to maintain in full force and effect the Intellectual Property Collateral that are or shall be necessary or economically desirable in the operation of such Pledgor's business. Any expenses incurred in connection with the foregoing shall be borne by such Pledgor. Neither Trustee nor any other Secured Party shall have any duty with respect to the Intellectual Property Collateral. Without limiting the generality of the foregoing, Trustee shall not be under any obligation to take any steps necessary to preserve rights in the Intellectual Property Collateral against any other Persons, but may, subject to the provisions of the Intecreditor Agreement, do so at its option from and after the occurrence and during the continuance of an Event of Default, and all reasonable expenses incurred in connection therewith shall be for the sole account of such Pledgor and shall be added to the Secured Obligations secured hereby.
Duties of Pledgor. 1. It is the duty of the pledgor to repay the loan taken from the pledgee within the time and in the manner specified in the contract.
Duties of Pledgor. Pledgor's duty to perform and observe the agreements and covenants on its part contained herein shall be absolute and unconditional, except as expressly provided herein.
