Duties of the Assignor. Assignor shall have the duty, in each case in a manner consistent with reasonably responsible business and legal practices as determined by Assignor, (i) to prosecute diligently any patent application of the Patents, any application respecting the Marks, and any copyright application of the Copyrights pending as of the date hereof or thereafter, (ii) to make application on unpatented but patentable inventions and on registerable but unregistered trademarks, service marks and copyrights, and (iii) to preserve, maintain and enforce against infringement all rights in patent applications and patents constituting the Patents, in trademark or service xxxx applications, trademarks, service marks, and trademark or service xxxx registrations constituting the Marks, and in copyright applications, copyrights and copyright registrations constituting the Copyrights. Any expenses incurred in connection with the foregoing shall be borne by Assignor. Assignor shall not abandon any pending patent application, trademark application, copyright application, service xxxx application, patent, trademark, service xxxx or copyright without the written consent of the Assignee, for and on behalf of the Lenders.
Duties of the Assignor. Assignor agrees that, until all of the Obligations shall have been satisfied in full and Assignor shall have no further right to obtain extensions of credit pursuant to the Loan Agreement, it will not enter into any agreement (for example, a license agreement) which is inconsistent with Assignor's obligations under this Agreement, without Co-Lenders' prior written consent. Assignor further agrees that at any time and from time to time, at the expense of Assignor, Assignor will promptly execute and deliver all further instruments and documents, and take all further action, that may be necessary or desirable, or that Co-Lenders' may in good faith request, in order to perfect and protect the security interest and collateral assignment granted or purported to be granted hereby or to enable Co-Lenders' to exercise their rights and remedies hereunder. Assignor shall have the duty to prosecute diligently any trademark applications of the Trademarks pending as of me date of this Agreement or thereafter until the Obligations shall have been paid in full and Assignor shall have no further right to obtain extensions of credit pursuant to the Loan Agreement, to make federal application on registrable but unregistered Trademarks, to file and prosecute opposition and cancellation proceedings and to do any and all acts which are necessary or desirable to preserve and maintain all rights in the Trademarks. Any expenses incurred in connection with the Trademarks shall be borne by Assignor. After an Event of Default, the Assignor shall not abandon any Trademark without the consent of the Co-Lenders, which consent shall not be unreasonably withheld. Assignor shall have the right, to bring any opposition proceedings, cancellation proceedings or lawsuit in its own name to enforce or protect the Trademarks, in which event Co-Lenders may, if necessary, be joined as a nominal parties to such suit if Co-Lenders shall have been satisfied that they are not thereby incurring any risk of liability because of such joinder. Assignor shall promptly, upon demand, reimburse and indemnify Co-Lenders for all damages, costs and expenses, including attorney's fees, incurred by Co-Lenders in the fulfillment of the provisions of this paragraph 8.
Duties of the Assignor. Whereas, the ASSIGNOR do hereby covenant and agree to do all lawful acts and things and make, execute and deliver, any and/or all other instruments in writing, and any/or all papers and necessary documents, take all other actions that may be necessary for securing, completing, or vesting in the ASSIGNEE full rights, title and interest in respect of the said Trademarks. Moreover, the ASSIGNOR xxxxxx agrees to sign on any document/s and/ or papers in respect of the said Trademarks that may be required by the ASSIGNEE.
Duties of the Assignor. Assignor shall have the duty (i) to prosecute diligently any patent application of the Patents, any application respecting the Marks, and any copyright application of the Copyrights pending as of the date hereof or thereafter, (ii) to make application on unpatented but patentable inventions and on registerable but unregistered trademarks, service marks and copyrights, and (iii) to preserve, maintain and enforce against infringement all rights in patent applications and patents constituting the Patents, in trademark or service xxxx applications, trademarks, service marks, and trademark or service xxxx registrations constituting the Marks, and in copyright applications, copyrights and copyright registrations constituting the Copyrights. Any expenses incurred in connection with the foregoing shall be borne by Assignor. Assignor shall not abandon any pending patent application, trademark application, copyright application, service xxxx application, patent, trademark, service xxxx or copyright without the written consent of Assignee.
