Duties of the Debtor Sample Clauses

Duties of the Debtor. Until all Obligations then due and owing -------------------- shall have been paid in full and this Agreement shall have been terminated, the Debtor shall (i) prosecute diligently any Trademark application that is part of the Trademarks pending as of the date hereof, (ii) make application on unpatented but patentable inventions that are part of the Collateral as it deems appropriate in its business judgment, (iii) preserve and maintain all rights in Trademark applications and Trademarks that are part of the Trademarks, including the payment of all maintenance fees; (iv) not intentionally abandon any pending Trademark application if in its business judgment the value thereof could be expected to justify the cost of obtaining such Trademark, and (v) not intentionally abandon any Trademark. Any expenses incurred in connection with the applications referred to in this Section 6 shall be borne by the Debtor. The Debtor agrees to retain or employ an experienced Trademark attorney for the filing and prosecution of all such applications and other proceedings. The Debtor shall keep the Secured Party advised on a current basis of the abandonment of any Trademark or Trademark application, and the grant of any nonexclusive Trademark license, to the extent such Trademarks or Trademark applications are part of the Trademarks. If the Debtor fails to comply with any of the foregoing duties, the Secured Party may so comply in the Debtor's name to the extent permitted by law, but at the Debtor's expense, and the Debtor hereby agrees to reimburse the Secured Party in full for all reasonable expenses, including the reasonable fees and disbursements of attorneys and paralegals (excluding charges for inside counsel) incurred by the Secured Party in protecting, defending and maintaining the Trademarks. If the Debtor shall fail to pay when due any fees required to be paid by it hereunder, or shall fail to discharge any Lien prohibited hereby, or shall fail to comply with any other duty hereunder, the Secured Party may, but shall not be required to, pay, satisfy, discharge or bond the same for the account of the Debtor, and all moneys so paid out shall be a part of the Obligations of the Debtor repayable on demand, together with interest at the default rate. The Debtor shall take all action reasonably necessary to preserve and maintain the validity, perfection and priority of the Secured Party's interest granted herein in the Trademarks, subject to Permitted Encumbrances.
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Duties of the Debtor. The Debtor shall have the duty (i) to prosecute diligently any patent applications pending as of the date hereof or hereafter, as commercially reasonable, until the Obligations shall have been paid in full and the Credit Agreement has been terminated, (ii) to preserve and maintain all rights in the Patent Collateral, as commercially reasonable, and (iii) to ensure that the Patents are and remain enforceable, as commercially reasonable. Any expenses incurred in connection with the Debtor’s obligations under this Section 10 shall be borne by the Debtor.
Sample 1
Duties of the Debtor 
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Related to Duties of the Debtor

  • Duties of the Bank The Bank shall perform the following functions:

  • DUTIES OF THE COMPANY The Company shall provide Consultant, on a regular and timely basis, with all approved data and information about it, its subsidiaries, its management, its products and services and its operations as shall be reasonably requested by Consultant, and shall advise Consultant of any facts which would affect the accuracy of any data and information previously supplied pursuant to this paragraph. The Company shall promptly supply Consultant with full and complete copies of all financial reports, all fillings with all federal and state securities agencies; with full and complete copies of all stockholder reports; with all data and information supplied by any financial analyst, and with all brochures or other sales materials relating to its products or services.

  • Duties of the Trust The Trust shall provide the Manager with the following information about the Fund:

  • Duties of the Fund (a) Each Fund shall furnish to the Distributor copies of all information, financial statements and other papers which the Distributor may reasonably request for use in connection with the distribution of its Shares, including one certified copy, upon request by the Distributor, of all financial statements prepared by the Fund and examined by independent accountants. Each Fund shall, at the expense of the Distributor, make available to the Distributor such number of copies of its Prospectus as the Distributor shall reasonably request.

  • Duties of the Custodian with Respect to Property of the Fund Held By the Custodian in the United States

  • Duties of the Servicer The Servicer is hereby authorized to act as agent for the Trust and in such capacity shall manage, service, administer and make collections on the Receivables, and perform the other actions required by the Servicer under this Agreement. The Servicer agrees that its servicing of the Receivables shall be carried out in accordance with customary and usual procedures of institutions which service motor vehicle retail installment sale contracts or promissory notes and, to the extent more exacting, the degree of skill and attention that the Servicer exercises from time to time with respect to all comparable motor vehicle receivables that it services for itself or others. In performing such duties, so long as GM Financial is the Servicer, it shall substantially comply with the Servicing Policies and Procedures. The Servicer’s duties shall include, without limitation, collecting and posting all payments, responding to inquiries of Obligors on the Receivables, investigating delinquencies, sending payment invoices to Obligors, reporting any required tax information to Obligors, monitoring the Collateral, accounting for collections and furnishing monthly and annual statements to the Trust Collateral Agent and the Trustee with respect to distributions, and performing the other duties specified herein. The Servicer, or if GM Financial is no longer the Servicer, GM Financial, at the request of the Servicer, shall also administer and enforce all rights and responsibilities of the holder of the Receivables provided for in the Dealer Agreements (and shall maintain possession of the Dealer Agreements, to the extent it is necessary to do so), the Dealer Assignments and the Insurance Policies, to the extent that such Dealer Agreements, Dealer Assignments and Insurance Policies relate to the Receivables, the Financed Vehicles or the Obligors. To the extent consistent with the standards, policies and procedures otherwise required hereby, the Servicer shall follow its customary standards, policies, and procedures and shall have full power and authority, acting alone, to do any and all things in connection with such managing, servicing, administration and collection that it may deem necessary or desirable. Without limiting the generality of the foregoing, the Servicer is hereby authorized and empowered by the Trust to execute and deliver, on behalf of the Trust, any and all instruments of satisfaction or cancellation, or of partial or full release or discharge, and all other comparable instruments, with respect to the Receivables and with respect to the Financed Vehicles; provided, however, that notwithstanding the foregoing, the Servicer shall not, except pursuant to an order from a court of competent jurisdiction, release an Obligor from payment of any unpaid amount under any Receivable or waive the right to collect the unpaid balance of any Receivable from the Obligor, except in accordance with the Servicer’s customary practices. The Servicer is hereby authorized to commence, in its own name or in the name of the Trust, a legal proceeding to enforce a Receivable pursuant to Section 4.3 or to commence or participate in any other legal proceeding (including, without limitation, a bankruptcy proceeding) relating to or involving a Receivable, an Obligor or a Financed Vehicle. If the Servicer commences or participates in such a legal proceeding in its own name, the Trust shall thereupon be deemed to have automatically assigned such Receivable to the Servicer solely for purposes of commencing or participating in any such proceeding as a party or claimant, and the Servicer is authorized and empowered by the Trust to execute and deliver in the Servicer’s name any notices, demands, claims, complaints, responses, affidavits or other documents or instruments in connection with any such proceeding. The Trust Collateral Agent and the Owner Trustee shall furnish the Servicer with any limited powers of attorney and other documents which the Servicer may reasonably request and which the Servicer deems necessary or appropriate and take any other steps which the Servicer may deem necessary or appropriate to enable the Servicer to carry out its servicing and administrative duties under this Agreement. As set forth in Section 9.3, in the event the Servicer fails to perform its obligations hereunder, the successor Servicer shall be responsible for the Servicer’s duties in this Agreement as if it were the Servicer, provided that the successor Servicer shall not be liable for the Servicer’s breach of its obligations.

  • Administrative Duties of the Servicer SECTION 10.1. ADMINISTRATIVE DUTIES. (a)

  • Duties of the Sub Advisor The Sub-Advisor will provide the following services and undertake the following duties:

  • Duties of the Parties JHU is not a commercial organization. It is an institute of research and education. Therefore, JHU has no ability to evaluate the commercial potential of any PATENT RIGHTS or LICENSED PRODUCT or other license or rights granted in this Agreement. It is therefore incumbent upon Company to evaluate the rights and products in question, to examine the materials and information provided by JHU, and to determine for itself the validity of any PATENT RIGHTS, its freedom to operate, and the value of any LICENSED PRODUCTS or SERVICES or other rights granted.

  • Duties of the Employee The Executive represents and warrants that the performance by Executive of the Executive’s duties and obligations under this Agreement will not violate any agreement between the Executive and any other person, firm, partnership, corporation or other organization.

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