LENDER'S RIGHTS. Lender shall have the right, but not the obligation, to take, at Grantor's sole expense, any actions that Grantor is required under this IP Agreement to take but which Grantor fails to take, after fifteen (15) days' notice to Grantor. Grantor shall reimburse and indemnify Lender for all reasonable costs and reasonable expenses incurred in the reasonable exercise of its rights under this section 4.
Appears in 10 contracts
Samples: Intellectual Property Security Agreement (Axs One Inc), Accounts Receivable Financing Agreement (Mercator Software Inc), Intellectual Property Security Agreement (Visual Networks Inc)
LENDER'S RIGHTS. Lender shall have the right, but not the obligation, to take, at Grantor's ’s sole expense, any actions that Grantor is required under this IP Agreement to take but which Grantor fails to take, after fifteen (15) days' ’ notice to Grantor. Grantor shall reimburse and indemnify Lender for all reasonable costs and reasonable expenses incurred in the reasonable exercise of its rights under this section 4.
Appears in 10 contracts
Samples: Loan and Security Agreement (Art Technology Group Inc), Intellectual Property Security Agreement (Infinera Corp), Intellectual Property Security Agreement (BG Medicine, Inc.)
LENDER'S RIGHTS. Lender shall have the right, but not the obligation, to take, at Grantor's ’s sole expense, any actions that Grantor is required under this IP Agreement to take but which Grantor fails to take, after fifteen (15) days' ’ written notice to Grantor. Grantor shall reimburse and indemnify Lender for all reasonable costs and reasonable expenses incurred in the reasonable exercise of its rights under this section 4.
Appears in 3 contracts
Samples: Intellectual Property Security Agreement (Paradigm Holdings, Inc), Intellectual Property Security Agreement (Paradigm Holdings, Inc), Intellectual Property Security Agreement (Paradigm Holdings, Inc)
LENDER'S RIGHTS. Lender shall have the right, but not the obligation, to take, at Grantor's ’s sole expense, any actions that Grantor is required under this IP Agreement to take but which Grantor fails to timely take, after fifteen (15) days' ’ notice to Grantor. Grantor shall reimburse and indemnify Lender for all reasonable costs and reasonable expenses incurred in the reasonable exercise of its rights under this section 4.
Appears in 2 contracts
Samples: Intellectual Property Security Agreement (Cyoptics Inc), Intellectual Property Security Agreement (Cyoptics Inc)
LENDER'S RIGHTS. Lender shall have the right, but not the obligation, to take, at Grantor's sole expense, any actions that Grantor is required under this IP Agreement to take but which Grantor fails to take, after fifteen (15) days' notice to Grantor. Grantor shall reimburse and indemnify Lender for all reasonable costs and reasonable expenses incurred in the reasonable exercise of its rights under this section Section 4.
Appears in 1 contract
Samples: Intellectual Property Security Agreement (Internet Commerce Corp)
LENDER'S RIGHTS. Lender shall have the right, but not the obligation, to take, at Grantor's sole expense, any actions that Grantor is required under this IP Agreement to take but which Grantor fails to take, after fifteen (15) days' written notice to Grantor. Grantor shall reimburse and indemnify Lender for all reasonable costs and reasonable expenses incurred in the reasonable exercise of its rights under this section Section 4.
Appears in 1 contract
Samples: Intellectual Property Security Agreement (Navisite Inc)
LENDER'S RIGHTS. Lender shall have the right, but not the --------------- obligation, to take, at Grantor's sole expense, any actions that Grantor is required under this IP Agreement to take but which Grantor fails to take, after fifteen (15) days' written notice to Grantor. Grantor shall reimburse and indemnify Lender for all reasonable costs and reasonable expenses incurred in the reasonable exercise of its rights under this section 4.
Appears in 1 contract
Samples: Intellectual Property Security Agreement (Interliant Inc)
LENDER'S RIGHTS. Lender shall have the right, but not the obligation, to take, at Grantor's sole expense, any actions atones that Grantor is required under this IP Agreement to take but which Grantor fails to take, after fifteen (15) days' notice to Grantor. Grantor shall reimburse and indemnify Lender for all reasonable costs and reasonable expenses incurred in the reasonable exercise of its rights under this section 4.
Appears in 1 contract
Samples: Intellectual Property Security Agreement (Sandbox Entertainment Corp)
LENDER'S RIGHTS. Lender shall have the right, but not the obligation, ---------------- to take, at Grantor's sole expense, any actions that Grantor is required under this IP Agreement to take but which Grantor fails to take, after fifteen (15) days' notice to Grantor. Grantor shall reimburse and indemnify Lender for all reasonable costs and reasonable expenses incurred in the reasonable exercise of its rights under this section 4.
Appears in 1 contract
Samples: Intellectual Property Security Agreement (Seachange International Inc)
LENDER'S RIGHTS. Lender Lenders shall have the right, but not the obligation, to take, at Grantor's ’s sole expense, any actions that Grantor is required under this IP Agreement to take but which Grantor fails to take, after fifteen (15) days' ’ notice to Grantor. Grantor shall reimburse and indemnify Lender Lenders for all reasonable costs and reasonable expenses incurred in the reasonable exercise of its rights under this section 4.
Appears in 1 contract
Samples: Intellectual Property Security Agreement (Infinera Corp)
