Common use of Secured Party’s Right to Xxx Clause in Contracts

Secured Party’s Right to Xxx. From and after the occurrence and ---------------------------- during the continuance of an Event of Default, the Secured Party shall have the right, but shall in no way be obligated, to bring suit in its own name to enforce the Trademarks, and any licenses thereunder, and, if the Secured Party shall commence any such suit, the Debtor shall, at the request of the Secured Party, do any and all lawful acts and execute any and all proper documents reasonably required by the Secured Party in aid of such enforcement and the Debtor shall indemnify and shall, upon demand, promptly reimburse the Secured Party for all damages and reasonable costs and expenses, including reasonable attorneys' fees and expenses, incurred by the Secured Party in the exercise of its rights under this Section 7.

Appears in 1 contract

Samples: Trademark Security Agreement (Environmental Elements Corp)

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Secured Party’s Right to Xxx. From and after the occurrence and ---------------------------- during the continuance of an Event of Default, the Secured Party shall have the right, but shall in no way be obligated, to bring suit in its own name to enforce the TrademarksPatents, and any licenses thereunder, and, if the Secured Party shall commence any such suit, the Debtor shall, at the request of the Secured Party, do any and all lawful acts and execute any and all proper documents reasonably required by the Secured Party in aid of such enforcement and the Debtor shall indemnify and shall, upon demand, promptly reimburse the Secured Party for all damages and reasonable costs and expenses, including reasonable attorneys' fees and expenses, incurred by the Secured Party in the exercise of its rights under this Section 7.

Appears in 1 contract

Samples: Patent Security Agreement (Environmental Elements Corp)

Secured Party’s Right to Xxx. From and after the occurrence and ---------------------------- during the continuance of an any Event of DefaultDefault and the provision by Secured Party of written notice to Debtor of Secured Party’s intention to enforce its rights and claims against any of the Patents, the Trademarks or Copyrights, Secured Party shall have the right, but shall in no way be obligated, to bring suit in its own name to enforce the TrademarksPatents, Trademarks and Copyrights, and any licenses thereunder, thereunder and, if the Secured Party shall commence any such suit, the Debtor shall, at the request of the Secured Party, do any and all lawful acts and execute any and all proper documents reasonably required by the Secured Party in aid of such enforcement and the Debtor shall indemnify and shall, upon demand, promptly reimburse the Secured Party for all damages and reasonable costs and expenses, including reasonable attorneys' fees and expenses, expenses incurred by the Secured Party in the exercise of its rights under this Section 76.

Appears in 1 contract

Samples: Intellectual Property Security Agreement (Medicalcv Inc)

Secured Party’s Right to Xxx. From and after the occurrence and ---------------------------- during the continuance of an Event of Default, the Secured Party shall have the right, but shall in no way be obligated, to bring suit in its own name to enforce the TrademarksPatents, the Marks, the Copyrights and the Licenses, and any licenses thereunder, and, if the Secured Party shall commence any such suit, the Debtor each Obligor shall, at the request of the Secured Party, do any and all lawful acts and execute any and all proper documents reasonably required by the Secured Party in aid of such enforcement enforcement, and the Debtor each Obligor shall indemnify and shallpromptly, upon demand, promptly reimburse the and indemnify Secured Party for all damages and reasonable costs and expenses, including reasonable attorneys' fees and expenses, expenses incurred by the Secured Party in the exercise of its rights under this Section 710.

Appears in 1 contract

Samples: Patent, Copyright, License and Trademark Security Agreement (Health Enhancement Products Inc)

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Secured Party’s Right to Xxx. From and after the occurrence and ---------------------------- during the continuance of If an Event of DefaultDefault shall have occurred and be continuing, the Secured Party shall have the right, but shall in no way be obligated, to bring suit in its own name on behalf of ASSIGNOR to enforce any of the Trademarks, and any licenses thereunder, Trademarks or Licenses in the event ASSIGNOR declines to bring such suit and, if the Secured Party shall commence any such suit, the Debtor ASSIGNOR shall, at the request of the Secured Party, do any and all lawful acts and execute any and all proper documents reasonably required by the Secured Party in aid of such enforcement and ASSIGNOR shall promptly pay, or reimburse and indemnify the Debtor shall indemnify and shall, Secured Party upon demand, promptly reimburse the Secured Party for all damages and reasonable out-of-pocket costs and expensesexpenses (including, including without limitation, reasonable attorneys' fees and expenses, attorney’s fees) incurred by the Secured Party in the exercise of its rights under this Section 72.7.

Appears in 1 contract

Samples: United States Trademark Collateral Assignment (Emerging Vision Inc)

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