Common use of Assignee’s Rights Clause in Contracts

Assignee’s Rights. Assignee shall have the right, but not the obligation, to take, at Assignor's sole expense, any actions that Assignor is required under this Assignment to take but which Assignor fails to take, after fifteen (15) days' notice to Assignor. Assignor shall reimburse and indemnify Assignee for all reasonable costs and reasonable expenses incurred in the reasonable exercise of its rights under this section 4.

Appears in 14 contracts

Samples: Loan and Security Agreement (Graphix Zone Inc/De), Registration Rights Agreement (Conductus Inc), Loan and Security Agreement (Digirad Corp)

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Assignee’s Rights. Assignee shall have the right, but not the obligation, to take, at Assignor's sole expense, any actions that Assignor is required under this Assignment to take but which Assignor fails to take, after fifteen (15) days' notice to Assignor. Assignor shall reimburse and indemnify Assignee for all reasonable costs and reasonable expenses incurred in the reasonable exercise of its rights under this section Section 4.

Appears in 8 contracts

Samples: Collateral Assignment, Patent Mortgage and Security Agreement (Sopheon PLC), Patent Mortgage and Security Agreement (Stormedia Inc), Patent Mortgage and Security Agreement (Stormedia Inc)

Assignee’s Rights. Assignee shall have the right, but not the ------------------ obligation, to take, at Assignor's sole expense, any actions that Assignor is required under this Assignment to take but which Assignor fails to take, after fifteen (15) days' notice to Assignor. Assignor shall reimburse and indemnify Assignee for all reasonable costs and reasonable expenses incurred in the reasonable exercise of its rights under this section 4.

Appears in 2 contracts

Samples: Collateral Assignment, Patent Mortgage and Security Agreement (Sound Source Interactive Inc /De/), Patent Mortgage and Security Agreement (Silicon Gaming Inc)

Assignee’s Rights. Assignee shall have the right, but not the ----------------- obligation, to take, at Assignor's sole expense, any actions that Assignor is required under this Assignment to take but which Assignor fails to take, after fifteen (15) days' notice to Assignor. Assignor shall reimburse and indemnify Assignee for all reasonable costs and reasonable expenses incurred in the reasonable exercise of its rights under this section 4.

Appears in 2 contracts

Samples: Loan and Security Agreement (Thermatrix Inc), Patent Mortgage and Security Agreement (Sonic Innovations Inc)

Assignee’s Rights. Assignee shall have the right, but not the ----------------- obligation, to take, at Assignor's sole expense, any actions that Assignor is required under this Assignment to take but which Assignor fails to take, after fifteen five (155) days' notice to Assignor. Assignor shall reimburse and indemnify Assignee for all reasonable costs and reasonable expenses incurred in the reasonable exercise of its rights under this section 4.

Appears in 2 contracts

Samples: Security Agreement (Splash Technology Holdings Inc), And Security Agreement (Viador Inc)

Assignee’s Rights. Assignee shall have the right, but not the ----------------- obligation, to take, at each Assignor's sole expense, any actions that such Assignor is required under this Assignment to take but which such Assignor fails to take, after fifteen (15) days' notice to such Assignor. Each Assignor shall reimburse and indemnify Assignee for all reasonable costs and reasonable expenses incurred in the reasonable exercise of its rights under this section Section 4.

Appears in 2 contracts

Samples: Security Agreement (Sra International Inc), Patent Mortgage and Security Agreement (Sra International Inc)

Assignee’s Rights. Assignee shall have the right, but not the obligation, to take, at Assignor's ’s sole expense, any actions that Assignor is required under this Assignment to take but which Assignor fails to take, after fifteen (15) days' notice to Assignor. Assignor shall reimburse and indemnify Assignee for all reasonable costs and reasonable expenses incurred in the reasonable exercise of its rights under this section Section 4.

Appears in 2 contracts

Samples: Loan and Security Agreement (Digirad Corp), Loan and Security Agreement (Digirad Corp)

Assignee’s Rights. Assignee shall have the right, but not the obligation, to take, at Assignor's sole expense, any actions that Assignor assignor is required under this Assignment to take but which Assignor fails to take, after fifteen (15) days' notice to Assignor. Assignor shall reimburse and indemnify Assignee 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: Collateral Assignment, Patent Mortgage and Security Agreement (Rogue Wave Software Inc /Or/)

Assignee’s Rights. Assignee shall have the right, but not the obligation, to take, at Assignor's sole expense, any actions that Assignor is required under this Assignment to take but which Assignor fails to take, after fifteen (15) days' notice to Assignor. Assignor shall reimburse and indemnify Assignee 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: Patent Mortgage and Security Agreement (Excite Inc)

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Assignee’s Rights. Assignee shall have the right, but not the ------------------ obligation, to take, at Assignor's sole expense, any actions that Assignor is required under this Assignment Agreement to take but which Assignor fails to take, after fifteen (15) days' notice to Assignor. Assignor shall reimburse and indemnify Assignee for all reasonable costs and reasonable expenses incurred in the reasonable exercise of its rights under this section 4.

Appears in 1 contract

Samples: Mortgage and Security Agreement (Natus Medical Inc)

Assignee’s Rights. Assignee shall have the right, but not the ----------------- obligation, to take, at Assignor's sole expense, any actions that Assignor is required under this Assignment to take but which Assignor fails to take, after fifteen (15) days' notice to Assignor. Assignor shall reimburse and indemnify Assignee for all reasonable costs and reasonable expenses incurred in the reasonable expenses incurred in the reasonable exercise of its rights under this section 4.

Appears in 1 contract

Samples: Collateral Assignment, Patent Mortgage and Security Agreement (Natus Medical Inc)

Assignee’s Rights. Assignee shall have the right, but not the obligation, to take, at Assignor's sole expense, any actions that Assignor is required under this Assignment to take but which Assignor fails to take, after fifteen (15) days' notice to Assignor. Assignor shall reimburse and indemnify Assignee for all reasonable costs and reasonable expenses incurred in the reasonable exercise of its rights under this section Section 4. 5.

Appears in 1 contract

Samples: Loan and Security Agreement (Consilium Inc)

Assignee’s Rights. Assignee shall have the right, but not the ------------------ obligation, to take, at Assignor's sole expense, any actions that Assignor is required under this Assignment to take but which Assignor fails to take, after fifteen (15) days' notice to AssignorAssignor and only if the value of the Collateral taken as a whole would be materially adversely affected in the absence of such action. Assignor shall reimburse and indemnify Assignee for all reasonable costs and reasonable expenses incurred in the reasonable exercise of its rights under this section 4.

Appears in 1 contract

Samples: Collateral Assignment (Evolving Systems Inc)

Assignee’s Rights. Assignee shall have the right, but not the obligation, to take, at Assignor's sole expense, any actions that Assignor is required under this Assignment to take but which Assignor fails to take, after fifteen (15) days' notice to Assignor. Assignor shall reimburse and indemnify Assignee 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: Loan Agreement (Tut Systems Inc)

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