Common use of Collateral Protection Clause in Contracts

Collateral Protection. If the Assignor shall fail to do any act that it has covenanted to do hereunder, or if any representation or warranty of the Assignor shall be breached, the Agent, in its own name or that of the Assignor (in the sole discretion of the Agent), may (but shall not be obligated to) do such act or remedy such breach (or cause such act to be done or such breach to be remedied), and the Assignor agrees promptly to reimburse the Agent for any cost or expense incurred by the Agent in so doing.

Appears in 11 contracts

Samples: Patent Collateral Assignment and Security Agreement (PCD Inc), Trademark Collateral Security and Pledge Agreement (PCD Inc), Trademark Collateral Security and Pledge Agreement (PCD Inc)

AutoNDA by SimpleDocs

Collateral Protection. If the Assignor shall fail to do any act that --------------------- it has covenanted to do hereunder, or if any representation or warranty of the Assignor shall be breached, the Agent, in its own name or that of the Assignor (in the sole discretion of the Agent), may (but shall not be obligated to) do such act or remedy such breach (or cause such act to be done or such breach to be remedied), and the Assignor agrees promptly to reimburse the Agent for any cost or expense incurred by the Agent in so doing.

Appears in 5 contracts

Samples: Patent Collateral Assignment and Security Agreement (Jackson Products Inc), Patent Collateral Assignment and Security Agreement (Jackson Products Inc), Patent Collateral Assignment and Security Agreement (Jackson Products Inc)

Collateral Protection. If the Assignor shall fail to do any act --------------------- that it has covenanted to do hereunder, or if any representation or warranty of the Assignor shall be breached, the Agent, in its own name or that of the Assignor (in the sole discretion of the Agent), may (but shall not be obligated to) do such act or remedy such breach (or cause such act to be done or such breach to be remedied), and the Assignor agrees promptly to reimburse the Agent for any cost or expense incurred by the Agent in so doing.

Appears in 5 contracts

Samples: Security and Pledge Agreement (Jackson Products Inc), Security and Pledge Agreement (Jackson Products Inc), Patent Collateral Assignment and Security Agreement (Jackson Products Inc)

Collateral Protection. If the Assignor shall fail to do any act ---------- ---------- that it has covenanted to do hereunder, or if any representation or warranty of the Assignor shall be breached, the Agent, in its own name or that of the Assignor (in the sole discretion of the Agent), may (but shall not be obligated to) do such act or remedy such breach (or cause such act to be done or such breach to be remedied), and the Assignor agrees promptly to reimburse the Agent for any cost or expense incurred by the Agent in so doing.

Appears in 2 contracts

Samples: Security and Pledge Agreement (Jackson Products Inc), Security and Pledge Agreement (Jackson Products Inc)

Collateral Protection. If the Assignor shall fail to do any act that it has covenanted to do hereunder, or if any representation or warranty of the Assignor shall be breachedbreached in any material respect, the Agent, in its own name or that of the Assignor (in the sole discretion of the Agent), may (but shall not be obligated to) do such act or remedy such breach (or cause such act to be done or such breach to be remedied), and the Assignor agrees promptly to reimburse the Agent for any cost or expense incurred by the Agent in so doing.

Appears in 2 contracts

Samples: Security and Pledge Agreement (Gander Mountain Co), Security and Pledge Agreement (Gander Mountain Co)

Collateral Protection. If the Assignor shall fail to do any act that it has covenanted to do hereunder, or if any representation or warranty of the Assignor shall be breached, the Administrative Agent, in its own name or that of the Assignor (in the sole discretion of the Administrative Agent), may (but shall not be obligated to) do such act or remedy such breach (or cause such act to be done or such breach to be remedied), and the Assignor agrees promptly to reimburse the Administrative Agent for any reasonable cost or expense incurred by the Administrative Agent in so doing.

Appears in 1 contract

Samples: Patent Collateral Assignment and Security Agreement (Blue Steel Capital Corp)

Collateral Protection. If the Assignor shall fail to do any act that it has covenanted to do hereunder, or if any representation or warranty of the Assignor shall be breached, the Agent, in its own name or that of the Assignor (in the sole discretion of the Agent), may (but shall not be obligated to) do such act or remedy such breach (or cause such act to be done or such breach to be remedied), and the Assignor agrees promptly to reimburse the Agent for any documented cost or expense incurred by the Agent in so doing.

Appears in 1 contract

Samples: Trademark Collateral Security and Pledge Agreement (Hawaii Parking Maintenance Inc)

Collateral Protection. If the Assignor shall fail to do any act that it has covenanted to do hereunder, or if any representation or warranty of the Assignor shall be breached, the Administrative Agent, in its own name or that of the Assignor (in the sole discretion of the Administrative Agent), may (but shall not be obligated to) do such act or remedy such breach (or cause such act to be done or such breach to be remedied), and the Assignor agrees promptly to reimburse the Administrative Agent for any cost or expense incurred by the Administrative Agent in so doing.

Appears in 1 contract

Samples: Trademark Collateral Assignment Agreement (Blue Steel Capital Corp)

Collateral Protection. If the any Assignor shall fail to do any act that it has covenanted to do hereunder, or if any representation or warranty of the any Assignor shall be breached, the Collateral Agent, in its own name or that of the any Assignor (in the sole discretion of the Collateral Agent), may (but shall not be obligated to) do such act or remedy such breach (or cause such act to be done or such breach to be remedied), and the Assignor agrees Assignors agree jointly and severally promptly to reimburse the Collateral Agent for any cost or expense incurred by the Collateral Agent in so doing.

Appears in 1 contract

Samples: Trademark Collateral Security and Pledge Agreement (Real Mex Restaurants, Inc.)

AutoNDA by SimpleDocs

Collateral Protection. If the Assignor shall fail to do any act that it has covenanted to do hereunder, or if any representation or warranty of the Assignor shall be breached, the Collateral Agent, in its own name or that of the Assignor (in the sole discretion of the Collateral Agent), may (but shall not be obligated to) do such act or remedy such breach (or cause such act to be done or such breach to be remedied), and the Assignor agrees promptly to reimburse the Collateral Agent for any cost or expense incurred by the Collateral Agent in so doing.

Appears in 1 contract

Samples: Trademark Collateral Security and Pledge Agreement (Sos Staffing Services Inc)

Collateral Protection. If the Assignor shall fail to do any act that it has covenanted to do hereunder, or if any representation or warranty of the Assignor shall be breached, the Agent, in its own name or that of the Assignor (in the sole discretion of the Agent), may (but shall not be obligated to) do such act or remedy such breach (or cause such act to be done or such breach to be remedied), and the Assignor agrees promptly to reimburse the Agent for any reasonable and documented cost or expense incurred by the Agent in so doing.

Appears in 1 contract

Samples: Patent Collateral Assignment and Security Agreement (Hawaii Parking Maintenance Inc)

Collateral Protection. If the Assignor shall fail to do any act that it has covenanted to do hereunder, or if any representation or warranty of the Assignor shall be breached, the Agent, in its own name or that of the Assignor (in the sole discretion of the Agent), may (but shall not be obligated to) do such act or remedy such breach (or cause such act to be done or such breach to be remedied), and the Assignor agrees promptly to reimburse the Agent Bank for any cost or expense incurred by the Agent in so doing.

Appears in 1 contract

Samples: Trademark Collateral Security and Pledge Agreement (Charlotte Russe Holding Inc)

Collateral Protection. If the Assignor shall fail to do any act that it has covenanted to do hereunderhereunder in the time prescribed herein, or if any representation or warranty of the Assignor shall be breached, the Agent, in its own name or that of the Assignor (in the sole discretion of the Agent), may (but shall not be obligated to) do such act or remedy such breach (or cause such act to be done or such breach to be remedied), and the Assignor agrees promptly to reimburse the Agent for any cost or expense incurred by the Agent in so doing.

Appears in 1 contract

Samples: Security and Pledge Agreement (National Auto Finance Co Inc)

Collateral Protection. If the Assignor shall fail to do any act that it has covenanted to do hereunder, or if any representation or warranty of the Assignor shall be breached, the Agent, in its own name or that of the Assignor (in the sole discretion of the Agent), may (but shall not be obligated to) do such act or remedy such breach (or cause such act to be done or such breach to be remedied), and the Assignor agrees promptly to reimburse the Agent for any reasonable cost or expense incurred by the Agent in so doing.

Appears in 1 contract

Samples: Security Agreement (Genrad Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.