Common use of Duties of Grantors Clause in Contracts

Duties of Grantors. Each Grantor shall have the duty to (i) prosecute ------------------ diligently any patent application or trademark application pending as of the date hereof or thereafter until the Obligations shall have been indefeasibly paid in full, no Commitment remains outstanding and no Letter of Credit remains outstanding, (ii) upon the occurrence and during the continuance of an Event of Default, make application on unpatented but patentable inventions owned by any Grantor and on Marks, as the case may be, as the Agent reasonably deem appropriate, (iii) file and prosecute opposition and cancellation proceedings and (iv) take all reasonable action necessary to preserve and maintain all rights in patent applications of the Patents and in applications for registrations of the Marks. Any expenses incurred in connection with such applications shall be borne by the Grantors. No Grantor shall abandon any right to file a Patent application or Xxxx application without the consent of the Agent. Each Grantor shall give proper statutory notice in connection with its use of each such Xxxx to the extent necessary for the protection of each of the Marks. Each Grantor shall notify the Agent of any suits it commences to enforce the Patents and Marks and shall provide the Agent with copies of any documents reasonably requested by the Agent relating to such suits.

Duties of Grantors. Each In accordance with its standard commercial practices, each Grantor shall have the duty to (i) prosecute ------------------ diligently any patent application or trademark application pending as of the date hereof or thereafter until the Obligations shall have been indefeasibly paid in full, full and Agent has no Commitment remains outstanding and no Letter of Credit remains outstandingobligation to make any Loans under the Reimbursement Agreement, (ii) upon the occurrence and during the continuance of an Event of Default, make application on unpatented but patentable inventions owned by any Grantor and on Marks, as the case may be, as the Agent reasonably deem appropriate, (iii) file and prosecute opposition and cancellation proceedings if the failure to do so could reasonably be expected to have a Material Adverse Effect and (iviii) take all reasonable action necessary in such Grantor's reasonable business judgment consistent with past practices to preserve and maintain all rights in patent applications of the Patents and in applications for registrations of the MarksMarks unless the failure so to do could not reasonably be expected to have a Material Adverse Effect. Any expenses incurred in connection with such the foregoing applications shall be borne by the Grantors. No Each Grantor shall not abandon any right to file a Patent application or Xxxx application without the consent of the Agentexcept in accordance with its standard commercial practices if such abandonment could reasonably be expected to have a Material Adverse Effect. Each Grantor shall give proper statutory notice in connection with its use of each such Xxxx of the Marks to the extent necessary for the protection of each of the Marks. Each Grantor Grantors shall notify the Agent of any suits it commences to enforce the Patents and Marks and shall provide the Agent with copies of any documents reasonably requested by the Agent relating to such suits.