Common use of Notice of Infringement Clause in Contracts

Notice of Infringement. If any of the Patent and Trademark Collateral is infringed, misappropriated or diluted by a third party, the Debtor shall promptly notify the Agent after it learns thereof and shall, unless the Debtor shall reasonably determine, after consultation with the Agent, that such Patent and Trademark Collateral is of negligible economic value to the Debtor, promptly xxx for infringement, misappropriation of dilution, seek injunctive relief where appropriate and recover any and all damages for such infringement, misappropriation or dilution, or take such other action as the Debtor shall reasonably deem appropriate under the circumstances to protect such Patent and Trademark Collateral.

Notice of Infringement. If any of the Patent and Trademark Collateral is infringed, misappropriated or diluted by a third party, the Debtor shall promptly notify the Agent after it learns thereof and shall, unless the Debtor shall reasonably determine, after consultation with the Agent, that such Patent and Trademark Collateral is of negligible economic value to the Debtor, promptly sue xxx for infringement, misappropriation of dilution, seek injunctive relief where appropriate and recover any and all damages for such infringement, misappropriation or dilution, or take such other action as the Debtor shall reasonably deem appropriate under the circumstances to protect such Patent and Trademark Collateral.