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
Sources: Standby Facility Agreement (Omnicell Com /Ca/), Loan and Security Agreement (Graphix Zone Inc/De), Collateral Assignment, Patent Mortgage and Security Agreement (Conductus 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 8 contracts
Sources: Collateral Assignment, Patent Mortgage and Security Agreement (Stormedia Inc), Convertible Debenture Purchase Agreement (Fibercore Inc), Collateral Assignment, 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 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
Sources: Loan & Security Agreement (Splash Technology Holdings Inc), Collateral Assignment, Patent Mortgage and Security Agreement (Viador 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
Sources: Collateral Assignment, Patent Mortgage and Security Agreement (Sound Source Interactive Inc /De/), Collateral Assignment, 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 ’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
Sources: 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 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
Sources: Loan Agreement (Sra International Inc), Collateral Assignment, 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 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
Sources: Loan and Security Agreement (Thermatrix Inc), Collateral Assignment, 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 (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
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
Sources: 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 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
Sources: Intellectual Property Collateral Assignment, 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 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
Sources: Collateral Assignment, Patent Mortgage and Security Agreement (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
Sources: Collateral Assignment, Patent Mortgage and Security Agreement (Excite 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
Sources: 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.
Appears in 1 contract
Sources: Loan Agreement (Tut Systems Inc)