Duties of Grantor. Grantor shall have the duty (i) to file and prosecute diligently any patent applications pending as of the date hereof or hereafter until the Liabilities shall have been paid and satisfied in full and the Financing Agreements have been terminated, (ii) to make application on unpatented but patentable inventions, as commercially reasonable, (iii) to preserve and maintain all rights in the Patents, as commercially reasonable and (iv) to ensure that the Patents are and remain enforceable, as commercially reasonable. Any expenses incurred in connection with Grantor's obligations under this Section 9 shall be borne by Grantor.
Appears in 3 contracts
Sources: Patent Security Agreement (Medical Technology Systems Inc /De/), Patent Security Agreement (Medical Technology Systems Inc /De/), Patent Security Agreement (Medical Technology Systems Inc /De/)
Duties of Grantor. Grantor shall have the duty (i) to file and prosecute diligently any patent applications pending as of the date hereof or hereafter until the Liabilities shall have been paid and satisfied in full and the Financing Agreements have been terminatedfull, (ii) to make application on unpatented but patentable inventions, as commercially reasonable, (iii) to preserve and maintain all rights in the Patents, as commercially reasonable and (iv) to ensure that the Patents are and remain enforceable, as commercially reasonable. Any expenses incurred in connection with Grantor's obligations under this Section 9 10 shall be borne by Grantor.
Appears in 3 contracts
Sources: Patent Security Agreement (Medical Technology Systems Inc /De/), Patent Security Agreement (Medical Technology Systems Inc /De/), Patent Security Agreement (Medical Technology Systems Inc /De/)
Duties of Grantor. Grantor shall have the duty (i) to file and prosecute diligently any patent trademark applications pending as of the date hereof or hereafter until the Liabilities shall have been paid and satisfied in full and the Financing Agreements have been terminatedfull, (ii) to make application on unpatented but patentable inventions, as commercially reasonable, (iii) to preserve and maintain all rights in the PatentsTrademarks, as commercially reasonable and (iviii) to ensure that the Patents Trademarks are and remain enforceable, as commercially reasonable. Any expenses incurred in connection with Grantor's obligations the Liabilities under this Section 9 11 shall be borne by Grantor.
Appears in 2 contracts
Sources: Trademark Security Agreement (Medical Technology Systems Inc /De/), Trademark Security Agreement (Medical Technology Systems Inc /De/)
Duties of Grantor. Grantor shall have the duty (ia) to file and prosecute diligently with commercially reasonable diligence any patent applications pending as of the date hereof or hereafter until the Liabilities Obligations shall have been paid and satisfied in full and the Financing Agreements have Loan Agreement has been terminated, (ii) to make application on unpatented but patentable inventions, as commercially reasonable, (iiib) to preserve and maintain all rights in the PatentsPatents Collateral, as commercially reasonable reasonable, and (ivc) to ensure that the Patents are is and remain remains enforceable, as commercially reasonable. Any expenses incurred in connection with Grantor's the obligations of Grantor under this Section 9 10 shall be borne by Grantor.
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