Sublicense Rights. (a) The License shall include the right of Licensee to grant sublicenses to its Subsidiaries; provided that any such sublicense shall terminate immediately upon the applicable sublicensee ceasing to be a Subsidiary of Licensee. Any such sublicense shall be evidenced in writing, contain terms and conditions that are no less restrictive on the applicable sublicensee’s use of the Licensed Marks than the terms and conditions in this Agreement and be provided in written form to Licensor as soon as is reasonably practicable following the grant of such sublicense.
Appears in 4 contracts
Samples: Trademark License Agreement, Trademark License Agreement (Murphy USA Inc.), Trademark License Agreement (Murphy Oil Corp /De)
Sublicense Rights. (a) The License shall include the right of Licensee Licensees to grant sublicenses to its their respective wholly-owned Subsidiaries; provided that any such sublicense shall terminate immediately upon the applicable sublicensee ceasing to be a wholly-owned Subsidiary of a Licensee. Any such sublicense shall be evidenced in writing, contain subject to terms and conditions that are no less restrictive on the applicable sublicensee’s use of the Licensed Marks than the terms and conditions in this Agreement and be provided in written form to Licensor as soon as is reasonably practicable following the grant of such sublicenseAgreement.
Appears in 3 contracts
Samples: Licensing Agreement (Ashford Hospitality Trust Inc), Licensing Agreement (Ashford Inc), Licensing Agreement (Ashford Inc)
Sublicense Rights. (a) The License shall include the right of Licensee to grant sublicenses to its wholly-owned Subsidiaries; provided that any such sublicense shall terminate immediately upon the applicable sublicensee ceasing to be a wholly-owned Subsidiary of Licensee. Any such sublicense shall be evidenced in writing, contain terms and conditions that are no less restrictive on the applicable sublicensee’s use of the Licensed Marks than the terms and conditions in this Agreement and be provided in written form to Licensor as soon as is reasonably practicable following the grant of such sublicense.of
Appears in 1 contract
Samples: Licensing Agreement (Ashford Hospitality Prime, Inc.)
Sublicense Rights. (a) The License shall include the right of Licensee to grant sublicenses to its Subsidiaries; provided that any such sublicense shall terminate immediately upon the applicable sublicensee ceasing to be a Subsidiary of Licensee. Any such sublicense shall be evidenced in writing, contain terms and conditions that are no less restrictive on the applicable sublicensee’s use of the Licensed Marks than the terms and conditions in this Agreement and be provided in written form to Licensor as soon as is reasonably practicable following the grant of such sublicense.
Appears in 1 contract
Samples: Form of Trademark License Agreement (Murphy USA Inc.)
Sublicense Rights. (a) The License shall include the right of Licensee to grant sublicenses to its wholly-owned Subsidiaries; provided that any such sublicense shall terminate immediately upon the applicable sublicensee ceasing to be a wholly-owned Subsidiary of Licensee. Any such sublicense shall be evidenced in writing, contain subject to terms and conditions that are no less restrictive on the applicable sublicensee’s use of the Licensed Marks than the terms and conditions in this Agreement and be provided in written form to Licensor as soon as is reasonably practicable following the grant of such sublicenseAgreement.
Appears in 1 contract
Samples: Licensing Agreement (Ashford Hospitality Prime, Inc.)
