365(n) Acknowledgment. The Parties and Payor agree that section 365(n) of title 11 of the United States Code (as amended, the “Bankruptcy Code”) shall apply to the Licensee; provided, however, that in the event a court determines that section 365(n) of the Bankruptcy Code does not apply to the Licensee, the Parties and Payor agree that, following a material breach of this Agreement by the Licensor, the Licensee may continue to use the Licensed Marks if and only if the Licensee continues to pay the Licensor the License Fee and otherwise comply with its obligations under this Agreement.
Appears in 4 contracts
Samples: Intellectual Property License Agreement (J Crew Group Inc), Credit Agreement (J Crew Group Inc), Credit Agreement (J Crew Group Inc)
