Acknowledgement of Ownership. As between the parties, SCUSA acknowledges Chrysler’s exclusive ownership of the Chrysler Marks and the validity thereof. Any and all use of the Chrysler Marks by SCUSA shall inure to the benefit of Chrysler. SCUSA shall not (i) represent in any manner that it has any ownership rights in the Chrysler Marks; (ii) attack the validity of any Chrysler Xxxx; (iii) claim adversely to any right or interest of Chrysler in and to the Chrysler Marks or any trademarks confusingly similar to the Chrysler Marks or assist any third party in doing so; (iv) register or attempt to register any trademark or domain name incorporating any Chrysler Xxxx; (v) sublicense any Chrysler Xxxx; or (vi) initiate any legal proceeding or take any other action in connection with the defense of any Chrysler Xxxx.
Appears in 6 contracts
Samples: Master Private Label Financing Agreement, Equity Option Agreement (Santander Consumer USA Holdings Inc.), Equity Option Agreement (Santander Consumer USA Holdings Inc.)
