Common use of Local Marks Clause in Contracts

Local Marks. Licensee may develop or acquire one or more "Local ----------- Marks," as defined in the Master Agreement, to be used in connection with the franchising and operation of Days Units in the Territory. Prior to the development or acquisition of a proposed Local ▇▇▇▇, Licensee shall submit to Licensor a written proposal indicating the Local ▇▇▇▇. If Licensor does not reject such Local ▇▇▇▇ within ninety (90) days of receipt of Licensee's written proposal, it shall be deemed approved. Licensee grants to Licensor and other licensees and franchisees of Days Units a perpetual, non-exclusive, world-wide and royalty-free license to use all approved Local Marks in connection with the operation of Days Units.

Local Marks. Licensee may develop or acquire one or more "Local ----------- Marks," as defined in the Master Agreement, to be used in connection with the franchising and operation of Days Travelodge Units in the Territory. Prior to the development or acquisition of a proposed Local ▇▇▇▇, Licensee shall submit to Licensor a written proposal indicating the Local ▇▇▇▇. If Licensor does not reject such Local ▇▇▇▇ within ninety (90) days of receipt of Licensee's written proposal, it shall be deemed approved. Licensee grants to Licensor and other licensees and franchisees of Days Travelodge Units a perpetual, non-exclusive, exclusive and world-wide and royalty-free license to use all approved Local Marks in connection with the operation of Days Travelodge Units.

Local Marks. Licensee may develop or acquire one or more "Local ----------- Marks," ----------- as defined in the Master Agreement, to be used in connection with the franchising and operation of Days Travelodge Units in the Territory. Prior to the development or acquisition of a proposed Local ▇▇▇▇, Licensee shall submit to Licensor a written proposal indicating the Local ▇▇▇▇. If Licensor does not reject such Local ▇▇▇▇ within ninety (90) days of receipt of Licensee's written proposal, it shall be deemed approved. Licensee grants to Licensor and other licensees and franchisees of Days Travelodge Units a perpetual, non-exclusive, exclusive and world-wide and royalty-free license to use all approved Local Marks in connection with the operation of Days Travelodge Units.