Common use of Name and Xxxx Clause in Contracts

Name and Xxxx. (a) Notwithstanding any provision of this Agreement to the contrary, the Partners acknowledge and agree that: (i) the Name and Xxxx are the property of, or have been licensed by, the General Partner or its Affiliates (other than the Partnership) and in no respect shall the right to use the Name and Xxxx be deemed an asset of the Partnership; (ii) the Partnership’s authority to use the Name and Xxxx xxx be withdrawn by the General Partner or its Affiliates or licensors at any time without compensation to the Partnership; (iii) the Partnership has no right to license, sublicense, assign, or otherwise Transfer any right, title or interest in or to the Name and Xxxx; (iv) no Partner other than the General Partner shall, by virtue of its ownership of an interest in the Partnership, hold any right, title or interest in or to the Name and Xxxx; (v) neither the Partnership nor any Partner (other than the General Partner) shall, by virtue of the existence of the Partnership, be entitled to any goodwill or similar value associated with the Name and Xxxx; and (vi) following the Dissolution and liquidation of the Partnership, no Partner other than the General Partner shall, by virtue of its ownership of an interest in the Partnership, hold any right, title or interest in and to the Name and Xxxx. Except as specifically authorized by the General Partner or its Affiliate or licensor in writing, in no event shall any Limited Partner use the Name and Xxxx for its own account.