Common use of Name Reservation Clause in Contracts

Name Reservation. The Trust acknowledges and agrees that the Manager and its affiliates have property rights relating to the use of the term "USAllianz Variable Insurance Products Trust" and has permitted the use of such term by the Trust and its Funds. The Trust agrees that: (i) it will use the term "USAllianz Variable Insurance Products Trust " only as a component of the names of the Trust and the Funds and for no other purposes; (ii) it will not purport to grant to any third party any rights in such term; (iii) at the request of the Manager, the Trust will take such action as may be required to provide its consent to use of the term by the Manager, or any affiliate of the Manager to whom the Manager shall have granted the right to such use; and (iv) the Manager may use or grant to others the right to use the term as all or a portion of a corporate or business name or for any commercial purpose, including a grant of such right to any other investment company. Upon termination of this Agreement as to the Trust or any Fund, the Trust shall, upon request of the Manager, cease to use the term "USAllianz Variable Insurance Products Trust " as part of the name of the Trust and its Funds, or of any Fund as to which the Agreement is terminated, as applicable. In the event of any such request by the Manager that use of the term "USAllianz Variable Insurance Products Trust " shall cease, the Trust shall cause its officers, Trustees and shareholders to take any and all such actions which the Manager may request to effect such request and to reconvey to the Manager any and all rights to the term "USAllianz Variable Insurance Products Trust."

Appears in 3 contracts

Samples: Investment Management Agreement (Usallianz Variable Insurance Products Trust), Investment Management Agreement (Usallianz Variable Insurance Products Trust), Usallianz Variable Insurance Products Trust

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Name Reservation. The Trust acknowledges and agrees that the Manager and its affiliates have property rights relating to the use of the term "USAllianz Variable Insurance Products Trust" Trust and has permitted the use of such term by the Trust and its Funds. The Trust agrees that: (i) it will use the term "USAllianz Variable Insurance Products Trust " only as a component of the names of the Trust and the Funds and for no other purposes; (ii) it will not purport to grant to any third party any rights in such term; (iii) at the request of the Manager, the Trust will take such action as may be required to provide its consent to use of the term by the Manager, or any affiliate of the Manager to whom the Manager shall have granted the right to such use; and (iv) the Manager may use or grant to others the right to use the term as all or a portion of a corporate or business name or for any commercial purpose, including a grant of such right to any other investment company. Upon termination of this Agreement as to the Trust or any Fund, the Trust shall, upon request of the Manager, cease to use the term "USAllianz Variable Insurance Products Trust " as part of the name of the Trust and its Funds, or of any Fund as to which the Agreement is terminated, as applicable. In the event of any such request by the Manager that use of the term "USAllianz Variable Insurance Products Trust " shall cease, the Trust shall cause its officers, Trustees and shareholders to take any and all such actions which the Manager may request to effect such request and to reconvey to the Manager any and all rights to the term "USAllianz Variable Insurance Products Trust. 12."

Appears in 1 contract

Samples: Usallianz Variable Insurance Products Trust Investment Management Agreement (Allianz Variable Insurance Products Trust)

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