Post-Termination Transition. If this Agreement is terminated for any reason, the licenses granted by Teekay to TOO hereunder will terminate immediately, and TOO shall have a period of 12 months to remove the Licensed Marks from the Vessels and to cease using the Licensed Marks elsewhere in the TOO Business (the “Transition Period”). During the Transition Period, to the extent TOO continues to use the Licensed Marks, any such use shall be in compliance with terms of this Agreement.
Appears in 3 contracts
Sources: Trademark License Agreement, Trademark License Agreement (Teekay Offshore Partners L.P.), Trademark License Agreement (Teekay Corp)