Common use of Preservation of Trademarks Clause in Contracts

Preservation of Trademarks. Each Grantor agrees to use or license the use of its Trademarks in interstate commerce during the time in which this Agreement is in effect, sufficiently to preserve such Trademarks as trademarks or service marks registered under the laws of the United States, provided, however, that no Grantor shall be obligated to use or license any Trademark in interstate commerce or otherwise if such Grantor, in its commercially reasonable judgment, determines that such Trademark has no further commercial value to such Grantor and the failure to use or license such Trademark would not reasonably be expected to cause material liability to such Grantor.

Preservation of Trademarks. Each Grantor agrees to use or license the use of its Trademarks that are material to such Grantor’s business in interstate commerce during the time in which this Agreement is in effecteffect to the extent required by the laws of the United States or other jurisdiction, sufficiently as applicable, to maintain its rights in such Trademarks and to take all such other actions as are reasonably necessary to preserve such Trademarks as trademarks or service marks registered under the laws Page of the United StatesStates or other jurisdiction, provided, however, as applicable (other than any such Trademarks that are deemed by a Grantor in its reasonable business judgment to no Grantor shall longer be obligated material to use or license any Trademark in interstate commerce or otherwise if the conduct of such Grantor, in its commercially reasonable judgment, determines that such Trademark has no further commercial value to such Grantor and the failure to use or license such Trademark would not reasonably be expected to cause material liability to such Grantor’s business).

Preservation of Trademarks. Each Grantor agrees to use or license the use of its Trademarks in interstate commerce during the time in which this Agreement is in effect, sufficiently to preserve such Trademarks as trademarks or service marks registered under the laws of the United States, provided, however, that no Grantor shall be obligated to use or license any Trademark in interstate commerce or otherwise if such Grantor, in its commercially reasonable judgment, determines that such Trademark has no further material commercial value to such Grantor and the failure to use or license such Trademark would not reasonably be expected to cause material liability to such Grantor.