Proprietary Marks. A. During the Term of this Agreement, the name and branding of Management Company and/or its Affiliates (to the extent of any such Affiliate’s connection with the Hotel), whether used alone or in connection with other another word(s), and all proprietary marks (being all present and future trademarks, trade names, symbols, logos, insignia, service marks, and the like) of Management Company or any one of its Affiliates, whether or not registered (“Proprietary Marks”) shall in all events remain the exclusive property of Management Company and its Affiliates. TRS shall have no right to use any Proprietary M▇▇▇, except during the Term of this Agreement and solely in connection with the Hotel. Any signage installed using any Proprietary M▇▇▇ shall at all times be in conformance with the specifications provided by Management Company. B. Apart from the right of TRS to use the Proprietary Marks pursuant to this Agreement, TRS shall acquire no right, title, or interest of any kind or nature whatsoever in or to the Proprietary Marks, or the goodwill associated with the Proprietary Marks. Upon Termination, any and all use of a Proprietary M▇▇▇ by TRS under this Agreement shall immediately cease. Upon Termination, Management Company shall have the option to purchase, at their then book value, any items of the Hotel’s Inventories and Fixed Asset Supplies as may be marked with a Proprietary M▇▇▇. In the event Management Company does not exercise such option, TRS agrees that it will use any such items not so purchased exclusively in connection with the Hotel until they are consumed.
Appears in 5 contracts
Sources: Purchase and Sale Agreement (American Realty Capital Hospitality Trust, Inc.), Management Agreement (American Realty Capital Hospitality Trust, Inc.), Management Agreement (American Realty Capital Hospitality Trust, Inc.)
Proprietary Marks. A. During the Term of this Agreement, the name and branding of Management Company and/or its Affiliates (to the extent of any such Affiliate’s connection with the Hotel)Company, whether used alone or in connection with other another word(s), and all proprietary marks (being all present and future trademarks, trade names, symbols, logos, insignia, service marks, and the like) of Management Company or any one of its Affiliates, whether or not registered (“Proprietary Marks”) shall in all events remain the exclusive property of Management Company and its Affiliates. TRS shall have no right to use any Proprietary M▇▇▇, except during the Term of this Agreement and solely in connection with the Hotel. Any signage installed using any Proprietary M▇▇▇ shall at all times be in conformance with the specifications provided by Management Company.
B. Apart from the right of TRS to use the Proprietary Marks pursuant to this Agreement, TRS shall acquire no right, title, or interest of any kind or nature whatsoever in or to the Proprietary Marks, or the goodwill associated with the Proprietary Marks. Upon Termination, any and all use of a Proprietary M▇▇▇ by TRS under this Agreement shall immediately cease. Upon Termination, Management Company shall have the option to purchase, at their then book value, any items of the Hotel’s Inventories and Fixed Asset Supplies as may be marked with a Proprietary M▇▇▇. In the event Management Company does not exercise such option, TRS agrees that it will use any such items not so purchased exclusively in connection with the Hotel until they are consumed.
Appears in 1 contract
Sources: Management Agreement (American Realty Capital Hospitality Trust, Inc.)
Proprietary Marks. A. During the Term of this Agreement, the name and branding of Management Company and/or its Affiliates (to the extent of any such Affiliate’s connection with the Hotel), “Crestline” or “Barceló Crestline,” whether used alone or in connection with one or more other another word(s), and all proprietary marks (being all present and future trademarks, trade names, symbols, logos, insignia, service marks, and the like) of Management Company or any one of its Affiliates, whether or not registered (“Proprietary Marks”) shall in all events remain the exclusive property of Management Company and its Affiliates. TRS Owner shall have no right to use any Proprietary M▇▇▇▇ of Management Company or any one of its Affiliates, except during the Term of this Agreement and solely in connection with the Hotel. Any to have signage installed using any Proprietary M▇▇▇▇ shall at all times be of Management Company or any one of its Affiliates in conformance with the specifications provided by Management Company.
B. Apart from the right of TRS to use the Proprietary Marks pursuant to this Agreement, TRS shall acquire no right, title, or interest of any kind or nature whatsoever in or to the Proprietary Marks, or the goodwill associated with the Proprietary Marks. Upon Termination, any and all use of a Proprietary M▇▇▇▇ by TRS Owner under this Agreement shall immediately cease. Upon Termination, Management Company shall have the option to purchase, at their then book value, any items of the Hotel’s Inventories and Fixed Asset Supplies as may be marked with a Proprietary M▇▇▇▇ of Management Company or any one of its Affiliates. In the event Management Company does not exercise such option, TRS Owner agrees that it will use any such items not so purchased exclusively in connection with the Hotel until they are consumed. During the Term of this Agreement, the name “ ” whether used alone or in connection with one or more other words, and all proprietary marks of Owner shall in all events remain the exclusive property of Owner and its Affiliates. Management Company shall have no right to use any proprietary ▇▇▇▇ of Owner or its Affiliates, except during the Term of this Agreement to have signage installed using any proprietary ▇▇▇▇ of Owner or its Affiliates in conformance with the specifications provided by Owner. Upon Termination, any use of a proprietary ▇▇▇▇ of Owner or its Affiliates by Management Company under this Agreement shall immediately cease.
Appears in 1 contract
Proprietary Marks. A. During the Term of this Agreement, the name and branding of Management Company and/or its Affiliates (to the extent of any such Affiliate’s connection with the Hotel), “Crestline,” whether used alone or in connection with other another word(s), and all proprietary marks (being all present and future trademarks, trade names, symbols, logos, insignia, service marks, and the like) of Management Company or any one of its Affiliates, whether or not registered (“Proprietary Marks”) shall in all events remain the exclusive property of Management Company and its Affiliates. TRS Owner shall have no right to use any Proprietary M▇▇▇, except during the Term of this Agreement and solely in connection with the Hotel. Any signage installed using any Proprietary M▇▇▇ shall at all times be in conformance with the specifications provided by Management Company.
B. Apart from the right of TRS Owner to use the Proprietary Marks pursuant to this Agreement, TRS Owner shall acquire no right, title, or interest of any kind or nature whatsoever in or to the Proprietary Marks, or the goodwill associated with the Proprietary Marks. Upon Termination, any and all use of a Proprietary M▇▇▇ by TRS Owner under this Agreement shall immediately cease. Upon Termination, Management Company shall have the option to purchase, at their then book value, any items of the Hotel’s Inventories and Fixed Asset Supplies as may be marked with a Proprietary M▇▇▇. In the event Management Company does not exercise such option, TRS Owner agrees that it will use any such items not so purchased exclusively in connection with the Hotel until they are consumed.
Appears in 1 contract
Sources: Purchase and Sale Agreement (American Realty Capital Hospitality Trust, Inc.)
Proprietary Marks. A. During the Term of this Agreement, the name and branding of Management Company and/or its Affiliates (to the extent of any such Affiliate’s connection with the Hotel), "Crestline" or "Barcelo Crestline," whether used alone or in connection with one or more other another word(s), and all proprietary marks (being all present and future trademarks, trade names, symbols, logos, insignia, service marks, and the like) of Management Company or any one of its Affiliates, whether or not registered (“"Proprietary Marks”") shall in all events remain the exclusive property of Management Company and its Affiliates. TRS Owner shall have no right to use any Proprietary MMark of Management Company or any one of its Affiliates, except durin▇ ▇▇▇, except during the e Term of this Agreement and solely in connection with the Hotel. Any to have signage installed using any Proprietary MMark of Management Company or any one of its Affiliates in conformanc▇ ▇▇▇ shall at all times be in conformance with th the specifications provided by Management Company.
B. Apart from the right of TRS to use the Proprietary Marks pursuant to this Agreement, TRS shall acquire no right, title, or interest of any kind or nature whatsoever in or to the Proprietary Marks, or the goodwill associated with the Proprietary Marks. Upon Termination, any and all use of a Proprietary M▇▇▇ Mark by TRS Owner under this Agreement shall immediately cease. Upon TerminationTerm▇▇▇▇ion, Management Company shall have the option to purchase, at their then book value, any items of the Hotel’s 's Inventories and Fixed Asset Supplies as may be marked with a Proprietary M▇▇▇Mark of Management Company or any one of its Affiliates. In the event Management ▇▇▇agement Company does not exercise such option, TRS Owner agrees that it will use any such items not so purchased exclusively in connection with the Hotel until they are consumed. During the Term of this Agreement, the name "___________" whether used alone or in connection with one or more other words, and all proprietary marks of Owner shall in all events remain the exclusive property of Owner and its Affiliates. Management Company shall have no right to use any proprietary mark of Owner or its Affiliates, except during the Term of this Agree▇▇▇▇ to have signage installed using any proprietary mark of Owner or its Affiliates in conformance with the specification▇ ▇▇ovided by Owner. Upon Termination, any use of a proprietary mark of Owner or its Affiliates by Management Company under this Agre▇▇▇▇t shall immediately cease.
Appears in 1 contract
Proprietary Marks. A. During the Term of this Agreement, the name and branding of Management Company and/or its Affiliates (to the extent of any such Affiliate’s connection with the Hotel), “Commonwealth” or “Commonwealth Hotels,” whether used alone or in connection with one or more other another word(s), and all proprietary marks (being all present and future trademarks, trade names, symbols, logos, insignia, service marks, and the like) of Management Company or any one of its Affiliates, whether or not registered (“Proprietary Marks”) shall in all events remain the exclusive property of Management Company and its Affiliates. TRS Owner shall have no right to use any Proprietary M▇▇▇▇ of Management Company or any one of its Affiliates, except during the Term of this Agreement and solely in connection with the Hotel. Any to have signage installed using any Proprietary M▇▇▇▇ shall at all times be of Management Company or any one of its Affiliates in conformance with the specifications provided by Management Company.
B. Apart from the right of TRS to use the Proprietary Marks pursuant to this Agreement, TRS shall acquire no right, title, or interest of any kind or nature whatsoever in or to the Proprietary Marks, or the goodwill associated with the Proprietary Marks. Upon Termination, any and all use of a Proprietary M▇▇▇▇ by TRS Owner under this Agreement shall immediately cease. Upon Termination, Management Company shall have the option to purchase, at their then book value, any items of the Hotel’s Inventories and Fixed Asset Supplies as may be marked with a Proprietary M▇▇▇▇ of Management Company or any one of its Affiliates. In the event Management Company does not exercise such option, TRS Owner agrees that it will use any such items not so purchased exclusively in connection with the Hotel until they are consumed. During the Term of this Agreement, the name “ ” whether used alone or in connection with one or more other words, and all proprietary marks of Owner shall in all events remain the exclusive property of Owner and its Affiliates. Management Company shall have no right to use any proprietary ▇▇▇▇ of Owner or its Affiliates, except during the Term of this Agreement to have signage installed using any proprietary ▇▇▇▇ of Owner or its Affiliates in conformance with the specifications provided by Owner. Upon Termination, any use of a proprietary ▇▇▇▇ of Owner or its Affiliates by Management Company under this Agreement shall immediately cease.
Appears in 1 contract
Sources: Hotel Management Agreement (Eagle Hospitality Properties Trust, Inc.)
Proprietary Marks. A. During the Term term of this Agreement, the name and branding of Management Company and/or its Affiliates (to the extent of any such Affiliate’s connection with the Hotel), "Crestline" or "Barcelo Crestline," whether used alone or in connection with other another word(s), and all proprietary marks (being all present and future trademarks, trade names, symbols, logos, insignia, service marks, and the like) of Management Company or any one of its Affiliates, whether or not registered (“"Proprietary Marks”") shall in all events remain the exclusive property of Management Company and its Affiliates. TRS Owner shall have no right to use any Proprietary M▇▇▇▇ of Management Company or any one of its Affiliates, except during the Term term of this Agreement and solely in connection with the Hotel. Any to have signage installed using any Proprietary M▇▇▇▇ shall at all times be of Management Company or any one of its Affiliates in conformance with the specifications provided by Management Company.
B. Apart from the right of TRS to use the Proprietary Marks pursuant to this Agreement, TRS shall acquire no right, title, or interest of any kind or nature whatsoever in or to the Proprietary Marks, or the goodwill associated with the Proprietary Marks. Upon Termination, any and all use of a Proprietary M▇▇▇▇ by TRS Owner under this Agreement shall immediately cease. Upon Termination, Management Company shall have the option to purchase, at their then book value, any items of the Hotel’s 's Inventories and Fixed Asset Supplies as may be marked with a Proprietary M▇▇▇▇ of Management Company or any one of its Affiliates. In the event Management Company does not exercise such option, TRS Owner agrees that it will use any such items not so purchased exclusively in connection with the Hotel until they are consumed. During the terms of this Agreement, the name "Sandalwood" whether used alone or in connection with other another word(s), and all proprietary marks of Owner shall in all events remain the exclusive property of Owner and its Affiliates. Management Company shall have no right to use any proprietary ▇▇▇▇ of Owner or its Affiliates, except during the term of this Agreement to have signage installed using any proprietary ▇▇▇▇ of Owner or its Affiliates in conformance with the specifications provided by Owner. Upon Termination, any use of a proprietary ▇▇▇▇ of Owner or its Affiliates by Management Company under this Agreement shall immediately cease.
Appears in 1 contract
Sources: Right of First Refusal and Services Agreement (Sandalwood Lodging Investment Corp)