Relationship of Advisor and Company Sample Clauses

Relationship of Advisor and Company. The Company, the Partnership and the Advisor are not partners or joint venturers with each other, and nothing in this Agreement shall be construed to make them such partners or joint venturers or impose any liability as such on either of them. The Advisor and its Affiliates have or may have a proprietary interest in the name “▇▇▇▇▇▇ Validus.” The Advisor hereby grants to the Company, to the extent of any proprietary interest the Advisor may have in the name “▇▇▇▇▇▇ Validus,” a non-transferable, non-assignable, non-exclusive, royalty-free right and license to use the name “▇▇▇▇▇▇ Validus” during the term of this Agreement. The Company agrees that the Advisor and its Affiliates will have the right to approve of any use by the Company of the name “▇▇▇▇▇▇ Validus,” such approval not to be unreasonably withheld or delayed. Accordingly, and in recognition of this right, if at any time the Company ceases to retain the Advisor or one of its Affiliates to perform advisory services for the Company, the Company will, promptly after receipt of written request from the Advisor, cease to conduct business under or use the name “▇▇▇▇▇▇ Validus” or any derivative thereof and the Company shall change its name and the names of any of its subsidiaries to a name that does not contain the name “▇▇▇▇▇▇ Validus” or any other word or words that might, in the reasonable discretion of the Advisor, be susceptible of indication of some form of relationship between the Company and the Advisor or any its Affiliates. At such time, the Company will also make any changes to any trademarks, service marks or other marks necessary to remove any references to the word “▇▇▇▇▇▇ Validus.” Consistent with the foregoing, it is specifically recognized that the Advisor or one or more of its Affiliates has in the past and may in the future organize, sponsor or otherwise permit to exist other investment vehicles (including vehicles for investment in real estate) and financial and service organizations having “▇▇▇▇▇▇ Validus” as a part of their name, all without the need for any consent (and without the right to object thereto) by the Company. Neither the Advisor nor any of its Affiliates makes any representation or warranty, express or implied, with respect to the name “▇▇▇▇▇▇ Validus” licensed hereunder or the use thereof (including without limitation as to whether the use of the name “▇▇▇▇▇▇ Validus” will be free from infringement of the intellectual property rights of third parties. Notwithstanding ...