Restaurant Trademarks Sample Clauses

Restaurant Trademarks. Notwithstanding anything in the Purchase Agreement to the contrary, Purchaser is granted a limited, non-exclusive license to continue after Closing to use, only at the Property and on a perpetual basis, the following restaurant names and related logo trademarks for restaurants: (i) B-Line Diner; (ii) Rocks; (iii) Coconuts Poolside Bar & Grill; (iv) the Terrace Poolside Bar and (v) Coffee Etcetera, provided that Seller makes no warranties with respect thereto and all subject to the license provisions of Exhibit A attached hereto. Also notwithstanding anything in the Purchase Agreement to the contrary, Purchaser is granted a limited, non-exclusive license to continue after Closing and through December 31, 2014 to use, only at the Property, the following restaurant names and related logo trademarks existing on the date hereof for the following restaurants on the Property only: (i) Mallards and (ii) Napa, provided that Seller makes no warranties with respect thereto and all subject to the provisions of Exhibit A attached hereto. Purchaser will not use the names “Dux” or “Quackers” or the logos therefor existing on the date hereof for any restaurant on the Property. The licensed rights set forth in this Section 3 shall be considered part of the intangible assets conveyed to Purchaser pursuant to the Purchase Agreement.