Common use of Restructurings Clause in Contracts

Restructurings. (a) Prior to the Closing, Citigroup shall cause the consummation of the transactions and actions contemplated by Exhibit H (such transactions and actions, the “CAM Restructuring”). For the avoidance of doubt, no Trademark which includes the terms “CITI,” “▇▇▇▇▇ ▇▇▇▇▇▇,” “SALOMON,” “CSSB,” “SB,” “Uncommon Values,” “Uncommon Value” or “TRAVELERS” or any variation thereof or the Arc, Blue Wave or Umbrella design (the “Citigroup Principal Marks”) shall be owned by any CAM Transferred Subsidiary following the CAM Restructuring. (b) Prior to the Closing, ▇▇▇▇ ▇▇▇▇▇ shall cause the consummation of the transactions and actions contemplated by Exhibit I (such transactions and actions, the “PC/CM Restructuring”). For the avoidance of doubt, no Trademark which includes the term “▇▇▇▇ ▇▇▇▇▇” or any variation thereof or the ▇▇▇▇ ▇▇▇▇▇ or LM design (the “▇▇▇▇ ▇▇▇▇▇ Principal Marks”) shall be owned by any PC/CM Transferred Subsidiary following the PC/CM Restructuring. (c) The Parties agree that Section 6.13(c) of the Citigroup Disclosure Letter is incorporated herein by reference and shall be binding as if set forth herein, and the Parties agree to take all actions set forth in Section 6.13(c) of the Citigroup Disclosure Letter.

Appears in 2 contracts

Sources: Transaction Agreement (Citigroup Inc), Transaction Agreement (Legg Mason Inc)