PRN Names definition
Examples of PRN Names in a sentence
Subject to the rights granted under this Section 6.15, the Buyer shall, and shall cause any other applicable Affiliate to, discontinue all use of the PRN Names and UBM Names in connection with the Agility Business within three months after the Closing (the “Transition Period”), including eliminating the PRN Names and UBM Names from the Purchased Assets, disposing of any unused stationery and literature of the Agility Business bearing the PRN Names or UBM Names at the Buyer’s cost and expense.
Notwithstanding the foregoing, effective as of the Closing, Parent, on behalf of itself and its Affiliates, hereby grants to the Buyer and its Affiliates an irrevocable, royalty-free, worldwide, nonexclusive, nontransferable license during the Transition Period to use the PRN Names in the manner in which they were used prior to the Closing, provided that no new stationery, literature or similar materials bearing the PRN Names will be created.
For purposes of this Section 6.15, references to the PRN Names and UBM Names shall expressly exclude any name, logo, trade or service m▇▇▇, whether or not registered, if any so exist, that is included in the Agility Business Intellectual Property.
Except as set forth below, within three months following the Closing, the Buyer shall change the name under which the Agility Business operates to a name that will not include any of the PRN Names or UBM Names.