Examples of Seller Names and Seller Marks in a sentence
Except as expressly authorized under the Trademark License Agreement, each of Parent and Buyer, for itself and its Affiliates, agrees that the rights of Company and Company Subsidiary to the Seller Names and Seller Marks pursuant to the terms of any trademark agreements or otherwise between Seller and its Affiliates, on the one hand, and Company and Company Subsidiary, on the other hand, shall terminate on the Closing Date.
Except as otherwise provided in this Section 7.01 or the Transitional Trademark License Agreement, Buyer and its Affiliates (which for purposes of this Section 7.01, shall include the Transferred Entities) shall cease and discontinue all uses of the Seller Names and Seller Marks in connection with the operation of the Business as promptly as reasonably practicable, and, in any event, prior to or upon the expiration of the periods expressly provided therefor in the Transitional Trademark License Agreement.
Except as otherwise provided in this Section 7.02 or the Transitional Trademark License Agreement, Buyer and its Affiliates (which, for the purposes of this Section 7.02, shall include the Transferred Entities) shall cease and discontinue all uses of the Seller Names and Seller Marks immediately upon the Closing.
Buyer acknowledges and agrees that, except as otherwise expressly set forth in the Transaction Agreement, neither Buyer nor its Affiliates is obtaining any rights in or licenses to use any Seller Names and Seller Marks.
Buyer, for itself and its Affiliates, acknowledges and agrees that the Seller Names and Seller Marks are owned exclusively by the Seller and its Affiliates, and that, except as expressly provided in this Section 7.02, any and all rights to use the Seller Names and Seller Marks shall terminate as of the Closing and shall immediately revert to the Seller and its Affiliates, along with any and all goodwill associated therewith.
Buyer, for itself and its Affiliates, agrees that the rights of the Transferred Entities and their respective Affiliates to the Seller Names and Seller Marks pursuant to the terms of any trademark agreements or otherwise between Seller or any of its Subsidiaries, on the one hand, and the Transferred Entities or their respective Affiliates, on the other, shall terminate on the Closing Date and be replaced by such rights as are provided by the Transitional Trademark License Agreement.
The Company shall, for a period of twelve (12) months after the Closing Date, have a limited, worldwide, non-exclusive, non-transferable, non-sublicensable, fully paid-up, royalty free license to use the Seller Names and Seller Marks.