SLC Term definition
Examples of SLC Term in a sentence
In respect of the domain names set out in Schedule “D” which are in active use as of the Effective Date, Licensor agrees that during the SLC Term, it shall, or it shall cause its Affiliates to, ensure that all Persons attempting to access any web page associated with any such domain names will be redirected to websites of the Purchaser (or its Affiliate), as may be directed in writing by the Purchaser.
Licensee shall employ commercially reasonable efforts (at its own cost) to, as soon as practicable after the Effective Date, transition to using trade-marks and trade names that do not contain or comprise the Trade-marks or any trade-marks or trade names confusing similar thereto, such that all use by Licensee of the Trade-marks or any trade name of other indicia which Licensor has the right to control, has ceased no later than the end of the SLI Term or the SLC Term, as the case may be.
However, Licensee may distribute Materials which exist as of the Effective Date which incorporate or display any Excluded Intellectual Property during the SLI Term or the SLC Term, as the case may be, in accordance with, and subject to, the provisions of this Agreement.
Licensee shall at all times during the SLI Term and the SLC Term, as the case may be conduct the Target Business employing the Trade-marks in a manner equal to or better than the quality of the Target Business immediately prior to the Effective Date (the “Standards”).
This Agreement shall be effective as of the Effective Date, and shall continue until the earliest of the following dates: (i) the expiry of the SLC Term; (ii) the date the Licensee provides written notice of termination to the Licensor; and (iii) the date this Agreement is terminated in accordance with the provisions of Section 7.2 (the “Term”).