TPC License definition
Examples of TPC License in a sentence
The parties acknowledge that except as expressly set forth herein with respect to New Portions, this Agreement and the TPC License govern and concern only the Travelers Marks (where applicable) and Licensed Marks and any New Marks.
TIC and TPC agree that TPC shall grant a license to TIC (with a right to assign or sublicense to a member of the Citigroup Affiliated Group) for certain names and marks for use in the life insurance and annuity business and related activities (and for certain run-off blocks of business) worldwide perpetually (the "Permanent TPC License").
Notwithstanding any other provision of this Agreement, this Agreement and the TPC License do not restrict TIC or its Affiliates from using any word contained in the Licensed Marks, the Travelers Marks, or the New Marks, including the word "Traveler" or "Travelers," in its generic or descriptive sense, and this Agreement shall not govern such usages.
Without duplication of any amounts prorated under the Golf Course Management Agreement, any other amounts payable or receivable under the TPC License Agreement, including any unpaid annual royalty payments (but excluding any payments related to Golf Initiation Fees) shall be prorated as of the Cut-Off Time.
The Parties shall negotiate in good faith the terms of a letter agreement addressing the use of marks to be licensed under the Permanent TPC license during the time period between the Initial Public Offering and the effective date of Permanent TPC License.
The Parties shall negotiate in good faith the terms of a letter agreement addressing the use of marks to be licensed under the Permanent TPC license during the time period between the Initial Public Offering and the effective date of the Permanent TPC License.