Common use of Ownership and Rights Clause in Contracts

Ownership and Rights. Licensee admits the validity of, and -------------------- agrees not to challenge the ownership or validity of the Licensed Marks. Licensee acknowledges that it will not obtain any ownership interest in the Licensed Marks or any other right or entitlement to continued use of them, regardless of how long this Agreement remains in effect and regardless of any reason or lack of reason for the termination thereof by Licensor; provided that by making this acknowledgment Licensee is not waiving, and does not intend to waive, any contractual rights hereunder or its remedies upon a breach hereof by Licensor. Licensee shall not disparage, dilute or adversely affect the validity of the Licensed Marks. Licensee agrees that any and all good will and other rights that may be acquired by the use of the Licensed Marks by Licensee shall inure to the sole benefit of Licensor, except a security interest granted to the Lenders in accordance with the terms of the Credit Agreement. Licensee will not grant or attempt to grant a security interest in the Licensed Marks or this Agreement, or to record any such security interest in the United States Patent and Trademark Office or elsewhere, against any trademark application or registration belonging to Licensor. Licensee agrees to execute all documents reasonably requested by Licensor to effect registration of, maintenance and renewal of the Licensed Marks. For purposes of this Agreement, Licensee shall be considered a "related company" under the U.S. Trademark Act, 15 U.S.C. (S) 1051 et seq.

Ownership and Rights. Licensee admits the validity of, and -------------------- agrees not -------------------- to challenge the ownership or validity of the Licensed Marks. Licensee acknowledges that it will not obtain any ownership interest in the Licensed Marks or any other right or entitlement to continued use of them, regardless of how long this Agreement remains in effect and regardless of any reason or lack of reason for the termination thereof by Licensor; provided that by making this acknowledgment Licensee is not waiving, and does not intend to waive, any contractual rights hereunder or its remedies upon a breach hereof by Licensor. Licensee shall not disparage, dilute or adversely affect the validity of the Licensed Marks. Licensee agrees that any and all good will and other rights that may be acquired by the use of the Licensed Marks by Licensee shall inure to the sole benefit of Licensor, except a security interest granted to the Lenders in accordance with the terms of the Credit Agreement. Licensee will not grant or attempt to grant a security interest in the Licensed Marks or this Agreement, or to record any such security interest in the United States Patent and Trademark Office or elsewhere, against any trademark application or registration belonging to Licensor. Licensee agrees to execute all documents reasonably requested by Licensor to effect registration of, maintenance and renewal of the Licensed Marks. For purposes of this Agreement, Licensee shall be considered a "related company" under the U.S. Trademark Act, 15 U.S.C. (S) 1051 et seq.

Ownership and Rights. Licensee admits the validity of, and -------------------- agrees not to challenge the ownership or validity of the Licensed Marks. Licensee acknowledges that it will not obtain any ownership interest in the Licensed Marks or any other right or entitlement to continued use of them, regardless of how long this Agreement remains in effect and regardless of any reason or lack of reason for the termination thereof by Licensor; provided that by making this acknowledgment Licensee is not waiving, and does not intend to waive, any contractual rights hereunder or its remedies upon a breach hereof by Licensor. Licensee shall not disparage, dilute or adversely affect the validity of the Licensed Marks. Licensee agrees that any and all good will and other rights that may be acquired by the use of the Licensed Marks by Licensee shall inure to the sole benefit of Licensor, except a security interest granted to the Lenders in accordance with the terms of the Credit Agreement. Licensee will not grant or attempt to grant a security interest in the Licensed Marks or this Agreement, or to record any such security interest in the United States Patent and Trademark Office or elsewhere, against any trademark application or registration belonging to Licensor. Licensee agrees to execute all documents reasonably requested by Licensor to effect registration of, maintenance and renewal of the Licensed Marks. For purposes of this Agreement, Licensee shall be considered a "related company" under the U.S. Trademark Act, 15 U.S.C. (S) ss. 1051 et seq.