Common use of Acknowledgments and Agreements of Licensee Clause in Contracts

Acknowledgments and Agreements of Licensee. As a material inducement to Licensor to enter into this Restated Agreement, and as a material part of the consideration to Licensor hereunder, Licensee hereby acknowledges and agrees that: (a) Licensor owns the Trademark in various countries worldwide, and all rights, registrations, applications and filings with respect to such Trademark, and all renewals and extensions of any such registrations, applications and filings, (b) Licensor has the right to license the Trademark, and (c) Licensee is acquiring hereby only the right to use the Trademark for the purpose stated in and pursuant to the terms and conditions of the Restated Agreement. (a) Great value is placed on the Trademark, and the goodwill associated therewith, (b) the Trademark and all rights therein and goodwill pertaining thereto belong exclusively to Licensor, and (c) all authorized use of the Trademark by Licensee shall inure to the benefit of Licensor. (iii) The conditions, terms, restrictions, covenants and limitations of this Restated Agreement are necessary, equitable, reasonable and essential to assure the consuming public that all goods sold under the Trademark are of the same consistently high quality as sold by Licensor and by others who are licensed to design, manufacture and/or sell any products by, under or with the Trademark, if any.

Acknowledgments and Agreements of Licensee. As a material inducement ------------------------------------------ to Licensor to enter into this Restated Agreement, and as a material part of the consideration to Licensor hereunder, Licensee hereby acknowledges and agrees that: (a) Licensor owns the Trademark in various countries worldwide, and all rights, registrations, applications and filings with respect to such Trademark, and all renewals and extensions of any such registrations, applications and filings, (b) Licensor has the right to license the Trademark, and (c) Licensee is acquiring hereby only the right to use the Trademark for the purpose stated in and pursuant to the terms and conditions of the Restated Agreement. (a) Great value is placed on the Trademark, and the goodwill associated therewith, (b) the Trademark and all rights therein and goodwill pertaining thereto belong exclusively to Licensor, and (c) all authorized use of the Trademark by Licensee shall inure to the benefit of Licensor. (iii) The conditions, terms, restrictions, covenants and limitations of this Restated Agreement are necessary, equitable, reasonable and essential to assure the consuming public that all goods sold under the Trademark are of the same consistently high quality as sold by Licensor and by others who are licensed to design, manufacture and/or sell any products by, under or with the Trademark, if any.

Acknowledgments and Agreements of Licensee. As a material inducement to Licensor to enter into this Restated Agreement, and as a material part of the consideration to Licensor hereunder, Licensee the parties hereby acknowledges acknowledge and agrees agree that: (a) Licensor owns the Trademark in various countries worldwide, Licensed Assets and all rights, registrations, applications and filings with respect to such TrademarkLicensed Assets, and all renewals and extensions of any such registrations, applications and filings, (b) Licensor has the right to license the TrademarkLicensed Assets, and (c) Licensee is acquiring hereby only the right to use the Trademark Licensed Assets for the purpose stated in and pursuant to the terms and conditions of the Restated Agreement. (a) Great value is placed on the TrademarkLicensed Assets, and the goodwill associated therewith, (b) the Trademark Licensed Assets and all rights therein and goodwill pertaining thereto belong exclusively to Licensor, and (c) all authorized use of the Trademark Licensed Assets by Licensee shall inure to the benefit of Licensor. (iii) The conditions, terms, restrictions, covenants and limitations of this Restated Agreement are necessary, equitable, reasonable and essential to assure the consuming public that all goods and services sold under the Trademark Licensed Assets are of the same consistently high quality as sold by Licensor and by others who are licensed to design, manufacture and/or sell any products by, under or with the TrademarkLicensed Assets, if any.