Common use of Additional Modification Clause in Contracts

Additional Modification. Upon an Approved Change of Control: (i) the license will be limited to use in connection with products and services comparable in kind and quality to those sold by Licensee in the ordinary course at the time of the Approved Change of Control, but all still within the Steel Fields of Use; and (ii) neither Licensee nor, if applicable, its assignee may create new or additional Trade Names using the Licensed Marks.

Appears in 4 contracts

Samples: Trademark License Agreement (TimkenSteel Corp), Trademark License Agreement (Timken Co), Trademark License Agreement (TimkenSteel Corp)

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