Common use of CONTINUATION OF AGREEMENT TERMS Clause in Contracts

CONTINUATION OF AGREEMENT TERMS. Licensee shall continue to abide by the terms of this Agreement with respect to such Trademarked Product during the period in which disposition pursuant to Article 21.1 of this Agreement is taking place. Neither Licensee nor any creditor judgment or otherwise), assignee, transferee, trustee, or receiver of Licensee, or similar person or officer, or purchaser other than in the regular course of Licensee's business may sell or transfer any Trademarked Product until and unless all sums due Licensor from Licensee have been paid. Further, upon termination of this Agreement, all labels, signs, packages, wrappers, cartons, circulars, advertisements, and other items bearing or containing any reproduction or representation of any of the Trademarks shall automatically and without cost to Licensor become the property of Licensor, and Licensee shall immediately deliver the same to Licensor's place of business or other location designated by Licensor. The reasonable cost of such delivery shall be paid by the Licensor. 21.3

Appears in 3 contracts

Samples: Trademarks License Agreement Agreement (Newtech Corp), Trademarks License Agreement Agreement (Newtech Corp), Trademarks License Agreement Agreement (Newtech Corp)

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CONTINUATION OF AGREEMENT TERMS. Licensee shall continue to abide by the terms of this Agreement with respect to such Trademarked Product during the period in which disposition pursuant to Article 21.1 of this Agreement is taking place. Neither Licensee nor any creditor (judgment or otherwise), assignee, transferee, trustee, or receiver of Licensee, or similar person or officer, or purchaser other than in the regular course of Licensee's business may sell or transfer any Trademarked Product until and unless all sums due Licensor from Licensee have been paid. Further, upon termination of this Agreement, all labels, signs, packages, wrappers, cartons, circulars, advertisements, and other items bearing or containing any reproduction or representation of any of the Trademarks shall shalL automatically and without cost to Licensor become the property of Licensor, and Licensee shall immediately deliver the same to Licensor's place of business or other location designated by Licensor. The reasonable cost of such delivery shall be paid by the Licensor. 21.3

Appears in 3 contracts

Samples: Trademarks License Agreement Agreement (Newtech Corp), Trademarks License Agreement Agreement (Newtech Corp), Trademarks License Agreement Agreement (Newtech Corp)

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CONTINUATION OF AGREEMENT TERMS. Licensee shall continue to abide by the terms of this Agreement with respect to such Trademarked Product during the period in which disposition pursuant to Article 21.1 of this Agreement is taking place. Neither Licensee nor any creditor (judgment or otherwise), assignee, transferee, trustee, or receiver of Licensee, or similar person or officer, or purchaser other than in the regular course of Licensee's business may sell or transfer any Trademarked Trademark Product until and unless all sums due Licensor from Licensee have been paid. Further, upon termination of this Agreement, all labels, signs, packages, wrappers, cartons, circulars, advertisements, and other items bearing or containing any reproduction or representation of any of the Trademarks Trademark shall automatically and without cost to Licensor become the property of Licensor, and Licensee shall immediately deliver the same to Licensor's place of business or other location designated by Licensor. The reasonable cost of such delivery shall be paid by the Licensor. 21.3.

Appears in 2 contracts

Samples: Trademark License Agreement (Newtech Corp), Trademark License Agreement (Newtech Corp)

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