Common use of Domain Name License Clause in Contracts

Domain Name License. Subject to the terms and conditions of this Agreement, Licensor hereby grants to each Licensee, solely in the Territory, an exclusive, personal, non-transferable (except as set forth in Section 15.1) license, without the right to sublicense (except as set forth in Section 2.5(a)), to use the Home Trademark as part of the domain names on Attachment H during the Term and the Extended Term, if applicable, provided that (i) such domain names may be used only in connection with Licensees’ SpinCo Business; (ii) Licensees will bear all costs or expenses associated with registration or renewal of such domain names, which costs or expenses shall be credited against Royalties; and (iii) Licensor shall have the full right to use and license the name “Honeywell” and the Honeywell Trademark in connection with any domain names which do not contain “HONEYWELLHOME.”

Domain Name License. Subject to the terms and conditions of this Agreement, Licensor hereby grants to each Licensee, solely in the Territory, an exclusive, personal, non-transferable (except as set forth in Section 15.1) license, without the right to sublicense (except as set forth in Section 2.5(a)2.5), to use the Home Trademark as part of the domain names on Attachment H during the Term and the Extended Term, if applicable, provided that (i) such domain names may be used only in connection with Licensees’ SpinCo Business; (ii) Licensees will bear all costs or expenses associated with registration or renewal of such domain names, which costs or expenses shall be credited against Royalties; and (iii) Licensor shall have the full right to use and license the name “Honeywell” and the Honeywell Trademark in connection with any domain names which do not contain “HONEYWELLHOME.”

Domain Name License. Subject to the terms and conditions of this Agreement, Licensor hereby grants to each Licensee, solely in the Territory, an exclusive, personal, non-transferable (except as set forth in Section 15.1) license, without the right to sublicense (except as set forth in Section 2.5(a)), to use the Home Trademark as part of the domain names on Attachment H during the Term and the Extended Term, if applicable, provided that (i) such domain names may be used only in connection with Licensees’ SpinCo Business; (ii) Licensees will bear all costs or expenses associated with registration or renewal of such domain names, which costs or expenses shall be credited against Royalties; and (iii) Licensor shall have the full right to use and license the name “Honeywell” and the Honeywell Trademark in connection with any domain names which do not contain “HONEYWELLHOME.”