Common use of Facility Trade Names Clause in Contracts

Facility Trade Names. If this Master Lease is terminated by reason of an Event of Default or Lessor exercises its option to purchase Lessee’s Personal Property pursuant to Section 35.1, Lessor shall be permitted to use the name(s) under which any Facility has done business during the Term (the “Facility Trade Names”); provided, however, that nothing herein shall be construed as granting Lessor any right to use the name “SunBridge” or “Sun” or “Mediplex”or “Harborside” or “Peak” any variation thereof. Lessee shall not, after any termination of this Master Lease, use any Facility Trade Name in the same market in which any of the Facilities is located in connection with any business that competes with any Facility.

Appears in 4 contracts

Samples: Master Lease Agreement (Omega Healthcare Investors Inc), Master Lease (Sun Healthcare Group Inc), Master Lease Agreement (Sun Healthcare Group Inc)

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Facility Trade Names. If this Master Lease is terminated by reason of an Event of Default or Lessor Landlord exercises its option to purchase LesseeTenant’s Personal Property pursuant to Section 35.136.3, Lessor Landlord shall be permitted to use the name(s) under which any Facility has done business during the Term (the “Facility Trade Names”); provided, however, that nothing herein shall be construed as granting Lessor Landlord any right to use the name “SunBridge” or “Sun” or “Mediplex”or Sun Healthcare Group” or “Harborside” or “Peak” any variation thereof. Lessee Tenant shall not, after any termination of this Master Lease, use any Facility Trade Name in the same market in which any of the Facilities is located in connection with any business that competes with any Facility.

Appears in 1 contract

Samples: Master Lease (Sabra Health Care REIT, Inc.)

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