Common use of Grant of Non-Exclusive License Clause in Contracts

Grant of Non-Exclusive License. Upon the terms and conditions hereinafter set forth, the Purchasing Agent hereby grants to the Company and to each other Agent (for purposes of this Section 10, each such party is referred to as a "Licensee") and each Licensee hereby accepts a non-exclusive, non-transferable (except as provided under paragraph (f) hereunder) license to use the service marks owned by the Purchasing Agent in respect of the names "General Term Notes" and "GTN" that it has used in connection with its business activities, and in which the Purchasing Agent asserts common law interests (hereinafter referred to collectively as "Marks") in connection with such Licensee's furtherance of this Agreement, including use of such Marks as part of such Licensee's marketing materials or other similar uses. No Licensee shall have any interest in or right to use the Marks except as set forth herein.