Gulton Name Sample Clauses

Gulton Name. Buyer will change the name of the Company immediately following the Closing to a name that does not include the word GULTON or any word confusingly similar to GULTON. The Buyer acknowledges that after Closing, ownership of all right, title and interest in and to the trademark, trade name and service mark XXXXXX xxxed by Mark XX, XXC and/or any of the Audio Products Group Companies prior to the Closing shall remain with Mark XX xx PLC, as the case may be. Except as set forth herein, nothing in this Agreement grants the Buyer, any right, title or interest in and to GULTON and the Buyer agrees, at Mark XX's and/or PLC's expense, to take all actions and to execute and deliver all documents reasonably necessary, desirable or proper to assist Mark XX xxx/or PLC in maintaining their respective rights to the GULTON trademark, trade name or service mark, xxovided, however, that notwithstanding anything contained in this Section 8.12 to the contrary, for a period of one month after the Closing Date, Mark XX xxx PLC hereby grant the Buyer, the Company and each Audio Products Company a royalty-free right and license to use GULTON as a trade name, trademark or service mark xx any jurisdiction in the world in which the Audio Products Business is currently using GULTON.
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