Lender’s Right To Use Trade Name. Notwithstanding anything contained herein, Borrower agrees that Lender shall have an irrevocable license, coupled with an interest and for which consideration has been paid and received, to use the name “Emeritus” and/or associated trademark rights and trade names relating to any of the Mortgaged Property for a period not to exceed 120 days after the date Lender acquires the Mortgaged Property by foreclosure or deed-in-lieu of foreclosure.”
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Samples: And Security Agreement (Emeritus Corp\wa\), And Security Agreement (Emeritus Corp\wa\)
Lender’s Right To Use Trade Name. Notwithstanding anything contained herein, Borrower agrees that Lender shall have an irrevocable license, coupled with an interest and for which consideration has been paid and received, to use the name “Emeritus” "Sunrise" and/or associated trademark rights and trade names relating to any of the Mortgaged Property for a period not to exceed 120 days after the date Lender acquires the Mortgaged Property by foreclosure or deed-in-lieu of foreclosure.”
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Samples: Rents and Security Agreement (Sunrise Assisted Living Inc), Rents and Security Agreement (Sunrise Assisted Living Inc)
Lender’s Right To Use Trade Name. Notwithstanding anything contained herein, Borrower agrees that Lender shall have an irrevocable license, coupled with an interest and for which consideration has been paid and received, to use the name “Emeritus” Emeritus at Pinnacle and/or associated trademark rights and trade names relating to any of the Mortgaged Property for a period not to exceed 120 days after the date Lender acquires the Mortgaged Property by foreclosure or deed-in-lieu of foreclosure.”
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