Common use of License Operating Committee Clause in Contracts

License Operating Committee. Sears and SHO shall form a committee (the “License Operating Committee”) that shall address all day-to-day operational and other issues that may arise with respect to this Agreement and all Disputes (as defined in Section 17(b)(ii) below). The License Operating Committee shall discuss all of these issues and shall attempt to resolve informally all Disputes in accordance with Section 17(b). The License Operating Committee shall consist of three employees of each party as designated by the party. The initial employee designees are listed on Appendix 17(a). Each party may replace one or more of its designees at any time upon notice to the other Party. Each party shall promptly fill all of its License Operating Committee vacancies as they arise by notice to the other party. Unless the members of the License Operating Committee unanimously agree otherwise, the License Operating Committee shall meet at least once every calendar month during the Term on the dates determined by the members of the License Operating Committee. If the members of the License Operating Committee cannot agree on a date or a time for a particular monthly meeting the meeting shall occur at 1:00 p.m. Central Time on the second Thursday of the month at the offices of SHC, 0000 Xxxxxxx Xxxx, Hoffman Estates, IL 60179 B6-D. At all times one of the members of the License Operating Committee shall serve as the License Operating Committee’s Chairperson. The Chairperson shall rotate among the License Operating Committee members on a monthly basis. The initial Chairperson is listed on Appendix 17(a) and the other License Operating Committee members each shall serve thereafter as Chairperson, on a monthly basis, rotating between Sears’ members and XXXX’x members. The Chairperson (i) shall request that License Operating Committee members provide meeting agenda items and (ii) shall distribute to members, at least two business days in advance of each License Operating Committee meeting, an agenda for the meeting. The License Operating Committee shall constitute the License Operating Committee for all purposes of the License Agreements and shall function accordingly.

License Operating Committee. Subject to the last sentence of this Section 11.1, Sears and SHO shall Outlet Stores will form a committee (the “License Operating Committee”) that shall will address all day-to-day operational and other issues that may arise with respect to this Agreement and all Disputes (as defined in Section 17(b)(ii) 11.2 below). The License Operating Committee shall will discuss all of these issues and shall will attempt to resolve informally all Disputes in accordance with Section 17(b)11.2b. The License Operating Committee shall will consist of three employees of each party as designated by the party. The initial employee designees are listed on Appendix 17(a)11.1. Each party may replace one or more of its designees at any time upon notice to the other Party. Each party shall will promptly fill all of its License Operating Committee vacancies as they arise by notice to the other party. Unless the members of the License Operating Committee unanimously agree otherwise, the License Operating Committee shall will meet at least once every calendar month during the Term on the dates determined by the members of the License Operating Committee. If the members of the License Merchandise Operating Committee cannot agree on a date or a time for a particular monthly meeting the meeting shall will occur at 1:00 p.m. Central Time on the second Thursday of the month at the offices of SHC, 0000 Xxxxxxx Xxxx, Hoffman Estates, IL 60179 B6-D. At all times one of the members of the License Operating Committee shall will serve as the Execution Copy License Operating Committee’s Chairperson. The Chairperson shall will rotate among the License Operating Committee members on a monthly basis. The initial Chairperson is listed on Appendix 17(a) 11.1 and the other License Operating Committee members each shall will serve thereafter as Chairperson, on a monthly basis, rotating between Sears’ members and XXXX’x Outlet Stores’ members. The Chairperson (i) shall will request that License Operating Committee members provide meeting agenda items and (ii) shall will distribute to members, at least two business days in advance of each License Operating Committee meeting, an agenda for the meeting. The If in accordance with the Trademark License Agreement a “License Operating Committee” has been formed and is operating (the “TLOC”), then (a) Sears and Outlet Stores will not be required to form the License Operating Committee shall constitute in accordance with this Section 11.1 and (b) the TLOC will serve at the License Operating Committee for all purposes of the License Agreements and shall function accordinglythis Agreement.

License Operating Committee. Subject to the last sentence of this Section 11.1, Sears and SHO shall SHAS will form a committee (the “License Operating Committee”) that shall will address all day-to-day operational and other issues that may arise with respect to this Agreement and all Disputes (as defined in Section 17(b)(ii) 11.2 below). The License Operating Committee shall will discuss all of these issues and shall will attempt to resolve informally all Disputes in accordance with Section 17(b)11.2b. The License Operating Committee shall will consist of three employees of each party as designated by the party. The initial employee designees are listed on Appendix 17(a)11.1. Each party may replace one or more of its designees at any time upon notice to the other Party. Each party shall will promptly fill all of its License Operating Committee vacancies as they arise by notice to the other party. Unless the members of the License Operating Committee unanimously agree otherwise, the License Operating Committee shall will meet at least once every calendar month during the Term on the dates determined by the members of the License Operating Committee. If the members of the License Merchandise Operating Committee cannot agree on a date or a time for a particular monthly meeting the meeting shall will occur at 1:00 p.m. Central Time on the second Thursday of the month at the offices of SHC, 0000 Xxxxxxx Xxxx, Hoffman Estates, IL 60179 B6-D. At all times one of the members of the License Operating Committee shall will serve as the License Operating Committee’s Chairperson. The Chairperson shall will rotate among the License Operating Committee members on a monthly basis. The initial Chairperson is listed on Appendix 17(a) 11.1 and the other License Operating Committee members each shall will serve thereafter as Chairperson, on a monthly basis, rotating between Sears’ members and XXXX’x SHAS’s members. The Chairperson (i) shall will request that License Operating Committee members provide meeting agenda items and (ii) shall will distribute to members, at least two business days in advance of each License Operating Committee meeting, an agenda for the meeting. The If in accordance with the Trademark License Agreement a “License Operating Committee” has been formed and is operating (the “TLOC”), then (a) Sears and SHAS will not be required to form the License Operating Committee shall constitute in accordance with this Section 11.1 and (b) the TLOC will serve at the License Operating Committee for all purposes of the License Agreements and shall function accordinglythis Agreement.

License Operating Committee. Subject to the last sentence of this Section 11.1, Sears and SHO shall XXXX will form a committee (the “License Operating Committee”) that shall will address all day-to-day operational and other issues that may arise with respect to this Agreement and all Disputes (as defined in Section 17(b)(ii) 11.2 below). The License Operating Committee shall will discuss all of these issues and shall will attempt to resolve informally all Disputes in accordance with Section 17(b)11.2b. The License Operating Committee shall will consist of three employees of each party as designated by the party. The initial employee designees are listed on Appendix 17(a)11.1. Each party may replace one or more of its designees at any time upon notice to the other Party. Each party shall will promptly fill all of its License Operating Committee vacancies as they arise by notice to the other party. Unless the members of the License Operating Committee unanimously agree otherwise, the License Operating Committee shall will meet at least once every calendar month during the Term on the dates determined by the members of the License Operating Committee. If the members of the License Merchandise Operating Committee cannot agree on a date or a time for a particular monthly meeting the meeting shall will occur at 1:00 p.m. Central Time on the second Thursday of the month at the offices of SHC, 0000 Xxxxxxx Xxxx, Hoffman Estates, IL 60179 B6-D. At all times one of the members of the License Operating Committee shall will serve as the License Operating Committee’s Chairperson. The Chairperson shall will rotate among the License Operating Committee members on a monthly basis. The initial Chairperson is listed on Appendix 17(a) 11.1 and the other License Operating Committee members each shall will serve thereafter as Chairperson, on a monthly basis, rotating between Sears’ members and XXXX’x members. The Chairperson (i) shall will request that License Operating Committee members provide meeting agenda items and (ii) shall will distribute to members, at least two business days in advance of each License Operating Committee meeting, an agenda for the meeting. The If in accordance with the Trademark License Agreement a “License Operating Committee” has been formed and is operating (the “TLOC”), then (a) Sears and XXXX will not be required to form the License Operating Committee shall constitute in accordance with this Section 11.1 and (b) the TLOC will serve at the License Operating Committee for all purposes of the License Agreements and shall function accordingly.this Agreement. Execution Copy