Modification of Sotheby’s Name Sample Clauses

Modification of Sotheby’s Name. In the event that Licensor desires to modify the Sotheby’s Xxxx or its stylized design with respect to Licensor’s and its Affiliates businesses, Licensor shall provide Licensee with not less than six months’ advance written notice of such change (the “New Style Notice”) and the effective date of such change (the “New Style Date”), and on the New Style Date each Licensed Xxxx (including as it is sublicensed by Licensee hereunder) shall be automatically modified accordingly and Licensor’s and its Affiliates use of the Sotheby’s Xxxx shall also be modified accordingly; provided that modification of the Licensed Marks shall not be required to the extent that the name SOTHEBY’S is changed to include descriptive terms inconsistent with real estate brokerage services (e.g., “Sotheby’s Auction Houses”). Notwithstanding the foregoing, if the Licensor and its Affiliates discontinue all use of the Sotheby’s Xxxx for a period of at least 12 consecutive months, then Licensee shall have the right to use the Sotheby’s Xxxx to the extent embodied in each Licensed Xxxx during the term of this Agreement and pursuant to the terms and conditions of this Agreement. As of the New Style Date, all new advertising, marketing materials, signage and any other new representation of each Licensed Xxxx shall conform to the noticed modifications, provided that for a period of three years from the New Style Date, Licensee and each Branded Operator shall be permitted to use its inventory of marketing materials, signage and other similar materials to the extent in existence as of date of the New Style Notice. The right of Licensor to cause a change to any Licensed Xxxx pursuant to this Section 3.9 shall be exercisable not more than once in any five-year period during the term.
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Related to Modification of Sotheby’s Name

  • Modification of Agreement This Agreement may be modified, amended, suspended or terminated, and any terms or conditions may be waived, but only by a written instrument executed by the parties hereto.

  • Modification of Services Credit Union reserves the right to modify the Service from time to time without making prior notice to Member, provided, however, that Credit Union will give you at least thirty (30) days notice prior to making any modifications to the Service that would materially alter their functionality.

  • Modification of Covenant If a final judgment of a court or tribunal of competent jurisdiction determines that any term or provision contained in Section 5.7(a) through (c) is invalid or unenforceable, then the parties agree that the court or tribunal will have the power to reduce the scope, duration or geographic area of the term or provision, to delete specific words or phrases or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision. This Section 5.7 will be enforceable as so modified after the expiration of the time within which the judgment may be appealed. This Section 5.7 is reasonable and necessary to protect and preserve Buyer’s legitimate business interests and the value of the Assets and to prevent any unfair advantage conferred on Seller.

  • Modification of Rights The rights of the Optionee are subject to modification and termination in certain events as provided in this Option Agreement and the Plan.

  • Amendment or Modification This Agreement may be amended or modified from time to time only by a written instrument that is executed by the Member.

  • Incorporation of Standard Terms Except as otherwise provided herein, all of the provisions of the Standard Terms are hereby incorporated herein by reference in their entirety, and this Series Supplement and the Standard Terms shall form a single agreement between the parties. In the event of any inconsistency between the provisions of this Series Supplement and the provisions of the Standard Terms, the provisions of this Series Supplement will control with respect to the Series 2001-1 Certificates and the transactions described herein.

  • MODIFICATION OF NOTE 3.1 From and after the Effective Date, the provision in the Note captioned "Promise to Pay" is hereby amended as follows: The date on which the entire balance of unpaid principal plus accrued interest shall be due and payable immediately is hereby changed from March 31, 2010 to March 31, 2012.

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