Common use of Ownership and Quality Clause in Contracts

Ownership and Quality. (a) The Partnership agrees that ownership of the Name and the Marks and the goodwill relating thereto shall remain vested in EQT IP Ventures, LLC (“IP Ventures”), the owner of the xxxx, and any successor thereto, both during the term of this License and thereafter, and the Partnership further agrees, and agrees to cause the other members of the Partnership Group, never to challenge, contest or question the validity of IP Ventures’ ownership of the Name and Marks or any registration thereto by IP Ventures. In connection with the use of the Name and the Marks, the Partnership and any other member of the Partnership Group shall not in any manner represent that they have any ownership in the Name and the Marks or registration thereof except as set forth herein, and the Partnership, on behalf of itself and the other members of the Partnership Group, acknowledges that the use of the Name and the Marks shall not create any right, title or interest in or to the Name and the Marks, and all use of the Name and the Marks by the Partnership or any other member of the Partnership Group, shall inure to the benefit of IP Ventures. (b) The Partnership agrees, and agrees to cause the other members of the Partnership Group, to use the Name and Marks in accordance with such quality standards established by or for EQT and communicated to the Partnership from time to time, it being understood that the products and services offered by the members of the Partnership Group immediately before the Closing Date are of a quality that is acceptable to EQT and justifies the License. In the event any entity comprising a part of the Partnership Group or the Partnership is determined by EQT to be using the Marks in a manner not in accordance with quality standards established by EQT, EQT shall provide written notice of such unacceptable use including the reason why applicable quality standards are not being met. If acceptable proof that quality standards are met is not provided to EQT within thirty (30) days of such notice, the entity’s license to use the Marks shall terminate and shall not be renewed absent written authorization from EQT.

Appears in 3 contracts

Samples: Omnibus Agreement, Omnibus Agreement (EQT GP Holdings, LP), Omnibus Agreement (EQT GP Holdings, LP)

AutoNDA by SimpleDocs

Ownership and Quality. (a) The Partnership ETRN agrees that ownership of the Name and the Marks and the goodwill relating thereto shall remain vested in EQT IP Ventures, LLC (“IP Ventures”)EQM, the owner of the xxxx, and any successor thereto, both during the term of this License and thereafter, and the Partnership ETRN further agrees, and agrees to cause the other members of the ETRN Entities and Partnership Group, Entities never to challenge, contest or question the validity of IP Ventures’ EQM’s ownership of the Name and Marks or any registration thereto by IP VenturesEQM. In connection with the use of the Name and the Marks, the each ETRN Entity and each Partnership and any other member of the Partnership Group Entity shall not in any manner represent that they have any ownership in the Name and the Marks or registration thereof except as set forth herein, and the PartnershipETRN, on behalf of itself and the other members of the ETRN Entities and Partnership GroupEntities, acknowledges that the use of the Name and the Marks shall not create any right, title or interest in or to the Name and the Marks, and all use of the Name and the Marks by the an ETRN Entity or a Partnership or any other member of the Partnership Group, Entity shall inure to the benefit of IP VenturesEQM. (b) The Partnership ETRN agrees, and agrees to cause the other members of the each ETRN Entity and Partnership GroupEntity, to use the Name and Marks in accordance with such quality standards established by or for EQT EQM and communicated to the Partnership ETRN from time to time, it being understood that the products and services offered by the members of ETRN Entities and the Partnership Group Entities immediately before the Closing Date are of a quality that is acceptable to EQT EQM and justifies the License. In the event any entity comprising a part of the ETRN Entity or Partnership Group or the Partnership Entity is determined by EQT EQM to be using the Marks in a manner not in accordance with quality standards established by EQTEQM, EQT EQM shall provide written notice of such unacceptable use including the reason why applicable quality standards are not being met. If acceptable proof that quality standards are met is not provided to EQT EQM within thirty (30) days of such notice, the entity’s license to use the Marks shall terminate and shall not be renewed absent written authorization from EQTEQM.

Appears in 3 contracts

Samples: Omnibus Agreement (EQGP Holdings, LP), Omnibus Agreement (Equitrans Midstream Corp), Omnibus Agreement (Equitrans Midstream Corp)

Ownership and Quality. (a) The Partnership ETRN agrees that ownership of the Name and the Marks and the goodwill relating thereto shall remain vested in EQT IP Ventures, LLC (“IP Ventures”)the Partnership, the owner of the xxxx, and any successor thereto, both during the term of this License and thereafter, and the Partnership ETRN further agrees, and agrees to cause the other members of the ETRN Entities and Partnership Group, Entities never to challenge, contest or question the validity of IP Ventures’ the Partnership’s ownership of the Name and Marks or any registration thereto by IP Venturesthe Partnership. In connection with the use of the Name and the Marks, the each ETRN Entity and each Partnership and any other member of the Partnership Group Entity shall not in any manner represent that they have any ownership in the Name and the Marks or registration thereof except as set forth herein, and the PartnershipETRN, on behalf of itself and the other members of the ETRN Entities and Partnership GroupEntities, acknowledges that the use of the Name and the Marks shall not create any right, title or interest in or to the Name and the Marks, and all use of the Name and the Marks by the an ETRN Entity or a Partnership or any other member of the Partnership Group, Entity shall inure to the benefit of IP Venturesthe Partnership. (b) The Partnership ETRN agrees, and agrees to cause the other members of the each ETRN Entity and Partnership GroupEntity, to use the Name and Marks in accordance with such quality standards established by or for EQT the Partnership and communicated to the Partnership ETRN from time to time, it being understood that the products and services offered by the members of ETRN Entities and the Partnership Group Entities immediately before the Closing Date are of a quality that is acceptable to EQT the Partnership and justifies the License. In the event any entity comprising a part of the ETRN Entity or Partnership Group or the Partnership Entity is determined by EQT the Partnership to be using the Marks in a manner not in accordance with quality standards established by EQTthe Partnership, EQT the Partnership shall provide written notice of such unacceptable use including the reason why applicable quality standards are not being met. If acceptable proof that quality standards are met is not provided to EQT the Partnership within thirty (30) days of such notice, the entity’s license to use the Marks shall terminate and shall not be renewed absent written authorization from EQTthe Partnership.

Appears in 3 contracts

Samples: Omnibus Agreement (Equitrans Midstream Corp), Omnibus Agreement (EQM Midstream Partners, LP), Omnibus Agreement (Equitrans Midstream Corp)

Ownership and Quality. (a) The Partnership agrees that ownership of the Name and the Marks and the goodwill relating thereto shall remain vested in EQT IP Ventures, LLC (“IP Ventures”), the owner of the xxxx, and any successor thereto, both during the term of this License and thereafter, and the Partnership further agrees, and agrees to cause the other members of the Partnership Group, never to challenge, contest or question the validity of IP Ventures’ Venture’s ownership of the Name and Marks or any registration thereto by IP Ventures. In connection with the use of the Name and the MarksXxxx, the Partnership and any other member of the Partnership Group shall not in any manner represent that they have any ownership in the Name and the Marks or registration thereof except as set forth herein, and the Partnership, on behalf of itself and the other members of the Partnership Group, acknowledges acknowledge that the use of the Name and the Marks shall not create any right, title or interest in or to the Name and the MarksXxxx, and all use of the Name and the Marks by the Partnership or any other member of the Partnership Group, shall inure to the benefit of IP Ventures. (b) The Partnership agrees, and agrees to cause the other members of the Partnership Group, to use the Name and Marks in accordance with such quality standards established by or for EQT and communicated to the Partnership from time to time, it being understood that the products and services offered by the members of the Partnership Group immediately before the Closing Date are of a quality that is acceptable to EQT and justifies the License. In the event any entity comprising a part of the Partnership Group or the Partnership is determined by EQT to be using the Marks in a manner not in accordance with quality standards established by EQT, EQT shall provide written notice of such unacceptable use including the reason why applicable quality standards are not being met. If acceptable proof that quality standards are met is not provided to EQT within thirty (30) days of such notice, the entity’s license to use the Marks shall terminate and shall not be renewed absent written authorization from EQT.

Appears in 3 contracts

Samples: Omnibus Agreement, Omnibus Agreement (EQT Midstream Partners, LP), Omnibus Agreement (EQT Midstream Partners, LP)

AutoNDA by SimpleDocs

Ownership and Quality. (a) The Partnership ETRN agrees that ownership of the Name and the Marks and the goodwill relating thereto shall remain vested in EQT IP Ventures, LLC (“IP Ventures”)the Partnership, the owner of the xxxx, and any successor thereto, both during the term of this License and thereafter, and the Partnership ETRN further agrees, and agrees to cause the other members of the ETRN Entities and Partnership Group, Entities never to challenge, contest or question the validity of IP Ventures’ the Partnership’s ownership of the Name and Marks or any registration thereto by IP Venturesthe Partnership. In connection with the use of the Name and the Marks, each ETRN Entity and each Partnership Entity (other than the Partnership and any other member of the Partnership Group Partnership) shall not in any manner represent that they have any ownership interest in the Name and the Marks or registration thereof except as set forth herein, and the PartnershipETRN, on behalf of itself and the other members of the ETRN Entities and Partnership GroupEntities, acknowledges that the use of the Name and the Marks shall not create any right, title or interest in or to the Name and the Marks, and all use of the Name and the Marks by the an ETRN Entity or a Partnership or any other member of the Partnership Group, Entity shall inure to the benefit of IP Venturesthe Partnership. (b) The Partnership ETRN agrees, and agrees to cause the other members of the each ETRN Entity and Partnership GroupEntity, to use the Name and Marks in accordance with such quality standards established by or for EQT the Partnership and communicated to the Partnership ETRN from time to time, it being understood that the products and services offered by the members of ETRN Entities and the Partnership Group Entities immediately before the Closing Date are of a quality that is acceptable to EQT the Partnership and justifies the License. In the event any entity comprising a part of the ETRN Entity or Partnership Group or the Partnership Entity is determined by EQT the Partnership to be using the Marks in a manner not in accordance with quality standards established by EQTthe Partnership, EQT the Partnership shall provide written notice of such unacceptable use including the reason why applicable quality standards are not being met. If acceptable proof that quality standards are met is not provided to EQT the Partnership within thirty (30) days of such notice, the entity’s license to use the Marks shall terminate and shall not be renewed absent written authorization from EQTthe Partnership.

Appears in 2 contracts

Samples: Omnibus Agreement (EQM Midstream Partners, LP), Omnibus Agreement (Equitrans Midstream Corp)

Ownership and Quality. (a) The Partnership agrees and the General Partner agree that ownership of the Name and the Marks and the goodwill relating thereto shall remain vested in EQT IP Ventures, LLC (“IP Ventures”), the owner of the xxxx, and any successor thereto, Holdings both during the term of this License and thereafter, and the Partnership and the General Partner further agreesagree, and agrees agree to cause the other members of the Partnership GroupEntities, never to challenge, contest or question the validity of IP Ventures’ Holdings’s ownership of the Name and the Marks or any registration thereto by IP VenturesHoldings. In connection with the use of the Name and the Marks, the Partnership Partnership, the General Partner and any other member of the Partnership Group Entity shall not in any manner represent that they have any ownership in the Name and the Marks or registration thereof except as set forth herein, and the PartnershipPartnership and the General Partner, on behalf of itself and the other members of the Partnership GroupEntities, acknowledges acknowledge that the use of the Name and the Marks shall not create any right, title or interest in or to the Name and the Marks, and all use of the Name and the Marks by the Partnership Partnership, the General Partner or any other member of the Partnership GroupEntity, shall inure to the benefit of IP Ventures. (b) Holdings. The Partnership agreesand the General Partner agree, and agrees agree to cause the other members of the Partnership GroupEntities, to use the Name and Marks in accordance with such quality standards established by or for EQT Holdings and communicated to the Partnership and the General Partner from time to time, it being understood that the products and services offered by the members of the Partnership Group Entities immediately before the Closing Date are of a quality that is acceptable to EQT Holdings and justifies the License. In the event any entity comprising a part of the Partnership Group or the Partnership Entity is determined by EQT Holdings to be using the Name and the Marks in a manner not in accordance with quality standards established by EQTHoldings, EQT Holdings shall provide written notice of such unacceptable use including the reason why applicable quality standards are not being met. If acceptable proof that quality standards are met is not provided to EQT Holdings within thirty (30) days of such notice, the entity’s license to use the Name and the Marks shall terminate and shall not be renewed absent written authorization from EQTHoldings.

Appears in 2 contracts

Samples: Omnibus Agreement (Tallgrass Energy GP, LP), Omnibus Agreement (Tallgrass Energy GP, LP)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!