Common use of Ownership and Quality Clause in Contracts

Ownership and Quality. (a) ETRN agrees that ownership of the Name and the Marks and the goodwill relating thereto shall remain vested in EQM, the owner of the xxxx, and any successor thereto, both during the term of this License and thereafter, and ETRN further agrees, and agrees to cause the ETRN Entities and Partnership Entities never to challenge, contest or question the validity of EQM’s ownership of the Name and Marks or any registration thereto by EQM. In connection with the use of the Name and the Marks, each ETRN Entity and each Partnership 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 ETRN, on behalf of itself and the ETRN Entities and Partnership Entities, 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 an ETRN Entity or a Partnership Entity shall inure to the benefit of EQM.

Appears in 3 contracts

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

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Ownership and Quality. (a) ETRN agrees that ownership of the Name and the Marks and the goodwill relating thereto shall remain vested in EQMthe Partnership, the owner of the xxxx, and any successor thereto, both during the term of this License and thereafter, and ETRN further agrees, and agrees to cause the ETRN Entities and Partnership Entities never to challenge, contest or question the validity of EQMthe Partnership’s ownership of the Name and Marks or any registration thereto by EQMthe Partnership. In connection with the use of the Name and the Marks, each ETRN Entity and each Partnership 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 ETRN, on behalf of itself and the ETRN Entities and Partnership Entities, 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 an ETRN Entity or a Partnership Entity shall inure to the benefit of EQMthe Partnership.

Appears in 3 contracts

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

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