Common use of Parent Marks Clause in Contracts

Parent Marks. It is expressly agreed that Synovus is not purchasing or acquiring any right, title or interest in any Parent Marks or any goodwill related thereto and symbolized thereby and Synovus shall not have any rights to use any Parent Marks after the Closing Date; provided that nothing contained in this Agreement shall limit the ability of Synovus to provide Accountholders (including authorized users) or any Governmental Authority with copies of any Account Documentation which bears any Parent Xxxx to the extent required by Law. Synovus acknowledges that Seller is not transferring any ownership interest in or to any Parent Marks or any goodwill related thereto and symbolized thereby to Synovus. Synovus shall not use any Parent Licensed Xxxx following the Subsequent Closing in any manner intended to damage or diminish Seller’s goodwill therein. The parties agree that any use of the Parent Licensed Marks in a manner consistent with Seller’s past practice will not be deemed to damage or diminish Seller’s goodwill therein; provided that Synovus shall, promptly following receipt of written notice from Seller setting forth with reasonable specificity the usage covered, cease any act or practice in connection with the Synovus Retained Assets that, in Seller’s opinion, has materially damaged or diminished or would reasonably likely materially damage or diminish the goodwill of Seller or its Affiliates.

Parent Marks. It Except as expressly provided in the Program Agreement, it is expressly agreed that Synovus Capital One is not purchasing or acquiring any right, title or interest in any Parent Marks or any goodwill related thereto and symbolized thereby and Synovus Capital One shall not have any rights to use any Parent Marks after the Closing Date; provided that nothing contained in this Agreement shall limit the ability of Synovus Capital One to provide Accountholders (including authorized users) or any Governmental Authority with copies of any Account Documentation which bears any Parent Xxxx to the extent required by Law. Synovus Capital One acknowledges that Seller is not transferring any ownership interest in or to any Parent Marks or any goodwill related thereto and symbolized thereby to SynovusCapital One. Synovus Capital One shall not use any Parent Licensed Xxxx following the Subsequent Closing in any manner intended to damage or diminish Seller’s goodwill therein. The parties agree that any use of the Parent Licensed Marks in a manner consistent with Seller’s past practice will not be deemed to damage or diminish Seller’s goodwill therein; provided that Synovus Capital One shall, promptly following receipt of written notice from Seller setting forth with reasonable specificity the usage covered, cease any act or practice in connection with the Synovus Retained Capital One Acquired Assets or associated program that, in Seller’s opinion, has materially damaged or diminished or would reasonably likely materially damage or diminish the goodwill of Seller or its Affiliates.

Parent Marks. It Except as expressly provided in the Program Agreement, it is expressly agreed that Synovus Purchaser is not purchasing or acquiring any right, title or interest in any Parent Marks or any goodwill related thereto and symbolized thereby and Synovus Purchaser shall not have any rights to use any Parent Marks after the Closing Date; provided that nothing contained in this Agreement shall limit the ability of Synovus Purchaser to provide Accountholders (including authorized users) or any Governmental Authority with copies of any Account Documentation which bears any Parent Xxxx to the extent required by Law. Synovus Purchaser acknowledges that Seller is not transferring any ownership interest in or to any Parent Marks or any goodwill related thereto and symbolized thereby to SynovusPurchaser. Synovus Purchaser shall not use any Parent Licensed Xxxx following the Subsequent Closing in any manner intended to damage or diminish Seller’s goodwill therein. The parties agree that any use of the Parent Licensed Marks in a manner consistent with Seller’s past practice will not be deemed to damage or diminish Seller’s goodwill therein; provided that Synovus Purchaser shall, promptly following receipt of written notice from Seller setting forth with reasonable specificity the usage covered, cease any act or practice in connection with the Synovus Retained Acquired Assets or associated program that, in Seller’s opinion, has materially damaged or diminished or would reasonably likely materially damage or diminish the goodwill of Seller or its Affiliates.