Common use of Proprietary Marks Clause in Contracts

Proprietary Marks. During the Term of this Agreement, the name “Remington,” whether used alone or in connection with other another word(s), and all proprietary marks (being all present and future trademarks, trade names, symbols, logos, insignia, service marks, and the like) of Manager or any one of its Manager Affiliate Entities, whether or not registered (“Proprietary Marks”) shall in all events remain the exclusive property of Manager and its Manager Affiliate Entities. Lessee shall have no right to use any Proprietary Xxxx, except during the term of this Agreement to have signage installed using any Proprietary Xxxx in conformance with the specifications provided by Manager. Upon Termination, any use of a Proprietary Xxxx by Lessee under this Agreement shall immediately cease. Upon Termination, Manager shall have the option to purchase, at their then book value, any items of the applicable Hotel’s Inventories and Fixed Asset Supplies as may be marked with a Proprietary Xxxx. In the event Manager does not exercise such option, Lessee agrees that it will use any such items not so purchased exclusively in connection with the Hotel until they are consumed.

Appears in 7 contracts

Samples: Management Agreement, Management Agreement (Ashford Hospitality Prime, Inc.), Management Agreement (Braemar Hotels & Resorts Inc.)

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Proprietary Marks. During the Term of this Agreement, the name “Remington,” whether used alone or in connection with other another word(s), and all proprietary marks (being all present and future trademarks, trade names, symbols, logos, insignia, service marks, and the like) of Manager or any one of its Manager Affiliate Entities, whether or not registered (“Proprietary Marks”) shall in all events remain the exclusive property of Manager and its Manager Affiliate Entities. Lessee shall have no right to use any Proprietary Xxxx, except during the term of this Agreement to have signage installed using any Proprietary Xxxx in conformance with the specifications provided by Manager. Upon Termination, any use of a Proprietary Xxxx by Lessee under this Agreement shall immediately cease. Upon Termination, Manager shall have the option to purchase, at their then book value, any items of the applicable Hotel’s Inventories and Fixed Asset Supplies as may be marked with a Proprietary Xxxx. In the event Manager does not exercise such option, Lessee agrees that it will use any such items not so purchased exclusively in connection with the Hotel Hotels until they are consumed.

Appears in 1 contract

Samples: Hotel Master Management Agreement (Ashford Hospitality Trust Inc)

Proprietary Marks. During the Term of this Agreement, the name “Remington,” whether used alone or in connection with other another word(s), and all proprietary marks (being all present and future trademarks, trade names, symbols, logos, insignia, service marks, and the like) of Manager or any one of its Manager Affiliate Entities, whether or not registered (“Proprietary Marks”) shall in all events remain the exclusive property of Manager and its Manager Affiliate Entities. Lessee shall have no right to use any Proprietary XxxxMark, except during the term of this Agreement to have signage installed using any Proprietary Xxxx Mark in conformance with the specifications provided by Manager. Upon Termination, any use of a Proprietary Xxxx Mark by Lessee under this Agreement shall immediately cease. Upon Termination, Manager shall have the option to purchase, at their then book value, any items of the applicable Hotel’s Inventories and Fixed Asset Supplies as may be marked with a Proprietary XxxxMark. In the event Manager does not exercise such option, Lessee Xxxxxx agrees that it will use any such items not so purchased exclusively in connection with the Hotel until they are consumed.

Appears in 1 contract

Samples: Hotel Master Management Agreement (Ashford Inc.)

Proprietary Marks. During the Term of this Agreement, the name "Remington," whether used alone or in connection with other another word(s), and all proprietary marks (being all present and future trademarks, trade names, symbols, logos, insignia, service marks, and the like) of Manager or any one of its Manager Affiliate Entities, whether or not registered (“Proprietary Marks”"PROPRIETARY MARKS") shall in all events remain the exclusive property of Manager and its Manager Affiliate Entities. Lessee shall have no right to use any Proprietary XxxxMark, except during the term of this Agreement to have signage installed instaxxxx using any Proprietary Xxxx Mark in conformance with the specifications provided by Manager. Upon TerminationUpox Xxrmination, any use of a Proprietary Xxxx Mark by Lessee under this Agreement shall immediately cease. Upon TerminationTexxxxation, Manager shall have the option to purchase, at their then book value, any items of the applicable Hotel’s 's Inventories and Fixed Asset Supplies as may be marked with a Proprietary XxxxMark. In the event Manager does not exercise such option, Lessee agrees agrxxx that it will use any such items not so purchased exclusively in connection with the Hotel Hotels until they are consumed.

Appears in 1 contract

Samples: Master Management Agreement (Ashford Hospitality Trust Inc)

Proprietary Marks. During the Term of this Agreement, the name “Remington,” whether used alone or in connection with other another word(s), and all proprietary marks (being all present and future trademarks, trade names, symbols, logos, insignia, service marks, and the like) of Manager or any one of its Manager Affiliate Entities, whether or not registered (“Proprietary Marks”) shall in all events remain the exclusive property of Manager and its Manager Affiliate Entities. Lessee shall have no right to use any Proprietary XxxxMark, except during the term of this Agreement to have signage installed using any Proprietary Xxxx Mark in conformance with the specifications provided by Manager. Upon Termination, any use of a Proprietary Xxxx Mark by Lessee under this Agreement shall immediately cease. Upon Termination, Manager shall have the option to purchase, at their then book value, any items of the applicable Hotel’s Inventories and Fixed Asset Supplies as may be marked with a Proprietary XxxxMark. In the event Manager does not exercise such option, Lessee Lxxxxx agrees that it will use any such items not so purchased exclusively in connection with the Hotel until they are consumed.

Appears in 1 contract

Samples: Hotel Master Management Agreement (Stirling Hotels & Resorts, Inc.)

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Proprietary Marks. During the Term term of this Agreement, the name “Remington"Crestline," whether used alone or in connection with other another word(s), and all proprietary marks (being all present and future trademarks, trade names, symbols, logos, insignia, service marks, and the like) of Manager Management Company or any one of its Manager Affiliate EntitiesAffiliates, whether or not registered ("Proprietary Marks") shall in all events remain the exclusive property of Manager Management Company and its Manager Affiliate EntitiesAffiliates. Lessee Owner shall have no right to use any Proprietary Xxxx, except during the term of this Agreement to have signage installed using any Proprietary Xxxx in conformance with the specifications provided by ManagerManagement Company. Upon Termination, any use of a Proprietary Xxxx by Lessee Owner under this Agreement shall immediately cease. Upon Termination, Manager Management Company shall have the option to purchase, at their then book value, any items of the applicable Hotel’s 's Inventories and Fixed Asset Supplies as may be marked with a Proprietary Xxxx. In the event Manager Management Company does not exercise such option, Lessee Owner agrees that it will use any such items not so purchased exclusively in connection with the Hotel until they are consumed.

Appears in 1 contract

Samples: Management Agreement (Equity Inns Inc)

Proprietary Marks. During the Term of this Agreement, the name “Remington,” whether used alone or in connection with other another word(s), and all proprietary marks (being all present and future trademarks, trade names, symbols, logos, insignia, service marks, and the like) of Manager or any one of its Manager Affiliate Entities, whether or not registered (“Proprietary Marks”) shall in all events remain the exclusive property of Manager and its Manager Affiliate Entities. Lessee shall have no right to use any Proprietary XxxxMxxx, except during the term of this Agreement to have signage installed using any Proprietary Xxxx Mxxx in conformance with the specifications provided by Manager. Upon Termination, any use of a Proprietary Xxxx Mxxx by Lessee under this Agreement shall immediately cease. Upon Termination, Manager shall have the option to purchase, at their then book value, any items of the applicable Hotel’s Inventories and Fixed Asset Supplies as may be marked with a Proprietary XxxxMxxx. In the event Manager does not exercise such option, Lessee agrees that it will use any such items not so purchased exclusively in connection with the Hotel Hotels until they are consumed.

Appears in 1 contract

Samples: Hotel Master Management Agreement (Ashford Hospitality Trust Inc)

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