Common use of Revocation of Rights of Use Clause in Contracts

Revocation of Rights of Use. In the event that a Party (the “Acquired Party”) is acquired by, merges with, or otherwise comes under the direct control of an entity which the other Party (the “Objecting Party”) determines, using its reasonable discretion, to be a competitor of the Objecting Party, then the Acquired Party agrees that it shall cease any and all use of the Common Xxxx. Within thirty (30) days after the public announcement of the consummation of an acquisition, merger or the like, the Acquired Party shall provide written notice to the Objecting Party of the public details of the transaction. Within thirty (30) days after receipt of the written notice from the Acquired Party, the Objecting Party shall provide written notice to Acquired Party if the Objecting Party objects to the continued use of the Common Xxxx under this Section 3.2(f). If the Objecting Party does not timely provide such written notice, the Objecting Party will be conclusively deemed not to object. No more than nine (9) months after receipt of the written notice from the Objecting Party, the Acquired Party will cease any and all use of the Common Xxxx and will take no further action to prosecute, maintain or renew any registration around the world for the Common Xxxx.

Revocation of Rights of Use. In the event that a Party (the “Acquired Party”) is acquired by, merges with, or otherwise comes under the direct control of an entity which the other Party (the “Objecting Party”) determines, using its reasonable discretion, to be a competitor of the Objecting Party, then the Acquired Party agrees that it shall cease any and all use of the Common Xxxx. Within thirty (30) days after the public announcement of the consummation of an acquisition, merger or the like, the Acquired Party shall provide written notice to the Objecting Party of the public details of the transaction. Within thirty (30) days after receipt of the written notice from the Acquired Party, the Objecting Party shall provide written notice to Acquired Party if the Objecting Party objects to the continued use of the Common Xxxx under this Section 3.2(f3.2(e). If the Objecting Party does not timely provide such written notice, the Objecting Party will be conclusively deemed not to object. No more than nine (9) months after receipt of the written notice from the Objecting Party, the Acquired Party will cease any and all use of the Common Xxxx and will take no further action to prosecute, maintain or renew any registration around the world for the Common Xxxx.