Common use of Seller Marks Clause in Contracts

Seller Marks. Buyer shall obtain no right, title, interest, license or any other right whatsoever to use the word “OGE” or “Enogex” or any trademarks containing or comprising the foregoing, or any trademark confusingly similar thereto or dilutive thereof (collectively, the "Seller Marks”). From and after the Closing, Buyer agrees that it shall (a) cause EAPC to change its name, and will cease to use the name “Enogex Arkansas Pipeline Corporation” or any other name used by EAPC or any derivative or abbreviation thereof in any manner, or any name similar to any of the foregoing names, (b) cause EAPC and NOARK to cease using the Seller Marks in any manner, directly or indirectly, except for such limited uses as cannot be promptly terminated (e.g., signage, e-mail addresses, and as a referral or pointer to the acquired website), and to cease such limited usage of the Seller Marks as promptly as possible after the Closing and in any event within 90 days following the Closing Date and (c) remove, strike over or otherwise obliterate all Seller Marks from all assets and all other materials owned, possessed or used by the NOARK Group. The Parties agree, because damages would be an inadequate remedy, that a Party seeking to enforce this Section 7.6 shall be entitled to seek specific performance and injunctive relief as remedies for any breach thereof in addition to other remedies available at law or in equity. This covenant shall survive indefinitely without limitation as to time.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Atlas America Inc), Stock Purchase Agreement (Atlas Pipeline Partners Lp)

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Seller Marks. Buyer shall obtain no right, title, interest, license or any other right whatsoever to use the word “OGE” or “EnogexXxxxXxxxx” or any trademarks containing or comprising the foregoing, or any trademark confusingly similar thereto or dilutive thereof (collectively, the "Seller Marks”). From and after the ClosingClosing Date, Buyer agrees that it shall shall: (a) cause EAPC to change its name, and will cease to use the name “Enogex Arkansas Pipeline Corporation” or any other name used by EAPC or any derivative or abbreviation thereof in any manner, or any name similar to any of the foregoing names, (b) cause EAPC and NOARK to cease using the Seller Marks in any manner, directly or indirectly, except for such limited uses as cannot be promptly terminated (e.g., signage, e-mail addresses, and as a referral or pointer to the any acquired website), and to cease such limited usage of the Seller Marks as promptly as possible after the Closing Date and in any event within 90 ninety (90) days following the Closing Date Date; and (cb) remove, strike over or otherwise obliterate all Seller Marks from all assets Assets and all other materials owned, possessed or used by the NOARK GroupSeller Entities or their Affiliates. The Parties agree, because damages would be an inadequate remedy, that a Party seeking to enforce this Section 7.6 the Seller Entities shall be entitled to seek specific performance and injunctive relief as remedies for any breach thereof of this Section 6.3 in addition to other remedies available at law or in equity. This covenant shall survive indefinitely indefinitely, including following the termination of the Transaction Documents, without limitation as to time.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Sandridge Energy Inc)

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Seller Marks. Buyer shall obtain no right, title, interest, license or any other right whatsoever to use the word words OGEEntergy”, “Xxxx,or EnogexEntergy-Xxxx”, “EK” or any trademarks containing or comprising the foregoing, or any trademark confusingly similar thereto or dilutive thereof (collectively, the "Seller Marks”). From and after the Closing, Buyer agrees that it shall (a) cause EAPC to change its name, and will cease to use the name “Enogex Arkansas Pipeline Corporation” or any other name used by EAPC or any derivative or abbreviation thereof in any manner, or any name similar to any of the foregoing names, (b) cause EAPC and NOARK each Company to cease using the Seller Marks in any manner, directly or indirectly, except for such limited uses as cannot be promptly terminated (e.g., signage, e-mail addresses, and as a referral or pointer to the acquired website), and to cease such limited usage of the Seller Marks as promptly as possible after the Closing and in any event within 90 days following the Closing Date and Date, (cb) remove, strike over or otherwise obliterate all Seller Marks from all assets and all other materials owned, possessed or used by either of the NOARK GroupCompanies and (c) use Reasonable Efforts to cause any third parties using or licensing Seller Marks on behalf of or with the consent of any Company, to remove, strike over or otherwise obliterate all Seller Marks from all materials owned, possessed or used by such third parties. The Parties agree, because damages would be an inadequate remedy, that a Party seeking to enforce this Section 7.6 6.11 shall be entitled to seek specific performance and injunctive relief as remedies for any breach thereof in addition to other remedies available at law or in equity. This covenant shall survive indefinitely without limitation as to time.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Boardwalk Pipelines LLC)

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