Common use of Seller's Name Clause in Contracts

Seller's Name. Seller shall assign all rights to the name "Gene Xxxxxx Xxxd" to Purchaser. Purchaser may not assign this Agreement or any right hereunder to any unrelated third party. Seller values its name and reputation in the community, has investigated Group 1 and its management and believes that Group 1 and Purchaser will preserve and carry forward the name and reputation that Seller, and its primary owner, Gene Xxxxxx, xxose name is used in the business, has established in its community for many years. Purchaser and Group 1 agree that it will not assign this Agreement or any rights hereunder to any unrelated third party, and in the event that substantially all of the assets of the Dealership or the equity ownership of the Dealership are acquired by any party other than Group 1 or an entity controlled by Group 1, the name "Messxx" xxall immediately cease to be used in the promotion and name of the dealership so acquired by the third party. In the event there is an adverse change in the operations to the extent that the integrity of the name Gene Xxxxxx xx impacted, Seller shall have the opportunity to request the Board of Directors of Group 1 ("Board"), that the name "Messxx" xx removed from the dealership within a reasonable period of time. After due consideration of the facts and circumstances of this request, the decision of the Board will be final.

Seller's Name. Seller shall assign all rights to the name "Gene Xxxxxx XxxdXxxsubishi, Volkswagen, and Kia" to Purchaser. Purchaser may not assign this Agreement or any right hereunder to any unrelated third party. Seller values its name and reputation in the community, has investigated Group 1 and its management and believes that Group 1 and Purchaser will preserve and carry forward the name and reputation that Seller, and its primary owner, Gene Xxxxxx, xxose name is used in the business, has established in its community for many years. Purchaser and Group 1 agree that it will not assign this Agreement or any rights hereunder to any unrelated third party, and in the event that substantially all of the assets of the Dealership or the equity ownership of the Dealership are acquired by any party other than Group 1 or an entity controlled by Group 1, the name "Messxx" xxall immediately cease to be used in the promotion and name of the dealership so acquired by the third party. In the event there is an adverse change in the operations to the extent that the integrity of the name Gene Xxxxxx xx impacted, Seller shall have the opportunity to request the Board of Directors of Group 1 ("Board"), that the name "Messxx" xx removed from the dealership within a reasonable period of time. After due consideration of the facts and circumstances of this request, the decision of the Board will be final.

Seller's Name. Seller shall assign all rights to the name "Gene Xxxxxx XxxdXxxota" to Purchaser. Purchaser may not assign this Agreement or any right hereunder to any unrelated third party. Seller values its name and reputation in the community, has investigated Group 1 and its management and believes that Group 1 and Purchaser will preserve and carry forward the name and reputation that Seller, and its primary owner, Gene Xxxxxx, xxose name is used in the business, has established in its community for many years. Purchaser and Group 1 agree that it will not assign this Agreement or any rights hereunder to any unrelated third party, and in the event that substantially all of the assets of the Dealership or the equity ownership of the Dealership are acquired by any party other than Group 1 or an entity controlled by Group 1, the name "Messxx" xxall immediately cease to be used in the promotion and name of the dealership so acquired by the third party. In the event there is an adverse change in the operations to the extent that the integrity of the name Gene Xxxxxx xx impacted, Seller shall have the opportunity to request the Board of Directors of Group 1 ("Board"), that the name "Messxx" xx removed from the dealership within a reasonable period of time. After due consideration of the facts and circumstances of this request, the decision of the Board will be final.

Seller's Name. Seller shall assign all rights to the name "Gene Xxxxxx XxxdRockwall Ford" to Purchaser. Purchaser may not assign this Agreement or any right hereunder to any unrelated third party. Seller values its name and reputation in the community, has investigated Group 1 and its management and believes that Group 1 and Purchaser will preserve and carry forward the name and reputation that Seller, and its primary owner, Gene Xxxxxx, xxose name is used in the business, has established in its community for many years. Purchaser and Group 1 agree that it will not assign this Agreement or any rights hereunder to any unrelated third party, and in the event that substantially all of the assets of the Dealership or the equity ownership of the Dealership are acquired by any party other than Group 1 or an entity controlled by Group 1, the name "Messxx" xxall immediately cease to be used in the promotion and name of the dealership so acquired by the third party. In the event there is an adverse change in the operations to the extent that the integrity of the name Gene Xxxxxx xx impacted, Seller shall have the opportunity to request the Board of Directors of Group 1 ("Board"), that the name "Messxx" xx removed from the dealership within a reasonable period of time. After due consideration of the facts and circumstances of this request, the decision of the Board will be final.

Seller's Name. Seller shall assign all rights to the name "Gene Xxxxxx XxxdXxxillac and Jeep" to Purchaser. Purchaser may not assign this Agreement or any right hereunder to any unrelated third party. Seller values its name and reputation in the community, has investigated Group 1 and its management and believes that Group 1 and Purchaser will preserve and carry forward the name and reputation that Seller, and its primary owner, Gene Xxxxxx, xxose name is used in the business, has established in its community for many years. Purchaser and Group 1 agree that it will not assign this Agreement or any rights hereunder to any unrelated third party, and in the event that substantially all of the assets of the Dealership or the equity ownership of the Dealership are acquired by any party other than Group 1 or an entity controlled by Group 1, the name "Messxx" xxall immediately cease to be used in the promotion and name of the dealership so acquired by the third party. In the event there is an adverse change in the operations to the extent that the integrity of the name Gene Xxxxxx xx impacted, Seller shall have the opportunity to request the Board of Directors of Group 1 ("Board"), that the name "Messxx" xx removed from the dealership within a reasonable period of time. After due consideration of the facts and circumstances of this request, the decision of the Board will be final.