Common use of Service Xxxx Rights Clause in Contracts

Service Xxxx Rights. 7.1.1 In consideration of the Management Fee, Manager and CLC shall procure for the benefit of, and hereby grant to, Owner and the Managed Facilities the non-exclusive right and license to use and otherwise exploit the Service Xxxx Rights in connection with the Operation, promotion and marketing of the Managed Facilities throughout the Term of this Agreement and during the Transition Period. As between Owner and CLC or any CLC assignee that owns any Service Xxxx Right, with respect to such right and license, CLC and/or such assignee shall, during the Term, have the sole and exclusive right to determine the form of presentation of the Service Xxxx Rights in the Operation of the Managed Facilities, including in all uses of the Service Xxxx Rights in marketing, sales, advertising and promotional materials of the Managed Facilities, any goods or services relating to the Managed Facilities and any signage for the Managed Facilities. Subject to the Annual Budget, Manager agrees to procure merchandise bearing the Brand or the Service Xxxx Rights on behalf of the Owner for sale or promotion at the Managed Facilities at customary whole-sale prices for such merchandise.

Appears in 2 contracts

Samples: Management Agreement (Caesars Acquisition Co), Management Agreement (Caesars Acquisition Co)

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Service Xxxx Rights. 7.1.1 In consideration of the Management Fee, Manager and CLC shall procure for the benefit of, and hereby grant to, Owner and the Managed Facilities the non-exclusive right and license to use and otherwise exploit the Service Xxxx Rights in connection with the Operation, promotion and marketing of the Managed Facilities throughout the Term of this Agreement and during the Transition Period. As between Owner and CLC or any CLC assignee that owns any Service Xxxx Right, with respect to such right and license, CLC and/or such assignee shall, during the Term, have the sole and exclusive right to determine the form of presentation of the Service Xxxx Rights in the Operation of the Managed Facilities, including in all uses of the Service Xxxx Rights in marketing, sales, advertising and promotional materials of the Managed Facilities, any goods or services relating to the Managed Facilities and any signage for the Managed Facilities. Subject to the Annual Budget, Manager agrees to procure merchandise bearing the Brand or the other Service Xxxx Rights on behalf of the Owner for sale or promotion at the Managed Facilities at customary whole-sale prices for such merchandise.

Appears in 2 contracts

Samples: Management Agreement (Caesars Acquisition Co), Management Agreement (Caesars Acquisition Co)

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