TEN. If TEN is acquired by (whether by sale of assets, sale of stock, or otherwise) or merged with or into a Competitor of TFMC, TFMC may require TEN, upon written notice, to cease all use of any Technip-Formative Marks within twelve (12) months after the date of completion of such transaction, and TEN shall not thereafter use or adopt any Technip-Formative Marks. TFMC may also require in such notice that TEN shall either (i) expressly abandon any pending applications for the registration of any Technip-Formative Marks, (ii) surrender for cancellation any registrations of any Technip-Formative Marks, or (iii) at TFMC’s option, assign any Technip-Formative Marks and the applicable applications or registrations to TFMC. Subject to the survival of the foregoing covenant, this Agreement will terminate with immediate effect. Upon any such termination, the following provisions will survive: Sections 1.1(a), 1.2,(a), and 5.2(b), and Articles IV, VI, and VII. For purposes of the surviving provisions, any such Technip-Formative Marks assigned to TFMC shall be deemed to be TFMC Marks.
Appears in 4 contracts
Samples: Coexistence and Trademark Matters Agreement (Technip Energies N.V.), Coexistence and Trademark Matters Agreement (TechnipFMC PLC), Coexistence and Trademark Matters Agreement (Technip Energies B.V.)
