Common use of Termination of License Clause in Contracts

Termination of License. The licenses granted under Sections 1.1, 1.2 and 1.3 shall immediately and automatically terminate and Outlet Stores shall cease using the Store Name, all other Marks and all Confidential Information of Sears immediately upon such termination or expiration, except as otherwise expressly authorized under this Section 9.3 or by Sears in writing. Outlet Stores shall take all necessary action to change the Store Names and its fictitious business name and/or registered trade name to omit the SEARS Service Xxxx and all other words that may be confusingly similar to the SEARS Service Xxxx or any other Xxxx. Outlet Stores shall return to Sears immediately upon such termination or expiration the Operating Standards document and all copies thereof together with all documentation prepared by or on behalf of Outlet Stores that is derived from or based on such documents or any other Confidential Information of Sears. Within sixty (60) days after the date of any termination or expiration of this Agreement, Outlet Stores shall furnish Sears with evidence reasonably satisfactory to Sears demonstrating Outlet Stores’ compliance with the foregoing obligations.

Termination of License. The licenses granted under Sections 1.1, 1.2 and 1.3 shall immediately and automatically terminate and Outlet Stores XXXX shall cease using the Store Name, all other Marks and all Confidential Information of Sears immediately upon such termination or expiration, except as otherwise expressly authorized under this Section 9.3 or by Sears in writing. Outlet Stores XXXX shall take all necessary action to change the Store Names and its fictitious business name and/or registered trade name to omit the SEARS Service Xxxx and all other words that may be confusingly similar to the SEARS Service Xxxx or any other Xxxx. Outlet Stores XXXX shall return to Sears immediately upon such termination or expiration the Operating Standards document and all copies thereof together with all documentation prepared by or on behalf of Outlet Stores XXXX that is derived from or based on such documents or any other Confidential Information of Sears. Within sixty (60) days after the date of any termination or expiration of this Agreement, Outlet Stores XXXX shall furnish Sears with evidence reasonably satisfactory to Sears demonstrating Outlet Stores’ XXXX’x compliance with the foregoing obligations.

Termination of License. The licenses granted under Sections 1.1, 1.2 and 1.3 shall immediately and automatically terminate and Outlet Stores SHAS shall cease using the Store Name, all other Marks and all Confidential Information of Sears immediately upon such termination or expiration, except as otherwise expressly authorized under this Section 9.3 or by Sears in writing. Outlet Stores SHAS shall take all necessary action to change the Store Names and its fictitious business name and/or registered trade name to omit the SEARS Service Xxxx and all other words that may be confusingly similar to the SEARS Service Xxxx or any other Xxxx. Outlet Stores SHAS shall return to Sears immediately upon such termination or expiration the Operating Standards document and all copies thereof together with all documentation prepared by or on behalf of Outlet Stores SHAS that is derived from or based on such documents or any other Confidential Information of Sears. Within sixty (60) days after the date of any termination or expiration of this Agreement, Outlet Stores SHAS shall furnish Sears with evidence reasonably satisfactory to Sears demonstrating Outlet Stores’ SHAS’s compliance with the foregoing obligations.