Common use of The Licenses Clause in Contracts

The Licenses. Subject to the terms and conditions of the License Agreement, Licensor hereby grants to: (i) each of the Holding Trusts (x) a limited, non-exclusive, non-transferable, fee-based license, throughout the Territory for the Term to use the Licensed Patents and Know-How solely in connection with each Licensee's activities as an issuer of the Holding Shares that employ the MACROs Structure, (y) a limited, non-exclusive, and non-transferable, fee-based license throughout the Territory for the Term to use the Marks solely as a part of the name of each Holding Trust and the MACRO Holding Shares issued by such Holding Trust, and (z) a limited, non-exclusive, and non-transferable, fee-based sub-license throughout the Territory for the Term to use the Xxxxxxxx Xxxx solely as part of the Product Name in connection with each Holding Trust's name and the names of the MACRO Holding Shares issued by such Holding Trust; and (ii) each of the Tradeable Trusts (x) a limited, non-exclusive, non-transferable, license throughout the Territory for the Term to use the Licensed Patents and Know-How solely in connection with each Licensee's activities as an issuer of the respective MACRO Tradeable Shares that employ the MACROs Structure, (y) a limited, non-exclusive, and non-transferable, royalty-free license throughout the Territory for the Term to use the Marks solely as a part of the name of each Tradeable Trust and the MACRO Tradeable Shares issued by such Tradeable Trust, and (z) a limited, non-exclusive, and non-transferable, fee-based sub-license throughout the Territory for the Term to use the Xxxxxxxx Xxxx solely as part of the Product Name in connection with each Tradeable Trust's name and the names of the MACRO Tradeable Shares issued by such Tradeable Trust (collectively with (i), the "Licenses").

The Licenses. Subject to the terms and conditions of the License Agreement, Licensor hereby grants to: (i) each of the Holding Trusts (x) a limited, non-exclusive, non-transferable, fee-based license, throughout the Territory for the Term to use the Licensed Patents and Know-How solely in connection with each Licensee's activities as an issuer of the Holding Shares that employ the MACROs Structure, (y) a limited, non-exclusive, and non-transferable, fee-based license throughout the Territory for the Term to use the Marks solely as a part of the name of each Holding Trust and the MACRO Holding Shares issued by such Holding Trust, and (z) a limited, non-exclusive, and non-transferable, fee-based sub-license throughout the Territory for the Term to use the Xxxxxxxx Xxxx Claymore Mark solely as part of the Product Name in connection Prodxxx Xxxx xx xonnection with each Holding Trust's name and the names of the MACRO Holding Shares issued by such Holding Trust; and (ii) each of the Tradeable Trusts (x) a limited, non-exclusive, non-transferable, license throughout the Territory for the Term to use the Licensed Patents and Know-How solely in connection with each Licensee's activities as an issuer of the respective MACRO Tradeable Shares that employ the MACROs Structure, (y) a limited, non-exclusive, and non-transferable, royalty-free license throughout the Territory for the Term to use the Marks solely as a part of the name of each Tradeable Trust and the MACRO Tradeable Shares issued by such Tradeable Trust, and (z) a limited, non-exclusive, and non-transferable, fee-based sub-license throughout the Territory for the Term to use the Xxxxxxxx Xxxx Claymore Mark solely as part of the Product Name in connection Prodxxx Xxxx xx xonnection with each Tradeable Trust's name and the names of the MACRO Tradeable Shares issued by such Tradeable Trust (collectively with (i), the "Licenses").

The Licenses. Subject to the terms and conditions of the License Agreement, Licensor hereby grants to: (i) each of the Holding Trusts (x) a limited, non-exclusive, non-transferable, fee-based license, throughout the Territory for the Term to use the Licensed Patents and Know-How solely in connection with each Licensee's activities as an issuer of the Holding Shares that employ the MACROs Structure, (y) a limited, non-exclusive, and non-transferable, fee-based license throughout the Territory for the Term to use the Marks solely as a part of the name of each Holding Trust and the MACRO Holding Shares issued by such Holding Trust, and (z) a limited, non-exclusive, and non-transferable, fee-based sub-license throughout the Territory for the Term to use the Xxxxxxxx Xxxx Claymore Mark solely as part of the Product Name in connection with xxxxxxxxxx xith each Holding Trust's name and the names of the MACRO Holding Shares issued by such Holding Trust; and (ii) each of the Tradeable Trusts (x) a limited, non-exclusive, non-transferable, license throughout the Territory for the Term to use the Licensed Patents and Know-How solely in connection with each Licensee's activities as an issuer of the respective MACRO Tradeable Shares that employ the MACROs Structure, (y) a limited, non-exclusive, and non-transferable, royalty-free license throughout the Territory for the Term to use the Marks solely as a part of the name of each Tradeable Trust and the MACRO Tradeable Shares issued by such Tradeable Trust, and (z) a limited, non-exclusive, and non-transferable, fee-based sub-license throughout the Territory for the Term to use the Xxxxxxxx Xxxx Claymore Mark solely as part of the Product Name in connection with xxxxxxxxxx xxxx each Tradeable Trust's name and the names of the MACRO Tradeable Shares issued by such Tradeable Trust (collectively with (i), the "Licenses").