Common use of THE XXXXX NAME Clause in Contracts

THE XXXXX NAME. The Advisor, Xxxxx and their Affiliates have a proprietary interest in the name “Xxxxx”. The Advisor hereby grants to the Company a non-transferable, non-assignable, non-exclusive royalty-free right and license to use the name “Xxxxx” during the term of this Agreement. Accordingly, and in recognition of this right, if at any time the Company ceases to retain Xxxxx or an Affiliate thereof to perform the services of Advisor, the Company (including the General Partner) will, promptly after receipt of written request from Xxxxx, cease to conduct business under or use the name “Xxxxx” or any derivative thereof and the Company and the General Partner shall change the name of the Company and the General Partner to a name that does not contain the name “Xxxxx” or any other word or words that might, in the reasonable discretion of the Advisor, be susceptible of indication of some form of relationship between the Company and the Advisor or any Affiliate thereof. At such time, the Company will also make any changes to any trademarks, servicemarks or other marks necessary to remove any references to the word “Xxxxx”. Consistent with the foregoing, it is specifically recognized that the Advisor or one or more of its Affiliates has in the past and may in the future organize, sponsor or otherwise permit to exist other investment vehicles (including vehicles for investment in real estate) and financial and service organizations having “Xxxxx” as a part of their name, all without the need for any consent (and without the right to object thereto) by the Company or the General Partner.

THE XXXXX NAME. The Advisor, Xxxxx and their Affiliates have a proprietary interest in the name “Xxxxx”. The Advisor hereby grants to the Company a non-transferable, non-assignable, non-exclusive royalty-free right and license to use the name “Xxxxx” during the term of this Agreement. Accordingly, and in recognition of this right, if at any time the Company ceases to retain Xxxxx or an Affiliate thereof to perform the services of the Advisor, the Company (including the General Partner) will, promptly after receipt of written request from Xxxxx, cease to conduct business under or use the name “Xxxxx” or any derivative thereof and the Company and the General Partner shall change the name of the Company and the General Partner to a name that does not contain the name “Xxxxx” or any other word or words that might, in the reasonable discretion of the Advisor, be susceptible of indication of some form of relationship between the Company and the Advisor or any Affiliate thereof. At such time, the Company will also make any changes to any trademarks, servicemarks or other marks necessary to remove any references to the word “Xxxxx”. Consistent with the foregoing, it is specifically recognized that the Advisor or one or more of its Affiliates has in the past and may in the future organize, sponsor or otherwise permit to exist other investment vehicles (including vehicles for investment in real estate) and financial and service organizations having “Xxxxx” as a part of their name, all without the need for any consent (and without the right to object thereto) by the Company or the General Partner.

THE XXXXX NAME. The Advisor, Xxxxx and their Affiliates have a proprietary interest in the name “"Xxxxx”". The Advisor hereby grants to the Company a non-transferable, non-assignable, non-exclusive royalty-free right and license to use the name “"Xxxxx” " during the term of this Agreement. Accordingly, and in recognition of this right, if at any time the Company ceases to retain Xxxxx or an Affiliate thereof to perform the services of Advisor, the Company (including the General Partner) will, promptly after receipt of written request from Xxxxx, cease to conduct business under or use the name “"Xxxxx” " or any derivative thereof and the Company and the General Partner shall change the name of the Company and the General Partner to a name that does not contain the name “"Xxxxx” " or any other word or words that might, in the reasonable discretion of the Advisor, be susceptible of indication of some form of relationship between the Company and the Advisor or any Affiliate thereof. At such time, the Company will also make any changes to any trademarks, servicemarks or other marks necessary to remove any references to the word “"Xxxxx”". Consistent with the foregoing, it is specifically recognized that the Advisor or one or more of its Affiliates has in the past and may in the future organize, sponsor or otherwise permit to exist other investment vehicles (including vehicles for investment in real estate) and financial and service organizations having “"Xxxxx” " as a part of their name, all without the need for any consent (and without the right to object thereto) by the Company or the General Partner.

THE XXXXX NAME. The Advisor, Xxxxx and their Affiliates have a proprietary interest in the name “Xxxxx”. The Advisor hereby grants to the Company a non-transferable, non-assignable, non-exclusive royalty-free right and license to use the name “Xxxxx” during the term of this Agreement. Accordingly, and in recognition of this right, if at any time the Company ceases to retain Xxxxx or an Affiliate thereof to perform the services of Advisor, the Company (including the General PartnerCompany) will, promptly after receipt of written request from Xxxxx, cease to conduct business under or use the name “Xxxxx” or any derivative thereof and the Company and the General Partner Operating Partnership shall change the name of the Company and the General Partner Operating Partnership to a name that does not contain the name “Xxxxx” or any other word or words that might, in the reasonable discretion of the Advisor, be susceptible of indication of some form of relationship between the Company and the Advisor or any Affiliate thereof. At such time, the Company will also make any changes to any trademarks, servicemarks or other marks necessary to remove any references to the word “Xxxxx”. Consistent with the foregoing, it is specifically recognized that the Advisor or one or more of its Affiliates has in the past and may in the future organize, sponsor or otherwise permit to exist other investment vehicles (including vehicles for investment in real estate) and financial and service organizations having “Xxxxx” as a part of their name, all without the need for any consent (and without the right to object thereto) by the Company or the General PartnerOperating Partnership.