Common use of Transition Costs Clause in Contracts

Transition Costs. In the event of a transfer of a Member’s entire Company Interest in accordance with this Article XII, and the Company’s use of service marks and trade names licensed by the Withdrawing Member or an Affiliate to the Company ceases upon the Member’s withdrawal from the Company, the Withdrawing Member shall reimburse the Company for all direct costs reasonably incurred by the Company in connection with its discontinuance of use of the service marks and trade names, including, for example, costs incurred in connection with the changing of signs and Company stationary and revising existing advertisements.

Transition Costs. In the event of a transfer of a Member’s 's entire Company Interest in accordance with this Article XII, and the Company’s 's use of service marks and trade names licensed by the Withdrawing Member or an Affiliate to the Company ceases upon the Member’s 's withdrawal from the Company, the Withdrawing Member shall reimburse the Company for all direct costs reasonably incurred by the Company in connection with its discontinuance of use of the service marks and trade names, including, for example, costs incurred in connection with the changing of signs and Company stationary and revising existing advertisements.