Common use of Upon Licensee Ceasing Use of the Licensed Marks Clause in Contracts

Upon Licensee Ceasing Use of the Licensed Marks. Licensor may terminate this Agreement immediately upon written notice if Licensee ceases or publicly announces its intention to cease substantially all use of all Licensed Marks. Licensor may not exercise this right if Licensee has previously given a notice under Section 5.3.1 that specifies an effective date of termination later than the date of the actual or the announced intended cessation of use.

Upon Licensee Ceasing Use of the Licensed Marks. Licensor may terminate this Agreement immediately upon written notice if Licensee ceases substantially all use of all Licensed Marks or publicly announces its intention to cease substantially all use of all Licensed Marksdo so. Licensor may not exercise this right if Licensee has previously given a notice under Section 5.3.1 6.2 that specifies an effective date of termination later than the date of the actual or the announced intended cessation of use.