Common use of Use of Retained Names and Marks Clause in Contracts

Use of Retained Names and Marks. Mural hereby acknowledges that Alkermes or its Affiliates or its or their licensors own all right, title and interest in and to the Trademarks and all other identifiers of source or goodwill containing, incorporating or associated with Trademarks, excluding, on and after the Distribution Date, the Mural Trademarks (collectively, the “Retained Names and Marks”), and that any and all right of Mural to use the Retained Names and Marks shall terminate as of the Distribution Date and shall immediately revert to Alkermes or its Affiliates, along with any and all goodwill associated therewith. Xxxxx further acknowledges that it has no rights in any of the Retained Names and Marks, and that it is not acquiring any rights, directly or indirectly, to use the Retained Names and Marks, except as expressly provided herein. Alkermes hereby acknowledges that, on and after the Distribution Date, Mural or its Affiliates or its or their licensors own all right, title and interest in and to the Mural Trademarks, and that any and all right of Alkermes to use the Mural Trademarks shall terminate as of the Distribution Date. Alkermes further acknowledges that, on and after the Distribution Date, it will have no rights in any of the Mural Trademarks.

Use of Retained Names and Marks. Mural Baudax hereby acknowledges that Alkermes Recro or its Affiliates or its or their licensors own all right, title and interest in and to the Trademarks and all other identifiers of source or goodwill containing, incorporating or associated with Trademarks, excluding, on and after the Distribution Date, the Mural Baudax Trademarks (collectively, the “Retained Names and Marks”), and that any and all right of Mural Baudax to use the Retained Names and Marks shall terminate as of the Distribution Date and shall immediately revert to Alkermes Recro or its Affiliates, along with any and all goodwill associated therewith. Xxxxx Baudax further acknowledges that it has no rights in any of the Retained Names and Marks, and that it is not acquiring any rights, directly or indirectly, to use the Retained Names and Marks, except as expressly provided herein. Alkermes Recro hereby acknowledges that, on and after the Distribution Date, Mural Baudax or its Affiliates or its or their licensors own all right, title and interest in and to the Mural Baudax Trademarks, and that any and all right of Alkermes Recro to use the Mural Baudax Trademarks shall terminate as of the Distribution Date. Alkermes Recro further acknowledges that, on and after the Distribution Date, it will have no rights in any of the Mural Baudax Trademarks.