Common use of Use of Seller Marks Clause in Contracts

Use of Seller Marks. Buyer acknowledges and agrees that it obtains no right, title, interest, license or any other right whatsoever to use the Seller Marks. Buyer shall, within sixty (60) days after the Closing Date, remove the Seller Marks from the Company Assets, including signage, and provide written verification thereof to Sellers promptly after completing such removal. Buyer agrees never to challenge Sellers’ (or their Affiliates’) ownership of the Seller Marks or any application for registration thereof or any registration thereof or any rights of Sellers or their Affiliates therein as a result, directly or indirectly, of its ownership of the Company Assets. Buyer will not do any business or offer any goods or services under the Seller Marks. Buyer will not send, or cause to be sent, any correspondence or other materials to any Person on any stationery that contains any Seller Marks or otherwise operate the Company Assets in any manner which would or might reasonably be expected to confuse any Person into believing that Buyer has any right, title, interest, or license to use the Seller Marks.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Sanchez Production Partners LP), Purchase and Sale Agreement

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Use of Seller Marks. Buyer acknowledges and agrees that it obtains no right, title, interest, license license, or any other right whatsoever to use the Seller Marks. Buyer shall, within sixty ninety (6090) days after the Closing Date, remove the Seller Marks from the Company Assets, including signage, and provide written verification thereof to Sellers Seller promptly after completing such removal. Buyer agrees never to challenge Sellers’ Seller’s (or their its Affiliates’) ownership of the Seller Marks or any application for registration thereof or any registration thereof or any rights of Sellers Seller or their its Affiliates therein as a result, directly or indirectly, of its ownership of the Company AssetsCompanies. Buyer will not do any business or offer any goods or services under the Seller Marks. Buyer will not send, or cause to be sent, any correspondence or other materials to any Person on any stationery that contains any Seller Marks or otherwise operate the Company Assets Companies in any manner which would or might reasonably be expected to confuse any Person into believing that Buyer has any right, title, interest, or license to use the Seller Marks.

Appears in 2 contracts

Samples: Membership Interest Purchase and Sale Agreement, Membership Interest Purchase and Sale Agreement (Constellation Energy Partners LLC)

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Use of Seller Marks. Buyer acknowledges and agrees that it obtains no right, title, interest, license or any other right whatsoever to use the Seller Marks. Buyer shall, within sixty (60) days after the Closing Date, remove or cover the Seller Marks from the Company Assets, including signage, and provide written verification thereof to Sellers Seller promptly after completing such removal. Buyer agrees never to challenge Sellers’ Seller’s (or their its Affiliates’) ownership of the Seller Marks or any application for registration thereof or any registration thereof or any rights of Sellers Seller or their its Affiliates therein as a result, directly or indirectly, of its ownership of the Company AssetsCompany. Buyer will not do any business or offer any goods or services under the Seller Marks. Buyer will not send, or cause to be sent, any correspondence or other materials to any Person on any stationery that contains any Seller Marks or otherwise operate the Company Assets in any manner which would or might reasonably be expected to confuse any Person into believing that Buyer has any right, title, interest, or license to use the Seller Marks.

Appears in 1 contract

Samples: Membership Interest Purchase and Sale Agreement (Sanchez Midstream Partners LP)

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