Common use of Use of Seller’s Trademarks and Logos Clause in Contracts

Use of Seller’s Trademarks and Logos. The parties agree that during the period from the Closing Date until ninety (90) days after the Closing Date (the "Sell-off Period"), Purchaser shall be entitled to continue to use the name "RCN" or any trade names, trademarks, identifying logos or service marks related thereto or employing the word "RCN" or any part or variation of any of the foregoing or any confusingly similar trade names, trademarks or logos (collectively, the "Seller's Trademarks and Logos") solely to the extent that such Seller's Trademarks and Logos are contained, as of the Closing Date, on any Inventory, packaging, business cards, schedules, stationery, displays, signs, promotional materials, manuals, forms, and other material used in the Business, without any obligation on the part of Purchaser to pay royalties or similar fees to Seller during the Sell-off Period. Purchaser agrees that: (i) immediately upon termination of the Sell-off Period, Purchaser shall cease and desist from all further use of the Seller's Trademarks and Logos and will adopt new trade names, trademarks, identifying logos and service marks related thereto which are not confusingly similar to the Seller's Trademarks and Logos; and (ii) except as set forth in this Section 5.9, neither Purchaser nor any of its Affiliates shall make any use of the Seller's Trademarks and Logos. Purchaser shall not use the Seller's Trademarks and Logos in any manner that might dilute, tarnish, disparage or reflect adversely on Seller or the Seller's Trademarks and Logos. Notwithstanding anything to the contrary contained herein, Purchaser shall not be required to remove or change any Seller Trademark or Logo on equipment located on Customers' premises.

Appears in 2 contracts

Samples: Asset Purchase Agreement (RCN Corp /De/), Asset Purchase Agreement (Susquehanna Media Co)

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Use of Seller’s Trademarks and Logos. The parties agree that during the period from the Closing Date until ninety (90) days after the Closing Date (the "Sell-off Period"), Purchaser shall be entitled to continue to use the name "RCN" “Immunex”, the National Drug Code numbers used by Seller on it packaging for all presentations of LEUKINE, or any trade names, trademarks, identifying logos or service marks related thereto or employing the word "RCN" “Immunex” or any part or variation of any of the foregoing or any confusingly similar trade names, trademarks or logos (collectively, the "Seller's ’s Trademarks and Logos") solely to the extent that such Seller's Trademarks and Logos are contained, as of the Closing Date, on any Inventory, packaging, business cards, schedules, stationery, displays, signs, promotional materials, manuals, forms, and other material used in the Business, without any obligation on the part of Purchaser to pay royalties or similar fees to Seller during the Sell-off Period. Purchaser agrees that: (i) immediately upon termination of the Sell-off Period, Purchaser shall cease and desist from all further use of the Seller's ’s Trademarks and Logos and will adopt new trade names, trademarks, identifying logos and service marks related thereto which are not confusingly similar to the Seller's ’s Trademarks and Logos; and (ii) except as set forth in this Section 5.9, neither Purchaser nor any of its Affiliates shall make any use of the Seller's ’s Trademarks and Logos. Purchaser shall not use the Seller's ’s Trademarks and Logos in any manner that might dilute, tarnish, disparage or reflect adversely on Seller or the Seller's ’s Trademarks and Logos. Notwithstanding anything Subject to the contrary contained hereinforegoing, from and after the Closing, Purchaser shall not be required entitled to remove or change any Seller Trademark or Logo on equipment located on Customers' premises.represent itself as the owner of the Business. SECTION 5.10

Appears in 1 contract

Samples: Purchase Agreement

Use of Seller’s Trademarks and Logos. The parties agree that during the period from the Closing Date until ninety (90) days after the Closing Date (the "Sell-off Period"), Purchaser shall be entitled to continue to use the name "RCN" “Immunex”, the National Drug Code numbers used by Seller on it packaging for all presentations of LEUKINE, or any trade names, trademarks, identifying logos or service marks related thereto or employing the word "RCN" “Immunex” or any part or variation of any of the foregoing or any confusingly similar trade names, trademarks or logos (collectively, the "Seller's ’s Trademarks and Logos") solely to the extent that such Seller's Trademarks and Logos are contained, as of the Closing Date, on any Inventory, packaging, business cards, schedules, stationery, displays, signs, promotional materials, manuals, forms, and other material used in the Business, without any obligation on the part of Purchaser to pay royalties or similar fees to Seller during the Sell-off Period. Purchaser agrees that: (i) immediately upon termination of the Sell-off Period, Purchaser shall cease and desist from all further use of the Seller's ’s Trademarks and Logos and will adopt new trade names, trademarks, identifying logos and service marks related thereto which are not confusingly similar to the Seller's ’s Trademarks and Logos; and (ii) except as set forth in this Section 5.9, neither Purchaser nor any of its Affiliates shall make any use of the Seller's ’s Trademarks and Logos. Purchaser shall not use the Seller's ’s Trademarks and Logos in any manner that might dilute, tarnish, disparage or reflect adversely on Seller or the Seller's ’s Trademarks and Logos. Notwithstanding anything Subject to the contrary contained hereinforegoing, from and after the Closing, Purchaser shall not be required entitled to remove or change any Seller Trademark or Logo on equipment located on Customers' premisesrepresent itself as the owner of the Business.

Appears in 1 contract

Samples: Asset Purchase Agreement (Amgen Inc)

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Use of Seller’s Trademarks and Logos. The parties agree that during the period from the Closing Date until ninety (90) days after the Closing Date (the "Sell-off Period"), Purchaser shall be entitled to continue to use the name "RCN" or any trade names, trademarks, identifying logos or service marks related thereto or employing the word "RCN" or any part or variation of any of the foregoing or any confusingly similar related trade names, trademarks or logos that are used by Seller or otherwise in the Business (collectively, the "Seller's Trademarks and Logos") solely to the extent that such Seller's Trademarks and Logos are contained, as of the Closing Date, on any Inventory, packaging, business cards, schedules, stationery, displays, signs, promotional materials, manuals, forms, and other material used in the Business, without any obligation on the part of Purchaser to pay royalties or similar fees to Seller during the Sell-off Period. Purchaser agrees that: (i) immediately upon termination of the Sell-off Period, Purchaser shall cease and desist from all further use of the Seller's Trademarks and Logos and will adopt new trade names, trademarks, identifying logos and service marks related thereto which are not confusingly similar to the Seller's Trademarks and Logos; and (ii) except as set forth in this Section 5.9, neither Purchaser nor any of its Affiliates shall make any use of the Seller's Trademarks and Logos. Purchaser shall not use the Seller's Trademarks and Logos in any manner that might dilute, tarnish, disparage or reflect adversely on Seller or the Seller's Trademarks and Logos. Notwithstanding anything to the contrary contained herein, Purchaser shall not be required to remove or change any Seller Trademark or Logo on equipment located on Customers' premises.

Appears in 1 contract

Samples: Asset Purchase Agreement (RCN Corp /De/)

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