Wind-Down and Transition for Use of Authority IP Sample Clauses

Wind-Down and Transition for Use of Authority IP. The Parties acknowledge that it is impractical for the Authority, the Team and its Affiliates, the Team owner, the NFL and its Affiliates, and other licensees and sublicensees of the Authority and the Team and its Affiliates, and the NFL and its Affiliates, and their respective licensees, to immediately cease all uses of the, respectively, Team IP and Authority IP granted under this Agreement. Therefore, subject to the terms and conditions of this Agreement, following such an expiration or termination (for any reason), the Team and the Authority will, and the Team and the Authority will cause all third Persons licensed, respectively, to, (i) promptly wind down all uses of, respectively, Authority IP and Team IP arising from this Agreement, (ii) minimize the Authority’s and Stadium’s association with the Team, (iii) make no new use of any licensed Authority IP or Team IP, as applicable, and (iv) fully cease all uses of such Authority IP or Team IP, as applicable, within ninety (90) days after the effective date of such expiration or termination of this Agreement; provided, however, that if any Team IP is physically built into any portion of the Stadium Site, such ninety (90) day period shall be extended until a new sponsor for the applicable portion of the Stadium Site is contracted to replace such Team IP. The foregoing does not remove any post- termination or expiration right of any Party or Person set forth in this Agreement.
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