LICENSE AGREEMENT RELATING TO USE OF NAME
Exhibit 8(i)
LICENSE AGREEMENT RELATING TO USE OF NAME
AGREEMENT made as of the day of , 2005, by and between XXXXXXX XXXXX & CO., INC., a Delaware corporation (“ML & Co.”), and XXXXXXX XXXXX GLOBAL EQUITY OPPORTUNITIES FUND, a Delaware Trust (the “Fund”).
W I T N E S S E T H :
WHEREAS, ML & Co. was incorporated under the laws of the State of Delaware on March 27, 1973 under the corporate name “Xxxxxxx Xxxxx & Co., Inc.” and has used such name at all times thereafter;
WHEREAS, ML & Co. was duly qualified as a foreign corporation under the laws of the State of New York on April 25, 1973 and has remained so qualified at all times thereafter;
WHEREAS, the Fund was incorporated under the laws of the State of Delaware on April 22, 2005; and
WHEREAS, the Fund desires to qualify as a foreign corporation under the laws of the State of New York and has requested ML & Co. to give its consent to the use of the name “Xxxxxxx Xxxxx” in the Fund’s corporate name.
NOW, THEREFORE, in consideration of the premises and of the covenants hereinafter contained, ML & Co. and the Fund hereby agree as follows:
1. ML & Co. hereby grants the Fund a non-exclusive license to use the words “Xxxxxxx Xxxxx” in its corporate name.
2. ML & Co. hereby consents to the qualification of the Fund as a foreign corporation under the laws of the State of New York with the words “Xxxxxxx Xxxxx” in its corporate name and agrees to execute such formal consents as may be necessary in connection with such filing.
3. The non-exclusive license hereinabove referred to has been given and is given by ML & Co. on the condition that it may at any time, in its sole and absolute discretion, withdraw the non-exclusive license to the use of the words “Xxxxxxx Xxxxx” in the name of the Fund; and, as soon as practicable after receipt by the Fund of written notice of the withdrawal of such non-exclusive license, and in no event later than ninety days thereafter, the Fund will change its name so that such name will not thereafter include the words “Xxxxxxx Xxxxx” or any variation thereof.
4. ML & Co. reserves and shall have the right to grant to any other company, including without limitation, any other investment company, the right to use the words “Xxxxxxx Xxxxx” or variations thereof in its name and no consent or permission of the Fund shall be necessary; but, if required by an applicable law of any state, the Fund will forthwith grant all requisite consents.
5. The Fund will not grant to any other company the right to use a name similar to that of the Fund or ML & Co. without the written consent of ML & Co.
6. Regardless of whether the Fund should hereafter change its name and eliminate the words “Xxxxxxx Xxxxx” or any variation thereof from such name, the Fund hereby grants to ML & Co. the right to cause the incorporation of other corporations or the organization of voluntary associations which may have names similar to that of the Fund or to that to which the Fund may change its name and to own all or any portion of the shares of such other corporations or associations and to enter into contractual relationships with such other corporations or associations, subject to any requisite approval of a majority of the Fund’s shareholders and the Securities and Exchange Commission and subject to the payment of a reasonable amount to be determined at the time of use, and the Fund agrees to give and execute any such formal consents or agreements as may be necessary in connection therewith.
7. This Agreement may be amended at any time by a writing signed by the parties hereto.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first above written.
XXXXXXX XXXXX & CO., INC. | ||
By: |
| |
Name: | ||
Title: | ||
XXXXXXX XXXXX GLOBAL EQUITY OPPORTUNITIES FUND | ||
By: |
| |
Name: | ||
Title: |
2