ADS License Agreement definition
Examples of ADS License Agreement in a sentence
To facilitate the change in the name of the Company and to cover any interim period between the Effective Date and the date on which both the ADS License Agreement and the Tigre License Agreement become effective, (a) ADS Parent hereby grants to the Company a license to use the trademark “ADS” in the Company’s name and names of Subsidiaries and (b) Tigre Parent hereby grants to the Company a license to use the trademark “Tigre” in the Company’s name and names of Subsidiaries.
The license described in Section 1.4(a) shall terminate upon the earlier of (i) effectiveness of the ADS License Agreement (which ADS License Agreement shall supersede in its entirety the license described in Section 1.4(a)) and (ii) the liquidation of the Company.
If they have not already done so, on or prior to the Initial Closing Date, (A) ADS Parent shall enter into the ADS License Agreement with the Company and (B) Tigre Parent shall enter into the Tigre License Agreement with the Company.