Examples of Brand Licence Agreement in a sentence
Loss of the Group's rights to use the "Virgin" and "Virgin Money" names and brands under the Brand Licence Agreement could have a material adverse effect on the Group's business, financial condition, results of operations and/or prospects.
Pursuant to the KE Thailand Brand Licence Agreement, the Licensor and KE Thailand agreed to terminate the Prior KE Thailand Brand Licence Agreement as of the Effective Time and that all sub-licences granted shall be deemed terminated automatically and simultaneously.
Subject Matter By the Prior Company Brand Licence Agreement, the Company has been granted the right to use and to sub-license to its subsidiaries the right to use the Kerry Names and Kerry Trademarks.
Pursuant to the Company Brand Licence Agreement, the parties agreed that the Prior Company Brand Licence Agreement shall be terminated as of the Effective Time and that all sub-licences granted shall be deemed terminated automatically and simultaneously.
Subject Matter By the Prior KE Thailand Brand Licence Agreement, KE Thailand has been granted the right to use and to sub-license to its subsidiaries the right to use the Kerry Express Names and Kerry Express Trademarks.
Other general principal terms of each Brand Licence Agreement Term Subject to fulfilment of the conditions (details of which are set out below), the Company Brand Licence Agreement shall take effect at the Effective Time and shall unless terminated earlier, remain valid and continue to be in effect until the third anniversary of the Effective Time.
The Company and the Licensor may have the option to renew the Company Brand Licence Agreement for such period and on such terms as the parties may agree.
The Licensor shall have the right to terminate a Brand Licence Agreement with immediate effect by giving 21 days written notice to the licensee if in the sole opinion of the Licensor, the relevant licensee is in breach of any term of the Brand Licence Agreement which is capable of remedy but fails to rectify within 14 days of receiving request from the Licensor.
The principal terms of the Brand Licence Agreements are set out below: Date 25 March 2021 Principal terms of each Brand Licence Agreement 1.
On 25 March 2021 (after trading hours), in connection with the Partial Offer and the Option Offer, KE Thailand also entered into the KE Thailand Brand Licence Agreement with Kuok Registrations Limited.