Examples of Retained Marks in a sentence
As of the Closing, except as expressly set forth in this Section 5.21, the Group Companies shall have no right, title, interest, license or any other right whatsoever in the Retained Marks, and neither Buyer nor any of the Group Companies have, pursuant to the Transaction Documents, obtained any such right, title, interest, license or other right in the Retained Marks.
During such period, Buyer and the Group Companies shall have the right to continue to use such materials solely in the manner such materials and solely to the extent such Retained Marks were used in the operation of the Business prior to the Closing, and solely for purposes of transitioning the operation of the Business from the control of Seller to the control of Buyer.
The parties hereto acknowledge and agree that the Retained Marks, together with any goodwill associated therewith, are solely owned by the Retained Companies.
In connection with any use of the Retained Marks during such period, Buyer and the Group Companies agree to maintain the quality and goodwill of the Retained Marks.