SpinCo Marks definition
Examples of SpinCo Marks in a sentence
Section 4.3 Parent and its Affiliates acknowledge and agree that SpinCo or one of its Affiliates owns all right, title, and interest in and to the SpinCo Marks.
In addition, RemainCo agrees to use its best efforts to change its name to eliminate ▇▇▇▇▇▇▇ & ▇▇▇▇▇▇ therefrom, and, if applicable, to cause the members of the RemainCo Group to change their names to eliminate “▇▇▇▇▇▇▇,” “▇▇▇▇▇▇,” “▇▇▇▇▇▇▇ and ▇▇▇▇▇▇,” “▇▇▇▇▇▇▇ & ▇▇▇▇▇▇” or “B&W” therefrom and to cease and discontinue the use of the term “▇▇▇▇▇▇▇ & ▇▇▇▇▇▇” or “B&W” and any of the SpinCo Marks in its business or operations as promptly as practicable following the Distribution Date.
The Parties confirm their belief that the likelihood of confusion will not result from their respective use of the SpinCo Marks and RemainCo Marks, including RemainCo’s continuing use of the name BWX Technologies and continued use of the terms “BWX”, “BWX Technologies” or “BWXT” and derivations thereof and therefrom, due to the differences in the goods and services primarily associated therewith (e.g., nuclear versus fossil fuel).
All permitted use of the SpinCo Marks and any goodwill established in connection therewith will inure to the exclusive benefit of SpinCo or a member of the SpinCo Group.
The SpinCo Marks and all of the goodwill associated therewith are and will remain the sole and exclusive property of SpinCo or a member of the SpinCo Group.