Examples of Xxxxxxx Marks in a sentence
Effective as of the Closing Date, each Seller and Founder grants to the Buyer and the Companies a non-exclusive, non-assignable (which may be sublicensed only to their respective vendors and other service providers solely in connection with the operation of the Business, and not for the independent use of such sublicensee) royalty-free license during the Transition Period to use the Xxxxxxx Marks in the operation of the Business.
For clarity, nothing shall restrict the Buyer or its Affiliates from using or referencing the Xxxxxxx Marks at any time after the Closing in (A) a non-trademark manner to describe or provide information regarding the history of the Business, (B) historical, legal or business documents or similar materials or (C) as required by applicable Law.
Except as set forth below, after the Closing, neither the Buyer nor any of its Affiliates (including the Companies) shall have any right to use the Xxxxxxx Marks (including as part of any internet domain names) in connection with Business in the Territory.
For a period of five (5) years following the Closing Date (the “Use Period”), the Buyer and its Affiliates (including the Companies) shall be fully permitted, with no restrictions, to use the Xxxxxxx Marks, including internet domain names that include the Xxxxxxx Marks, solely in connection with their operation of the Business.