Deemed Assignment. For purposes of this Agreement, the following events shall be deemed to be an “assignment” (provided that a permitted assignment shall have not theretofore occurred pursuant to the provisions of Section 17.2): (a) Licensee ceases to be, directly or indirectly, wholly-owned by Parent; and (b) Licensee sells or otherwise disposes of or transfers all or substantially all of its assets to any Person.
Appears in 2 contracts
Sources: Trademark License Agreement, Trademark License Agreement (Realogy Corp)
Deemed Assignment. For purposes of this Agreement, the following events shall be deemed to be an “"assignment” " (provided that a permitted assignment shall have not theretofore occurred pursuant to the provisions of Section 17.2):
(a) Licensee ceases to be, directly or indirectly, wholly-owned by Parent; and
(b) Licensee sells or otherwise disposes of or transfers all or substantially all of its assets to any Person.
Appears in 1 contract
Sources: Trademark License Agreement (Sothebys Holdings Inc)