Common use of Discontinue Use on Termination Clause in Contracts

Discontinue Use on Termination. (a) Upon expiry or termination of this Agreement pursuant to Section 6.1, the licensed rights granted herein shall immediately cease and be null and void, Licensees shall immediately discontinue any and all use, display or advertisement of any kind in any medium or manner of the MDS Marks, or any confusingly similar names or marks including any brochures, pamphlets, signs (including, appearing on, in or around any building or any vehicle), business cards, letterhead, internet sites or web pages and Licensee shall not adopt any other m▇▇▇, name, logo, acronym or any other identification of source that may be considered confusingly similar with the MDS Marks or suggest a relationship, association or affiliation with Licensor or the MDS Marks. (b) Upon termination of this Agreement pursuant to Section 6.2, the licensed rights granted herein to the Defaulting Licensee shall immediately cease and be null and void, the Defaulting Licensees shall immediately discontinue any and all use, display or advertisement of any kind in any medium or manner of the MDS Marks, or any confusingly similar names or marks including any brochures, pamphlets, signs (including, appearing on, in or around any building or any vehicle), business cards, letterhead, internet sites or web pages and the Defaulting Licensee shall not adopt any other m▇▇▇, name, logo, acronym or any other identification of source that may be considered confusingly similar with the MDS Marks or suggest a relationship, association or affiliation with Licensor or the MDS Marks.

Appears in 2 contracts

Sources: Asset Purchase Agreement (LPBP Inc), Asset Purchase Agreement (MDS Inc)