Extent of License. The right granted in Paragraph 1 hereof shall be nonexclusive and shall not be transferable (except, after notice to LICENSOR, to successor entities in connection with internal reorganizations of LICENSEE and LICENSEE'S SUBSIDIARIES, provided that such successor entities remain direct or indirect wholly owned subsidiaries of Merger Partner (as defined in the Distribution Agreement)) without LICENSOR'S prior written consent, the LICENSOR shall have the right to use the SERVICE MARKS and to license its use to any other designee, subject to Section 8.08 of the Distribution Agreement. Except as stated herein, the license granted shall not be assignable or transferable in any manner whatsoever, nor shall the LICENSEE or LICENSEE'S SUBSIDIARIES have the right to grant any sublicenses, except by prior written consent of LICENSOR.
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Sources: Trademark License Agreement (Providian Bancorp Inc)
Extent of License. The right granted in Paragraph 1 hereof shall be nonexclusive and shall not be transferable (except, after notice to LICENSOR, to successor entities in connection with internal reorganizations of LICENSEE and LICENSEE'S SUBSIDIARIES, provided that such successor entities remain direct or indirect wholly owned subsidiaries of Merger Partner (as defined in the Distribution Agreement)) without LICENSOR'S prior written consent, the . The LICENSOR shall have the right to use the SERVICE MARKS and to license its use to any other designee, subject to Section 8.08 of the Distribution Agreement. Except as stated herein, the license granted shall not be assignable or transferable in any manner whatsoever, nor shall the LICENSEE or LICENSEE'S SUBSIDIARIES have the right to grant any sublicenses, except by prior written consent of LICENSOR.
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