Common use of Local Marks Clause in Contracts

Local Marks. Master Licensee may develop or acquire one or more ----------- Local Marks, to be used in connection with the franchising and operation of Units in the Territory. Prior to the development or acquisition of a proposed Local ▇▇▇▇, Master Licensee shall submit to Company a written proposal containing complete information regarding the Local ▇▇▇▇. If Company does not reject such Local ▇▇▇▇ within ninety (90) days of receipt of Master Licensee's written proposal, it shall be deemed approved. Master Licensee grants to Company, the Marks Owner and other Travelodge System licensees and franchisees a perpetual, non-exclusive, world-wide and royalty-free license to use all approved Local Marks in connection with the operation of the Travelodge System.

Local Marks. Master Licensee may develop or acquire one or more ----------- Local Marks, to be used in connection with the franchising and operation of Units in the Territory. Prior to the development or acquisition of a proposed Local ▇▇▇▇, Master Licensee shall submit to Company a written proposal containing complete information regarding the Local ▇▇▇▇. If Company does not reject such Local ▇▇▇▇ within ninety (90) days of receipt of Master Licensee's written proposal, it shall be deemed approved. Master Licensee grants to Company, the Marks Owner and other Travelodge System licensees and franchisees a perpetual, non-exclusive, world-wide and royalty-free license to use all approved Local Marks in connection with the operation of the Travelodge System.

Local Marks. Master Licensee may develop or acquire one or more Local ----------- Local Marks, to be used in connection with the franchising and operation of Units in the Territory. Prior to the development or acquisition of a proposed Local ▇▇▇▇, Master Licensee shall submit to Company a written proposal containing complete information regarding the Local ▇▇▇▇. If Company does not reject such Local ▇▇▇▇ within ninety (90) days of receipt of Master Licensee's written proposal, it shall be deemed approved. Master Licensee grants to Company, the Marks Owner and other Travelodge System licensees and franchisees a perpetual, non-exclusive, world-wide and royalty-free license to use all approved Local Marks in connection with the operation of the Travelodge System.