Common use of Of Licensee Clause in Contracts

Of Licensee. For purposes of this Section 6(a), an assignment shall include a Change of Control, merger, reorganization (in bankruptcy or otherwise), assumption in bankruptcy or equity and asset sale, regardless of whether such transaction is considered an “assignment” under governing law.

Appears in 2 contracts

Sources: Transitional Trademark License Agreement, Transitional Trademark License Agreement (Tyco Flow Control International Ltd.)