Common use of Ownership and Quality Clause in Contracts

Ownership and Quality. (a) ETRN agrees that ownership of the Name and the Marks and the goodwill relating thereto shall remain vested in EQM, the owner of the ▇▇▇▇, and any successor thereto, both during the term of this License and thereafter, and ETRN further agrees, and agrees to cause the ETRN Entities and Partnership Entities never to challenge, contest or question the validity of EQM’s ownership of the Name and Marks or any registration thereto by EQM. In connection with the use of the Name and the Marks, each ETRN Entity and each Partnership Entity shall not in any manner represent that they have any ownership in the Name and the Marks or registration thereof except as set forth herein, and ETRN, on behalf of itself and the ETRN Entities and Partnership Entities, acknowledges that the use of the Name and the Marks shall not create any right, title or interest in or to the Name and the Marks, and all use of the Name and the Marks by an ETRN Entity or a Partnership Entity shall inure to the benefit of EQM. (b) ETRN agrees, and agrees to cause each ETRN Entity and Partnership Entity, to use the Name and Marks in accordance with such quality standards established by or for EQM and communicated to ETRN from time to time, it being understood that the products and services offered by the ETRN Entities and the Partnership Entities immediately before the Closing Date are of a quality that is acceptable to EQM and justifies the License. In the event any ETRN Entity or Partnership Entity is determined by EQM to be using the Marks in a manner not in accordance with quality standards established by EQM, EQM shall provide written notice of such unacceptable use including the reason why applicable quality standards are not being met. If acceptable proof that quality standards are met is not provided to EQM within thirty (30) days of such notice, the entity’s license to use the Marks shall terminate and shall not be renewed absent written authorization from EQM.

Appears in 3 contracts

Sources: Omnibus Agreement (EQGP Holdings, LP), Omnibus Agreement (Equitrans Midstream Corp), Omnibus Agreement (Equitrans Midstream Corp)

Ownership and Quality. (a) ETRN The Partnership agrees that ownership of the Name and the Marks and the goodwill relating thereto shall remain vested in EQMEQT IP Ventures, LLC (“IP Ventures”), the owner of the ▇▇▇▇, and any successor thereto, both during the term of this License and thereafter, and ETRN the Partnership further agrees, and agrees to cause the ETRN Entities and other members of the Partnership Entities Group, never to challenge, contest or question the validity of EQMIP Venture’s ownership of the Name and Marks or any registration thereto by EQMIP Ventures. In connection with the use of the Name and the Marks▇▇▇▇, each ETRN Entity the Partnership and each any other member of the Partnership Entity Group shall not in any manner represent that they have any ownership in the Name and the Marks or registration thereof except as set forth herein, and ETRNthe Partnership, on behalf of itself and the ETRN Entities and other members of the Partnership EntitiesGroup, acknowledges acknowledge that the use of the Name and the Marks shall not create any right, title or interest in or to the Name and the Marks▇▇▇▇, and all use of the Name and the Marks by an ETRN Entity the Partnership or a any other member of the Partnership Entity Group, shall inure to the benefit of EQMIP Ventures. (b) ETRN The Partnership agrees, and agrees to cause each ETRN Entity and the other members of the Partnership EntityGroup, to use the Name and Marks in accordance with such quality standards established by or for EQM EQT and communicated to ETRN the Partnership from time to time, it being understood that the products and services offered by the ETRN Entities and members of the Partnership Entities Group immediately before the Closing Date are of a quality that is acceptable to EQM EQT and justifies the License. In the event any ETRN Entity entity comprising a part of the Partnership Group or the Partnership Entity is determined by EQM EQT to be using the Marks in a manner not in accordance with quality standards established by EQMEQT, EQM EQT shall provide written notice of such unacceptable use including the reason why applicable quality standards are not being met. If acceptable proof that quality standards are met is not provided to EQM EQT within thirty (30) days of such notice, the entity’s license to use the Marks shall terminate and shall not be renewed absent written authorization from EQMEQT.

Appears in 3 contracts

Sources: Omnibus Agreement, Omnibus Agreement (EQT Midstream Partners, LP), Omnibus Agreement (EQT Midstream Partners, LP)

Ownership and Quality. (a) ETRN agrees that ownership of the Name and the Marks and the goodwill relating thereto shall remain vested in EQMthe Partnership, the owner of the ▇▇▇▇, and any successor thereto, both during the term of this License and thereafter, and ETRN further agrees, and agrees to cause the ETRN Entities and Partnership Entities never to challenge, contest or question the validity of EQMthe Partnership’s ownership of the Name and Marks or any registration thereto by EQMthe Partnership. In connection with the use of the Name and the Marks, each ETRN Entity and each Partnership Entity shall not in any manner represent that they have any ownership in the Name and the Marks or registration thereof except as set forth herein, and ETRN, on behalf of itself and the ETRN Entities and Partnership Entities, acknowledges that the use of the Name and the Marks shall not create any right, title or interest in or to the Name and the Marks, and all use of the Name and the Marks by an ETRN Entity or a Partnership Entity shall inure to the benefit of EQMthe Partnership. (b) ETRN agrees, and agrees to cause each ETRN Entity and Partnership Entity, to use the Name and Marks in accordance with such quality standards established by or for EQM the Partnership and communicated to ETRN from time to time, it being understood that the products and services offered by the ETRN Entities and the Partnership Entities immediately before the Closing Date are of a quality that is acceptable to EQM the Partnership and justifies the License. In the event any ETRN Entity or Partnership Entity is determined by EQM the Partnership to be using the Marks in a manner not in accordance with quality standards established by EQMthe Partnership, EQM the Partnership shall provide written notice of such unacceptable use including the reason why applicable quality standards are not being met. If acceptable proof that quality standards are met is not provided to EQM the Partnership within thirty (30) days of such notice, the entity’s license to use the Marks shall terminate and shall not be renewed absent written authorization from EQMthe Partnership.

Appears in 3 contracts

Sources: Omnibus Agreement (Equitrans Midstream Corp), Omnibus Agreement (EQM Midstream Partners, LP), Omnibus Agreement (Equitrans Midstream Corp)

Ownership and Quality. (a) ETRN The Partnership agrees that ownership of the Name and the Marks and the goodwill relating thereto shall remain vested in EQMEQT IP Ventures, LLC (“IP Ventures”), the owner of the ▇▇▇▇, and any successor thereto, both during the term of this License and thereafter, and ETRN the Partnership further agrees, and agrees to cause the ETRN Entities and other members of the Partnership Entities Group, never to challenge, contest or question the validity of EQM’s IP Ventures’ ownership of the Name and Marks or any registration thereto by EQMIP Ventures. In connection with the use of the Name and the Marks, each ETRN Entity the Partnership and each any other member of the Partnership Entity Group shall not in any manner represent that they have any ownership in the Name and the Marks or registration thereof except as set forth herein, and ETRNthe Partnership, on behalf of itself and the ETRN Entities and other members of the Partnership EntitiesGroup, acknowledges that the use of the Name and the Marks shall not create any right, title or interest in or to the Name and the Marks, and all use of the Name and the Marks by an ETRN Entity the Partnership or a any other member of the Partnership Entity Group, shall inure to the benefit of EQMIP Ventures. (b) ETRN The Partnership agrees, and agrees to cause each ETRN Entity and the other members of the Partnership EntityGroup, to use the Name and Marks in accordance with such quality standards established by or for EQM EQT and communicated to ETRN the Partnership from time to time, it being understood that the products and services offered by the ETRN Entities and members of the Partnership Entities Group immediately before the Closing Date are of a quality that is acceptable to EQM EQT and justifies the License. In the event any ETRN Entity entity comprising a part of the Partnership Group or the Partnership Entity is determined by EQM EQT to be using the Marks in a manner not in accordance with quality standards established by EQMEQT, EQM EQT shall provide written notice of such unacceptable use including the reason why applicable quality standards are not being met. If acceptable proof that quality standards are met is not provided to EQM EQT within thirty (30) days of such notice, the entity’s license to use the Marks shall terminate and shall not be renewed absent written authorization from EQMEQT.

Appears in 3 contracts

Sources: Omnibus Agreement, Omnibus Agreement (EQT GP Holdings, LP), Omnibus Agreement (EQT GP Holdings, LP)

Ownership and Quality. (a) ETRN agrees that ownership of the Name and the Marks and the goodwill relating thereto shall remain vested in EQMthe Partnership, the owner of the ▇▇▇▇, and any successor thereto, both during the term of this License and thereafter, and ETRN further agrees, and agrees to cause the ETRN Entities and Partnership Entities never to challenge, contest or question the validity of EQMthe Partnership’s ownership of the Name and Marks or any registration thereto by EQMthe Partnership. In connection with the use of the Name and the Marks, each ETRN Entity and each Partnership Entity (other than the Partnership) shall not in any manner represent that they have any ownership interest in the Name and the Marks or registration thereof except as set forth herein, and ETRN, on behalf of itself and the ETRN Entities and Partnership Entities, acknowledges that the use of the Name and the Marks shall not create any right, title or interest in or to the Name and the Marks, and all use of the Name and the Marks by an ETRN Entity or a Partnership Entity shall inure to the benefit of EQMthe Partnership. (b) ETRN agrees, and agrees to cause each ETRN Entity and Partnership Entity, to use the Name and Marks in accordance with such quality standards established by or for EQM the Partnership and communicated to ETRN from time to time, it being understood that the products and services offered by the ETRN Entities and the Partnership Entities immediately before the Closing Date are of a quality that is acceptable to EQM the Partnership and justifies the License. In the event any ETRN Entity or Partnership Entity is determined by EQM the Partnership to be using the Marks in a manner not in accordance with quality standards established by EQMthe Partnership, EQM the Partnership shall provide written notice of such unacceptable use including the reason why applicable quality standards are not being met. If acceptable proof that quality standards are met is not provided to EQM the Partnership within thirty (30) days of such notice, the entity’s license to use the Marks shall terminate and shall not be renewed absent written authorization from EQMthe Partnership.

Appears in 2 contracts

Sources: Omnibus Agreement (EQM Midstream Partners, LP), Omnibus Agreement (Equitrans Midstream Corp)

Ownership and Quality. (a) ETRN agrees The Partnership and the General Partner agree that ownership of the Name and the Marks and the goodwill relating thereto shall remain vested in EQM, the owner of the ▇▇▇▇, and any successor thereto, Holdings both during the term of this License and thereafter, and ETRN the Partnership and the General Partner further agreesagree, and agrees agree to cause the ETRN Entities and other Partnership Entities Entities, never to challenge, contest or question the validity of EQMHoldings’s ownership of the Name and the Marks or any registration thereto by EQMHoldings. In connection with the use of the Name and the Marks, each ETRN Entity the Partnership, the General Partner and each any other Partnership Entity shall not in any manner represent that they have any ownership in the Name and the Marks or registration thereof except as set forth herein, and ETRNthe Partnership and the General Partner, on behalf of itself and the ETRN Entities and other Partnership Entities, acknowledges acknowledge that the use of the Name and the Marks shall not create any right, title or interest in or to the Name and the Marks, and all use of the Name and the Marks by an ETRN Entity the Partnership, the General Partner or a any other Partnership Entity Entity, shall inure to the benefit of EQM. (b) ETRN agreesHoldings. The Partnership and the General Partner agree, and agrees agree to cause each ETRN Entity and the other Partnership EntityEntities, to use the Name and Marks in accordance with such quality standards established by or for EQM Holdings and communicated to ETRN the Partnership and the General Partner from time to time, it being understood that the products and services offered by the ETRN Entities and the Partnership Entities immediately before the Closing Date are of a quality that is acceptable to EQM Holdings and justifies the License. In the event any ETRN Entity or Partnership Entity is determined by EQM Holdings to be using the Name and the Marks in a manner not in accordance with quality standards established by EQMHoldings, EQM Holdings shall provide written notice of such unacceptable use including the reason why applicable quality standards are not being met. If acceptable proof that quality standards are met is not provided to EQM Holdings within thirty (30) days of such notice, the entity’s license to use the Name and the Marks shall terminate and shall not be renewed absent written authorization from EQMHoldings.

Appears in 2 contracts

Sources: Omnibus Agreement (Tallgrass Energy GP, LP), Omnibus Agreement (Tallgrass Energy GP, LP)