Common use of POS Clause in Contracts

POS. (i) Within the period starting 6 months from the Closing Date and ending after the 24th month from the Closing Date, the Licensee shall terminate all the so called "Contrato de Revenda de GLP e Cessao de Uso de Marca e Padroes e Outras Avencas" entered into with each of the owners of POS; and (ii) within 2 (two) years from the Closing Date, the Licensee shall either terminate the relationship with all POS which currently operate under the Trade Marks but with which the Licensee has not entered into a written agreement as of this date (a list of such POS is attached hereto as Schedule 5) or enter into new arrangements with such POS under the New Controlling Shareholder or other trade mark.

Appears in 2 contracts

Sources: Shares Sale and Purchase Agreement (Ultrapar Holdings Inc), Shares Sale and Purchase Agreement (Ultrapar Holdings Inc)