Common use of Restrictions on Licensee Clause in Contracts

Restrictions on Licensee. (a) Use of the trademarks and copyright material by MindLoft shall be subject to the written approval by CROWN CAPITAL prior to use, unless used in the same manner as is in existence at the time of the Closing between MindLoft and CROWN CAPITAL. (b) Labels or brochures used by MindLoft bearing the trademarks or copyright material shall conform to the requirements of the law of any jurisdiction in which the trademark or copyright material may be used. MindLoft shall not make any change in the trademark or copyright material without prior written approval by CROWN CAPITAL. (c) CROWN CAPITAL shall have the right, during reasonable business hours and upon five (5) days prior notice, to enter upon the premises in order to conduct reasonable inspections of the MindLoft businesses to ascertain that the terms of this Agreement and Licensor's standards and policies are being complied with. (d) MindLoft shall refrain from any act or acts which may prejudice the validity of the title of CROWN CAPITAL to any of the trademarks and copyright material. (e) MindLoft will at all times recognize the validity of the trademarks and copyrights and the ownership thereof by ▇▇▇▇▇▇▇/diamond/▇▇▇▇▇▇ and CROWN CAPITAL, and the exclusive right and jurisdiction of CROWN CAPITAL to control the use of the trademarks and copyright material and to take all appropriate measures for their protection, and will not at any time put in issue the validity of the trademarks and copyright material and will faithfully observe and execute all the requirements, procedures and directions of CROWN CAPITAL touching the use and the safeguarding of the trademarks and copyright material. MindLoft further undertakes that in the event of any infringement of the rights of CROWN CAPITAL to any of the trademarks and copyright material by persons or entities other than MindLoft, its agents or employees, coming to the notice of MindLoft during the term of this Agreement, MindLoft shall promptly notify CROWN CAPITAL in writing and shall jointly with CROWN CAPITAL, if required by CROWN CAPITAL and at the expense of CROWN CAPITAL, take such steps as CROWN CAPITAL may deem advisable against the infringement or otherwise for the protection of his rights. (f) Upon termination or cancellation of this Agreement, MindLoft will not use at any time for any purpose any trademark, trade name, symbol or other like product bearing any resemblance to the trademarks or copyright material.

Restrictions on Licensee. (a) Use of the trademarks and copyright material by MindLoft iCROWN shall be subject to the written approval by CROWN CAPITAL prior to use, unless used in the same manner as is in existence at the time of the Closing between MindLoft iCROWN and CROWN CAPITAL. (b) Labels or brochures used by MindLoft iCROWN bearing the trademarks or copyright material shall conform to the requirements of the law of any jurisdiction in which the trademark or copyright material may be used. MindLoft iCROWN shall not make any change in the trademark or copyright material without prior written approval by CROWN CAPITAL. (c) CROWN CAPITAL shall have the right, during reasonable business hours and upon five (5) days prior notice, to enter upon the premises in order to conduct reasonable inspections of the MindLoft iCROWN businesses to ascertain that the terms of this Agreement and Licensor's standards and policies are being complied with. (d) MindLoft iCROWN shall refrain from any act or acts which may prejudice the validity of the title of CROWN CAPITAL to any of the trademarks and copyright material. (e) MindLoft iCROWN will at all times recognize the validity of the trademarks and copyrights and the ownership thereof by ▇▇▇▇▇▇▇/diamond/▇▇▇▇▇▇ HACKNEYMILLER and CROWN CAPITAL, and the exclusive right and jurisdiction of CROWN CAPITAL to control the use of the trademarks and copyright material and to take all appropriate measures for their protection, and will not at any time put in issue the validity of the trademarks and copyright material and will faithfully observe and execute all the requirements, procedures and directions of CROWN CAPITAL touching the use and the safeguarding of the trademarks and copyright material. MindLoft iCROWN further undertakes that in the event of any infringement of the rights of CROWN CAPITAL to any of the trademarks and copyright material by persons or entities other than MindLoftiCROWN, its agents or employees, coming to the notice of MindLoft iCROWN during the term of this Agreement, MindLoft iCROWN shall promptly notify CROWN CAPITAL in writing and shall jointly with CROWN CAPITAL, if required by CROWN CAPITAL and at the expense of CROWN CAPITAL, take such steps as CROWN CAPITAL may deem advisable against the infringement or otherwise for the protection of his rights. (f) Upon termination or cancellation of this Agreement, MindLoft iCROWN will not use at any time for any purpose any trademark, trade name, symbol or other like product bearing any resemblance to the trademarks or copyright material.