Common use of Trade Names and Service Marks Clause in Contracts

Trade Names and Service Marks. Each Acquiring Entity agrees that it ----------------------------- will discontinue the use, directly or indirectly, in any manner or form, of the name "Intergraph" and the corresponding logo thereof; provided, however, that until the earlier of (i) the six-month anniversary of the Principal Closing Date and (ii) the date on which all inventory and supplies of the Business transferred at a Closing shall be depleted, the Acquiring Entities shall be permitted to use such name and logo only in connection with the distribution of such inventory and supplies; and provided further that at any time following the Principal Closing Date, the Acquiring Entities shall be able to identify that the Business was previously owned by the Selling Entities.

Appears in 1 contract

Sources: Asset Purchase Agreement (Unigraphics Solutions Inc)

Trade Names and Service Marks. Each Acquiring Entity agrees that it ----------------------------- will discontinue the use, directly or indirectly, in any manner or form, of the name "Intergraph" and the corresponding logo thereof; provided, however, that until the earlier of (i) the six-month anniversary of the Principal Closing Date and (ii) the date on which all inventory and supplies of the Business transferred at a Closing shall be depleted, the Acquiring Entities shall be permitted to use such name and logo only in connection with the distribution of such inventory and supplies; and provided further that at any time following the Principal Closing Date, the Acquiring Entities shall be able to identify that the Business was previously owned by the Selling Entities.

Appears in 1 contract

Sources: Asset Purchase Agreement (Intergraph Corp)