Intercompany Trademark Agreement Sample Clauses

Intercompany Trademark Agreement. Within 30 days of the Closing Date (or such longer period as the Agent may agree at the written direction of the Required Lenders), the applicable Borrowers shall execute an intercompany trademark license agreement acknowledging the ownership and control by Colt’s Manufacturing Company LLC and Colt Canada Corporation in the trademarks registered in their respective names, and associated goodwill, and confirming the grant of rights to Colt Defense LLC and each of its Subsidiaries to use such trademarks in the conduct of its business as conducted in the past, as currently conducted, and as contemplated to be conducted, in form and substance reasonably acceptable to the Agent (at the written direction of the Required Lenders).

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