CLOC COLLATERIZED LINE OF CREDIT Trademark
Trademark Overview
On Thursday, July 15, 2004, a trademark application was filed for CLOC COLLATERIZED LINE OF CREDIT with the United States Patent and Trademark Office. The USPTO has given the CLOC COLLATERIZED LINE OF CREDIT trademark a serial number of 78451133. The federal status of this trademark filing is ABANDONED - FAILURE TO RESPOND OR LATE RESPONSE as of Friday, September 30, 2005. This trademark is owned by Heritage Capital Credit Corp. The CLOC COLLATERIZED LINE OF CREDIT trademark is filed in the Insurance & Financial Services category with the following description:
BUSINESS CLOC - an alternative investment for fund managers and an equity building lending product for businesses; It can deliver equity growth, but it is not an equity instrument and it does not behave like stock; It just provides an equity-like return for an investor, builds equity for a business, and lowers the borrower's monthly cost; Plus, it lowers the risk by building liquidity for the investor and the borrower; The Business CLOC occupies a difference investment and lending space and it has no correlations with other investment and lending products; Business CLOC meets both of the key requirements for alternative investments rated "AA"-- attractive absolute returns and an investment hedge for other portfolio assets; The analysis will point to an internal rate of return ("IRR") on the order of [8;25%] for 10 years while the borrower only pays [6;50%]; and if the investor holds the investment to legal maturity the IRR would be on the order of [9;92%]; These returns have no correla...
General Information
| Serial Number | 78451133 |
| Word Mark | CLOC COLLATERIZED LINE OF CREDIT |
| Filing Date | Thursday, July 15, 2004 |
| Status | 602 - ABANDONED - FAILURE TO RESPOND OR LATE RESPONSE |
| Status Date | Friday, September 30, 2005 |
| Registration Number | 0000000 |
| Registration Date | NOT AVAILABLE |
| Mark Drawing | 3000 - Illustration: Drawing or design which also includes word(s) / letter(s) / number(s) |
| Published for Opposition Date | NOT AVAILABLE |
Trademark Statements
| Goods and Services | BUSINESS CLOC - an alternative investment for fund managers and an equity building lending product for businesses; It can deliver equity growth, but it is not an equity instrument and it does not behave like stock; It just provides an equity-like return for an investor, builds equity for a business, and lowers the borrower's monthly cost; Plus, it lowers the risk by building liquidity for the investor and the borrower; The Business CLOC occupies a difference investment and lending space and it has no correlations with other investment and lending products; Business CLOC meets both of the key requirements for alternative investments rated "AA"-- attractive absolute returns and an investment hedge for other portfolio assets; The analysis will point to an internal rate of return ("IRR") on the order of [8;25%] for 10 years while the borrower only pays [6;50%]; and if the investor holds the investment to legal maturity the IRR would be on the order of [9;92%]; These returns have no correlations with equity and fixed income holdings, but with other alternative asset classes, such as hedge funds and private equity funds; For example, a mortgage and a corporate bond would be priced lower if their current yield is [6;50%] and the interest rate increases to [9;92%]; Conversely, the Business CLOC IRR would increase to [12;00%] if the interest rate increases to [9;92%] and the borrower's payment would be constant at [6;50%], without increasing the credit risk of an "AA" rating; Insurance companies, pension funds and hedge funds with sophisticated investment capabilities may be the primary buyers of the Business CLOC, as an alternative investment; We will explain in the pages to follow that we believe there is a strong case for banks to invest the Business CLOC, as well; BUSINESS CLOC Business CLOC is a business collateralized line of credit, which is structured as loan and an investment that can bear the credit risk of a sub-prime borrower, who can be converted t |
| Pseudo Mark | CLOCK COLLATERIZED LINE OF CREDIT |
Classification Information
| International Class | 036 - Insurance; financial affairs; monetary affairs; real estate affairs. |
| US Class Codes | 100, 101, 102 |
| Class Status Code | 6 - Active |
| Class Status Date | Friday, July 23, 2004 |
| Primary Code | 036 |
| First Use Anywhere Date | NOT AVAILABLE |
| First Use In Commerce Date | NOT AVAILABLE |
Trademark Owner History
| Party Name | Heritage Capital Credit Corp |
| Party Type | 10 - Original Applicant |
| Legal Entity Type | 03 - Corporation |
| Address | Wilmington, DE 19801 |
Trademark Events
| Event Date | Event Description |
| Friday, September 30, 2005 | ABANDONMENT NOTICE MAILED - FAILURE TO RESPOND |
| Friday, September 30, 2005 | ABANDONMENT - FAILURE TO RESPOND OR LATE RESPONSE |
| Friday, March 4, 2005 | NON-FINAL ACTION E-MAILED |
| Friday, March 4, 2005 | NON-FINAL ACTION WRITTEN |
| Friday, February 18, 2005 | ASSIGNED TO EXAMINER |
| Friday, July 23, 2004 | NEW APPLICATION ENTERED IN TRAM |
