Competitive Projects. Manager may, individually or with others, provide management services in regard to and possess an interest in any other projects and ventures of every nature and description, including, but not limited to, the ownership, financing, leasing, operation, management, brokerage, development and sale of real property and apartment projects other than the Project, whether or not such other ventures or projects are competitive with the Project, and Owner shall not have any right to the income or profits derived therefrom.
Competitive Projects. Manager may, individually or with others, engage in or possess an interest in any other projects and ventures of every nature and description, including, but not limited to, the ownership, financing, leasing, operation, management, brokerage, development and sale of real property and building projects other than the Property, whether or not such other ventures or projects are competitive with the Property.
Competitive Projects. Manager agrees that in its management of ventures or projects which are competitive with the Project, Manager will exercise good faith towards and deal fairly with Owner and the Project. Manager agrees to notify Owner of any competitive projects.
Competitive Projects. Until such time as all of the Obligations -------------------- under and arising out of the Construction Loan Documents, together with the Working Capital Loan and the Incentive Fee, excluding the Receivables Loan, have been paid and satisfied in full, and Lender has no further obligation to make any advances of the Construction Loan or Working Capital Loan, Borrower shall not, without the prior written consent of Lender, develop or permit any of its Affiliates to develop a time-share resort in or around the Lake Tahoe resort area.
Competitive Projects. Owner and Manager, in each case, individually or with others, may engage in, own, manage or possess any interest in any other properties, projects and ventures of every nature and description, including, but not limited to, the ownership, financing, leasing, operation, management, brokerage, development and sale of real property and apartment projects other than the Properties and the Services to be provided hereunder, whether or not such other ventures or projects compete with the Properties or the Services to be provided hereunder so long as any such engagement or possession shall not adversely affect the Properties, the performance of the Services hereunder or Owner, and neither Manager nor Owner shall have any right to the income or profits derived from such other party’s projects.
Competitive Projects. The University acknowledges, agrees and understands that the Manager and/or its affiliates may, individually or with others, engage in or possess an interest in any other projects and ventures of every nature and description, including, but not limited to, the ownership, financing, licensing, operation, management, brokerage, development and sale of real property and building projects other than the Project, whether or not such other ventures or projects are competitive with the Project.
Competitive Projects. This Plan distinguishes between pre-competitive research projects and competitive research projects. Pre-competitive research projects should be directed to projects in which the results are likely to be beneficial to advancing the general state of the art and not specific to a particular Member’s proprietary process or products. Competitive research projects should be directed to projects in which the results are likely to be more applied in nature and specific to a particular Member’s proprietary process or products. At the time a research project is submitted to Institute for funding, the applicant must identify the research project as pre-competitive or competitive. When reviewing research projects for funding, the Institute will consider whether projects are pre-competitive or competitive as one factor for selection. For Member Initiated Projects, a preference will be given for pre-competitive projects. Enhancement Projects Members may provide additional funding for projects that have been approved for funding from membership fees to create an Enhancement Project. Intellectual Property arising from an Enhancement Project is Institute Intellectual Property and the additional funding does not affect ownership or licensing rights in the Institute Intellectual Property. The benefits of providing additional funding may include reduced Facilities & Administration (F&A). It is also possible for a Member or Members to fund projects that are not “Institute Research” pursuant to a sponsored research agreement with NC State. This is not an Enhancement Project. The terms of the sponsored research agreement will be set forth in the agreement and, unless otherwise agreed by the parties, neither the Institute nor any non-party Member will have any rights in the results of the research. The results of this research will be available to Institute Members on terms set forth in the sponsored research agreement. Such research will carry F&A rates and other terms, including intellectual property and licensing rights, customary for sponsored research agreements at NC State.
