Common use of Limitations on Licensed Business; Compliance with Contracts Clause in Contracts

Limitations on Licensed Business; Compliance with Contracts. Licensee shall abide by all territorial and other contractual restrictions applicable to Licensor that relate to the Licensed Vacation Ownership Business and are in effect as of the Effective Date (or thereafter, subject to Licensee’s consent). Licensor will not agree to an extension of the duration, or a broadening of the scope, of any such restrictions without Licensee’s prior written consent (which shall be required only during the Noncompetition Term), except for extending or renewing such agreements in accordance with their terms. Licensee shall not enter into any agreement with any third party that purports to limit or restrict Licensor’s right to Operate Licensor Lodging Properties in any manner that is inconsistent with this Agreement.

Appears in 6 contracts

Samples: License Agreement (Hilton Grand Vacations Inc.), License Agreement (Hilton Worldwide Holdings Inc.), License Agreement (Hilton Grand Vacations Inc.)

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