Common use of No Vested Interest Clause in Contracts

No Vested Interest. Member acknowledges that in acquiring a membership, Member acquires only a non-exclusive license to use the Facilities in accordance with this Agreement and the Policies and in common with such other persons as Club Operator may authorize from time to time. Member acknowledges that he or she acquires no ownership or vested rights in or to the Facilities nor any right to participate in the management or control of the Facilities.

Appears in 2 contracts

Samples: Membership Agreement, Membership Agreement

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No Vested Interest. Member acknowledges that in acquiring a membership, Member acquires only a non-exclusive license to use all or a portion of the Facilities Club Facilities, in accordance with this Agreement and the Membership Policies and in common with such other persons persons, including, without limitation, the general public, as Club Operator may authorize from time to time. Member acknowledges that he or she Member acquires no ownership or vested rights in or to the Club Facilities nor or Club Operator, and does not have any right to participate in the management or control of Club Operator or the Club Facilities.

Appears in 1 contract

Samples: Membership Agreement

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No Vested Interest. Member acknowledges that in acquiring a membership, Member acquires only a non-exclusive license to use all or a portion of the Facilities Club Facilities, in accordance with this Agreement and the Membership Policies and in common with such other persons persons, including, without limitation, the general public, as Club Operator may authorize from time to time. Member acknowledges that he or she Member acquires no ownership or vested rights in or to the Club Facilities nor or Club, and does not have any right to participate in the management or control of Club or the Club Facilities.

Appears in 1 contract

Samples: Membership Agreement

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