Common use of Project De-Identification and Post-Termination Obligations Clause in Contracts

Project De-Identification and Post-Termination Obligations. A. Upon termination of Licensee’s rights to operate one or more (but not all) of the Xxxx-Xxxxxxx Destination Club Projects under the System, all rights to operate the subject Xxxx-Xxxxxxx Destination Club Project under the System shall terminate, and the subject Xxxx-Xxxxxxx Destination Club Project shall be Deflagged. In connection with the Deflagging:

Appears in 2 contracts

Samples: Sublicense Agreement (Marriott Vacations Worldwide Corp), Sublicense Agreement (Marriott Vacations Worldwide Corp)

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Project De-Identification and Post-Termination Obligations. A. Upon termination of Licensee’s rights to operate one or more (but not all) of the Xxxx-Xxxxxxx Licensed Destination Club Projects under the System, all rights to operate the subject Xxxx-Xxxxxxx Licensed Destination Club Project under the System shall terminate, and the subject Xxxx-Xxxxxxx Licensed Destination Club Project shall be Deflagged. In connection with the Deflagging:

Appears in 2 contracts

Samples: Development Agreement (Marriott International Inc /Md/), Sublicense Agreement (Marriott Vacations Worldwide Corp)

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