Common use of Proposed Transfers to Lodging Competitors Clause in Contracts

Proposed Transfers to Lodging Competitors. Without limiting Section 17.1, no Transfer of any Ownership Interest in Licensee, any Projects, the MVW Xxxx-Xxxxxxx Business or any Transaction Agreement will be made to a Lodging Competitor that results in a Lodging Competitor obtaining Control of Licensee, the Projects, or the MVW Xxxx-Xxxxxxx Business. Any such Transfer will be a material default under this Agreement, and Licensor shall be entitled to enjoin or obtain a court order prohibiting such Transfer without posting a bond.

Proposed Transfers to Lodging Competitors. Without limiting Section 17.1, no Transfer of any Ownership Interest in Licensee, any Projects, the MVW Xxxx-Xxxxxxx Licensed Business or any Transaction Agreement will be made to a Lodging Competitor that results in a Lodging Competitor obtaining Control of Licensee, the Projects, or the MVW Xxxx-Xxxxxxx Licensed Business. Any such Transfer will be a material default under this Agreement, and Licensor shall be entitled to enjoin or obtain a court order prohibiting such Transfer without posting a bond.