Undeveloped Parcels. (a) Licensee has listed on Exhibit J all real estate owned by Licensee that have not been developed as of the Effective Date (“Undeveloped Parcels”). Licensor hereby approves the Undeveloped Parcels as sites for future New Properties, which shall be subject to Section 5.2.
Appears in 4 contracts
Samples: License Agreement, HGV License Agreement (Hilton Grand Vacations Inc.), HGV License Agreement (Hilton Grand Vacations Inc.)
Undeveloped Parcels. (a) Licensee has listed on Exhibit J of the Original Agreement all real estate owned by Licensee that have not been developed as of the Effective Date (“Undeveloped Parcels”). Licensor hereby approves the Undeveloped Parcels as sites for future New Properties, which shall be subject to Section 5.2.
Appears in 2 contracts
Samples: HGV License Agreement (Hilton Worldwide Holdings Inc.), HGV License Agreement (Hilton Grand Vacations Inc.)
