Competing Property definition

Competing Property means an office real estate property: (i) located outside of New York City, unless the property (A) is not an appropriate investment opportunity for the Employer, (B) is not directly competitive with the Businesses of the Employer and (C) has a fair market value at the time Executive’s investment is made of less than $25 million, or (ii) located in New York City.
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Competing Property means an office real estate property: (i) located outside of New York City, unless the property (A) is not an appropriate investment opportunity for the Employer, (B) is not directly competitive with the Businesses of the Employer and (C) has a fair market value at the time Executive’s investment is made of less than $25 million, or (ii) located in New York City. Additionally, during the Employment Period, for so long as either: (i) GKK is externally advised by the Employer or a direct or indirect majority owned subsidiary of the Employer (and is not self-managed) or (ii) the Employer directly or indirectly owns securities representing 20% or more of the outstanding common equity of GKK, and unless and until otherwise determined by the Board, Executive shall be permitted to serve as an officer of GKK notwithstanding anything to the contrary contained in this Section 8.
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Competing Property shall have the meaning set forth in Section 15.1.
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Examples of Competing Property in a sentence

  • Exhibit G accurately sets forth the nature of the interest of Manager or any Affiliate of Manager in any Competing Property.

  • EXHIBIT G accurately sets forth the nature of the interest of Manager or any Affiliate of Manager in any Competing Property.

  • Manager shall always give priority to the leasing of space at the Property that is at least equal to the priority given by Manager to any property listed on EXHIBIT G or any other Competing Property.

  • Except for those properties (if any) set forth on Exhibit G, Manager agrees that, during the term of this Agreement, neither Manager nor any Affiliate of Manager shall be engaged or interested, directly or indirectly, whether as an owner, ground lessee, ground lessor, manager, leasing agent, partner, shareholder, beneficiary, trustee, option holder, lender or otherwise, in any Competing Property.

  • Except for those properties (if any) set forth on EXHIBIT G, Manager agrees that, during the term of this Agreement, neither Manager nor any Affiliate of Manager shall be engaged or interested, directly or indirectly, whether as an owner, ground lessee, ground lessor, manager, leasing agent, partner, shareholder, beneficiary, trustee, option holder, lender or otherwise, in any Competing Property.

  • If the other Member exercises such right then the investment in the Competing Property shall be in proportion to the same percentage interests that the Members hold in the Company at the time of such proposed investment in the Competing Property.

  • Manager shall under no circumstances induce tenants of the Property to move to space at any property listed on EXHIBIT G or any other Competing Property.

  • DDR shall notify TRT if DDR Parent or any Affiliate of DDR Parent submits any written proposal for the lease of space in a Competing Property to any tenant of a Property prior to the expiration of such tenant's lease term at a Property.

  • The letter should contain a request for an explanation and be accompanied by a copy of the ABS Animal Care Guidelines.

  • Notwithstanding anything to the contrary contained in Section 6.19, in the event that any Member acquires an ownership interest in a Competing Property, such Member and its Affiliates shall not use any Company information, or otherwise act in violation of any fiduciary duties to the other Member that it may have hereunder, to solicit or induce existing or prospective tenants of the Shopping Center to relocate or locate in the Competing Property.


More Definitions of Competing Property

Competing Property shall have the meaning set forth in SECTION 15.1.
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Competing Property has the meaning set forth in Section 1.9(d).
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Competing Property means: (i) an office real estate property located outside of New York City, unless the property (A) is not an appropriate investment opportunity for the Employer (as determined by the Board in good faith), (B) is not directly competitive with the Business of the Employer and (C) has a fair market value at the time Executive’s investment is made of less than $25 million, (ii) an office real estate property located in New York City or (iii) a multi-family residential or retail real estate property located in Manhattan having a fair market at the time Executive’s investment is made of more than $25 million.
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Competing Property is defined in Section 6.20. “Confidential Information” is defined in Section 13.16. “Contributing Member” is defined in Section 4.3.
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Competing Property means any building or buildings of a character similar to the Shopping Center located within the area defined by a radius of fifteen (15) miles surrounding the same.
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Competing Property means any Class A commercial office building of similar size and quality to the Property in central Philadelphia, Pennsylvania, in which none of the Section 7.6(b) Eola Affiliates currently has an ownership interest.
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Related to Competing Property

  • Competing Products means any product or service in existence or under development that competes with any product or service of the Company Group about which the Participant obtained Confidential Information or for which the Participant provided advisory services or had sales, origination, marketing, production, distribution, research or development responsibilities in the last twenty-four (24) months of employment with the Company Group.

  • Competing Product means [***].

  • Competing Program has the meaning set forth in Section 8.5.

  • Developed Property means all Assessor’s Parcels of Taxable Property for which Building Permits were issued on or before May 1 of the prior Fiscal Year, provided that such Assessor's Parcels were created on or before January 1 of the prior Fiscal Year and that each such Assessor's Parcel is associated with a Lot, as determined reasonably by the Board.

  • Mining Property means a property used for mining operations as defined in the Mineral and Petroleum Resources Development Act, 2002 (Act No. 28 of 2002);

  • New property means (i) the assessed value, after final

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Restricted Territory means the United States of America.

  • Adjoining Property means all sidewalks, driveways, curbs, gores and vault spaces adjoining any of the Leased Premises.

  • Controlled area means an area, outside of a restricted area but inside the site boundary, access to which can be limited by the licensee or registrant for any reason.

  • Competing Proposal shall have the meaning set forth in Section 6.6(f)(i).

  • Project Intellectual Property means any Intellectual Property created under, or otherwise in connection with the Project.

  • Transition Property means the property right created by a financing order, including without

  • Restricted Geographic Area is defined as all countries, territories, parishes, municipalities and states in which Company is doing business or is selling its products at the time of termination of Employee’s employment with Company, including but not limited to every parish and municipality in the state of Louisiana. Employee acknowledges that this geographic scope is reasonable given Employee's position with Company, the international scope of Company's business; and the fact that Employee could compete with Company from anywhere Company does business.

  • Product Intellectual Property means all of the following related to a Divestiture Product (other than Product Licensed Intellectual Property):

  • Licensed Property means the portion of the Software and the Documentation to which Customer has purchased a License as identified on an applicable Order. Licensed Property shall include any updates or upgrades to the Licensed Property that AvePoint may at its discretion deliver to Customer.

  • Unimproved Real Property means Property in which the Company has an equity interest that was not acquired for the purpose of producing rental or other operating income, that has no development or construction in process and for which no development or construction is planned, in good faith, to commence within one (1) year.

  • Participating Property means Development.

  • Excluded Intellectual Property shall have the meaning set forth in Section 1.2(i).

  • Competing Activity means the providing of services or performance of activities for a Competitive Enterprise in a line of business that is similar to any line of business to which the Executive provided services to the Firm in a capacity that is similar to the capacity in which the Executive acted for the Firm while employed by the Firm, and (ii) “Competitive Enterprise” shall mean a business (or business unit) that (A) engages in any activity or (B) owns or controls a significant interest in any entity that engages in any activity, that in either case, competes anywhere with any activity in which the Firm is engaged up to and including the Executive’s Date of Termination. Further, notwithstanding anything in this Section 5, the Executive shall not be considered to be in violation of this Section 5 solely by reason of owning, directly or indirectly, any stock or other securities of a Competitive Enterprise (or comparable interest, including a voting or profit participation interest, in any such Competitive Enterprise) if the Executive’s interest does not exceed 5% of the outstanding capital stock of such Competitive Enterprise (or comparable interest, including a voting or profit participation interest, in such Competitive Enterprise).

  • Competing Activities means the same or similar services as Xxxxxx Xxx Ltd is providing to the Restaurant under this Agreement or other activities having a similar purpose.

  • Excluded Personal Property means the following:

  • Common Property means any and all real and personal property and easements and other interests therein, together with the facilities and improvements located thereon, now or hereafter owned by the Association for the common use and enjoyment of the Owners.

  • Existing Property means all property against which ad valorem property taxes were levied by a local unit for its concluding fiscal year, minus all property that is considered losses for purposes of ad valorem property tax levies of the local unit for the ensuing fiscal year.

  • Subject Property means any premises located in the County on which an energy efficiency improvements, water efficiency improvements, or renewable resource applications are being or have been made and financed through an outstanding PACE loan.

  • Protected Territory means the United States of America.