Prospective Project definition
Prospective Project means (i) a prospective time-share, vacation plan, ------------------- vacation ownership or interval ownership resort or project with respect to which Employee has been made aware or has been advised prior to the Termination Date that the Company or any of its Affiliates is considering developing or undertaking and (ii) any person or entity, including its respective Affiliates, with respect to which Employee has been made aware or has been advised prior to the Termination Date that the Company or any of its Affiliates has commenced to evaluate or negotiate with in respect of any transaction involving (y) the acquisition by the Company or any of its Affiliates of all or a portion of such person or entity or its consolidated assets or (z) the acquisition by such person or entity (or its Affiliates) of all or a portion of the Company or its consolidated assets.
Prospective Project means a REP, EEP or QOP that is not in operation but for which the owner has awarded contracts for installation or purchase of components or begun on-site construction or installation.
Prospective Project means (i) a prospective time-share, vacation plan, vacation ownership or interval ownership resort or project with respect to which Employee has been made aware or has been advised prior to the Termination Date that the Company, Parent or any Affiliate of the Company or Parent is considering developing or undertaking and (ii) any person or entity, including its respective Affiliates, with respect to which Employee has been made aware or has been advised prior to the Termination Date that the Company, Parent or any Affiliate of the Company or Parent has commenced to evaluate or negotiate with in respect of any transaction involving (y) the acquisition by the Company, Parent or any Affiliate of the Company or Parent of all or a portion of such person or entity or its consolidated assets or (z) the acquisition by such person or entity (or its Affiliates) of all or a portion of the Company or its consolidated assets.
Examples of Prospective Project in a sentence
Within thirty (30) days after receipt of such information, Simon shall elect, on notice to Chelsea, whether or not to have the Company proceed to acquire such Prospective Project.
During the term hereof, Chelsea shall identify and provide Simon with an opportunity to evaluate each Prospective Project Area and determine whether or not the Company should proceed to review and assess the advisability of developing a Project within the Prospective Project Area.
In that regard, Chelsea shall promptly furnish to Simon all information in Chelsea's possession concerning a Prospective Project Area and describe why Chelsea believes the Prospective Project Area may be appropriate for the development of a Project, together, if appropriate, with a Prospective Project Budget.
During any period when the Members are examining the feasibility of developing or acquiring a Prospective Project prior to the commencement of the PreConstruction Period, each Member shall contribute cash capital contributions in an amount sufficient to fund costs incurred by the Company and Approved in advance from time to time by the Members or contained in the Prospective Project Budget.
In no event shall any fees or cost allocations be paid to any Member during the Prospective Project Period.
More Definitions of Prospective Project
Prospective Project means (a) a prospective time-share, fractional ownership, exchange company, vacation plan, vacation ownership or interval ownership resort or project with respect to which Executive has been made aware or has been advised prior to the termination of his employment with the Company that the Company or any of its subsidiaries or affiliates is considering developing or undertaking and (b) any person or entity, including its respective affiliates, with respect to which Executive has been made aware or has been advised prior to the termination of his employment by the Company that the Company or any of its subsidiaries or affiliates has commenced to evaluate or negotiate with in respect of any transaction involving (i) the acquisition by the Company or any of its subsidiaries or affiliates of all or a portion of such person or entity or its consolidated assets or (ii) the acquisition by such person or entity (or its affiliates) of all or a portion of the Company or its consolidated assets.
Prospective Project means (i) a manufacturers outlet shopping center which is proposed to be acquired or developed and which is planned to contain, either initially or through a phased development, approximately 500,000 square feet or more of gross leasable area and (ii) an acquisition of a portfolio of five (5) or more manufacturers outlet shopping centers regardless of size or a portfolio of any size which contains one (1) or more manufacturers outlet shopping centers containing, or which are planned to contain, approximately 500,000 square feet or more of gross leasable area, in each instance to be identified by Chelsea and offered to Simon for the benefit of the Company as provided in this Agreement.
Prospective Project means (a) a prospective time-share, vacation plan, vacation ownership or interval ownership resort or project with respect to which Executive has been made aware or has been advised prior to the termination of his employment with the Company that the Company or any of its subsidiaries or affiliates is considering developing or undertaking and (b) any person or entity, including its respective affiliates, with respect to which Executive has been made aware or has been advised prior to the termination of his employment by the Company that the Company or any of its subsidiaries or affiliates has commenced to evaluate or negotiate with in respect of any transaction involving (i) the acquisition by the Company or any of its subsidiaries or affiliates of all or a portion of such person or entity or its consolidated assets or
Prospective Project means (A) a prospective timeshare, ------------------- vacation plan, vacation ownership or interval ownership resort or project with respect to which Executive has been made aware or has been advised prior to the Termination Date that Vistana or any of its Affiliates is considering developing or undertaking and (B) any person or entity, including its Affiliates, with respect to which Executive has been made
Prospective Project has the meaning given in Section 3.3(a).
Prospective Project means (A) a prospective time-share, vacation plan, vacation ownership or interval ownership resort or project with respect to which the Selling Party has been made aware or has been advised prior to the completion of the Non-Compete Period that Vistana or any of its affiliates is considering developing or undertaking and (B) any person or entity, including its respective affiliates, with respect to which the Selling Party has been made aware or has been advised prior to the completion of the Non-Compete Period that Vistana or any of its affiliates has commenced to evaluate or negotiate with in respect of any transaction involving (y) the acquisition by Vistana or any of its affiliates of all or a portion of such person or entity or its consolidated assets or (z) the acquisition by such person or entity (or its affiliates) of all or a portion of Vistana or its consolidated assets; and (iv) "Territory" means the total geographic area located within a 150-mile radius of each Existing Project and each Prospective Project. Notwithstanding the foregoing, a Selling Party may purchase securities in any publicly traded company, including any company engaged in the timeshare or vacation ownership business; provided, however, that a Selling Party may not own (individually, or collectively with the Selling Party's family members, trusts for the benefit of Selling Party's family members and affiliates of the Selling Party) more than 5% of any class of securities of any company (other than Vistana).
Prospective Project means (a) a prospective time-share, vacation plan, vacation ownership or interval ownership resort or project with respect to which Executive has actual knowledge prior to the Effective Date hereof that the Company or any of its subsidiaries or affiliates is considering developing or undertaking and (b) any person or entity, including its respective affiliates, with respect to which Executive has actual knowledge prior to the Effective Date hereof that the Company or any of its subsidiaries or affiliates has commenced to evaluate or negotiate with in respect of any transaction involving (i) the acquisition by the Company or any of its subsidiaries or affiliates of all or a portion of such person or entity or its consolidated assets or (ii) the acquisition by such person or entity (or its affiliates) of all or a portion of the Company or its consolidated assets.