RHL Agreement definition
Examples of RHL Agreement in a sentence
If such RHL Agreement term extension is obtained after January 1, 2078, Licensee shall have five (5) years after Licensee receives notice of such extension in order to provide notice to Licensor of its election to obtain the first Extension Term.
Licensor will not agree to an amendment of the RHL Agreement (i) to increase such fees without Licensee’s prior written consent, unless Licensor agrees to pay the amount of any increase in such fees, as and when due, or (ii) in a manner that will otherwise materially adversely affect Licensee’s rights hereunder.
With respect to the RHL Territory, Licensee shall have the same extension rights provided for in Section 4.2.A., but only to the extent that the term of the RHL Agreement is so extended.
Licensee shall reimburse Licensor and its Affiliates for all royalty, license, and other fees and other amounts due to RHL under the RHL Agreement in connection with the development, use, lease, marketing, and/or sale of interests in ▇▇▇▇-▇▇▇▇▇▇▇ Destination Club Units and ▇▇▇▇-▇▇▇▇▇▇▇ Residential Units at Projects within the RHL Territory.
Licensee must comply with all terms and provisions in the RHL Agreement with respect to Licensee’s and its Affiliates’ activities in the ▇▇▇ ▇▇▇▇▇▇▇▇▇.
Licensor will not agree to an amendment of the RHL Agreement that would result in RHL having additional audit rights with respect to the MVW ▇▇▇▇-▇▇▇▇▇▇▇ Business within the RHL Territory.
The parties acknowledge that Licensor is party to the RHL Agreement with RHL, under which Licensor has the right to use and sublicense the name “Ritz” as part of the names and marks described in (i) through (ii) and (iv) through (vi) of the definition of Licensed Marks.
With respect to the RHL Territory, Licensor is sublicensing to Licensee its right under the RHL Agreement to use the name “Ritz” as part of such Licensed Marks referenced herein, and the grant of rights set forth in this Agreement are subject to the RHL Agreement.
Licensee acknowledges that, in addition to the audit rights of Licensor as set forth above, RHL may have certain audit rights with respect to the MVW ▇▇▇▇-▇▇▇▇▇▇▇ Business within the RHL Territory as set forth in the RHL Agreement, and Licensee agrees comply therewith.
Licensor will provide Licensee with a true and correct copy of the RHL Agreement and any amendments thereto promptly after execution thereof.