Shared Ownership Business definition

Shared Ownership Business means the business of: (i) owning, managing, leasing, developing and/or operating Shared Ownership Projects; (ii) owning, leasing, developing, selling, marketing, managing, operating and/or financing Shared Ownership Products; (iii) owning, developing, selling, marketing, managing and/or operating Exchange Programs; (iv) managing rental programs associated with Shared Ownership Products; (v) establishing and operating sales facilities and marketing facilities for Shared Ownership Products; (vi) managing the Member services related to Shared Ownership Products; (vii) servicing purchase money loans for Shared Ownership Products; and (viii) managing or operating the amenities of Shared Ownership Projects (e.g., country clubs, spas, golf courses, food and beverage outlets, gift and sundry shops, etc.) located at or in the general vicinity of, and available for use by, Shared Ownership Projects, and businesses that are ancillary to the foregoing activities (e.g. travel insurance), all of which are associated with Shared Ownership Products. For the avoidance of doubt, Shared Ownership Business does not include the Lodging Business or the Whole Ownership Residential Business, including any portion of the Lodging Business or any portion of the Whole Ownership Residential Business occurring on a project that includes both Shared Ownership Units and a Lodging Business facility or Residential Units (e.g., a hotel portion or residential unit portion of a Mixed Use Project).
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Examples of Shared Ownership Business in a sentence

  • Licensee’s engagement in any aspect of the Shared Ownership Business with any Lodging Competitor, any Licensor SOI Branded Competitor or any Licensor SOI Competitor may not involve or utilize in any way the Licensor Intellectual Property, the Branded Elements or the System, and Licensee shall not use, share or discuss Licensor Confidential Information with or for the benefit of Licensee’s business related to any Lodging Competitor, Licensor SOI Branded Competitor or Licensor SOI Competitor.

  • Notwithstanding any provision of this Agreement to the contrary, if a termination of the provisions of this Agreement and the license in accordance with this Section 19.3 results in the exclusion of portions of the Territory from the Licensed Business, then Licensee shall have the unrestricted right to engage in the Shared Ownership Business within such excluded portions of the Territory in any brand segment and with any brand or on an unbranded basis.

  • In addition, Licensor acknowledges and agrees that during the Term and pursuant to the terms of this Agreement, Licensee shall not be restricted in any manner from using any of the Reserved Names or the Additional Names (in such exact order and form) in connection with the development, promotion, or operation of the Licensed Shared Ownership Business.

  • Licensor shall reasonably cooperate with Licensee in establishing appropriate forms of links or notices to both explain any changes and direct Members and customers to any new domains used by Licensee in connection with the Licensed Shared Ownership Business upon expiration or termination of this Agreement, and shall maintain such links or notices for at least one (1) year following such expiration or termination of this Agreement.

  • Prior to making any significant systemic changes in the Licensed Shared Ownership Business or any Licensed Club (for example, conversion to a points program) or any changes to the Licensed Residential Business, Licensee shall have the right to seek prior written confirmation from Licensor, on a confidential basis, that any such change is consistent with the Brand Standards and will not result in a breach of Licensee’s obligations under this Agreement.