Competing Projects Sample Clauses

Competing Projects. Owner and Manager may each have an ownership interest or managerial and/or leasing responsibility for other residential apartment complexes similar to the Project which may be considered competitive with the Project.

Competing Projects. Each Member agrees that for so long as such Member or an Affiliate of such Member, directly or indirectly, holds an Interest, such Member shall not, and shall not permit any of its Affiliates to, purchase, lease, or enter into any development, management, leasing or other arrangement involving any existing or proposed retail or other commercial property located in whole or in part within the three-mile radius from the Property, without first offering to the other Member the right to participate in such acquisition, development, leasing or other arrangement on a 50/50 basis, except as set forth on Exhibit B. During such period, each Member shall notify the other Members of any investment or commercial opportunity of which it or any of its Affiliates becomes aware, and would like to pursue involving any such existing or proposed property within the three-mile radius from the Property. If none of the other Members commit in writing to participate in any such proposed opportunity within thirty (30) days after receipt of notice thereof, then the notifying Member may pursue such opportunity without the other Members.

Competing Projects. The Borrower hereby represents and warrants that neither the Borrower nor any of its affiliates has or intends to construct, create, arrange, develop, purchase or sell any single family residential building lots which constitute a Competing Project.

Competing Projects. During the Exclusivity Period (including any extension of the Exclusivity Period pursuant to Section 10.3), Licensee will not (nor will it permit any of its officers, agents, employees or representatives to), directly or indirectly, take any of the following actions: 10.2.1 Solicit or encourage inquiries or proposals with respect to, furnish any information relating to, participate in any negotiations or discussions concerning, or cooperate in any manner relating to or in furtherance of development of potash resources in Township 17 North, Range ▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇ 18 North, Range 26 East and/or Township 19 North, Range 26 East, Gila and Salt River Base and Meridian, Apache County, Arizona (a “Competing Transaction”); or 10.2.2 Enter into any agreement or understanding with any person or entity providing for a Competing Transaction. 10.2.3 Notwithstanding the foregoing provisions of this Section 10, Licensee may elect, by written notice to the Tribe, to terminate the obligations, restrictions and other undertakings memorialized in Sections 10.1 and 10.2, in which event Sections 10.1, 10.2 and 10.3 of this Agreement shall be of no further force or effect.

Competing Projects. If the Manager (or any Affiliate thereof) has a direct or indirect ownership interest in any Competing Project, then the Manager shall give the Members Notification at least fifteen (15) Business Days prior to the execution of any lease at any such Competing Project, which Notification shall include the name and contact information of the tenant and any tenant’s representative and a summary of the terms of such lease, provided that the failure to deliver such Notification shall not constitute an Event of Default.

Competing Projects. The Redeveloper hereby agrees that it will not object to a requirement by the MGC that it will open no other gaming facility within twenty-five (25) miles of the Redevelopment Area for a period of one (1) year commencing upon the date of Licensure of the Redeveloper for the Project.

Competing Projects. For each Competing Project for which the closing has occurred, or for which a letter of intent or term sheet has been agreed upon (whether or not binding) and remains in effect, the Operator shall disclose to the Management Committee the location of the Competing Project, the identity of the other participants in the Competing Project, if any, the size of the Competing Project in dollars and leasable square feet and the property type of the Competing Project. Concurrently with the Manager’s quarterly report to the Management Committee pursuant to Section 1.01 of Exhibit E, the Operator shall provide a report to the Management Committee with the foregoing information for any new Competing Project and any change to the foregoing information previously reported with respect to any existing Competing Project.