Common use of Existing Projects Clause in Contracts

Existing Projects. The Vacation Ownership Properties listed on Exhibit I of the Original Agreement, as may have been updated between the Parties through the date hereof, or as may be updated among the Parties in the future, shall be deemed “Licensed Vacation Ownership Properties” herein. Additionally, Diamond Properties that are approved by Licensor to carry the Diamond Converted Brand and Bluegreen Properties that are approved by Licensor to carry the Bluegreen Converted Brand, in each case pursuant to Section 5.10, shall, in each case, also be deemed “Licensed Vacation Ownership Properties” except when used in Sections 3.1(a) through 3.1(c) as limited by the last sentence of Section 3.5.