Common use of MARRIOTT Clause in Contracts

MARRIOTT. The Residence Owner acknowledges that: (i) the Hotel is independently owned by INVERSIONES MARINA GOLFITO S.A., a company organized and existing under the laws of Costa Rica (“Licensee”) and not by ▇▇▇▇▇▇▇▇, and Licensee has been granted a license to use Marriott’s trademarks pursuant to a franchise agreement with Marriott (the “Franchise Agreement”); and (ii) the Hotel is operated by ENJOY GROUP DE COSTA RICA EGCR S.A. (in such capacity, “Hotel Management Company”), an operator Affiliated with Licensee that has been retained by Licensee pursuant to a management agreement between Licensee and Hotel Management Company to which Marriott is not a party. The relationship of Marriott to the Hotel and the Unit is merely that of a licensor of a franchise to operate a hotel and a license to market, offer, and sell branded residences, using certain of Marriott’s trademarks accordance with and subject to the terms and conditions contained in the Franchise Agreement, the Residential Marketing License Agreement, and the Residential Trademark License Agreement, and neither Seller nor the Hotel is affiliated with Marriott in any way. The Franchise Agreement is limited in duration and there is no guarantee or other assurance of any kind that the Hotel or the Unit will continue to be associated with Marriott’s trademarks for any period of time. Residence Owner will not have any interest in the Franchise Agreement whatsoever. Residence Owner represents, warrants and covenants that it will not bring any Claim against Marriott or any of its Affiliates in respect of any alleged Claims or Damages arising, relating or pertaining to the purchase of the Unit under the Agreement, including any Claims or Damages relating to any actual or alleged construction or other defect relating to the Unit.