Common use of Modified Standards Clause in Contracts

Modified Standards. (a) Licensor may modify or implement any existing or new Standards during the Term, effective upon notice to Licensee, provided that (i) Licensor may not require Licensee to comply with any Standards that, as a whole, place a disproportionate or discriminatory burden upon Licensee relative to practices for similarly situated Licensor Lodging Properties, but Licensee acknowledges that certain Standards may not apply to all of Licensor’s branded hotels and (ii) Licensee shall have a commercially reasonable time to transition to comply with the above new Standards (unless new or modified Standards reflect changes in applicable Laws, in which case, Licensee must adopt such changes sufficiently promptly to comply with such Laws).

Appears in 5 contracts

Samples: HGV License Agreement (Hilton Grand Vacations Inc.), HGV License Agreement (Hilton Grand Vacations Inc.), HGV License Agreement (Hilton Grand Vacations Inc.)

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