Competing Project definition

Competing Project means [***].

Competing Project is defined in Section 8.1(e).

Competing Project means any multi-family or office-service, flex, or office property, development or project, and the term “Territory” shall mean Hxxxxx County, New Jersey.

Examples of Competing Project in a sentence

• In the event that Employee is hired as an employee or consultant of an entity that is involved in a Competing Project, Employee shall recuse himself from and not participate in, directly or indirectly, any activities of such entity with respect to the evaluation, development or operation of the Competing Project.

• Throughout the Operating Term, except for , neither Owner and its Affiliates nor Operator and its Affiliates shall, within the Restricted Area, develop, own, purchase, manage or otherwise directly participate in, have any direct interest in, or control over, any hotel resort, condominium hotel or similar project that's average daily rate is in the top percent ( %) of the ratio reported to for the hotel market (collectively, a "Competing Project"), unless mutually approved in writing by Owner and Operator.

• Notwithstanding the foregoing, the following projects shall not be considered a Competing Project and shall not be subject to the foregoing restriction: (i) a boutique hotel located in the area with less than keys, and (ii) a city centre hotel located in .

• In exchange for the various consideration provided herein, during the term of this Agreement and for a period of one (1) year following the date of termination, in the event Employee leaves or abandons his position with Employer otherwise than for Good Reason, then Employee will not compete with Employer through involvement on any project that Employer is then pursuing, or did pursue within the one hundred twenty (120) days prior to Employee's departure from Employer (a "Competing Project").

• A proprietor or occupier of a Lot must not modify any television aerial or communication system (except telephone connections) servicing that Lot without the prior written consent of the Owners Corporation.

More Definitions of Competing Project

Competing Project means any real estate development, real estate investment, other real estate related business or any other business or venture that Operator or any of its Affiliates invests in, finances and/or otherwise participates in for its or their own account, or advises or assists another client with respect to such other client’s investment, financing and/or other participation in, outside the Company.

Competing Project means, as to the Facility, any Senior Housing Facility located within the town of Nantucket, Massachusetts.

Competing Project means a residential real estate project that is of the same type and/or mix of residential units as the Project or in which residential units will be sold for an average sales price that is within twenty percent (20%) of the average sale price (as set forth in the Business Plan) of Homes in the Project.

Competing Project means a retail project located within a three (3) mile radius of any Project.

Competing Project means, unless otherwise approved by Lender in writing to the contrary, any single family residential lots actively offered for sale which are located within a radius of five (5) miles of the Project and the minimum sales price for which lots on an individual basis are within $10,000.00 of any Lot in the Project.

Competing Project means any new student housing project which is likely to compete to any material degree for residents with the Projects, with consideration given to the following factors: (i) targeted student residents (e.g. upper-classmen);

Competing Project shall not include any project in any desert, coastal (i.e., within three miles of the Pacific Ocean) or urban environments and shall particularly exclude Rancho Mission Viejo and the Centennial project on Tejon Ranch. The obligations set forth in this section of a transferring or withdrawing Member shall survive the transfer of a Member’s Interest in the Company or other withdrawal therefrom. Notwithstanding the foregoing, if a Member withdraws from the Company in accordance with this Agreement or its interest is purchased by the other Member, or its assignee, pursuant to this Agreement, then on the date which is one (1) year following the effective date of such Member’s withdrawal or the Closing Date of such purchase, such Member shall no longer be subject to this Section 7.4B. The obligations set forth in this section of any Member remaining in the Company to any party ceasing to be a Member of the Company shall not survive following a transfer or withdrawal by such other Member.