Competitor definition

Competitor means any individual, corporation, partnership or other entity that engages in (or that owns a significant interest in any corporation, partnership or other entity that engages in) any business conducted by the Company or any of its Affiliates.
Competitor means an individual, business or any other entity or enterprise engaged or having publicly announced its intent to engage in the sale or marketing of any Competing Product or Service.
Competitor means any Person engaged, wholly or in part, in Competitive Services.

Examples of Competitor in a sentence

  • No such assignment shall be made to a natural Person, any Competitor (unless an Event of Default has occurred and is continuing), any Defaulting Lender or any of its Affiliates or the Company or any of their respective Affiliates.

  • Notwithstanding the foregoing, the Subject Party and its Affiliates may own passive investments of no more than three percent (3%) of any class of outstanding equity interests in a Competitor that is publicly traded, so long as the Subject Party and its Affiliates and immediate family members are not involved in the management or control of such Competitor (“Permitted Ownership”).

More Definitions of Competitor

Competitor means (i) any Person operating an Eligible Business and (ii) any Affiliate of any Person described in clause (i) (other than any Affiliate of such Person as a result of common control by a Governmental Authority or instrumentality thereof and any Affiliate of such Person under common control with such Person which Affiliate is not actively involved in the management and/or operations of such Person).
Competitor means any entity that provides products or services that compete with or are alternatives to the principal products produced or services provided by the Corporation or its affiliates;
Competitor means a competitor of, the Borrower or any of its Subsidiaries.
Competitor means any Person that is an operating company engaged in substantially similar business operations as the Borrowers.
Competitor means a Person engaged, directly or indirectly (including through any partnership, limited liability company, corporation, joint venture or similar arrangement (whether now existing or formed hereafter)), in substantially the same business as the Company, but shall not include any financial investment firm or collective investment vehicle that, together with its Affiliates, holds less than 20% of the outstanding equity of any Competitor and does not, nor do any of its Affiliates, have a right to designate any members of the board of directors of such Competitor.
Competitor means any individual or entity that at any time during the Term, whether directly or through an affiliate, owns in whole or in part, or is the licensor or franchisor of, a Competing Brand, irrespective of the number of hotels owned, licensed or franchised by the Competitor under such Competing Brand. A Competitor does not include an individual or entity that: (i) is a franchisee of a Competing Brand; (ii) manages a Competing Brand hotel, so long as the individual or entity is not the exclusive manager of the Competing Brand; or (iii) owns a minority interest in a Competing Brand, so long as neither that individual or entity nor any of its affiliates is an officer, director, or employee of the Competing Brand, or exercises, or has the right to exercise, control over the business decisions of the Competing Brand. A “Competing Brand” means a hotel brand or trade name that, in our sole business judgment, competes with the System or any Network Hotel.
Competitor means any Person that engages in a business that is the same as, or similar to, the Company’s Business.