Competitor definition

Competitor means any company, other entity or association or individual that directly or indirectly is engaged in the Company’s Business.

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Competitor means any person, entity or business that is engaged in, or that owns a significant equity, voting, financial or other interest in an entity that is engaged in, one or more Competing Businesses.

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 under such Competing Brand name. 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, provides services (including as a consultant) to the Competing Brand, or exercises, or has the right to exercise, Control over the business decisions of the Competing Brand.

Examples of Competitor in a sentence

Grantee acknowledges that, by virtue of ▇▇▇▇▇▇▇’s employment by the Company or its Affiliates, Grantee has gained or will gain knowledge of the identity, characteristics, and preferences of the Company’s Business Partners, among other Proprietary or Confidential Information, and that Grantee would inevitably have to draw on such information if Grantee were to solicit or service the Company’s Business Partners on behalf of a Competitor.
No Holder shall Transfer any Shares to a Competitor of the Company other than pursuant to a Company Sale.
If a Covered Employee is hired by a Competitor into a position that reports to or is supervised by me while the Employee Nonsolicit remains in effect, it will be presumed that I was involved in the solicitation or hiring of the Covered Employee in breach of this Agreement.
For a period of twelve (12) months after my Termination Date, I will not provide services to or be associated with a Competitor in any role or position (as an employee, director, owner, consultant or otherwise) that would involve Competitive Activity in or related to the Restricted Area.
Upon any such notice of resignation, the Required Lenders shall have the right, with the consent of the Borrower not to be unreasonably withheld or delayed (or, if an Event of Default has occurred and is continuing in consultation with the Borrower), to appoint a successor which is not a natural person, a Defaulting Lender or a Competitor.

More Definitions of Competitor

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 engaged, wholly or in part, in Competitive Services.

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 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 the business of the Company, but shall not include any financial investment firm, or collective investment vehicle that, together with its Affiliates, holds less than fifteen percent (15%) 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 or board of managers of any Competitor.

Competitor has the meaning assigned to such term in the definition of “Disqualified Institution.”

Competitor means any Person that is engaged in (or intends or proposes to engage in, or has been organized for the purpose of engaging in) a Competing Business in the Company’s Market Area.