Licensed Affiliate definition
Examples of Licensed Affiliate in a sentence
The parties agree to execute such additional assurances, documents or confirmations, each in form and substance reasonably acceptable to such party, as are required for Owner, Builder, and/or the Applicable Licensed Affiliate to comply with the Licensing Requirements.
All references in this Agreement or the Option Agreement requiring Builder to perform Licensed Work shall be interpreted as requiring such Licensed Work to be performed by the Applicable Licensed Affiliate.
All references in this Agreement or the Construction Agreement requiring the performance of Licensed Work shall be interpreted as requiring such Licensed Work to be performed by (or caused to be performed by) the Applicable Licensed Affiliate (and not any other Builder Party).
For avoidance of doubt, an Applicable Licensed Affiliate shall not have any other rights under this Agreement including any Option rights.
Builder shall cause an Applicable Licensed Affiliate to sign and deliver the Addendum for each Property as a condition to the performance of any Licensed Work.