Competing Property means: (i) an office real estate property located outside of New York City, unless the property (A) is not an appropriate investment opportunity for the Employer, (B) is not directly competitive with the Businesses of the Employer and (C) has a fair market value at the time Executive’s investment is made of less than $25 million, (ii) an office real estate property located in New York City or (iii) a multi-family residential or retail real estate property located in the borough of Manhattan.
Competing Property means an office real estate property: (i) located outside of New York City, unless the property (A) is not an appropriate investment opportunity for the Employer, (B) is not directly competitive with the Businesses of the Employer and (C) has a fair market value at the time Executive’s investment is made of less than $25 million, or (ii) located in New York City.
Competing Property means an office real estate property: (i) located outside of New York City, unless the property (A) is not an appropriate investment opportunity for the Employer, (B) is not directly competitive with the Businesses of the Employer and (C) has a fair market value at the time Executive’s investment is made of less than $25 million, or (ii) located in New York City. Additionally, during the Employment Period, for so long as either: (i) GKK is externally advised by the Employer or a direct or indirect majority owned subsidiary of the Employer (and is not self-managed) or (ii) the Employer directly or indirectly owns securities representing 20% or more of the outstanding common equity of GKK, and unless and until otherwise determined by the Board, Executive shall be permitted to serve as an officer of GKK notwithstanding anything to the contrary contained in this Section 8.
Examples of Competing Property in a sentence
Notwithstanding anything to the contrary contained in Section 6.19, in the event that any Member acquires an ownership interest in a Competing Property, such Member and its Affiliates shall not use any Company information, or otherwise act in violation of any fiduciary duties to the other Member that it may have hereunder, to solicit or induce existing or prospective tenants of the Shopping Center to relocate or locate in the Competing Property.
More Definitions of Competing Property
Competing Property shall have the meaning set forth in Section 15.1.
Competing Property has the meaning set forth in Section 1.9(d).
Competing Property shall have the meaning set forth in SECTION 15.1.
Competing Property means: (i) an office real estate property located outside of New York City, unless the property (A) is not an appropriate investment opportunity for the Employer (as determined by the Board in good faith), (B) is not directly competitive with the Business of the Employer and (C) has a fair market value at the time Executive’s investment is made of less than $25 million, (ii) an office real estate property located in New York City or (iii) a multi-family residential or retail real estate property located in Manhattan having a fair market at the time Executive’s investment is made of more than $25 million.
Competing Property is defined in Section 6.20. “Confidential Information” is defined in Section 13.16. “Contributing Member” is defined in Section 4.3.
Competing Property means any building or buildings of a character similar to the Shopping Center located within the area defined by a radius of fifteen (15) miles surrounding the same.
Competing Property means any Class A commercial office building of similar size and quality to the Property in central Philadelphia, Pennsylvania, in which none of the Section 7.6(b) Eola Affiliates currently has an ownership interest.