Marriott Property definition

Marriott Property means each Individual Property that is occupied and operated by Marriott as a Marriott hotel franchise, and is managed by Marriott.
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Marriott Property shall have the meaning given in Section 19.2.
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Marriott Property means all information, materials, data, software, equipment, documents, images, files, and other property, whether tangible or intangible, including computer software, owned, acquired, developed or licensed by Marriott prior to or independently of this Agreement. Marriott Property includes derivative works of the foregoing even if created during performance under this Agreement. Marriott shall retain all right, title and interest, including copyright and patent rights, in and to Marriott Property, and OCC obtains no right, title, or interest therein, except that OCC may use Marriott Property for the sole, exclusive and limited purpose of performing the Services in compliance with the terms and conditions of this Agreement. OCC shall comply with the terms of any license or other agreement applicable to such Marriott Property of which it is given notice by Marriott. All Marriott Property consisting of information shall be deemed to be Marriott’s confidential information subject to the confidentiality provisions of this Agreement. OCC shall not use, assign, convey, or otherwise transfer any Marriott Property in any manner other than as expressly instructed by Marriott in writing or as otherwise permitted by this Agreement.
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Examples of Marriott Property in a sentence

  • If at any time Marriott is no longer Manager of any Marriott Property pursuant to the terms and provisions of the applicable Management Agreement, Borrower shall comply with all of the insurance, casualty and condemnation requirements and obligations set forth in this Agreement and in the other Loan Documents with respect to such Individual Property.

  • If the Services generate work products, then to the extent work products contain OCC Property or Marriott Property, including derivative works thereof created during performance under this Agreement, each party shall retain its ownership rights to its property in such work products.

  • Demolition Purchase Option: Marriott Owner has the option to purchase the Foundation Parcel at any time after December 31, 2013 if Marriott Owner intends to demolish the hotel at the Marriott Property, which option is exercised by notice from Marriott Owner to Mayo.

  • All Marriott Property consisting of information shall be deemed to be Marriott’s confidential information subject to the confidentiality provisions of this Agreement.

  • Marriott Property shall include all customer and/or guest information, including names or other information relating to or traceable to the guest or customer, as well as hotel occupancy information, guest billing information not related to usage of the OCC Service, or other usage data and any other information about actions, services, events, or activities occurring in or requested from Marriott or its managed or franchised hotels.

  • In the case of the Marriott Property which is a Leasehold Interest, SPTMRT has good record and marketable title to such Leasehold Interest.

  • Borrower shall furnish to each Lender, upon written request, full information as to the insurance carried with respect to each Marriott Property and Brookdale Property.

  • OCC shall comply with the terms of any license or other agreement applicable to such Marriott Property of which it is given notice by Marriott.

  • The Lease for each Marriott Property and Brookdale Property (i) shall include a consent by the Tenant thereof to the respective Mortgage and the respective Assignment of Leases, Rents and Lease Guaranties, (ii) shall be a triple net lease on the form of lease for such Property delivered to Administrative Agent pursuant to Section 4.1, and (iii) shall include subordination and attornment provisions in favor of Administrative Agent and Lenders.

  • With respect to each Marriott Property and Brookdale Property, evidence of compliance with applicable zoning laws, and no violations of local laws and codes, applicable to such Property.


More Definitions of Marriott Property

Marriott Property means the real property affected or formerly affected by that certain Purchase and Development Agreement among American Ski, Marriott Ownership Resorts, Inc. and Borrower dated July 22, 1998, as amended on March 10, 2000; the foregoing property being more particularly described on Exhibit "J" attached hereto and made a part hereof.
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Related to Marriott Property

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Common Property means any and all real and personal property and easements and other interests therein, together with the facilities and improvements located thereon, now or hereafter owned by the Association for the common use and enjoyment of the Owners.

  • Joint Property means property that is owned by 2 or more persons with rights of survivorship, and includes a tenancy by the entireties in real property, a tenancy in personal property as provided in section 1 of 1927 PA 212, MCL 557.151, a joint tenancy, a joint tenancy with rights of survivorship, and a joint life estate with contingent remainder in fee. For purposes of this part, joint property is considered to consist of a present interest and a future interest. The future interest is the right of survivorship.

  • Adjacent Property means all land adjoining and surrounding the Stadium Site on which will be located any public streets, sidewalks, plazas, or bridges and any public or private parking facilities or other accoutrements to be developed by Authority or other parties in connection with the Project.

  • School property means in or within any building, structure, athletic playing field, playground, parking lot or land contained within the real property boundary line of a public elementary or secondary school, or in or on a school bus, as defined in Vehicle and Traffic Law §142.

  • Replacement Property means any property which is placed in service as a replacement for any item of Equipment or any Improvement previously subject to this Fee Agreement regardless of whether such property serves the same functions as the property it is replacing and regardless of whether more than one piece of property replaces any item of Equipment or any Improvement to the fullest extent that the FILOT Act permits.

  • Condominium Property means the lands, leaseholds, and personal property that are subjected to condominium ownership, whether or not contiguous, and all improvements thereon and all easements and rights appurtenant thereto intended for use in connection with the condominium.

  • Mixed-use property means an eligible property that includes three or more residential units and may also contain a commercial property component in the same building.

  • Subject Property means any premises located in the County on which an energy efficiency improvements, water efficiency improvements, or renewable resource applications are being or have been made and financed through an outstanding PACE loan.

  • Existing Property means all property against which ad valorem property taxes were levied by a local unit for its concluding fiscal year, minus all property that is considered losses for purposes of ad valorem property tax levies of the local unit for the ensuing fiscal year.

  • Hotel Property means a Property on which there is located an operating hotel.

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  • Project Property means the real property on or for which preconstruction service or construction work is or will be provided.

  • Redevelopment Property means a property owned by the Company or a Consolidated Subsidiary (a) where the commenced leased square footage is less than 60% of the sum of net rentable square feet and redevelopment space, with reasonable adjustments to leased square footage determined in good faith by the Company, including adjustments for available power, required support space and common area and (b) that the Company reasonably characterizes as held in whole or in part for redevelopment.

  • Security Property means all right, title and interest in, to and under any Security Document, including:

  • Development Property means a Property currently under development for use as an office or industrial building that has not become a Stabilized Property, or on which the improvements (other than tenant improvements on unoccupied space) related to the development have not been completed, provided that such a Development Property on which all improvements (other than tenant improvements on unoccupied space) related to the development of such Property have been completed for at least twelve (12) months shall cease to constitute a Development Property notwithstanding the fact that such Property has not become a Stabilized Property.

  • Mortgaged Property shall have the meaning assigned to such term in the recitals.

  • Mining Property means a property used for mining operations as defined in the Mineral and Petroleum Resources Development Act, 2002 (Act No. 28 of 2002);

  • Mortgaged Real Property means (a) each Real Property identified on Schedule 1.01(a) hereto and (b) each Real Property, if any, which shall be subject to a Mortgage delivered after the Closing Date pursuant to Section 5.11(c).

  • Income Property means, in respect of each Sub-Fund, (a) all interest, dividends and other sums deemed by the Trustee, (after consulting the auditors either on a general or case by case basis), to be in the nature of income (including taxation repayments, if any) received or receivable by the Trustee in respect of the Deposited Property of the relevant Sub-Fund (whether in cash or, without limitation, by warrant, cheque, money, credit or otherwise or the proceeds of sale or transfer of any Income Property received in a form other than cash); (b) all interest and other sums received or receivable by the Trustee in respect of (a), (c) or (d) of this definition; (c) all cash payments received or receivable by the Trustee for the account of the relevant Sub-Fund in respect of an Application; and (d) all Cancellation Compensation received by the Trustee for the account of the relevant Sub-Fund; (e) any payments to be received or are receivable by the Trustee under any contractual agreements in the nature of investments for the benefit of the relevant Sub-Fund but excluding (i) the Deposited Property; (ii) any amount for the time being standing to the credit of the distribution account for the account of the relevant Sub-Fund or previously distributed to Unitholders; (iii) gains for the account of the relevant Sub-Fund arising from the realisation of Securities; and (iv) any sums applied towards payment of the fees, costs and expenses payable by the Trust from the Income Property of the relevant Sub-Fund;

  • Loan Property means any property in which the applicable party (or a subsidiary of it) holds a security interest and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Rental Property means a hotel room, vacation home, or other rental property You booked for Your stay during Your Trip.