Failure to Close the Spin-Off Transaction. Notwithstanding anything to the contrary in this Agreement, if the Spin-Off Transaction fails to close on or before March 31, 2012, either party may terminate this Agreement immediately upon notice to the other party and neither party will have any liability to the other in connection with such termination.
Appears in 4 contracts
Sources: License Agreement (Marriott Vacations Worldwide Corp), License Agreement (Marriott International Inc /Md/), License, Services and Development Agreement (Marriott Vacations Worldwide Corp)