Common use of Redemption Restrictions Clause in Contracts

Redemption Restrictions. (a) The Cross Redemption Policy will be subject to the Marriott Rewards Redemption Restriction and the SPG Redemption Restriction. (b) Marriott will make all necessary modifications to its IT systems to implement the enforcement of the Marriott Rewards Redemption Restriction and the SPG Redemption Restriction not later than October 15, 2016. (c) (i) MVW and Marriott will each use commercially reasonable efforts to ensure that they accurately describe the Marriott Rewards Redemption Restriction to their respective customers, potential customers, members and potential members; (ii) Marriott will use commercially reasonable efforts to ensure that it accurately describes the SPG Rewards Redemption Restriction to its customers, potential customers, members and potential members; and (iii) Marriott will use commercially reasonable efforts to cause ILG to accurately describe the SPG Redemption Restriction to its Vistana customers, potential customers, members and potential members. (d) Upon MVW’s written request, Marriott will eliminate both the SPG Redemption Restriction and the Marriott Rewards Redemption Restriction; provided that the SPG Redemption Restriction and the Marriott Rewards Redemption Restriction will not terminate prior to the third anniversary of the closing of the Starwood Combination, unless both MVW and ILG mutually agree to an earlier termination date.

Redemption Restrictions. (a) The Cross Redemption Policy will be subject to Until the Marriott Rewards Vistana Redemption Restriction and the SPG MVW Redemption Restriction. Restriction have been eliminated in accordance with Section 3.02(c), (bi) Marriott will make maintain and enforce the MVW Redemption Restriction and the Vistana Redemption Restriction, and (ii) Marriott will maintain all necessary modifications to its IT systems to implement the enforcement of the Marriott Rewards MVW Redemption Restriction and the SPG Vistana Redemption Restriction not later than October 15, 2016Restriction. (cb) (i) MVW and Marriott will each use commercially reasonable efforts to ensure that they accurately describe the Marriott Rewards MVW Redemption Restriction to their respective customers, potential customers, members and potential members; (ii) Marriott will use commercially reasonable efforts to ensure that it accurately describes the SPG Rewards Vistana Redemption Restriction to its customers, potential customers, members and potential members; and (iii) Marriott will use commercially reasonable efforts to cause ILG to accurately describe the SPG Vistana Redemption Restriction to its Vistana customers, potential customers, members and potential members. (dc) Upon MVW’s written request, Marriott will eliminate both the SPG Vistana Redemption Restriction and the Marriott Rewards Redemption Restriction; provided that the SPG MVW Redemption Restriction and upon the Marriott Rewards Redemption Restriction will not terminate prior to the third anniversary earlier of the closing of the Starwood Combination(i) September 23, unless 2019 or (ii) such date as both MVW and ILG may mutually agree to an earlier termination dateagree.