Common use of CLOSURE OR CONTRACTION Clause in Contracts

CLOSURE OR CONTRACTION. 6.9.1 If at any time during the Term of this Agreement, the Director, in his sole discretion, determines that it is necessary for the efficient operation of the Airport or to accommodate any construction, he may (i) require Concessionaire to close a Concession Facility or Facilities and/or (ii) require Concessionaire to reduce the square footage of a Concession Facility or Facilities. This shall be a continuing right of the Director throughout the Term. If the Director requires Concessionaire to close a Concession Facility or Facilities, Concessionaire shall vacate the Concession Facility or Facilities within ninety (90) days after receipt of a closure notice from the Director unless circumstances require an earlier closure. If the Director requires a contraction of a Concession Facility or Facilities in excess of fifty percent (50%) of the gross square footage, Concessionaire may elect to close that Concession Facility or continue operating it in the reduced space.

CLOSURE OR CONTRACTION. 6.9.1 5.10.1. If at any time during the Term of this Agreement, the Director, in his sole discretion, determines that it is necessary for the efficient operation of the Airport or to accommodate any construction, he may (i) require Concessionaire to close a Concession Facility or Facilities and/or (ii) require Concessionaire to reduce the square footage of a Concession Facility or Facilities. This shall be a continuing right of the Director throughout the Term. If the Director requires Concessionaire to close a Concession Facility or Facilities, Concessionaire shall vacate the Concession Facility or Facilities within ninety (90) 90 days after receipt of a closure notice from the Director unless circumstances require an earlier closure. If the Director requires a contraction of a Concession Facility or Facilities in excess of fifty percent (50%) % of the gross square footage, Concessionaire may elect to close that Concession Facility or continue operating it in the reduced space.. The Parties acknowledge and agree that Terminal D at Airport will be redeveloped and that any Facilities located therein will be closed during the Term of this Agreement.‌