Common use of Commitment to the Golf Industry Clause in Contracts

Commitment to the Golf Industry. Immediately after ------------------------------- such consolidation, merger, sale or conveyance, the surviving entity and its Affiliates shall have not less than 20 total golf courses (or less if acceptable to Landlord) under management or lease, which number shall be maintained for not less than three years after the Change of Control.

Appears in 1 contract

Samples: Executive Original (National Golf Properties Inc)

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Commitment to the Golf Industry. Immediately after such ------------------------------- such consolidation, merger, sale or conveyance, the surviving entity and its Affiliates shall have not less than 20 total golf courses (or less if acceptable to Landlord) under management or lease, which number shall be maintained for not less than three years after the Change of Control.

Appears in 1 contract

Samples: Executive Original (National Golf Properties Inc)

Commitment to the Golf Industry. Immediately after ------------------------------- such -------------------------------- consolidation, merger, sale or conveyance, the surviving entity and its Affiliates shall have not less than 20 80 total golf courses (or less if acceptable to Landlord) under management or lease, which number shall be maintained for not less than three years after the Change of Control.

Appears in 1 contract

Samples: Lease (National Golf Properties Inc)

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Commitment to the Golf Industry. Immediately after such ------------------------------- such consolidation, merger, sale or conveyance, the surviving entity and its Affiliates shall have not less than 20 12 total golf courses (or less if acceptable to Landlord) under management or lease, which minimum number shall be maintained for not less than three years after the Change of Control.

Appears in 1 contract

Samples: National Golf Properties Inc

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