Common use of CONCESSIONAIRE’S DEBT Clause in Contracts

CONCESSIONAIRE’S DEBT. If Concessionaire, at any time during the term of this Agreement, incurs a debt, as the word is defined in Section 15-122 of the Houston City Code of Ordinances, it shall immediately notify City Controller in writing. If City Controller becomes aware that Concessionaire has incurred a debt, it shall immediately notify Concessionaire in writing. If Concessionaire does not pay the debt within 30 days of either such notification, City Controller may deduct funds in an amount equal to the debt from any payments owed to Concessionaire under this Agreement, and Concessionaire waives any recourse therefor.

Appears in 3 contracts

Samples: Food and Beverage Concession Agreement, Retail Concession Agreement, Food and Beverage Concession Agreement

AutoNDA by SimpleDocs

CONCESSIONAIRE’S DEBT. 16.33.1. If Concessionaire, at any time during the term of this Agreement, incurs a debt, as the word is defined in Section 15-122 of the Houston City Code of Ordinances, it shall immediately notify City Controller in writing. If City Controller becomes aware that Concessionaire has incurred a debt, it shall immediately notify Concessionaire in writing. If Concessionaire does not pay the debt within 30 days of either such notification, City Controller may deduct funds in an amount equal to the debt from any payments owed to Concessionaire under this Agreement, and Concessionaire waives any recourse therefor.

Appears in 3 contracts

Samples: Food and Beverage Concession Agreement, Food and Beverage Concession Agreement, Food and Beverage Concession Agreement

CONCESSIONAIRE’S DEBT. 17.30.1 If Concessionaire, at any time during the term of this Agreement, incurs a debt, as the word is defined in Section 15-122 of the Houston City Code of Ordinances, it shall immediately notify City Controller in writing. If City Controller becomes aware that Concessionaire has incurred a debt, it shall immediately notify Concessionaire in writing. If Concessionaire does not pay the debt within 30 days of either such notification, City Controller may deduct funds in an amount equal to the debt from any payments owed to Concessionaire under this Agreement, and Concessionaire waives any recourse therefor.

Appears in 3 contracts

Samples: Retail Concession Agreement, Retail Concession Agreement, Retail Concession Agreement

CONCESSIONAIRE’S DEBT. 16.29.1 If Concessionaire, at any time during the term of this Agreement, incurs a debt, as the word is defined in Section 15-122 15‐122 of the Houston City Code of Ordinances, it shall immediately notify City Controller in writing. If City Controller becomes aware that Concessionaire has incurred a debt, it shall immediately notify Concessionaire in writing. If Concessionaire does not pay the debt within 30 days of either such notification, City Controller may deduct funds in an amount equal to the debt from any payments owed to Concessionaire under this Agreement, and Concessionaire waives any recourse therefor.

Appears in 1 contract

Samples: Real Estate Development Agreement

AutoNDA by SimpleDocs

CONCESSIONAIRE’S DEBT. 16.30.1. If Concessionaire, at any time during the term of this Agreement, incurs a debt, as the word is defined in Section 15-122 of the Houston City Code of Ordinances, it shall immediately notify City Controller in writing. If City Controller becomes aware that Concessionaire has incurred a debt, it shall immediately notify Concessionaire in writing. If Concessionaire does not pay the debt within 30 days of either such notification, City Controller may deduct funds in an amount equal to the debt from any payments owed to Concessionaire under this Agreement, and Concessionaire waives any recourse therefor.

Appears in 1 contract

Samples: Retail Concession Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!