Congress Facility Clause Samples
The "Congress Facility" clause defines the obligations and arrangements related to providing facilities and services for a congress, conference, or similar event. Typically, this clause outlines the venue's responsibilities, such as supplying meeting rooms, audio-visual equipment, catering, and support staff, as well as the terms for access and use by the event organizer. Its core practical function is to ensure that both parties have a clear understanding of what facilities and services will be provided, thereby minimizing misunderstandings and ensuring the smooth operation of the event.
Congress Facility. H/C I Owner and SECC Owner each covenant in favor of the other as follows:
(a) The Parties hereto acknowledge that a portion of the Venetian (hereinafter referred to as the "CONGRESS FACILITY") and the SECC share a building wall (the "SECC PARTY WALL"). The Congress Facility and the approximate location of the SECC Party Wall are depicted on EXHIBIT T attached hereto and made a part hereof.
(b) H/C I Owner and SECC Owner shall each have the right to use its side of the SECC Party Wall without any restriction on such use, except that such use shall not interfere with the use by the other Party of the SECC Party Wall in any material respect or deprive the other Party of any structural or other support now or in the future intended to be provided by the SECC Party Wall. Notwithstanding anything to the contrary contained herein, nothing contained in this Section 2(b) shall prohibit or restrict, or shall be deemed to prohibit or restrict, SECC Owner from using, maintaining and operating the SECC (and SECC Owner's business at the SECC) as used, maintained and operated as of the date hereof.
(c) SECC Owner shall maintain, keep in good repair (including structural repairs) and restore, at its sole expense, the SECC Party Wall. H/C I Owner, promptly upon demand therefor, will reimburse SECC Owner for its equitable share of the cost thereof. If SECC Owner shall fail to perform its obligations under this Section 2(c), H/C I Owner shall be entitled to the self-help, reimbursement and lien rights set forth in Sections 10(a) and 10(b) of Article XIV.
Congress Facility. On or before the Effective Date, (i) all conditions precedent to the effectiveness of the Congress Facility Agreement shall have occurred or been waived by the applicable party, (ii) Congress Financial shall have funded the loans pursuant thereto, and (iii) the Agent shall have received a duly executed copy of the Congress Facility Agreement which shall be in form and substance satisfactory to the Agent and the Majority Term Lenders.
Congress Facility. The credit agreement governing the Congress Facility shall be executed and delivered by the parties thereto.
Congress Facility. The Congress Canada Credit Agreement and the Congress U.S. Credit Agreement each in form and substance satisfactory to the General Administrative Agent in its sole discretion, shall be executed and delivered by the parties thereto, the General Administrative Agent shall have received executed counterparts of the Congress Credit Agreements from each party thereto.
Congress Facility. On or before 8:00 p.m., New York City time, on April 26, 2002, either (a) the Company and Congress Financial Corporation (Western), Sensory Science Corporation and California Audio Labs, LLC shall have entered into Amendment Number Eight to the Second Amended and Restated Loan and Security Agreement dated as of August 19, 1998 (the "Congress Facility"), in a form reasonably satisfactory to the Buyers, or (b) the Company shall have delivered evidence, in a form reasonably satisfactory to the Buyers, that the Congress Facility has been terminated and that all obligations under the Congress Facility have been paid in full.