Director’s Right to Review/Modify Price Sample Clauses

Director’s Right to Review/Modify Price. In the event that Director notifies Concessionaire that any of said prices are not fair and reasonable, Concessionaire shall have the right to confer with Director and to justify said prices. If, after reasonable conference and consultation, Director shall determine that any of said prices are not fair and reasonable, the same shall be modified by Concessionaire or its Sublessees, assignees, concessionaires, permittees or licensees, as directed. If Concessionaire disagrees with Director’s determination, Concessionaire may submit the issue to arbitration pursuant to Section 25 hereof (as modified by this Section 8.4); if the arbitrator’s determination of the fair and reasonable price for the item(s) in dispute is a price lower than the amount then charged by Concessionaire, then within fifteen (15) days after the arbitrator issues his or her decision, Concessionaire shall pay County an amount equal to the difference between (i) the Gross Receipts collected by Concessionaire in connection with the sale of the item in dispute, during the period beginning upon the date of Director’s determination that said price was not fair and reasonable and expiring upon the date that the price was reduced based on the arbitrator’s decision, and (ii) the Gross Receipts that Concessionaire would have collected in connection with the sale of said item if, during the period described above, it had charged the price that the arbitrator determined was fair and reasonable for said item. In addition, Concessionaire shall reimburse County for any costs incurred by County in connection with its retention of expert witnesses for the arbitration proceeding. The prevailing party in such arbitration shall be entitled to recover reasonable attorneys' fees from the other party. Following the issuance of the arbitrator’s decision, Concessionaire shall not raise the price (as determined by arbitrator) for said item for a period of no less than six (6) months.
Sample 1
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Director’s Right to Review/Modify Price. In the event that Director notifies Concessionaire that any of said prices are not fair and reasonable, Concessionaire shall have the right to confer with Director and to justify said prices. If, after reasonable conference and consultation, Director shall determine that any of said prices are not fair and reasonable, the same shall be modified by Concessionaire or its Sublessees, assignees, concessionaires, permittees or licensees, as directed. If Concessionaire disagrees with Director's determination, Concessionaire may submit the issue to arbitration pursuant to Section 16.15 hereof (as modified by this Section 6.4); if the arbitrator's determination of the fair and reasonable price for the item(s) in dispute is a price lower than the amount then charged by Concessionaire, then within fifteen (15) days after the arbitrator issues his or her decision, Concessionaire shall pay County an amount equal to the difference between (i) the Gross Receipts collected by Concessionaire in connection with the sale of
Sample 1

Related to Director’s Right to Review/Modify Price

  • Right to Review After receiving written notice of the denial of a claim, a claimant or his representative shall be entitled to:

  • Right to Review Tax Returns Upon request, each party shall make available to the other party the portion of Pre-Separation Period Tax Returns that relates to the ALC Group that the first party is responsible for preparing under this Article III.

  • Holder’s Right to Receive Notice Nothing herein shall be construed as conferring upon the Holders the right to vote or consent or to receive notice as a shareholder for the election of directors or any other matter, or as having any rights whatsoever as a shareholder of the Company. If, however, at any time prior to the expiration of the Purchase Warrants and their exercise, any of the events described in Section 8.2 shall occur, then, in one or more of said events, the Company shall give written notice of such event at least fifteen days prior to the date fixed as a record date or the date of closing the transfer books for the determination of the shareholders entitled to such dividend, distribution, conversion or exchange of securities or subscription rights, or entitled to vote on such proposed dissolution, liquidation, winding up or sale. Such notice shall specify such record date or the date of the closing of the transfer books, as the case may be. Notwithstanding the foregoing, the Company shall deliver to each Holder a copy of each notice given to the other shareholders of the Company at the same time and in the same manner that such notice is given to the shareholders.

  • Lessor’s Right to Inspect Lessee shall permit Lessor and its authorized representatives as frequently as reasonably requested by Lessor to inspect the Leased Property and Lessee’s accounts and records pertaining thereto and make copies thereof, during usual business hours upon reasonable advance Notice, subject only to any business confidentiality requirements reasonably requested by Lessee.

  • Company Not to Diminish Benefits of Rights The Company covenants and agrees that after the earlier of the Shares Acquisition Date or Distribution Date it will not, except as permitted by Section 23, Section 26 or Section 27, take (or permit any Subsidiary to take) any action if at the time such action is taken it is reasonably foreseeable that such action will substantially diminish or otherwise eliminate the benefits intended to be afforded by the Rights.

  • Waiver of Notice; Subrogation (a) Each Guarantor hereby waives to the extent permitted by law notice of the following events or occurrences: (i) acceptance of this Guaranty Agreement; (ii) the Lenders’ heretofore, now or from time to time hereafter making Loans and issuing Letters of Credit and otherwise loaning monies or giving or extending credit to or for the benefit of any Borrower or any other Loan Party, or otherwise entering into arrangements with any Loan Party giving rise to Guaranteed Liabilities, whether pursuant to the Credit Agreement or the Notes or any other Loan Document or Related Agreement or any amendments, modifications, or supplements thereto, or replacements or extensions thereof; (iii) presentment, demand, default, non-payment, partial payment and protest; and (iv) any other event, condition, or occurrence described in Section 3 hereof. Each Guarantor agrees that each Secured Party may heretofore, now or at any time hereafter do any or all of the foregoing in such manner, upon such terms and at such times as each Secured Party, in its sole and absolute discretion, deems advisable, without in any way or respect impairing, affecting, reducing or releasing such Guarantor from its Guarantor’s Obligations, and each Guarantor hereby consents to each and all of the foregoing events or occurrences.

  • Unconditional Right of Holders to Receive Payment Notwithstanding any other provision in this Indenture and any other provision of any Note, the right of any Holder of any Note to receive payment of the principal of, premium, if any, and interest on such Note on or after the respective Stated Maturities (or the respective Redemption Dates, in the case of redemption) expressed in such Note, or after such respective dates, shall not be impaired or affected without the consent of such Holder. ARTICLE SIX

  • Company’s Right to Terminate Notwithstanding the provisions of Section 3.1, Company shall have the right to terminate Executive’s employment under this Agreement at any time for any of the following reasons:

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