FSU Sample Clauses

FSU. If You Purchased the Product in one of the FSU (Former Soviet Union) countries, then the contracting party to this Agreement, referred to herein as Cyberbit is Cyberbit Ltd. and the governing law of the contract shall be the substantive law of England and Wales without giving effect to its conflict of laws provisions. Any dispute arising out of or in connection with this contract, including any question regarding its existence, validity or termination, shall be referred to and finally resolved by arbitration under the LCIA Rules, which Rules are deemed to be incorporated by reference into this clause. The number of arbitrators shall be one. The seat, or legal place, of arbitration shall be London, England. The language to be used in the arbitral proceedings shall be English.
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FSU. Grantee acknowledges that a material inducement to Grantor to enter into this Grant Agreement and the Development Agreement and consummate the transactions contemplated hereby is the commitment by Grantee to bring FSU to the City to open a branch of the FSU Film School, to offer a new major focused on emerging motion picture media and to relocate the FSU Film School’s Torchlight Program to the City Center Community Redevelopment Area. In the event that FSU should fail to locate these programs in Phase I, Grantee shall use its best efforts to secure an educational tenant, preferably from within the State of Florida, comparable to FSU in enrollment, program and reputation and reasonably acceptable to Grantor, offering a digital-based degree program (“Replacement Educational Tenant”). In the event Grantee is unable to secure a Replacement Educational Tenant, the restriction on transferring the Property set forth in Section 5.6 of the Development Agreement shall be extended from nine (9) years following the issuance of the Certificate of Occupancy for the Phase I Improvements to twenty (20) years following the issuance of the Certificate of Occupancy for the Phase I Improvements. Grantee acknowledges that FSU will, at least initially, only be able to pay a portion of rent for its leased space in the Phase I Improvements; however, Grantee hereby agrees that it shall be responsible, on FSU’s behalf, for the difference between the amount that FSU pays and market rent.
Sample 1

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