ITEMS USED BY UNITS Sample Clauses

ITEMS USED BY UNITS. Master Licensee shall be responsible for ------------------- purchasing or procuring sources for fixtures, furniture, equipment, amenities, supplies and materials necessary for use by Units. Company may, to the extent feasible, assist Master Licensee in purchasing or procuring items appropriate for use in the Territory from sources of supply located in the U.S. Company may prescribe minimum product standards for fixtures, furniture, equipment, amenities, supplies or materials for use in the Territory. Company shall consider local factors and con ditions in prescribing such standards. Master Licensee shall only recommend reputable suppliers (which may include Company, Master Licensee or Affiliates) for fixtures, furniture, equipment, amenities, supplies and materials to Franchisees; provided that Master Licensee and its Affiliates shall -------- not be the sole approved supplier available to Franchisees for such items unless the terms of sale and prices for goods and services are competitive with the terms offered to licensees of other hotel chains in the Territory for similar goods and services. If Master Licensee or any Affiliate is an approved supplier, Master Licensee shall maintain in force, at its sole expense, adequate product liability and other insurance in connection with such distribution activities in accordance with the terms of Article 8 of this Agreement.
Sample 1
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ITEMS USED BY UNITS. Master Licensee shall be responsible for purchasing or procuring sources for fixtures, furniture, equipment, amenities, supplies and materials necessary for use by Units. Company will, to the extent feasible, assist Master Licensee in purchasing or procuring items appropriate for use in the Territory from sources of supply located in the U.S. who are known to Company to have the means of delivering goods or items to Territory. Company may prescribe minimum product standards for fixtures, furniture, equipment, amenities, supplies or materials for use in the Territory. Company shall consider local factors and conditions in prescribing such standards, and impediments to implementation arising from cultural factors and translation requirements in the Territory. Master Licensee shall only recommend reputable suppliers (which may include Company, Master Licensee or Affiliates) for fixtures, furniture, equipment, amenities, supplies and materials to Franchisees; provided that Master Licensee and its Affiliates shall not be the sole approved supplier available to Franchisees for such items unless the terms of sale and prices for goods and services are competitive with the terms offered to licensees of other hotel chains in the Territory for similar goods and services. If Master Licensee or any Affiliate is an approved supplier, Master Licensee shall maintain in force, at its sole expense, adequate product liability and other insurance in connection with such distribution activities in accordance with the terms of Article 8 of this Agreement.
Sample 1

Related to ITEMS USED BY UNITS

  • Transfer or Other Change Pertaining to Fund Shares On receipt of instructions or forms acceptable to the Transfer Agent to transfer the shares to the name of a new owner, change the name or address of the present owner or take other legal action, the Transfer Agent will take such action as is requested.

  • Commission Shares other than Omnibus Shares (a) Commission Shares that are not Omnibus Shares (“Non-Omnibus Commission Shares”) attributed to the Distributor shall be those Non-Omnibus Commission Shares (i) the Date of Original Issuance of which occurred on or after the Inception Date of the applicable Fund and on or prior to the date the Distributor ceased to be exclusive distributor of Class C shares of the Fund and (ii) that are subject to a CDSC (without regard to any conditions for waivers thereof).

  • Restrictions Imposed by the Act The securities evidenced by this Purchase Option shall not be transferred unless and until (i) the Company has received the opinion of counsel for the Holder that the securities may be transferred pursuant to an exemption from registration under the Act and applicable state securities laws, the availability of which is established to the reasonable satisfaction of the Company (the Company hereby agreeing that the opinion of Xxxxxxxx Xxxxxx shall be deemed satisfactory evidence of the availability of an exemption), or (ii) a registration statement or a post-effective amendment to the Registration Statement relating to such securities has been filed by the Company and declared effective by the Securities and Exchange Commission (the “Commission”) and compliance with applicable state securities law has been established.

  • Special Provisions Relating to the Holders of Subordinated Units (a) Except with respect to the right to vote on or approve matters requiring the vote or approval of a percentage of the holders of Outstanding Common Units and the right to participate in allocations of income, gain, loss and deduction and distributions made with respect to Common Units, the holder of a Subordinated Unit shall have all of the rights and obligations of a Unitholder holding Common Units hereunder; provided, however, that immediately upon the conversion of Subordinated Units into Common Units pursuant to Section 5.8, the Unitholder holding a Subordinated Unit shall possess all of the rights and obligations of a Unitholder holding Common Units hereunder, including the right to vote as a Common Unitholder and the right to participate in allocations of income, gain, loss and deduction and distributions made with respect to Common Units; provided, however, that such converted Subordinated Units shall remain subject to the provisions of Sections 5.5(c)(ii), 6.1(d)(x) and 6.7(b).

  • Recapitalization, Exchanges, etc. Affecting the Common Units The provisions of this Agreement shall apply to the full extent set forth herein with respect to any and all units of the Partnership or any successor or assign of the Partnership (whether by merger, consolidation, sale of assets or otherwise) that may be issued in respect of, in exchange for or in substitution of, the Registrable Securities, and shall be appropriately adjusted for combinations, unit splits, recapitalizations, pro rata distributions of units and the like occurring after the date of this Agreement.

  • Distributions Payable in Shares In the event that the Board of the Investment Company shall declare a distribution payable in Shares, the Investment Company shall deliver to FTIS written notice of such declaration signed on behalf of the Investment Company by an officer thereof, upon which FTIS shall be entitled to rely for all purposes, certifying (i) the number of Shares involved, and (ii) that all appropriate action has been taken to effect such distribution.

  • OTHER PROVISIONS RELATING TO RIGHTS OF HOLDERS OF WARRANT CERTIFICATES

  • Special Provisions Relating to the Holders of Incentive Distribution Rights Notwithstanding anything to the contrary set forth in this Agreement, the holders of the Incentive Distribution Rights (a) shall (i) possess the rights and obligations provided in this Agreement with respect to a Limited Partner pursuant to Articles III and VII and (ii) have a Capital Account as a Partner pursuant to Section 5.5 and all other provisions related thereto and (b) shall not (i) be entitled to vote on any matters requiring the approval or vote of the holders of Outstanding Units, (ii) be entitled to any distributions other than as provided in Sections 6.4(a)(v), (vi) and (vii), 6.4(b)(iii), (iv) and (v), and 12.4 or (iii) be allocated items of income, gain, loss or deduction other than as specified in this Article VI.

  • Broker’s, Finder’s or Similar Fees There are no brokerage commissions, finder’s fees or similar fees or commissions payable by the Company in connection with the transactions contemplated hereby based on any agreement, arrangement or understanding with the Company or any action taken by the Company.

  • Other Provisions Relating to Rights of Holders of Warrants 7.1 No Rights as Stockholder. A Warrant does not entitle the Registered Holder thereof to any of the rights of a stockholder of the Company, including, without limitation, the right to receive dividends, or other distributions, exercise any preemptive rights to vote or to consent or to receive notice as stockholders in respect of the meetings of stockholders or the election of directors of the Company or any other matter.

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