Liquor License. All licenses, permits, approvals and consents which are required for the sale and service of alcoholic beverages on the Premises have been obtained from the applicable Governmental Authorities.
Liquor License. If required by the Franchisor, the Manager or an Affiliate thereof approved by Buyer, shall have or shall have obtained all liquor licenses and alcoholic beverage licenses or banquet licenses, as appropriate and necessary or desirable to operate any restaurants, bars and lounges to be located within the Hotel (collectively, the “Liquor Licenses”) and, in the case of an Affiliate of the Manager, the Hotel shall have the right to use such Liquor License, (ii) if permitted under the laws of the jurisdiction in which the Hotel is located, to the extent practicable the Manager shall execute and file any and all necessary forms, applications and other documents (and Seller and Buyer shall cooperate with the Manager in filing such forms, applications and other documents) with the appropriate liquor and alcoholic beverage authorities prior to Closing so that the Liquor Licenses remain in full force and effect upon completion of Closing.
Liquor License. Seller will cooperate in all reasonable respects (which shall include, without limitation, supplying information known to Seller and execution of such documents as may be legally required) with Buyer in connection with the application for a new liquor license by Buyer (the “Liquor Application”) to the extent reasonably necessary. Buyer shall diligently and in good faith proceed with the Liquor Application. If prior to the Closing Buyer is unable to obtain a new liquor license or a temporary permit to operate pending issuance of a new liquor license or to receive assurances that it can continue to use the existing liquor license following the Closing, then, Seller shall, at no expense to Seller, provide reasonable assistance to Buyer in negotiating an interim arrangement (the “Interim Arrangement”) whereby Seller shall assist in the operation of the liquor concessions at the Hotel on behalf of Buyer pending the issuance of the liquor license or a temporary permit to operate to Buyer. In such event, Buyer shall indemnify, defend and hold Seller harmless from and against any and all claims, liabilities, costs and expenses (including, without limitation, reasonable attorneys’ fees and costs) arising in connection with such operation and provide such insurance coverage against any and all liability relating to operation of the liquor concessions at the Hotel as Seller may reasonably require.
Liquor License. Prior to the Closing, the Buyer shall make and prosecute an application for the issuance of new liquor licenses in favor of the Buyer (or if required by applicable law, its manager) necessary to operate the restaurants, bars and lounges presently located within the Property. To that end, the Seller and the Buyer shall (and if necessary, Seller shall cause the Manager to) cooperate with each other, and each shall promptly execute such license applications and other documents as required by the liquor licensing authorities in order to effect such issuance at the earliest date possible consistent with the laws of the State in which the Land is located in order that the Liquor License may be issued at the earliest possible time. If allowed under the laws of such State, if the Liquor License cannot be issued until after the Closing, the Seller will reasonably cooperate with the Buyer, at the Buyer’s sole cost and expense, in keeping open the bars and lounges and liquor facilities of the Hotel between the Closing Date and the time when the Liquor License issuance actually becomes effective, by exercising management and supervision of such facilities under the existing Liquor License, which may include entering into interim lease agreements and/or management agreements in form and content reasonably acceptable to both the Buyer and the Seller; provided, however that (i) the Buyer shall indemnify and hold the Seller (and, if applicable, the Manager) harmless from any liability, damages or claims incurred in connection with such operations during said period of time (excluding, however, any such liability, damage or claim based on the Seller’s and/or, if applicable, the Manager’s violation of applicable law, willful misconduct or gross negligence), and the Buyer shall procure and pay for dram shop liability insurance naming the Buyer and the Seller (and, if applicable, the Manager) as insured parties thereunder, and (ii) the obligation of the Seller to cooperate and keep open the liquor facilities of the Hotel shall terminate on the earlier of sixty (60) days after the Closing or when the Buyer obtains its Liquor License. The provisions of this SECTION 3.5 shall survive the Closing.
Liquor License. There shall be valid liquor licenses, alcoholic -------------- beverage licenses and other permits and Authorizations necessary to operate the restaurant, bars (including mini-bars) and lounges presently located in the Hotel in place and all such liquor licenses, alcoholic beverage licenses and other permits and Authorizations shall be held in the names of the operators of such businesses. Crow shall use reasonable and diligent efforts to cause the holders of such licenses to execute such consents and estoppels as reasonably required by Patriot's lender.
Liquor License. The grant of the rights which are the subject of this Agreement is expressly conditioned upon the ability of the Franchisee to obtain and maintain any and all required state and/or local licenses permitting the sale of liquor by the drink on the Restaurant premises, and Franchisee agrees to use its best efforts to obtain such licenses. In the event Franchisee fails, after a good faith effort, to obtain any and all such required liquor licenses prior to the date on which the Restaurant is otherwise ready to open for business, then, at the option of the Franchisor, this Agreement may be terminated forthwith by Franchisor upon written notice to Franchisee, in which event, Franchisor shall refund to Franchisee, without interest, the initial franchise fee payment referred to in Subsection 9.1, less any expenses incurred and damages sustained by Franchisor in connection with its performance hereunder prior to the date of such termination. After obtaining the necessary state or local liquor licenses, Franchisee shall thereafter comply with all applicable laws and regulations relating to the sale of liquor on the Restaurant premises. If, during any twelve (12) month period during the term of this Agreement, Franchisee is prohibited for any reason from selling liquor on the Restaurant premises for more than thirty (30) days because of a violation or violations of state or local liquor laws, then at the option of Franchisor this Agreement may be terminated forthwith by Franchisor upon written notice to Franchisee.
Liquor License. “Liquor License” means any government license, permit or other authorization for the Liquor Operations.
Liquor License. Seller currently holds the Liquor -------------- License for the Hotel and if, in compliance with all applicable laws, statutes, rules, regulations and ordinances, Seller may continue to hold such Liquor License following the Closing, Seller shall maintain the Liquor License and Purchaser shall not interfere with the maintenance of the Liquor License. If Seller may not continue to hold a Liquor License for the Property following the Closing or if the existing Liquor License needs to be revised to reflect the Purchaser as owner of the Property, then Seller shall apply for a new or modified Liquor License or, if advised by local counsel to be required under local laws, regulations or orders, Purchaser or its designee shall apply for a liquor license for the Hotel, at Seller's sole cost and expense, promptly after Closing. Seller and Purchaser shall cooperate to obtain a liquor license for the Hotel or modifications to the existing Liquor License or to maintain the existing Liquor License in effect. Until such time as such new or modified liquor license is obtained, Seller shall take all steps reasonably necessary to enable the current Liquor License to be used by the Hotel and to permit the uninterrupted sale and service of alcoholic beverages at the Hotel. The provisions of this Section 11.1 shall survive the Closing. ------------
Liquor License. The determination to obtain those licenses, consents or other approvals required by the Georgia Department of Revenue Alcohol & Tobacco Tax Division (the “GDR”) or required by the City of Xxxxx Spring or otherwise that may be necessary for the Company to obtain a liquor license or direct that a liquor license be obtained at the Hotel (the “Liquor Licenses”) shall be a Major Decision; provided, however, CWI may elect at any time to cause the Company to apply for the Liquor Licenses by taking any and all actions and filing all necessary applications and/or disclosure forms or other information required by the GDR or the City of Xxxxx Spring in connection with obtaining any of the Liquor Licenses; provided, further, if (i) the application and/or disclosure process is impossible or creates an unreasonable and/or impractical burden on the Members or their respective constituent members, partners, shareholders or other direct and indirect owners thereof (including, without limitation, requiring disclosures or applications from any Person having a direct interest in the REIT and/or any executives or board members of CWI); or (ii) the Company is unable to obtain or subsequently loses any Liquor Licenses, which in any case arises because of a Member’s or its Affiliate’s inability to obtain qualification or the necessary licenses, consents or other approvals required by the GDR, then in either event, the Members may elect to (A) abstain from acquiring the Liquor License; or (B) form a wholly owned subsidiary or other affiliated ownership structure controlled by one or more of the Members or their respective Affiliates (“LiquorCo”) that will apply for and hold the Liquor License(s) in lieu of the Company. In the event that the Members approve the formation of LiquorCo pursuant to clause (ii) of the prior sentence, the Company will enter into an agreement with LiquorCo that will permit the sale of liquor at the Hotel, to the extent legally permissible and on terms and conditions reasonably acceptable to the Members.
Liquor License. Borrower has provided Lender with a true and complete copy of the liquor license with respect to the Property. Said liquor license is in full force and effect and free of all liens and encumbrances. To the Knowledge of Borrower, Borrower is in compliance with all terms and conditions of said liquor license.
