Common use of Maintenance of the Team and the Franchise Clause in Contracts

Maintenance of the Team and the Franchise. (a) During the Non-Relocation Term, the Bills shall: (i) keep and maintain the Team and the Franchise as a validly existing and participating NFL Team in good standing, in each case, under NFL Rules and Regulations; (ii) keep and maintain the Franchise as a validly existing and participating NFL Team in good standing, in each case, under NFL Rules and Regulations; (iii) except as otherwise provided in Sections 2(a) through 2(d) above and/or in the Stadium Lease, keep and maintain the Stadium in accordance with the terms of the Stadium Lease as the facility designated to and by the NFL as the home facility for the Team; (iv) except as otherwise provided in Sections 2(a) through 2(d) above and/or in the Stadium Lease, continuously operate the Team at the Stadium in accordance with the NFL Rules and Regulations; and (v) maintain its principal place of business in the State as a domestic or duly qualified foreign business in good standing under all Applicable Law. (b) Subject to the provisions of Sections 2(a) through 2(d) above, except as otherwise set forth herein, during the Non-Relocation Term, without the prior written consent of the County and ECSC, which consent shall be within the sole and absolute discretion of each of the County and ECSC, the Bills shall not: (i) apply to the NFL for, or otherwise seek, approval to allow the Team to play any Games during the Non-Relocation Term anywhere other than the Stadium; (ii) relocate, transfer or otherwise move the Team (or attempt to relocate, transfer or otherwise move the Team except as permitted by clause (iv) of this paragraph) to a location other than the Stadium; (iii) sell, assign or otherwise transfer the Team to any Person who, to the Bills’ knowledge, has an intention to relocate, transfer or otherwise move the Team during the Non- Relocation Term to a location other than the Stadium; (iv) (A) entertain any offer or proposal to relocate the Team to a location other than the Stadium, (B) solicit an offer or proposal from any Person to enter into discussions regarding moving the Team to a location other than the Stadium,

Appears in 2 contracts

Samples: Non Relocation Agreement, Non Relocation Agreement

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Maintenance of the Team and the Franchise. (a) During the Non-Relocation Term, the Bills shall: (i) keep and maintain the Team and the Franchise as a validly existing and participating NFL Team in good standing, in each case, under NFL Rules and Regulations; (ii) keep and maintain the Franchise as a validly existing and participating NFL Team in good standing, in each case, under NFL Rules and Regulations; (iii) except as otherwise provided in Sections 2(a) through 2(d) above and/or in the Stadium Lease, keep and maintain the Stadium in accordance with the terms of the Stadium Lease as the facility designated to and by the NFL as the home facility for the Team; (iv) except as otherwise provided in Sections 2(a) through 2(d) above and/or in the Stadium LeaseSection 2(b), continuously operate the Team at the Stadium in accordance with the NFL Rules and Regulations; and (v) maintain its principal place of business in the State of New York as a domestic or duly qualified foreign business in good standing under all Applicable Law. (b) Subject to the provisions of Sections 2(a) through 2(d) above, except as otherwise set forth hereinSection 2(b), during the Non-Relocation Term, without the prior written consent of the County and the ECSC, which consent shall be within the sole and absolute discretion of each of the County and the ECSC, the Bills shall not: (i) apply to the NFL for, or otherwise seek, approval to allow the Team to play any Games during the Non-Relocation Term anywhere other than the Stadium; (ii) relocate, transfer or otherwise move the Team (or attempt to relocate, transfer or otherwise move the Team except as permitted by clause (iv) of this paragraph) to a location other than the Stadium; (iii) sell, assign or otherwise transfer the Team to any Person who, to the Bills’ knowledge, has an intention to relocate, transfer or otherwise move the Team during the Non- Relocation Term to a location other than the Stadium; (iv) (A) entertain any offer or proposal to relocate the Team to a location other than the Stadium, (B) solicit an offer or proposal from any Person to enter into discussions regarding moving the Team to a location other than the Stadium,, (C) enter into (A) complete a transfer, assignment or surrender of the Franchise that results in the Team playing any of its Games outside of the Stadium in violation of Section 2(a), or (B) complete a transfer, assignment or surrender of the Franchise that results in the Team not playing any Games; or (vi) enter into any contract or agreement to sell, assign or otherwise transfer the Team to any Person who, to the Bills’ knowledge, intends to relocate, transfer or otherwise move the Team during the Non-Relocation Term to a location other than the Stadium.

Appears in 1 contract

Samples: Non Relocation Agreement

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Maintenance of the Team and the Franchise. (a) During the Non-Relocation Term, the Bills Titans shall: (i) keep and maintain the Team and the Franchise as a validly existing and participating NFL Team in good standing, in each case, standing under NFL Rules and Regulations; (ii) keep and maintain the Franchise as a validly existing and participating NFL Team in good standing, in each case, franchise under NFL Rules and Regulations; (iii) except as otherwise provided in Sections 2(a) through 2(d) Section 2 above and/or in the Stadium Lease, keep and maintain the Stadium in accordance with the terms of the Stadium Lease as the facility designated to and by the NFL as the home facility for the Team; and (iv) except maintain, for a term beginning on the Commencement Date (as otherwise provided in Sections 2(a) through 2(d) above and/or defined in the Stadium Lease, continuously operate ) and ending on the Team at twentieth (20th) anniversary thereof (or on the earlier termination or expiration of the Stadium in accordance with Lease), the NFL Rules Team’s headquarters and Regulations; and (v) maintain its principal place practice facilities within the geographic area of business in the State as a domestic or duly qualified foreign business in good standing under all Applicable LawMetropolitan Government. (b) Subject to the provisions of Sections 2(a) through 2(d) Section 2 above, except as otherwise set forth herein, during the Non-Relocation Term, without the prior written consent of the County and ECSC, which consent shall be within the sole and absolute discretion of each of the County and ECSC, the Bills Titans shall not: (i) apply to the NFL for, or otherwise seek, NFL approval to allow the Team to play any Team Games during the Non-Relocation Term anywhere other than the Stadium; (ii) relocate, transfer or otherwise move the Team (or attempt to relocate, transfer or otherwise move the Team except as permitted by clause (iv) of this paragraph) to a location other than the Stadium; (iii) enter into any contract or agreement to sell, assign or otherwise transfer the Team to any Person who, to the BillsTitans’ knowledge, has an intention intends to relocate, transfer or otherwise move the Team during the Non- Non-Relocation Term to a location other than the Stadium; (iv) (Aiv)(A) entertain any offer or proposal to relocate the Team to a location other than the Stadium, (B) solicit an offer or proposal from any Person to enter into discussions regarding moving the Team to a location other than the Stadium,

Appears in 1 contract

Samples: Non Relocation Agreement

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