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NEW OWNER Sample Clauses

NEW OWNERIn the event of bona fide sale or transfer of any store covered by this Agreement during the period hereof, the new owner or such transferee shall be notified of the existence of this Agreement. The former owner shall be required to meet any and all monetary benefits that employees have accumulated under this Agreement, but, except as provided in this Section, shall have no further or other obligations whatsoever, notwithstanding any other provision to the contrary in this Agreement.
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NEW OWNER. This Agreement shall be binding upon the successors and assigns of the parties hereto. In the event of a bona fide sale or transfer of any store covered by this Agreement during the period hereof, the new owner or such transferee shall be notified of the obligation of this Agreement and be required to become a party hereto. In the event of a bona fide sale or transfer of thirty percent (30%) or more of the stores in Southern California within a period of three (3) months, the new owners or such transferee shall be notified of the obligation of this Agreement and be required to become a party hereto. In the event of a bona fide sale or transfer of less than thirty percent (30%) of the stores in Southern California within a period of three (3) months, the new owners or such transferee shall not be required to become a party hereto. The former owner shall be required to meet any and all monetary benefits that employees have accumulated under this Agreement.
NEW OWNERIn the event of bona fide sale or transfer of any pharmacy covered by this Agreement during the period hereof, the new owner or such transferee shall be notified of the existence of this Agreement. The former owner shall be required to meet any and all monetary benefits that employees have accumulated under this Agreement, but, except as provided in this Section, shall have no further or other obligations whatsoever, notwithstanding any other provision to the contrary in this Agreement.
NEW OWNERThis Agreement shall be binding upon the successors and assigns of the parties hereto. In the event of bona fide sale or transfer of thirty percent (30%) or more of the stores in Southern California, within a period of three (3) months, the new owner or such transferee shall be notified of the obligation of this Agreement and be required to become a party hereto. The former owner shall be required to meet any and all monetary benefits that employees have accumulated under this Agreement.
NEW OWNER. This Agreement shall be binding upon the successors and assigns of the parties hereto. In the event of bona fide sale or transfer of Employer’s business covered by this Agreement during the period hereof, the successor or such transferee shall be notified of the obligation of this Agreement and be re­ quired to become a party hereto.
NEW OWNER. If You sell Your Vehicle during the Period of Cover, You may transfer the benefits of this S.C.I to the new owner of Your Vehicle, provided that You sell Your Vehicle privately and not through a garage, motor trader, auctioneers or similar company. The transfer will be subject to a £35 administration fee. The transfer will be subject to the Administrator’s approval and the fee will be returned in the event of non-acceptance.
NEW OWNER. If Landlord shall sell, assign, or convey its right, title and interest in premises to another (called herein, "new owner"), this Lease shall continue in full force and effect; Tenant shall in all respects recognize the new owner as its Landlord under this Lease, paying all rents and complying with all terms of this Lease. In such event, Landlord shall turn over Tenant's security deposit, if any, to the new owner. Landlord's liability to return same to Tenant shall then cease, and the new owner shall then be obligated to return the security deposit to Tenant subject to the terms and conditions of this
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NEW OWNER. Provided no Event of Default by Tenant under the Lease has occurred and is continuing, New Owner shall not terminate or disturb Tenant’s use, possession or enjoyment of the Premises under the Lease, nor will the leasehold estate of Tenant be affected or Tenant’s rights under the Lease be impaired, and New Owner shall assume and be bound by all of the obligations of Landlord under the Lease, subject to the terms and conditions of this Agreement, except that New Owner: (a) will not be bound by any provision of the Lease restricting the use of any properties owned by New Owner, other than the Land and the Premises; (b) will not be bound by any amendment or modification of the Lease that changes any material term of the Lease, operates to shorten the term of the Lease or reduces the rents payable thereunder, unless consented to in writing by Bank; (c) will not be liable for any act, omission, or breach by any landlord under the Lease which occurs prior to the date New Owner acquires title to and possession of the Land and the Premises, nor subject to any right of set-off or defense which Tenant may have against any prior landlord; except for any right of set-off that Tenant is entitled to take or receive as expressed in the Lease upon the happening of any event, even if such event occurs prior to New Owner’s succession to Landlord’s interest in the Lease; provided, however, that in no event shall all such set-offs claimed by Tenant exceed an aggregate of six (6) months of Rent under the Lease at the then-applicable rate. (d) will not be liable for the return of any security deposit given by Tenant to Landlord except to the extent actually received by New Owner; (e) will not be liable under any covenant or warranty in the Lease with regard to the construction of improvements on the Land and/or the Premises, nor for any delays in completion of construction, nor for any implied warranty relating to the construction on the Land and/or the Premises; (f) will, upon any sale or other transfer by New Owner of its interest in the Land and the Premises, automatically be released and discharged from all liability thereafter accruing under the Lease; and (g) will not be bound by any provision in the Lease relating to Tenant's options to expand the Premises to include additional rentable area, and nor will New Owner's refusal to be bound by such provisions or to fulfill the obligations created thereunder, constitute an Event of Default, serve as grounds for Tenant to termi...
NEW OWNER. This Agreement shall be bind­ ing upon the successors and assigns of the parties hereto. During the life of this Agreement, the em­ ployee benefits provided for herein shall not be affected by the sale or transfer of the business provid­ ing the employee, or employees, are retained in em­ ployment by the new Employer for a period of more than sixty (60) days.
NEW OWNER. [ ] Once the above process is complete and upon request by the buyer and the approval of the District, Cal Water will install a water meter on the buyer’s property. The buyer will bare all associated costs.
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