Notice of Intent to Terminate. Except as otherwise provided in this section, a xxxxxx shall provide a wholesaler with at least ninety days prior written notice of any intent to amend, terminate, cancel, or not renew any agreement. The notice must state all the reasons for the intended amendment, termination, cancellation, or nonrenewal. The wholesaler has ninety days after receiving notice in which to rectify any claimed deficiency. If the deficiency is rectified within ninety days of notice, the proposed amendment, termination, cancellation, or nonrenewal is void. The notice provisions of this section do not apply if the reason for the termination, cancellation, or nonrenewal is: 1. The wholesaler's bankruptcy or insolvency. 2. An assignment for the benefit of creditors or similar disposition of the business assets. 3. Revocation of the wholesaler's license. 4. Conviction or a plea of guilty or no contest to a charge of violating a law relating to the business that materially affects the wholesaler's ability to remain in business. No xxxxxx may unreasonably withhold consent to any assignment, transfer, or sale of the wholesaler's business whenever the wholesaler to be substituted meets the material and reasonable qualifications and standards required of the xxxxxx'x wholesalers. No xxxxxx may unreasonably refuse, withhold, or unduly delay its approval of the issuance, sale, or transfer by a corporate beer wholesaler of its capital stock or any other corporate equity or debt security.
Appears in 7 contracts
Samples: Beer Wholesaler and Brewer Agreement, Beer Wholesaler and Brewer Agreement, Beer Wholesaler and Brewer Agreement
