Common use of Opening Date Clause in Contracts

Opening Date. The Lessee shall open the business for trading on the opening date as defined in clause 3 hereof. Should the Lessee fail to open, a penalty of R5,000.00 (Five Thousand Rand) shall be imposed for each day that the lessee fails to open and trade, in a bona-fide manner.

Opening Date. The Lessee shall open the business for trading on the opening commencement date as defined in clause Clause 3 hereof. Should the Lessee fail to open, a penalty of R5,000.00 R5 000-00 (Five Thousand Rand) (excluding VAT) including damages shall be imposed for each day that the lessee Lessee fails to open and trade, in a bona-fide mannermanner of good faith.