OPERATIVE FACTS Sample Clauses

OPERATIVE FACTS. Port and Concessionaire entered into a Terminal Automobile Parking Concessions Agreement effective February 1, 2019 that was later amended on May 5, 2020, hereinafter referred to as “Agreement”. Because of the business and travel interruptions resulting from the COVID-19 pandemic, Concessionaire’s business has been adversely impacted. One of the fundamental purposes of the Port is the encouragement of economic activity and business development. The Port has reviewed the financial conditions and is aware of the decrease in airline enplanements and deplanements which has substantially reduced the Concessionaire’s revenue and has determined that a deferral of Minimum Annual Guarantee and contract rent aligned with its public purpose, especially considering this unusual circumstance.

OPERATIVE FACTS. This Agreement (hereafter referred to as the "Lease") is made with respect to the following salient facts and definitions:

OPERATIVE FACTS. This Lease is made with respect to the following facts and definitions: 1.1. Date of Lease: October 20, 1989.

OPERATIVE FACTS. 25 1. In September 2014, plaintiffs purchased a used vehicle for personal, family or 26 household purposes from a car dealership in Inglewood, California pursuant to a conditional sale 27 contract, as defined and regulated by the Xxxx-Xxxxxxxx Automobile Sales Finance Act, Cal. Civ. 28 Code §§ 2981, et seq. (“Xxxx-Xxxxxxxx Act”). The dealership assigned plaintiffs’ contract to ACA. 1 2. On or about August 29, 2019, ACA repossessed plaintiffs’ vehicle based on an 2 alleged payment default under their contract. On September 5, 2019, ACA, from its headquarters 3 in South Carolina, mailed a Notice of Intention to Dispose of Motor Vehicle (“Statutory Notice”) 4 to plaintiffs, a copy of which is attached hereto as Exhibit 1. 5 3. The Xxxx-Xxxxxxxx Act imposes mandatory and strict requirements upon holders of 6 contracts, such as ACA, following repossession or voluntary surrender of vehicles. In particular, 7 the Xxxx-Xxxxxxxx Act requires holders to issue a detailed written notice of intention to dispose of

OPERATIVE FACTS. A. On June 29, 2001, the Board of Directors of PTP hired Sullivan as the President of PTP, and on the same date Sullivan and PTX xxxxxxd into an Executive Employment Agreement (the "XXXXXXXXNT AGREEMENT"); B. On June 29, 2001, PTP executed a Term Note for the benefit of Sullivan, in the original principal amount of $339,870.29 (the "TERM NXXX"); C. On June 29, 2001, PTP, Sullivan and Nextgen entered into a Reorganization Agreement and Plan xx Xxxxxr (the "MERGER AGREEMENT"), and an Escrow Agreement (the "ESCROW AGREEMENT"), Voting Agreement (the "VOTING AGREEMENT"), and Registration Rights Agreement (the "REGISTRATION RIGHTS AGREEMENT") in connection therewith. D. Sullivan's employment relationship with PTP has been terminated, anx xxxxxxxx xxve arisen among Sullivan, PTP and Nextgen concerning their respective rights and obligxxxxxx xnder the Employment Agreement, the Term Note, and the Merger Agreement; E. In exchange for the consideration exchanged below, the receipt and sufficiency of which are hereby acknowledged, PTP and Nextgen, on the one side, and Sullivan on the other side, agree and covenant as follows:

OPERATIVE FACTS. A. On July 10, 2003, HSOA acquired 1,000 shares of common stock (the "CTRS Shares"), constituting 100% of the outstanding stock, of Central Texas Residential Services, Inc., a Texas corporation ("CTRS"), from Hxxxxxx and HOLDCO (together, the "Shareholders"), pursuant to a Stock Purchase Agreement and Plan of Reorganization dated July 10, 2004 (the "SPA") B. On July 10, 2003, HSOA and the Shareholders also entered into an Escrow Agreement (so called herein), HSOA and each Shareholder entered into a Registration Rights Agreement (so called herein), and CTRS and Hxxxxxx entered into an Executive Employment Agreement (so called herein); C. In exchange for the CTRS Shares of CTRS, Hxxxxxx received 250,000 shares of the common stock, $.001 par value ("Common Stock"), of HSOA (the "Hxxxxxx Shares"), and HOLDCO received 600,000 shares of Common Stock (the "HOLDCO Shares");