OWNERSHIP OF CONTIGUOUS DEALERSHIPS Sample Clauses

OWNERSHIP OF CONTIGUOUS DEALERSHIPS. FAA shall not own contiguous dealerships (as that term is defined in the applicable Toyota or Lexus Dealer Agreement or policy) with common boundaries.
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OWNERSHIP OF CONTIGUOUS DEALERSHIPS. Group 1 shall not own contiguous dealerships (as that term is defined in the applicable Toyota or Lexus Dealer Agreement or policy) with common boundaries. SEPARATE LEGAL ENTITIES FOR EACH TOYOTA AND LEXUS DEALERSHIP
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OWNERSHIP OF CONTIGUOUS DEALERSHIPS. Lithia Motors and/or its Affiliates shall not own contiguous Honda dealerships or contiguous Acura dealerships.
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OWNERSHIP OF CONTIGUOUS DEALERSHIPS. UAG and/or its Affiliates shall not own contiguous Honda and/or Acura dealerships.
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OWNERSHIP OF CONTIGUOUS DEALERSHIPS. The Ownership entity and/or its Affiliates shall not own contiguous Honda dealerships or contiguous Acura dealerships. Notwithstanding anything in the preceding sentence to the contrary, despite the fact that the Honda dealerships currently doing business as Mike Xxxxx Xxxoplaza in Beaumont, Texas and A. J. Xxxx Xxxda in Kingwood, Texas are geographically contiguous, in light of the distance between them and the markets they serve, in AHM's judgment these two dealerships should not be treated as contiguous dealerships for purposes of the Policy and this Agreement, and therefore AHM has no objection to the Ownership Entity owning and operating both of these dealerships.
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OWNERSHIP OF CONTIGUOUS DEALERSHIPS. Sonic shall not own contiguous dealerships (as that term is defined in the applicable Toyota or Lexus Dealer Agreement or policy) with common boundaries.
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OWNERSHIP OF CONTIGUOUS DEALERSHIPS. The Ownership Entity and/or its ----------------------------------- Affiliates shall not own contiguous Honda dealerships or contiguous Acura dealerships.
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Related to OWNERSHIP OF CONTIGUOUS DEALERSHIPS

  • Ownership of Other Entities Other than the subsidiaries of the Company listed in Exhibit 21 to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2018, the Company, directly or indirectly, owns no capital stock or other equity or ownership or proprietary interest in any corporation, partnership, association, trust or other entity.

  • Company Ownership of Other Entities The Company does not own an interest in any corporation, partnership, limited liability company, joint venture, trust or other entity.

  • Ownership of Properties Except as set forth on Schedule 2, on the date of this Agreement, the Borrower and its Subsidiaries will have good title, free of all Liens other than those permitted by Section 6.15, to all of the Property and assets reflected in the Borrower's most recent consolidated financial statements provided to the Agent as owned by the Borrower and its Subsidiaries.

  • Ownership of the Company At all times while this Parent Guarantee Agreement is in effect and while any of the obligations of the Parent Guarantor hereunder remain outstanding, one hundred percent (100%) of the outstanding capital stock of the Company shall be owned by the Parent Guarantor.

  • Ownership of Acquired Property Except to the extent that a specific provision of this contract states to the contrary, the State shall own all intellectual property acquired or developed under this contract and all equipment purchased by the Engineer or its subcontractors under this contract. All intellectual property and equipment owned by the State shall be delivered to the State when the contract terminates, or when it is no longer needed for work performed under this contract, whichever occurs first.

  • Ownership of Equipment Any equipment purchased by or furnished to the Grantee by the State under this grant agreement is provided on a loan basis only and remains the property of the State.

  • Ownership of Accounts In the event of termination, so long as Producer has promptly accounted for and paid all premiums or return commissions for which it may be liable, the Producer’s records and use and control of expiration, shall remain the property of Producer; otherwise, use of record and control of expirations shall be vested promptly and exclusively in Broker.

  • Ownership of Subsidiaries The Borrower will, and will cause each of its Subsidiaries to, take such action from time to time as shall be necessary to ensure that each of its Subsidiaries is a wholly owned Subsidiary.

  • Ownership of Property Each Loan Party and each of its Subsidiaries has good record and marketable title in fee simple to, or valid leasehold interests in, all real property necessary or used in the ordinary conduct of its business, except for such defects in title as could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

  • Ownership of Products It is understood and agreed that all products provided under this Agreement shall become the property of the County upon acceptance by the County.

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