Payment Following Assignment Sample Clauses

Payment Following Assignment. If Embarc sells, conveys, or transfers the Dispensary to a third party during an Operating Year, within 60 days after the effective date of that sale, conveyance, or transfer, Embarc shall make a Payment to the County in the amount of two percent (2%) of the Dispensary’s Gross Sales during the portion of the Operating Year occurring before the effective date of sale, conveyance, or transfer; and, within 60 days following the end of that Operating Year, the new owner of the Dispensary shall make a Payment to the County in the amount of two percent (2%) of the Dispensary’s Gross Sales during the remainder of that Operating Year.
Sample 1
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Related to Payment Following Assignment

  • Assignment This Agreement and all rights and obligations hereunder may not be assigned without the written consent of the other party.

  • Definitions As used in this Agreement, the following terms shall have the following meanings:

  • IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the day and year first above written.

  • Governing Law THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

  • Termination This Agreement may be terminated at any time prior to the Closing:

  • Counterparts This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

  • Entire Agreement This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter contained in this Agreement and supersedes all prior agreements, understandings and negotiations between the parties.

  • WHEREAS the Company desires the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing to so act, in connection with the issuance, registration, transfer, exchange, redemption and exercise of the Warrants; and

  • NOW, THEREFORE the parties agree as follows:

  • Severability Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

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