Renewal of Rights Sample Clauses

Renewal of Rights. (a) If Muzak reasonably determines that the performance of Licensee during the term stated in Section 3.1 is not sufficiently satisfactory to warrant renewal of Licensee's license rights hereunder, then, at least two years prior to the date of expiration described in Section 3.1 of this Agreement, Muzak shall notify Licensee that it does not intend to renew Licensee's license rights and provide the specific reasons for such decision. Such notification is intended to give Licensee the opportunity to assign its rights under this Agreement, or to make satisfactory its performance, it being understood that any such assignment is subject to Muzak's prior approval as provided in Article XII hereof. (i) In determining whether or not to renew Licensee's license rights, Muzak shall consider Licensee's performance under this Agreement. In evaluating Licensee's performance, Muzak shall consider such factors as, among others, the following: Licensee's total xxxxxxxx for all Services, the trend of Licensee's new xxxxxxxx and cancellations (and the reasons therefor), local market conditions and the degree of Licensee's market penetration in the Territory. (ii) In the event Muzak notifies Licensee that Muzak does not intend to renew Licensee's license rights because Muzak has reasonably determined that Licensee's performance is not sufficiently satisfactory to warrant renewal of Licensee's license rights hereunder, Licensee shall have a period of six months from the date of such notice to attempt to improve its performance. At the end of such six-month period, Muzak shall reconsider the adequacy of Licensee's performance and if such performance has sufficiently improved so that it is no longer inadequate, Muzak shall rescind its notice of intention not to renew Licensee's license rights. Conversely, if at the end of such six-month period Muzak determines that Licensee's performance remains inadequate, Muzak shall inform Licensee of the reasons for such determination and send to Licensee a final notice of nonrenewal. (b) Muzak shall also have the right not to renew Licensee's license rights if Licensee engages in conduct which Muzak reasonably deems inimical to the best interests of the Muzak System (including the interests of the MUZAK(R) licensees in such System). The exercise of Muzak's rights as stated in this subsection (b) shall be subject to the following conditions: (i) In the event such conduct constitutes a breach of this Agreement, Muzak shall have the absolute...
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Renewal of Rights. This Agreement and the development rights granted in it expire on the date stated in Exhibit B. If you wish to renew exclusive development rights for the same Store Development Area, you must advise us in writing within six (6) months prior to the expiration of this Agreement. We will then reassess the potential of the Store Development Area for further development. If we and you agree that there is potential for additional Restaurants, we will offer you the first opportunity to enter into a new agreement for the Store Development Area, provided that you met your Development Schedule under this Agreement, you are in compliance with all of your Xxxxxx-Xxxxxxx franchise agreements, you meet our then-current Criteria to Expand, and we and you can agree on a new development schedule. The agreement you sign will be our then-current store development agreement, and the fees will be the then-current fees for that Store Development Area. You will have 10 days from the time you receive the new Agreement to sign and return it to us.
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Related to Renewal of Rights

  • Renewal of Agreement This agreement does not automatically renew, and residence in UCF DHRL residence facilities during one agreement period does not guarantee that residence accommodations will be offered to the Student for any following periods. The Student is solely responsible for the timely completion of housing agreements for future periods. UCF DHRL housing agreements shall not be re-offered to residents who are unwilling to adhere to the basic elements of good housekeeping, and community living. UCF DHRL housing agreements shall not be re-offered to residents who disregard or violate rules, regulations, or policies established for governing UCF DHRL residential facilities. Finally, housing agreements shall not be re-offered to residents who have outstanding charges from UCF DHRL.

  • Expiration of Rights The Rights will expire on the earliest of (a) 5:00 p.m., New York City time, on December 30, 2021 (b) the time at which the Rights are redeemed (as described in Section 6 below), and (c) the time at which the Rights are exchanged in full (as described in Section 7 below).

  • Renewal of Agreements The Agreement with TIPS is for three (3) years with an option for renewal for an additional one

  • Non-Renewal of Agreement The Company may terminate Executive’s employment by providing a timely Non-Renewal Notice, pursuant to Section 1(a).

  • Survival of Rights Subject to the provisions hereof limiting transfers, this Agreement shall be binding upon and inure to the benefit of the Partners and the Partnership and their respective legal representatives, successors, transferees and assigns.

  • Nonwaiver of Rights No waiver of default by either party of any of the terms, covenants, and conditions hereof to be performed, kept, and observed by the other party shall be construed as, or shall operate as, a waiver of any subsequent default of any of the terms, covenants, or conditions herein contained, to be performed, kept, and observed by the other party.

  • Waiver of Rights No right conferred on either party under this Contract shall be deemed waived, and no breach of this Contract excused, unless such waiver is in writing and signed by the party claimed to have waived such right. Neither the State’s review, approval or acceptance of, nor payment for, the services required under this Contract shall be construed to operate as a waiver of any rights under this Contract or of any cause of action arising out of the performance of this Contract, and the Contractor shall be and remain liable to the State in accordance with applicable law for all damages to the State caused by the Contractor’s negligent performance of any of the services furnished under this Contract.

  • Xxxxx of Right In addition to the demand right of registration described in Section 5(a) hereof, the Holder shall have the right, for a period of no more than five years from the Effective Date in accordance with FINRA Rule 5110(f)(2)(G)(v), to include the Registrable Securities as part of any other registration of securities filed by the Company (other than in connection with a transaction contemplated by Rule 145(a) promulgated under the Securities Act or pursuant to Form S-8 or any equivalent form); provided, however, that if, solely in connection with any primary underwritten public offering for the account of the Company, the managing underwriter(s) thereof shall, in its reasonable discretion, impose a limitation on the number of shares of Common Stock which may be included in the Registration Statement because, in such underwriter(s)’ judgment, marketing or other factors dictate such limitation is necessary to facilitate public distribution, then the Company shall be obligated to include in such Registration Statement only such limited portion of the Registrable Securities with respect to which the Holder requested inclusion hereunder as the underwriter shall reasonably permit. Any exclusion of Registrable Securities shall be made pro rata among the Holders seeking to include Registrable Securities in proportion to the number of Registrable Securities sought to be included by such Holders; provided, however, that the Company shall not exclude any Registrable Securities unless the Company has first excluded all outstanding securities, the holders of which are not entitled to inclusion of such securities in such Registration Statement or are not entitled to pro rata inclusion with the Registrable Securities.

  • Non-Waiver of Rights The omission by either party at any time to enforce any default or right reserved to it, or to require performance of any of the terms, covenants, or provisions hereof by the other party at the time designated, shall not be a waiver of any such default or right to which the party is entitled, nor shall it in any way affect the right of the party to enforce such provisions thereafter.

  • Termination of Rights The right of first refusal granted the --------------------- Company by Section 3(b) above and the option to repurchase the Shares in the event of an involuntary transfer granted the Company by Section 3(c) above shall terminate upon the first sale of Common Stock of the Company to the general public pursuant to a registration statement filed with and declared effective by the Securities and Exchange Commission under the Securities Act. Upon termination of the right of first refusal described in Section 3(b) and the expiration or exercise of the Repurchase Option, a new certificate or certificates representing the Shares not repurchased shall be issued, on request, without the legend referred to in Section 6(a)(ii) below and delivered to Purchaser.

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