Replacement Station Clause Samples
Replacement Station. Sell or dispose of a Specified Station so long as (i) one or more other station(s) owned and operated by Licensee and within the same market as such Specified Station and affiliated with the same Network or Networks as such Specified Station (a “Replacement Station”) can replace the operations of the transferred station through the operation of the Replacement Station which is reasonably comparable to the Specified Station (including substantially comparable or better coverage), (ii) the total revenues of the Replacement Station are greater than or equal to the total revenues of such Specified Station as of the date of the sale or disposition, and (iii) the Replacement Station shall be a Station for purposes of the Royalty Base, with the national and local revenues of the Replacement Station included in the Royalty Base;
Replacement Station. On 30 days’ written notice to VMSC, Distributor may propose a substitution of any Current Station (the “Substituted Station”) with a station (“Replacement Current Station”) that meets the following criteria: (i) the Replacement Current Station meets the applicable VMSC brand image requirements; (ii) the Replacement Current Station must be served by the same Primary Delivery Point as the Substituted Station; (iii) the proposed contract volume for the Replacement Current Station must be at least the same as the Substituted Station; and (iv) VMSC has determined that the Replacement Current Station does not create a potential conflict with any other existing VMSC branded retail gasoline station. Upon confirmation by VMSC that the Replacement Current Station meets the foregoing criteria, then the Replacement Current Station shall be considered to be the Substituted Station under this Agreement for all purposes, as of the effective date set forth in Distributor’s notice. Conversion of all Replacement Current Stations will be at Distributor’s cost. Notwithstanding anything to the contrary contained herein, in no event will Distributor have the right to substitute Unit 1054 (as defined in Section 6.2).