Requirement to Open Sample Clauses

Requirement to Open. Tenant shall on or before the expiration of the Base Rent Abatement period open to the public fully fixturized, stocked and staffed and thereafter, Tenant shall in good faith continuously throughout the Term of this Lease conduct and carry on in the entire Premises conducting Tenant’s Use described on the Basic Lease Information and shall not conduct or carry on any other business.
Sample 1
AutoNDA by SimpleDocs
Requirement to Open. Tenant shall on or before the expiration of the Base Rent Abatement period, if any, open to the public fully fixtured, stocked and staffed and thereafter, Tenant shall in good faith continuously throughout the first five (5) years of the Term of this Lease conduct and carry on in the entire Premises conducting Tenant’s Use described on the Basic Lease Information and shall not conduct or carry on any other business. Notwithstanding anything contained in this Lease to the contrary, provided Tenant shall have opened for business for at least five (5) years fully stocked and staffed, Tenant shall not be required to continuously operate its business in the Premises or keep the same open to the public after the initial five (5) year period; provided that, (a) Tenant shall at all times continue to pay Rent and other monetary obligations which become due and payable pursuant to the terms and provisions of this Lease and (b) such cessation of business does not cause the 15-36 License to be revoked. If Tenant ceases to operate its business in the Premises for a period in excess of ninety (90) consecutive days and Tenant’s cessation of operations is not due to remodeling, renovating, or reconstructing the Premises as a result of an assignment, sublease, casualty, condemnation or otherwise (not to exceed one hundred twenty (120) days), then at any time after such ninety (90) consecutive day period, Landlord shall have the right to market the Premises for lease or sale, to display a sign on the Premises to that effect and to terminate the Lease and recapture the Premises by delivering five (5) days prior written notice to Tenant. Upon Landlord’s termination of the Lease, all Rent accrued as of the date of such termination shall be paid by Xxxxxx.
Sample 1

Related to Requirement to Open

  • Release Requirement Notwithstanding any provision herein to the contrary, except as otherwise determined by the Company, in order for the Grantee to receive Shares pursuant to the settlement of Vested RSUs under Section 6(a), (b), (c), (d) or (e) above, the Grantee (or the representative of his or her estate) must execute and deliver to the Company a general release and waiver of claims against the Company, its Subsidiaries and their directors, officers, employees, shareholders and other affiliates in a form that is satisfactory to the Company (the “Release”). The Release must become effective and irrevocable under applicable law no later than 60 days following the date of the Grantee’s death, termination of employment or transfer of position, as applicable.

  • Notice Requirement No termination of this Agreement shall be effective unless and until the party terminating this Agreement gives prior written notice to all other parties of its intent to terminate, which notice shall set forth the basis for the termination. Furthermore,

  • Requirement Publisher shall be required to comply with all the provisions of the SourceBook 2, including without limitation the Technical Requirements Checklist therein, when published, or within a commercially reasonable time following its publication to incorporate such provisions, as if such provisions were set forth in this Agreement.

  • Minimum Requirements With respect to the Notes, the Issuers shall not have any obligations with respect to any underwriters or underwritten offering except a single underwritten offering of $270 million or more of Registrable Securities.

  • Service Requirement Except as otherwise provided in Section 6(e) of the Plan or Section 2 of this Agreement, this Option may be exercised only while you continue to provide Service to the Company or any Affiliate, and only if you have continuously provided such Service since the Grant Date of this Option.

  • Reporting Requirement As to any defaulted Mortgage Loan, the Servicer must account to, and report in writing to, the Master Servicer as to any Realized Loss (or gain) upon the Liquidation or Deficient Valuation in respect of such Mortgage Loan.

  • Listing and Maintenance Requirements Compliance The Company has not in the two years preceding the date hereof received written notice from any stock exchange, market or trading facility on which the Common Stock is or has been listed or quoted to the effect that the Company is not in compliance with the listing, maintenance or other requirements of such exchange, market, trading or quotation facility. The Company has no reason to believe that it does not now or will not in the future meet any such requirements.

  • Additional Regulatory Requirements Notwithstanding anything contained in this Agreement to the contrary, it is understood and agreed that the Bank (or any of its successors in interest) shall not be required to make any payment or take any action under this Agreement if:

  • Business Day Requirements In the event that any notice or other action or omission is required to be taken by a Party under this Agreement on a day that is not a Business Day then such notice or other action or omission shall be deemed to be required to be taken on the next occurring Business Day.

  • Escrow Requirement Unless, (a) at the origination of a Mortgage Loan the Borrower is not required to make Escrow Item payments thereafter, (b) Escrow Funds collection has been waived pursuant to Section 10.5.1 hereof, or (c) the collection of Escrow Funds is precluded by applicable law, the Servicer must continue to collect 1/12th of the annual total for all Escrow Items with each Monthly Payment on such Mortgage Loan, as determined pursuant to Section 10.3.1 hereof.

Time is Money Join Law Insider Premium to draft better contracts faster.