Senior TOUR Event Clause Samples

Senior TOUR Event. Subject to the terms and conditions hereof, in the event The Vintage Invitational is discontinued by its current sponsors, LANDMARK shall have the option of having a Senior TOUR event held at the TPC. Upon becoming aware that The Vintage Invitational is to be discontinued by its current sponsors, TOUR shall provide notice thereof to LANDMARK. For thirty (30) days after receipt of such notice, LANDMARK shall have the option of notifying TOUR that it desires to hold a Senior TOUR event at the TPC. Provided LANDMARK so notifies TOUR, TOUR and LANDMARK shall negotiate in good faith toward entering into an agreement for the holding of a Senior TOUR event at the TPC, which agreement shall contain such terms and conditions as TOUR and LANDMARK may mutually agree. In the event that TOUR and LANDMARK are unable to mutually agree on the terms and conditions of such agreement within ninety (90) days after receipt by LANDMARK of the notice that The Vintage Invitational is to be discontinued by its current sponsors, then TOUR shall have the right to hold the tournament elsewhere.