Store Closures. 20.1 The PCC BOT shall give the PCC staff and the Union not less than 30 days prior written notice to closing of any PCC store.
Store Closures. This will confirm the agreement reached between the Company and the Union during the recently concluded contract negotiations for the Collective Agreement, covering Markets retail stores, expiring July In the event of a store closure in the stores covered by Local the Company may create a job opportunity in one of the stores covered by Local after the employees have exercised all of their rights under the Collective Agreement. The affected Full Time employee would have day one seniority and Company service for benefits. This would apply to Local employees in exactly the same manner. Dated at Cambridge, this 1 day of September MARKETS, A DIVISION OF LIMITED Xxxx Xxxx Xxxxxx Xxxx Xxxxxxxx Xxxxx Xxxxxxxxxx Al XxXxxx Xxxxxx Xxx Xxxx Xxxxxx Xxxxxx Xxxxxx Xxx Code Xxxxx Xxxxxx Xxxxx Xxxxxx Xxxxx September Letter Mr. Xxxxx Xxxxxxxxxx, President United Food and Commercial Workers Union Local Cambridge, ON Dear Xx. Xxxxxxxxxx:
Store Closures. The Borrower shall not (a) close greater than 7.5% of its store locations in any Fiscal Year unless it provides 60 days' prior written notice thereof to the Agent or (b) close greater than 15% of its store locations in any Fiscal Year without the prior written consent of the Agent (which consent shall not be unreasonably withheld).
Store Closures. Sales of assets in connection with leased store closures and bulk sales of inventory in connection with store closures without a requirement of fair market value.
Store Closures. The Company intends to close, or is in the process of closing, those retail store locations described on Schedule 6.1(j).
Store Closures. Commit to close any location at which Borrowers maintain, offer for sale or store any of the Collateral; provided, however that Borrowers may close up to six Stores during any fiscal year and may close any Stores the leases of which have expired in accordance with their terms and which have not been renewed or extended; and provided further that all payments for termination of Store leases and all proceeds of Relocation Sales shall be paid, upon the occurrence of a Cash Dominion Event, directly to a Blocked Account or the Concentration Account, to be applied and distributed as set forth in Section 6.2.
Store Closures. Commit to close any location at which Borrowers maintain, offer for sale or store any of the Collateral; provided, however that:
(A) Borrowers may close up to six Stores during any fiscal year;
(B) Provided further that all payments for termination of Store leases and all proceeds of Relocation Sales shall be paid directly to the Dominion Account, to be applied and distributed as set forth in Section 6.2;
(C) Provided further, that if requested by Agent, the Lead Borrower shall provide to Agent and the Co-Administrative Agent, weekly written updates (delivered on Tuesday of each week for the prior week ended Saturday), segregated by location, of the Inventory and Equipment liquidation and the Relocation Sales, including detail concerning (a) the average mark-downs; (
Store Closures. 40 8.2.7 Distributions................................................................ 41 8.2.8 Capital Expenditures......................................................... 41 8.2.9 Disposition of Assets........................................................ 41 8.2.10 Securities of Subsidiaries................................................... 41 8.2.11 Bill-and-Hold Sales, Etc..................................................... 41 -v- TABLE OF CONTENTS (CONTINUED)
