Surrender of License. On the Effective Date of this Agreement, Respondent agrees to the surrender of Respondent’s mortgage loan originator license or any MLO Activity Endorsement issued by each State Mortgage Regulator in the corresponding Participating State. This surrender will go into effect on or after the effective date of this agreement as processed and reflected through the NMLS. Respondent further agrees that Respondent will not apply for a new mortgage loan originator license or, as applicable, petition for the reinstatement of any MLO Activity Endorsement in any of the Participating States for a period of three months from the Effective Date of this Agreement. Should the Respondent apply for such a license or petition for the reinstatement of an MLO Activity Endorsement during that three-month period, that license application or MLO Activity Endorsement petition, as consented to by the Respondent herein, shall be deemed denied.
Surrender of License. Licensee may terminate this Agreement at any -------------------- time upon 10 days prior written notice to Licensor. Upon the closure of all of the Licensee Stores, Licensee shall be deemed to have terminated this Agreement. Any termination of this Agreement pursuant to this Section 5.3 shall be without liability to Licensor or Licensee, except with respect to any breach by either party of the remaining terms of this Agreement.
Surrender of License. Dylanite agrees to surrender license numbers 100-2310 and 100-2311, located at 00000 Xxxxxxxx Xxxx, Xxxxxxxxx, XX 00000 and 00000 Xxxxxxx Xxxx., #000, Xxxxx Xxxxxxxxx, XX 00000, respectively. The surrender of the licenses shall be effective on September 1, 2008. Upon the effective date of the surrender, Dylanite shall not be authorized to engage in the deferred deposit transaction business under the California Deferred Deposit Transaction Law under these two licenses at these two locations. The parties agree that the Desist and Refrain Order shall remain in full force and effect.
Surrender of License. Within 90 days of complete repayment to SBA of all Indebtedness owed by Winfield to SBA, Winfield shall surrender its SBIC operating license and present to SBA evidence of a corporate resolution amending its Articles of Incorporation EXHIBIT 10.1 and bylaws, to eliminate all references to SBA and the SBIC program; provide SBA with an affirmation, signed by an appropriate senior officer of the Licensee and subject to the approval of SBA, to the effect that Winfield will no longer hold itself out as an SBIC.
Surrender of License. Capital agrees to surrender license numbers 100-0679, 100-0680 and 100-0682. The surrender of the licenses shall be effective on or before October 22, 2008. Upon the effective date of the surrender, Capital shall not be authorized to engage in the deferred deposit transaction business under the California Deferred Deposit Transaction Law. Further, upon the effective date of the surrender of the license, Capital agrees to discontinue engaging in the business of deferred deposit transactions subject to the California Deferred Deposit Transaction Law. The parties agree that the Desist and Refrain Order shall remain in full force and effect.
Surrender of License. Local Chapter may surrender its License by submitting to CANNABIS LIBERATION LEAGUE - CALIFORNIA, written notice of its intentions to do so, no less than 30 days prior to the effective date of such surrender.
