Termination or Cancellation. A. In addition to the Licensor’s termination rights set forth in Sections 3(C) and 3(D) above, the Licensor shall have the right, without any liability therefore, to terminate this Agreement in its sole discretion, including the immediate right to terminate Licensee’s right to use the Facilities, in the event (as reasonably determined by the Licensor) that: a) Licensee fails to perform, or breaches any of the terms, conditions, or requirements of this Agreement or if the Licensor reasonably deems itself insecure because of the Licensee’s apparent or actual inability to perform the Agreement; or b) Licensor shall cease to license the property from BOLP or BOLP shall cease to manage the Property pursuant to the Spring Training Facility Memorandum of Understanding with Sarasota County, Florida; or c) Acts of God, or unusual weather or other conditions render the Property or the Facilities unsafe or unfit for purposes of conducting the event or inadvisable, illegal or impossible for the Licensor or Licensee to perform its obligations hereunder. Should the need to terminate the agreement under this subparagraph arise, Licensor shall use its best efforts to provide written notice to Licensee at least forty- eight (48) hours prior to the effective time of the termination. B. In the event that this Agreement is terminated prior to the event pursuant to Section
Appears in 4 contracts
Samples: Sublicense Agreement, Sublicense Agreement, Sublicense Agreement
