Transfers of Agreement And Hotel Sample Clauses

Transfers of Agreement And Hotel. Except for Transfers authorized by paragraphs 11(c), (d), (e), (f) and (g), Licensee will not Transfer this Agreement without, at the same time, Transferring the Hotel to that same person, which Transfer is subject to Licensor's approval based on the following conditions being met as of the date of the Transfer: (i) Licensee has complied in all respects with the applicable provisions of this Paragraph 11; and (ii) All of Licensee's monetary obligations due to Licensor have been paid in full, and Licensee is not otherwise in default under this Agreement; and (iii) The transferee files an application on the form prescribed by Licensor at least sixty (60) days prior to the effective date of the Transfer and, within that time period, demonstrates to Licensor's satisfaction that transferee meets Licensor's then current requirements for the granting of a license to operate a System Hotel; and -------------- 1 and substantially consistent with Exhibit B attached hereto. (iv) The transferee, at Licensor's option, signs a written agreement with and satisfactory to Licensor, providing that the transferee assumes the obligations of Licensee under this Agreement, or Licensor's then-current standard License Agreement for a term ending with the term of this Agreement, but with fees and other provisions which may differ materially from this Agreement; and (v) Prior to the date of Transfer, if held, or at the first one scheduled after the Transfer, the general manager of the Hotel and other key employees designated by Licensor must attend Licensor's orientation training; and (vi) Licensee or transferee taking or agreeing to take measures to comply with Licensor's requirements with respect to (a) any construction and other matters set forth in a Property Improvement Plan prepared by Licensor; and (b) improvements in the Operation of the Hotel needed to meet System standards, regardless of whether Licensor has required or requested Licensee to take such measures at any time prior to the request for approval of the Transfer. Licensor's failure to conduct an inspection and provide a Property Improvement Plan or list of operational improvements before the Transfer, whether with respect to a Transfer or otherwise, does not constitute a waiver of Licensor's right to enforce the provisions of this Agreement or the new license agreement between Licensor and transferee after the Transfer, as applicable, with respect to the same or different subject matter; and (vii) Licensee signin...
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Related to Transfers of Agreement And Hotel

  • Assignments of Agreements No assignment of Agreement may be made without the prior written approval of TIPS. Payment can only be made to the awarded Vendor or vendor assigned dealer.

  • Contents of Agreement This Agreement, together with the other Transaction Documents, sets forth the entire understanding of the parties hereto with respect to the Transactions and supersedes all prior agreements or understandings among the parties regarding those matters.

  • Bank Accounts and Powers of Attorney Set forth in Schedule 3.21 is an accurate and complete list showing (a) the name of each bank in which the Company has an account, credit line or safe deposit box and the names of all Persons authorized to draw thereon or to have access thereto, and (b) the names of all Persons, if any, holding powers of attorney from the Company and a summary statement of the terms thereof.

  • DEPOSIT ACCOUNTS; POWERS OF ATTORNEY Schedule 5.26 sets forth a complete and correct list of: (i) the name of each financial institution in which the COMPANY has accounts or safe deposit boxes; (ii) the names in which the accounts or boxes are held; (iii) the type of account and account number; and (iv) the name of each person authorized to draw thereon or have access thereto. Schedule 5.26 also sets forth the name of each person, corporation, firm or other entity holding a general or special power of attorney from the COMPANY and a description of the terms of such power of attorney.

  • Copies of Agreements The Union and the Employer desire every employee to be familiar with the provisions of this Agreement and his/her rights and obligations under it. For this reason the Union shall print sufficient copies of this Agreement for distribution to employees. The cost of printing shall be borne by the Union. The Employer shall provide a copy of the Collective Agreement to new employees.

  • Contents of Agreement; Amendment and Assignment (a) This Agreement sets forth the entire understanding between the parties hereto with respect to the subject matter hereof and cannot be changed, modified, extended or terminated except upon written amendment approved by the Board and executed on its behalf by a duly authorized officer of the Company and by Executive. (b) All of the terms and provisions of this Agreement shall be binding upon and inure to the benefit of and be enforceable by the respective heirs, executors, administrators, legal representatives, successors and assigns of the parties hereto, except that the duties and responsibilities of Executive under this Agreement are of a personal nature and shall not be assignable or delegatable in whole or in part by Executive. The Company shall require any successor (whether direct or indirect, by purchase, merger, consolidation, reorganization or otherwise) to all or substantially all of the business or assets of the Company, within 15 days of such succession, expressly to assume and agree to perform this Agreement in the same manner and to the same extent as the Company would be required to perform if no such succession had taken place.

  • SPECIAL AGREEMENTS The following special arrangements have been made: City, Date City, Date Seller's signature Buyer's signature

  • LETTERS OF AGREEMENT ‌ Previous letters of agreement, side bar agreements and memoranda of understanding between labor and management that are not incorporated into the subsequent collective bargaining agreement are null and void.

  • No Violations of Agreements Neither the execution, delivery or performance of this Agreement by the Purchaser, nor compliance with the terms and provisions hereof, will result in any breach of the terms, conditions or provisions of, or conflict with or constitute a default under, or result in the creation of any lien, charge or encumbrance upon any property or assets of the Purchaser pursuant to the terms of any indenture, mortgage, deed of trust, note, evidence of indebtedness or any other agreement or instrument by which the Purchaser is bound.

  • Assignment of Agreements Each applicable Borrower shall have executed and delivered to Lender the Assignments of Agreements, and the Assignments of Agreements shall, to the extent prudent pursuant to local practice, have been irrevocably delivered to an authorized title agent for the Title Insurer for such recordation in the appropriate filing offices in the jurisdiction in which the applicable Individual Property is located.

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