Examples of Change in Operations in a sentence
If, during the Term, Lessee desires to provide food and beverage operations at the Facility (other than those that are presently provided at the Facility and complimentary continental breakfast) or to discontinue any such operations which are presently provided (any such action, a "Change in Operations"), Lessee shall give notice of such desire to Lessor.
If no agreement is reached after such 60-day period, (i) if Lessee in its reasonable judgment believes the failure to accomplish the proposed Change in Operations will have an adverse economic impact on Lessee's operation of the Facility, Lessee may submit the adjustment to Rent to arbitration in accordance with Section 40.1, otherwise, (ii) Lessee shall withdraw such notice and shall not be entitled to implement the proposed Change in Operations, and this Lease shall continue in full force.
During negotiations, which shall not extend beyond 60 days, Lessee shall not implement the proposed Change in Operations and shall continue fulfilling its obligations under the existing terms of this Lease.
If Landlord does not consent to the Change in Operations, Tenant shall not be entitled to implement the proposed Change in Operations and this Agreement shall remain in full force and effect.
Significant Change in Operations and/or Governance A significant change in operations or governance is defined as a change in ownership, executive control, or composition of the governing body, or the addition or withdrawal of a significant partner such that the original structure of the CCO/HH organization, is considered to be materially changed as presented in the original application reviewed and approved by the State.