Final License definition
Examples of Final License in a sentence
If Company fails to secure a Final License, or any of the required local approvals aforementioned, this Agreement shall be null and void.
All rights and obligations under this Agreement are expressly conditioned upon the Company’s receipt of a Final License allowing for their operation of a Recreational Marijuana Retailer, within the City, and upon Company obtaining all local approvals.
In the event that the Issuing Authority does not reasonably believe that such documentation supports the accuracy of such payment, then the Issuing Authority may conduct an audit of such payment, provided that the Issuing Authority shall be limited to one audit every three years during the term of this Final License, which audit shall be applicable to the previous three (3) year period in accordance with Section 6.4 above.
The term of this Agreement shall expire upon the earliest of (a) one (1) year after the Effective Date, (b) six (6) months after CI Plus LLP notifies Named Licensee that the Final License Agreement is available, or (c) if Named Licensee enters into a Final License Agreement with CI Plus LLP, the effective date of such Final License Agreement, in each case unless this Agreement is sooner terminated in accordance with this Agreement.
All of the provisions in the Final License shall apply to the Town, the Licensee, and their respective successors and assignees.
In the event that the Issuing Authority has reason to believe that the Licensee has defaulted in the performance of any or several provisions of the Final License, except as excused by Force Majeure, the Issuing Authority shall notify the Licensee in writing, by certified mail, of the provision or provisions which the Issuing Authority believes may have been in default and the details relating thereto.
The Licensee shall be subject to M.G.L. Chapter 87 and shall comply with all rules established by the Issuing Authority and/or its designee(s) during the term of the Final License.
The Town hereby reserves to itself, and the Licensee acknowledges the Town's right as authorized by applicable law or regulation, to intervene in any suit, action or proceeding involving the Final License, or any provision in the Final License.
The Exhibits to the Final License, attached hereto, and all portions thereof, are incorporated herein by the reference and expressly made a part of the Final License.
Neither this section, any bond accepted pursuant thereto, or any damages recovered thereunder shall limit the liability of the Licensee under the Final License.