Liquor Operations definition
Examples of Liquor Operations in a sentence
Any proration of revenues from Liquor Operations shall be subject to such limitations and conditions as may be imposed by applicable alcoholic beverage control Laws.
The Liquor Licensees collectively hold all of the Liquor Licenses required for the current Liquor Operations and all of the Liquor Licenses are currently in force.
All gross revenue and receipts derived from Liquor Operations are the exclusive property of Licensee.
Liquor Escrow" means an escrow with the Liquor Escrow Agent for the sale of the Liquor Inventory and compliance with the applicable Laws governing the transfer of Liquor Operations at the Hotel.
Owner, any unaffiliated third Person lenders, and their respective representatives may, at all reasonable times, enter in and upon the areas in which the Liquor Operations are being conducted to examine the condition thereof and to observe the Liquor Operations.
Marcus Hotels, Inc., holds all of the Liquor Licenses required for the current Liquor Operations and, to Seller’s Knowledge, all of the Liquor Licenses are in currently in force.
If Borrower determines that the Liquor Licenses are to be held by Manager, Borrower shall notify Lender in writing and, at the request of Lender, shall, and shall cause Manager to, enter into an agreement reasonably satisfactory to Lender (and at Borrower’s sole cost and expense) with respect to the Liquor Licenses and Liquor Operations, including in connection with, during and following the exercise of Lender’s remedies under the Loan Documents.
Owner hereby engages Operator to act as the exclusive operator of the Liquor Operations during the Term, with exclusive responsibility and full control and discretion in the operation, direction, management and supervision of Liquor Operations, and Operator hereby agrees to be so engaged by Owner, subject to the agreements, terms and conditions contained herein.
Licensee shall have the absolute right, from time to time, to conduct an audit of the Liquor Operations and the books and records in connection therewith by using its own internal auditors or by employing independent auditors.
Liquor License" means any government license, permit or other authorization held or issued for the Liquor Operations.