Examples of Retail Store Permit in a sentence
The Purchaser and the Vendor acknowledge and agree that, notwithstanding any provision in this Agreement, the Purchaser will need to apply to the Approving Authority for the issuance of a new Retail Store Permit in the Purchaser’s name in order to sell Liquor from a retail liquor store.
The Purchaser shall pay the Vendor for the interest in and to Retail Store Permit the sum of $xxxx (the "Purchase Price"), such Purchase Price payable in accordance with section 2.03 of this Agreement.
Subject to compliance with the terms and conditions hereof, the transfer of possession of the Vendor’s interest in and to the Retail Store Permit shall be deemed to take effect on the Closing Date.
For greater certainty, the Purchaser is purchasing the Vendor’s interest in and to the Retail Store Permit only and is not purchasing any business, any inventory, equipment, accounts receivable, debts or any of the Vendor's right, title or interest in, to or under any other asset other than the ability to apply to the Approving Authority in relation to the issuance of the Retail Store Permit as expressly defined herein.
Upon and subject to the terms and conditions hereof, the Vendor shall absolutely sell, assign, transfer and set over to the Purchaser all of the right, title and interest of the Vendor in and to the Retail Store Permit.
The Purchaser shall be liable for and hereby indemnifies, releases and holds harmless the Vendor from and against any and all losses, claims, charges, damages, liabilities, fines, penalties, costs (including legal costs on a solicitor and own client full indemnity basis), expenses, causes of action and judgments arising in any way whatsoever from any and all conditions relating to or attributable to the Retail Store Permit of any type or kind from and after the Closing Date.
With respect to the application to issue the Retail Store Permit which is referred to in Section 4.02, the Vendor acknowledges and agrees that the Purchaser will be making all applications and obtaining the approval of the Approving Authority to have the Retail Store Permit issued in the name of the Purchaser following the execution of this Agreement.
Each of the parties hereto covenants and agrees that there are no brokerage fees or commissions payable to any person in respect of the sale and purchase of the interest in and to the Retail Store Permit other than the buyer’s premium payable pursuant to the auction process, which fee or commission shall be paid exclusively by the Purchaser without deduction from the Purchase Price.