Examples of Sale Notice Period in a sentence
Prior to the expiration of the Sale Notice Period, Landlord may elect to either (i) require the Purchaser of the Principal Resort to purchase the Resort and to assume the Guaranty, in which case, contingent upon the purchase of the Resort and execution of the Guaranty, the sale of the Principal Resort shall be permitted, or (ii) to permit Vail to sell the Principal Resort, in which case Vail shall remain the Guarantor under the Guaranty and shall reaffirm its obligations thereunder.
During the Sale Notice Period or at any time after the delivery of a Sale Notice, Licensee shall have the irrevocable right to exercise the Option as provided in Section 9.
Licensor covenants and agrees that neither it nor any of the other Sellers will consummate any sale or other transfer of the Xxxx, this Agreement or any other rights with respect to the Xxxx during a Sale Notice Period unless Licensee gives Licensor written notice of its intent not to exercise the Option during the relevant Sale Notice Period.