Automatic Buy-Back Sample Clauses

Automatic Buy-Back. 18.3.1 SANParks shall, subject to the provisions of Clause 25.3 and Clause 26 at the termination of this agreement for whatever reason, be entitled to re-purchase the Restaurant Business including the Sale Assets and the Capital Investment Assets.
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Automatic Buy-Back. In the event that Section 8.2 is breached at any time when the G.P. would be taxed as a corporation under (S)7704 of the Code, but for the application of (S)7704(c), the Partnership shall redeem for the greater of $5,500,000.00 or the Exercise Price of all of the L.P.'s Partnership Interest. ------------------------------------------------------------------------------------------------------------------------------------ PATRIOT AMERICAN OPTIONS/RIGHTS OF FIRST REFUSAL PROVISIONS IN MANAGEMENT AGREEMENTS Relating to Properties (Owned or Leased) ---------------------------------------- PROPERTY MANAGER DOCUMENT PATRIOT PARTY (S) REFERENCE Crowne Plaza Ravinia, Holiday Inns, Inc. Management Agreement dated PAH Ravinia, Inc. Article 18 contains a right of Atlanta, GA December 1, 1995, as ROFO in favor of Holiday Inns, amended by a First Inc. The Memorandum of Amendment to Management Management Agreement which was Agreement dated as of April apparently executed and recorded 30, 1996 recites that the franchise agreement (which is activated upon termination of the management agreement) also contains a ROFO which runs consecutively with the right of first offer in the management agreement. ------------------------------------------------------------------------------------------------------------------------------------ PATRIOT AMERICAN OPTIONS/RIGHT OF FIRST REFUSAL PROVISIONS IN FRANCHISE AGREEMENTS Relating to Properties (Owned or Leased) ----------------------------------------
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Automatic Buy-Back. 17.1 SANParks shall, subject to the provisions of Clause 24.3 and Clause 25 at the termination of this PPP Agreement for whatever reason, be entitled to re-purchase the Business including the Capital Investment Assets.
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Automatic Buy-Back. 18.3.1 SANParks shall, subject to the provisions of Clause 25.3 and Clause 26 at the termination of this PPP Agreement for whatever reason, be entitled but not obliged to re-purchase the Business including the Sale Assets and the Capital Investment Assets.
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Automatic Buy-Back. 18.7.1 SANParks shall, subject to the provisions of Clause 26 and Clause 25.3, at the termination of this agreement for whatever reason, be entitled to re-purchase the Business, including the Sale Assets and New Project Assets, as a going concern, for a consideration equal to the market value at that time, subject to the provisions of Clause 18.7.3, of the Sale Assets and the New Project Assets, mutatis mutandis on the same terms and conditions as those contained in this agreement, fair wear and tear excepted. The market value of the Sale Assets and the New Project Assets shall be determined by a panel of 3 (three) evaluators, one to be appointed by each of the parties and a third independent evaluator, by the first two appointed evaluators.
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Related to Automatic Buy-Back

  • Automatic Debit In order to effectuate the timely payment of any of the Obligations when due, Borrower hereby authorizes and directs Lender, at Lender’s option, to: (i) debit, or cause or instruct the debit of, the amount of the Obligations to any ordinary deposit account of Borrower; or (ii) make a Revolving Loan hereunder to pay the amount of the Obligations.

  • Automatic Updates If you choose to allow automatic app updates, your device will periodically check with Apple for updates and upgrades to the Apple Software and, if an update or upgrade is available, the update or upgrade will automatically download and install onto your device and, if applicable, your peripheral devices. You can turn off the automatic app updates altogether at any time by changing the automatic app updates settings found within Settings.

  • Automatic Renewal Each Schedule will renew automatically at the end of the then-current Schedule Term for a Schedule Renewal Term unless terminated in accordance with this Agreement by either You or Company.

  • Automatic Conversion Upon the automatic conversion of all outstanding shares of the series of equity securities comprising the Exercise Shares, this Warrant shall become exercisable for that number of shares of Common Stock of the Company into which the Exercise Shares would then be convertible, so long as such shares, if this Warrant had been exercised prior to such offering, would have been converted into shares of the Company’s Common Stock pursuant to the Company’s Certificate of Incorporation. In such case, all references to “Exercise Shares” shall mean shares of the Company’s Common Stock issuable upon exercise of this Warrant, as appropriate.

  • Automatic Exercise To the extent this Warrant is not previously exercised, it shall be deemed to have been automatically converted in accordance with Sections 3(b) and 3(c) hereof (even if not surrendered) as of immediately before its expiration, involuntary termination or cancellation if the then-Fair Market Value of a Warrant Share exceeds the then-Warrant Price, unless Holder notifies Company in writing to the contrary prior to such automatic exercise.

  • Automatic Renewal Limitation for TIPS Sales No TIPS Sale may incorporate an automatic renewal clause that exceeds month to month terms with which the TIPS Member must comply. All renewal terms incorporated into a TIPS Sale Supplemental Agreement shall only be valid and enforceable when Vendor received written confirmation of acceptance of the renewal term from the TIPS Member for the specific renewal term. The purpose of this clause is to avoid a TIPS Member inadvertently renewing an Agreement during a period in which the governing body of the TIPS Member has not properly appropriated and budgeted the funds to satisfy the Agreement renewal. Any TIPS Sale Supplemental Agreement containing an “Automatic Renewal” clause that conflicts with these terms is rendered void and unenforceable.

  • Automatic Reduction Promptly following each date on which the Required Amount is reduced as a result of a reduction in the Pool Balance of the Class B Certificates or otherwise, the Maximum Commitment shall automatically be reduced to an amount equal to such reduced Required Amount (as calculated by the Borrower). The Borrower shall give notice of any such automatic reduction of the Maximum Commitment to the Liquidity Provider within two Business Days thereof. The failure by the Borrower to furnish any such notice shall not affect such automatic reduction of the Maximum Commitment.

  • Automatic Early Termination provision of Section 6(a) will not apply to Party A and will not apply to Party B.

  • Automatic Acceleration Upon the occurrence of an Event of Default described in Section 8.01(n), the Facility shall be automatically terminated and the Loans and all other Obligations shall be immediately due and payable upon the occurrence of such event, without demand or notice of any kind.

  • Automatic Extension At the end of the initial term and any subsequent ------------------- term, this Agreement shall automatically renewed for a five (5) year term unless one of the parties provides the other party with written notice of intent not to renew, not less than one hundred eighty (180) day prior to the expiration of the then current term.

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