Common use of Closing Notice Clause in Contracts

Closing Notice. When the Producer intends to close any production under this Agreement for any reason, the Producer shall provide a minimum of two (2) weeks written and posted notice of the Producer's intentions prior to the closing of the production. Two (2) weeks notice shall constitute two Monday to Sunday periods. Closing notice shall be given at or before the musicians’ call for the first performance of the second engagement week prior to the closing. Such notice shall be given to the Contractor, who will be responsible for informing the musicians and the Association. Notice given after the beginning of the musicians’ first call of the week shall take effect at the beginning of the next week. Failure to provide notice or insufficient notice will require the Producer to pay the musician one seventh (1/7th) of the musician's weekly performance fee and applicable pension payment for each day in lieu of notice. Payments in lieu of notice shall be calculated from the day of the first call of the week.