DEVELOPMENT AND OPENING OF STORE Sample Clauses

DEVELOPMENT AND OPENING OF STORE. A. LEASE OR SUBLEASE OF PREMISES OF STORE The FRANCHISEE will contemporaneously with the execution of this Agreement or such later date specified by the FRANCHISOR, lease or sublease the premises of the STORE identified in Paragraph A of Section 2 in the form and manner prescribed by the FRANCHISOR and deliver a copy of such executed lease or sublease to the FRANCHISOR immediately after execution thereof. The FRANCHISOR has the right to review and approve any lease or sublease for the premises of the STORE. The FRANCHISEE agrees not to execute any lease or sublease which has not been approved in writing by the FRANCHISOR. The FRANCHISOR may require that the premises of the STORE be subleased directly from the FRANCHISOR or its affiliate according to the terms of the FRANCHISOR or its affiliate's standard form of sublease or, at the FRANCHISOR's option, that the lease obtained by the FRANCHISEE be collaterally assigned to the FRANCHISOR pursuant to the terms of its standard collateral assignment of lease form, to secure the performance by the FRANCHISEE of his obligations hereunder. If the FRANCHISEE leases the premises directly, the lease for the premises of the STORE shall contain substantially the following provisions:
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DEVELOPMENT AND OPENING OF STORE 
Sample 1

Related to DEVELOPMENT AND OPENING OF STORE

  • Conditions Subsequent to the Initial Extension of Credit The obligation of the Lender Group (or any member thereof) to continue to make Advances (or otherwise extend credit hereunder) is subject to the fulfillment, on or before the date applicable thereto, of each of the conditions subsequent set forth below (the failure by Borrowers to so perform or cause to be performed constituting an Event of Default):

  • Conditions Precedent to the Initial Extension of Credit The obligation of each Lender to make its initial extension of credit provided for hereunder, is subject to the fulfillment, to the satisfaction of Agent and each Lender of each of the conditions precedent set forth on Schedule 3.1 (the making of such initial extension of credit by a Lender being conclusively deemed to be its satisfaction or waiver of the conditions precedent).

  • Additional Conditions to Letters of Credit If the issuance of a Letter of Credit is requested, all conditions set forth in Section 2.3 shall have been satisfied.

  • Conditions to Effectiveness of Extension Notwithstanding the foregoing, (x) no more than two (2) extensions of the Maturity Date shall be permitted hereunder and (y) any extension of any Maturity Date pursuant to this Section 2.21 shall not be effective with respect to any Extending Lender unless:

  • Conditions Precedent to Initial Extension of Credit The obligation of each Lender to make an Advance or of any Issuing Bank to issue a Letter of Credit on the occasion of the Initial Extension of Credit hereunder is subject to the satisfaction of the following conditions precedent before or concurrently with the Initial Extension of Credit:

  • Construction of this Amendment; Participation Agreement (a). This Amendment shall be interpreted to be consistent with, and to facilitate compliance with and reliance on, Rule 30e-3 under the 1940 Act and Rule 498A (including paragraph (j) thereof) under the 1933 Act and any interpretations of those Rules by the Securities and Exchange Commission, its staff, courts, or other appropriate legal authorities.

  • Procedure for Termination, Amendment, Extension or Waiver A termination of this Agreement pursuant to Section 7.01, an amendment of this Agreement pursuant to Section 7.03 or an extension or waiver of this Agreement pursuant to Section 7.04 shall, in order to be effective, require in the case of Parent, Sub or the Company, action by its Board of Directors.

  • Conditions to Initial Extension of Credit The agreement of each Lender to make the initial extension of credit requested to be made by it is subject to the satisfaction, prior to or concurrently with the making of such extension of credit on the Closing Date, of the following conditions precedent:

  • CONDITIONS OF INITIAL EXTENSION OF CREDIT The obligation of Bank to extend any credit contemplated by this Agreement is subject to the fulfillment to Bank's satisfaction of all of the following conditions:

  • CONDITIONS TO EFFECTIVENESS OF THIS FIRST AMENDMENT Section 3.1. This First Amendment shall not become effective until, and shall become effective when, each and every one of the following conditions shall have been satisfied:

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