Development Term. Development Term" means the twelve (12) month period commencing on December 1, 1998. However, either party may terminate this Agreement during the Development Term immediately upon written notice if either party materially fails to perform its duties hereunder. Providing, such termination shall not affect the obligations of WCCI and NYBE to complete the conversion of any Facilities then under construction.
Appears in 3 contracts
Sources: Joint Venture Agreement (Atomic Burrito Inc), Joint Venture Agreement (New York Bagel Enterprises Inc), Joint Venture Agreement (Western Country Clubs Inc)