NEW OWNER Sample Clauses

NEW OWNER. In the event of bona fide sale or transfer of any pharmacy covered by this Agreement during the period hereof, the new owner or such transferee shall be notified of the existence of this Agreement. The former owner shall be required to meet any and all monetary benefits that employees have accumulated under this Agreement, but, except as provided in this Section, shall have no further or other obligations whatsoever, notwithstanding any other provision to the contrary in this Agreement.

NEW OWNER. This Agreement shall be binding upon the successors and assigns of the parties hereto. In the event of a bona fide sale or transfer of any store covered by this Agreement during the period hereof, the new owner or such transferee shall be notified of the obligation of this Agreement and be required to become a party hereto. In the event of a bona fide sale or transfer of thirty percent (30%) or more of the stores in Southern California within a period of three (3) months, the new owners or such transferee shall be notified of the obligation of this Agreement and be required to become a party hereto. In the event of a bona fide sale or transfer of less than thirty percent (30%) of the stores in Southern California within a period of three (3) months, the new owners or such transferee shall not be required to become a party hereto. The former owner shall be required to meet any and all monetary benefits that employees have accumulated under this Agreement.

NEW OWNER. In the event of bona fide sale or transfer of any store covered by this Agreement during the period hereof, the new owner or such transferee shall be notified of the existence of this Agreement. The former owner shall be required to meet any and all monetary benefits that employees have accumulated under this Agreement, but, except as provided in this Section, shall have no further or other obligations whatsoever, notwithstanding any other provision to the contrary in this Agreement.

NEW OWNER. If Landlord shall sell, assign, or convey its right, title and interest in premises to another (called herein "new owner"), this Lease shall continue in full force and effect; Tenant shall in all respects recognize the new owner as its Landlord under this Lease, paying all rents and complying with all terms of this Lease. In such event, Landlord shall turn over Tenant's security deposit, if any, to the new owner. Landlord's liability to return same to Tenant shall then cease, and the new owner shall then be obligated to return security deposit to Tenant subject to the terms and conditions of this Lease. The new owner shall have all of Landlord's rights and shall assume all of Landlord's obligations hereunder.

NEW OWNER. New Owner will be bound, as the landlord, to Tenant under all covenants and conditions of the Lease for the remainder of the term of the Lease and any renewal or extension thereof pursuant to the terms of the Lease, which (provided the Lease is then in full force and effect and Tenant is not then in default under the Lease beyond any applicable notice and cure periods provided in the Lease) New Owner shall be deemed to have agreed to assume and perform by acquiring title to and possession of the Property, and Tenant shall, from and after the date New Owner succeeds to the interest of the “landlord” under the Lease, have the same remedies against New Owner for the breach of any covenant contained in the Lease that Tenant might have had under the Lease against Landlord if New Owner had not succeeded to the interest of the “landlord”, except that New Owner: a. will not be bound by any modification or amendment to the Lease entered into without ▇▇▇▇▇▇’s written consent; provided, however, that for purposes of this paragraph a modification or amendment to the Lease shall not include any (i) modification or amendment resulting from a change of the “Rules” as contemplated in Section 9.01(a) of the Lease; and (ii) exercise of existing rights of Landlord (or New Owner) or Tenant in the Lease as of the date of this Agreement. b. will not be bound by any termination of the Lease, in whole or in part, agreed to between Landlord and Tenant without New Owner’s consent, except as such termination is expressly provided for in the Lease; c. will not be liable for any security deposit paid by Tenant to Landlord, except to the extent actually received by New Owner; and d. will not be liable for any act or omission by any prior or subsequent landlord under the Lease which occurs prior to the date (“Acquisition Date”) that New Owner acquires title to and possession of the Property, nor subject to any right of offset or defense which Tenant may have against any prior landlord. Notwithstanding the foregoing, New Owner will be: (1) obligated to cure any continuing default under the Lease which has continued beyond applicable notice and cure periods, and provided that Tenant had provided Lender (or New Owner, upon ▇▇▇▇▇▇’s receipt of written notice of such New Owner) with written notice of such default prior to the Acquisition Date, and provided that in no event shall New Owner be (a) liable in damages to Tenant for such act or omission (except to the extent New Owner fails to cur...

NEW OWNER. If You sell Your Vehicle during the Period of Cover, You may transfer the benefits of this S.C.I to the new owner of Your Vehicle, provided that You sell Your Vehicle privately and not through a garage, motor trader, auctioneers or similar company. The transfer will be subject to a £35 administration fee. The transfer will be subject to the Administrator’s approval and the fee will be returned in the event of non-acceptance.

NEW OWNER. This Agreement shall be bind­ ing upon the successors and assigns of the parties hereto. During the life of this Agreement, the em­ ployee benefits provided for herein shall not be affected by the sale or transfer of the business provid­ ing the employee, or employees, are retained in em­ ployment by the new Employer for a period of more than sixty (60) days.

NEW OWNER. This Agreement shall be binding upon the successors and assigns of the parties hereto. In the event of bona fide sale or transfer of Employer’s business covered by this Agreement during the period hereof, the successor or such transferee shall be notified of the obligation of this Agreement and be re­ quired to become a party hereto.

NEW OWNER. The Tenant must, if asked to by the Landlord, give the Landlord a substitute Bank Guarantee addressed to a person nominated by the Landlord who is a person who has purchased, or agreed to purchase, the Premises or who will be entitled to possession at the end of this Lease.