Radius Clause Clause Samples

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Radius Clause. Tenant shall not, during the Lease Term, own, operate, maintain or control any business similar to, or competing with the business to be conducted on the Leased Premises, and located within a radius of one and one-half (1 1/2) miles from the outside boundaries of the Shopping Center, with the exception of any such business in operation by Tenant prior to the date of this Lease.
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Radius Clause. Tenant agrees that during the first five (5) years of the Lease Term, neither Tenant nor any officer of Guarantor nor any person, corporation, partnership, joint stock association, trust or other firm or entity which controls Tenant or is controlled by Tenant or is under common control with either Tenant or Guarantor (herein a “TENANT AFFILIATE”) shall either directly or indirectly, commence operation of any restaurant which in any manner competes with the restaurant which is to be operated at the Leased Premises within six (6) miles of the Leased Premises, which Tenant acknowledges is a reasonable radius for the purpose of this provision. Landlord shall be entitled to enforce the foregoing prohibition by all legal and equitable means including, without limitation, the obtaining of injunctive relief. Following the first five (5) years of the Lease Term, a Tenant Affiliate shall be permitted to open another restaurant within a six (6) mile radius of the Leased Premises provided that (i) such other restaurant operates under a name other than the Trade Name under which Tenant is then operating, (ii) has a different decor and theme than the restaurant then operated at the Leased Premises and (iii) there are not more than two (2) steak dishes on the menu of such other restaurant. Further, if a Tenant Affiliate opens such other restaurant within a six (6) mile radius of the Leased Premises, then Tenant also covenants that the Percentage Rent which it will pay to Landlord under this Lease will not, for any subsequent Lease Year, be less than the greater of (i) the Percentage Rent payable for the Lease Year preceding the Lease Year in which the other restaurant opened, or (ii) the average Floor Percentage Rent payable for the three (3) Lease Years preceding the Lease Year in which the other restaurant opened (such greater amount being herein called the “Floor Percentage Rent”), and that the Percentage Rent will increase every Lease Year thereafter by an amount equal to two and one-half percent (2 ½%) of the Floor Percentage Rent.
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Radius Clause. Tenant hereby agrees that it shall not directly, or indirectly, during the term of this lease, or any renewals or extensions thereof, open, operate, or otherwise become interested in a business similar in nature or in any way competitive to that business conducted on the demised Leased Premises within a three-mile radius of the demised Leased Premises.
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Radius Clause. Landlord agrees that there shall be no radius clause whereby Tenant shall be prohibited from opening or operating another Papa ▇▇▇▇▇▇’▇ Take ‘N’ Bake Pizza store.
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Related to Radius Clause

  • Sunset Clause Notice of disciplinary action which may have been placed on the personnel file of an employee shall be destroyed after two (2) years have elapsed since the disciplinary action was taken provided that no further disciplinary action has been recorded during this period. The employee shall be notified orally when such notice has been destroyed.

  • BREAK CLAUSE IF YOU HAVE OPTED FOR A FIXED TERM CONTRACT YOU WILL NOT HAVE THE DETAILS OF A BREAK CLAUSE NOTED IN YOUR PARTICULARS. 5.1. The Landlord shall be entitled to serve upon the Tenant Statutory Notice of not less than two calendar months to break this tenancy. Such Notice: 5.1.1. Shall be at least 2 months’ notice to break this Tenancy 5.1.2. Shall not expire before the end of the «D0000_401C_0#Landlord_notice_take_effect» month of the term 5.

  • ZIPPER CLAUSE 1. This Agreement sets forth the full and entire understanding of the parties regarding the matters herein. This Agreement may be modified, but only in writing, upon the mutual consent of the parties.

  • CONTRACT CLAUSES  A SOLICITATION/CONTRACT FORM 1  I CONTRACT CLAUSES 58  B SUPPLIES OR SERVICES AND PRICES/COSTS 2 PART III - LIST OF DOCUMENTS, EXHIBITS & ATTACHMENTS  C DESCRIPTION/SPECS./WORK STATEMENT 25  J LIST OF ATTACHMENTS 74  D PACKAGING AND MARKING 26 PART IV - REPRESENTATIONS AND INSTRUCTIONS  E INSPECTION AND ACCEPTANCE 27 K REPRESENTATIONS, CERTIFICATIONS OTHER STATEMENTS OF OFFERORS  F DELIVERIES OR PERFORMANCE 29  G CONTRACT ADMINISTRATION DATA 32 L INSTRS., CONDS., AND NOTICES TO  H SPECIAL CONTRACT REQUIREMENTS 34 M EVALUATION FACTORS FOR AWARD

  • General Clauses 29.1 This Deed of Sale constitutes the entire agreement between the Parties as to the subject matter hereof and no agreement, representation or warranty between the Parties other than those set out herein are binding on the Parties. 29.2 No extension of time, waiver, indulgence or suspension of any of the provisions of this agreement, which any Party hereto may have given, shall be binding unless recorded in a written document signed by all Parties. 29.3 No variation or alteration or cancellation of this Deed of Sale or any of the terms hereof, shall be of any force or effect, unless in writing and signed by the Parties hereto. 29.4 The Parties signing this document confirm that they have read and understood all of the terms and conditions contained herein and agree that they are bound hereto. 29.5 The Seller and the Purchaser warrants that they are duly authorised to sign acceptance of the Deed of Sale. 29.6 The agreements and undertaking of parties contained in this agreement shall each be construed as an agreement and undertaking independent of any other provision of this agreement. The parties hereby expressly agree that it is not the intention of any party to violate any public policy, statutory or common law, and that if any sentence, paragraph, clause or combination of the same is in violation of the law of the Republic of South Africa, such sentence, paragraph, clause or combination of the same alone shall be void in the jurisdiction where it is unlawful, and the remainder of such clause and this agreement shall remain binding upon the parties hereto. The parties further acknowledge that it is their intention that the provisions of this agreement be binding only to the extent that they may be lawful under existing applicable law of the Republic of South Africa, and in the event that any provision hereof is determined to be overly broad or unenforceable, the parties hereto agree to the modification of such provisions by their attorneys to the minimum extent required to make them valid and enforceable.