Redevelopment Notice Clause Samples

Redevelopment Notice. SML will provide you with a Redevelopment Notice, which will: (a) give You at least 60 days' notice in writing of: (1) the date upon which the rights and obligations under your Licence will be suspended; or (2) the date by which You will be required to move to an alternate Stand or Store; (b) provide details of: (1) the estimated period of time for which the rights and obligations under your Licence will be suspended; or (2) the alternate Stand or Store to which You will be moving and the estimated period of time you will be required to occupy the alternate Stand or Store; and (c) detail the Redevelopment as it affects the Premises, including notification that in the event the rights and obligations under your Licence are suspended pursuant to clause 19.2(b) then during this suspension period: (1) You will not be able to use and occupy the Premises or Sell Goods in the Markets; and (2) You will not be liable for the Rent and the Dues.