Store Closings. Close more than 250 full line Sears or Kmart Stores in any fiscal quarter or more than 500 full line Sears or Kmart Stores in any four consecutive fiscal quarters without the consent of the Agent, such consent not to be unreasonably withheld and/or fail to comply with the requirements of the definition of Store Closure Sale when and as applicable.
Store Closings. Close any location at which the Loan Parties maintain, offer for sale or store any of the Collateral unless such closing, in any Fiscal Year, results in no more than a 10% store reduction from the aggregate number of stores open as of the first day of such Fiscal Year.
Store Closings. For the protection of employees in stores that may be closed for any reason, the following clause is added: Employees shall be protected as to employ ment and seniority and shall not lose any time due to such closings. These employees shall be temporar ily transferred to other departments, rather than be discharged, if they so desire, and shall be paid the going wage for the new job, with full consideration being ‘given their length of service. When new jobs are available or when vacancies occur, these employees shall be advanced to better paying operations or better jobs in their respective departments on the basis of seniority, providing they are able to do the work. Any employee who may be discharged shall be entitled to a hearing before representatives of the Company and the Union.
Store Closings. On the evening prior to the Date of Inventory, Seller shall close the Pharmacy to the general public and the Pharmacy shall remain closed thereafter. Seller shall have the right to continue the operation of selling non-prescription merchandise.
Store Closings. In the event that the Employer permanently closes, or sells a store and employees are terminated as a result thereof, separation pay will be paid under the conditions detailed below. ' / An employee who has averaged at least thirty (30) hours per week for the eight (8) weeks preceding his separation due to the sale or closing will qualify for separation pay if:
Store Closings. Except as set forth in Section 5.26 of the Company Disclosure Schedule, neither the Company nor any of its Subsidiaries have any material Liability of any kind related to the closing of any store with respect to which the Company or any of its Subsidiaries terminated, following January 1, 1990, its leasehold or subleasehold interest.
Store Closings. Except as set forth in Section 6.26 of the Gart Disclosure Schedule, neither Gart nor any of its Subsidiaries have any material Liability of any kind related to the closing of any store with respect to which Gart or any of its Subsidiaries terminated, following January 1, 1990, its leasehold or subleasehold interest.
Store Closings. Forthwith following the execution of this Agreement, the Purchaser shall use all commercially reasonable efforts to negotiate the closure or sale of its stores set out in Schedule 7.6.
Store Closings. (a) The Saks Companies and/or their Affiliates shall have the right at any time and from time to time to close Stores.
Store Closings. Close more than ten percent (10%) of the Loan Parties’ Stores existing on the Effective Date in any fiscal year without the consent of the Agent, such consent not to be unreasonably withheld and/or fail to comply with the requirements of the definition of Store Closure Sale when and as applicable.
