Tenants Covenant to Operate Sample Clauses

Tenants Covenant to Operate. Tenant agrees to complete Tenant's work and open the Premises for business to the public adequately fixtured, stocked and staffed on the Rent Commencement Date, and, thereafter throughout the Term of this Lease, to continuously operate in one hundred percent (100%) of the space within the Premises the business prescribed in Section 1.0(t), Mondays through Sundays during such hours as may be reasonably determined by Landlord for the operation of the Shopping Center. Tenant agrees it will not open earlier or close later than such hours without Landlord's prior consent. Notwithstanding anything to the contrary contained herein, Tenant shall be permitted to close the Premises for up to two (2) days per Lease Year for the purpose of taking inventory, provided such days are approved in advance and in writing by Landlord, which approval Landlord shall not unreasonably withhold. In no event shall Tenant be permitted to close the Premises on any day that banks in Nevada are required or permitted, under the state or federal law, to be closed for business ("Holiday"), or within three (3) days of any Holiday.
Sample 1
AutoNDA by SimpleDocs
Tenants Covenant to Operate. Subject to Article XXII, Tenaxx xxxees to complete Tenaxx'x xork and open the Premises for business to the public fully fixtured, stocked and staffed on the RCD, and, thereafter throughout the Term of this Lease, to continuously operate in one hundred percent (100%) of the useable space within the Premises the business prescribed in Article I, Section 1.0(t), Mondays through Sundays during such hours as may be reasonably determined by Landlord for the operation of the Shopping Center; provided, however, that notwithstanding the foregoing, Tenant shall not be required to initially open the Premises for business until the Occupied Center GLA is at least seventy percent (70%) of the aggregate Shopping Center GLA (excluding second level space). Tenaxx xxxees it will not open earlier or close later than such hours without Landxxxx'x xrior consent. Notwithstanding anything to the contrary herein contained, Tenant shall have the right to close the Premises one (1) day each Lease Year (which day shall be mutually acceptable to Landlord and Tenant) for purposes of conducting a physical inventory in the Premises and up to two (2) days each Lease Year in the event, through no fault of Tenant, that Tenant's insurance coverage would not otherwise be met.
Sample 1
Tenants Covenant to Operate. (A) Tenant will, except when prevented from so doing by Force Majeure or by other causes beyond its reasonable control (including the unavailability of film), during Tenant's Operating Period, continuously operate or cause to be operated a first class (but not necessarily first run) multiplex cinema ("Theater") in Tenant's Facility and utilizing at least 50% of the auditoriums located therein for the showing of first run film product (subject to the general availability of first run films in the marketplace) (such covenant being herein called "TENANT'S OPERATION COVENANT"). In accordance with the foregoing, Tenant agrees that at all times during the continuance of Tenant's Operating Covenant, Tenant shall operate and maintain the Theatre with due diligence and efficiency and in conformance with Tenant's operation of its similar first run theaters in the Denver metropolitan area, including observing substantially the same hours and days of operation.
Sample 1
Tenants Covenant to Operate. (A) Tenant will, except when prevented from so doing by Force Majeure or by other causes beyond its reasonable control (including the unavailability of film), during Tenant's Operating Period, continuously operate or cause to be operated a first class (but not necessarily first run) multi-plex cinema ("Theater") in Tenant's Facility and utilizing at least 50% of the auditoriums located therein for the showing of first run film product (subject to the general availability of first run films in the marketplace) (such covenant being herein called "TENANT'S OPERATING COVENANT"). In accordance with the foregoing, Tenant agrees that at all times during the continuance of Tenant's Operating Covenant, Tenant shall operate and maintain the Theatre with due diligence and efficiency and in conformance with Tenant's operation of its similar first-run Theaters in the Denver metropolitan area, including observing substantially the same hours and days of operation. (B) Nothing contained in this Lease or in rules or regulations (if any) promulgated by Landlord shall be deemed in any way to (i) regulate the manner of operation by Tenant of its business in Tenant's Facility (other than as required by Paragraph(Al), or (ii) require Tenant to operate all its theatre auditoriums (but Tenant shall, subject to Force Majeure, operate at least 12 auditoriums during the continuance of Tenant's Operating Covenant), or (iii) give Landlord any right, express or implied, of censorship over any attractions exhibited in Tenant's Facility or over the content of Tenant's advertising. (C) If Tenant shall breach the covenant to continuously operate set forth in SECTION 1.6 of the MVC/AMC Deed, Tenant shall be responsible for and shall timely pay the Two Hundred Fifty Thousand Dollar ($250,000.00) liquidated damage
Sample 1
Tenants Covenant to Operate. (a) HOURS AND MANNER OF OPERATION. TENANT agrees to complete TENANT'S work and open the PREMISES for business to the public fully fixtured, stocked and staffed on the Rent Commencement Date, and thereafter throughout the term of this lease, to continuously operate in one hundred percent (100%) of the space within the PREMISES the business prescribed in Article 1, Section 1(m) on all business days during the hours of 10:00 a.m. until 9:30 p.m., Monday through Saturday and 12:00 noon until 5:30 p.m. on Sundays or such other hours as LANDLORD shall establish, from time to time, as the standard Shopping Center business hours. TENANT agrees it will not open earlier or close later than the hours established by LANDLORD as the standard Shopping Center business hours except that TENANT may open at 9:00 a.m. for the convenience of pedestrians in the Enclosed Mall provided that LANDLORD has opened the Enclosed Mall to pedestrian traffic at such earlier hour and TENANT agrees to observe such hours as LANDLORD may prescribe during special events, seasonal shopping periods, or such other times that LANDLORD determines that the standard hours should be modified. In operating its business, TENANT agrees to carry sufficient merchandise in the PREMISES at all times, but to warehouse, store and/or stock only such quantities of merchandise as are reasonably required to facilitate sales from the PREMISES. TENANT agrees to fully and adequately staff the PREMISES with sufficient sales personnel and to use for office, clerical or other non-selling purposes only such space in the PREMISES as is reasonably required for TENANT'S business therein (not including any other business of TENANT in locations other than the PREMISES). TENANT recognizes that the covenants of TENANT in this Article 8, Section 2 are a material consideration to LANDLORD in order that TENANT might produce the maximum Gross Sales possible from the PREMISES during the lease term.
Sample 1
Tenants Covenant to Operate. Tenant agrees to complete Tenant's work and open the Premises for business to the public fully fixtured, stocked and staffed on the RCD, and, thereafter throughout the Term, to continuously operate in one hundred percent (100%) of the space within the Premises the business prescribed in Article I, Section 1.0(t), Mondays through Saturdays from 11:30 A.M. to 9:00 P.M. and on Sundays from 12:00 Noon until 6:00 P.M., or such other operating days and hours as may be reasonably determined by Landlord for the operation of the Shopping Center. Tenant agrees it will not open earlier or close later than such hours without Landlord's prior written consent. Tenant acknowledges and agrees that it is difficult to assess damages resulting from its failure to comply with the terms and conditions contained in this Section 8.2. Consequently, Tenant agrees to pay Landlord $100 on demand as and for liquidated damages and additional rent under this Lease for each such failure, and if there occurs three (3) such failures during any consecutive twelve (12) month period during the Term, an Event of Default shall then be deemed to have occurred hereunder. Notwithstanding anything to the contrary contained in this Section 8.2, Tenant may be open for additional hours in excess of those provided above provided that Tenant coordinates such requests for additional hours with Landlord's Mall Manager and receives the Mall Manager's written approval therefore, which approval shall not be unreasonably withheld, delayed or conditioned. In addition, Tenant may close for business on Christmas, Thanksgiving and Easter. Landlord shall not unreasonably withhold, delay or condition any reasonable requests by Tenant to be closed for business for the purpose of repairing and/or remodeling the Premises, provided, however, that Landlord must agree in writing to the exact number of days when Tenant may be closed for business.
Sample 1
Tenants Covenant to Operate. Tenant agrees to complete Tenant's work and open the Premises for business to the public adequately fixtured, stocked and staffed on the Rent Commencement Date, and, thereafter throughout the Term of this Lease, to continuously operate in one hundred percent (100%) of the sales space within the Premises the business described in Article I, Section 1.0(s), Mondays through Saturdays from 10:00 A.M. to 9:00 P.M. and on Sundays from 12:00 Noon until 6:00 P.M., or such other operating days and hours as may be reasonably determined by Landlord for the operation of the Shopping Center. Tenant agrees it will not open earlier or close later than such hours without Landlord's prior written consent. Landlord's consent may be conditioned on Tenant's payment of additional costs incurred by Landlord as a result of Tenant's extended hours of operation. Notwithstanding anything to the contrary contained in this Lease, in no event shall Tenant be required to be open for business in the Premises, at any time unless at such time at least two (2) "Major Department Stores" (as hereinafter defined) and tenants occupying at least seventy percent (70%) of the Shopping Center GLA (excluding the GLA of the Major Department Stores) shall also be open for business to the public. "
Sample 1
AutoNDA by SimpleDocs
Tenants Covenant to Operate 
Sample 1Sample 2Sample 3See All (4)

Related to Tenants Covenant to Operate

  • Tenant’s Covenants The Tenant covenants with the Landlord as follows:

  • Landlord's Covenant Upon payment by the Tenant of the rents and other charges herein provided, and upon the observance and performance of all the covenants, terms and conditions on Tenant’s part to be observed and performed, Tenant shall peaceably and quietly hold and enjoy the Premises for the term hereby demised without hindrance or interruption by Landlord or any other person or persons lawfully or equitably claiming by, through or under the Landlord, subject, nevertheless, to the terms and conditions of this Lease.

  • LESSEE'S COVENANTS Lessee further covenants and agrees as follows:

  • LANDLORD'S COVENANTS The Landlord covenants with the Tenant:

  • LANDLORD'S RIGHT TO PERFORM TENANT'S COVENANTS If Tenant shall at any time fail to make any payment or perform any other act on its part to be made or performed under this Lease, Landlord may, but shall not be obligated to, make the payment or perform any other act to the extent Landlord may deem desirable and, in connection therewith, pay expenses and employ counsel. Any payment or performance by Landlord shall not waive or release Tenant from any obligations of Tenant under this Lease. All sums so paid by Landlord, and all penalties, interest and costs in connection therewith, shall be due and payable by Tenant on the next day after any payment by Landlord, together with interest thereon at the Interest Rate, from that date to the date of payment thereof by Tenant to Landlord, plus collection costs and attorneys' fees. Landlord shall have the same rights and remedies for the nonpayment thereof as in the case of default in the payment of Rent.

  • Tenant Covenants The Tenant covenants during the Term and for such further time as the Tenant occupies any part of the Premises:

  • LESSOR'S COVENANTS The Lessor covenants and agrees that, unless the Agent and the Lenders shall have otherwise consented in writing:

  • Tenant’s Conduct Tenant shall not conduct on premises any activity deemed extra hazardous, or a nuisance, or requiring an increase in fire insurance premiums.

  • Landlord Covenants Landlord covenants and agrees to the following during the Term

  • Operating Covenants The Issuer covenants with the Indenture Trustee as follows, provided that any of the following covenants with respect to the Portfolio Railcars shall not be deemed to have been breached by virtue of any act or omission of a Lessee or sub-lessee, or of any Person which has possession of a Portfolio Railcar for the purpose of repairs, maintenance, modification or storage, or by virtue of any requisition, seizure, or confiscation of a Portfolio Railcar (other than seizure or confiscation arising from a breach by the Issuer of such covenant) (each, a “Third Party Event”), so long as (i) none of the Issuer, the Servicer or the Administrator has consented to such Third Party Event; and (ii) the Issuer (or the Servicer on its behalf) as the Lessor of such Portfolio Railcar promptly and diligently takes such commercially reasonable actions as a leading railcar operating lessor would reasonably take in respect of such Third Party Event, including, as deemed appropriate (taking into account, among other things, the laws of the jurisdiction in which such Portfolio Railcar is located or operated), seeking to compel such Lessee or other relevant Person to remedy such Third Party Event or seeking to repossess the relevant Portfolio Railcar:

Time is Money Join Law Insider Premium to draft better contracts faster.