Closing Stores definition

Closing Stores means those Stores (i) set forth on Schedule C, which Buyer hereby designates as Stores that will close on a Store-by-Store basis effective no later than the Sale Termination Date and (ii) otherwise identified to Agent by Buyer in writing following the Closing; provided, however, that at any time prior to the expiration of the Designation Rights Period applicable to a Closing Store Lease of a Closing Store, Buyer may notify Agent in writing that such Closing Store shall no longer be deemed to be a Closing Store and from and after delivery of such notice, such Store shall not be a Closing Store and such Lease shall not be a Closing Store Lease.

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Closing Stores means certain of Merchant’s retail store locations identified by Merchant as “Closing Stores”, the initial list of which is annexed as Exhibit A.

Closing Stores shall have the meaning set forth in Section 2.1.

Examples of Closing Stores in a sentence

In addition to any other rights granted to Agent elsewhere in this Agreement, Agent shall be permitted to conduct the Sale as follows: (i) at the Closing Stores by means of Closing Store Advertising, (ii) at the Continuing Stores through Continuing Store Advertising, and (iii) through E-Commerce Sites through Continuing Store Advertising, in each case throughout the Sale Term without compliance with any Liquidation Sale Laws.
If Buyer has an interest in acquiring Designated F&E from one or more Closing Stores after the sale thereof is commenced by Agent, Agent agrees to cease selling such Furnishings and Equipment if requested by Buyer.
The Inventory Count shall be completed at all of the Closing Stores and distribution centers and the New York jewelry office no later than five (5) calendar days after the entry of the Approval Order, time being of the essence.
For the avoidance of doubt, Buyer (as distinguished from the JV Agent) shall not have any obligation to pay any Expenses with respect to any Closing Stores to the extent such Expenses arise prior to the occurrence of the Vacate Date (as defined in the Agency Agreement) with respect to such Closing Store.
Agent shall complete the Sale at the Closing Stores, and shall vacate all of the Closing Store premises on or before December 31, 2008 (the “Sale Termination Date”) unless the Sale and the Sale Termination Date are extended by mutual agreement of Agent and Merchant following a commensurate extension of the expiry date of the Agent Letter of Credit, provided that Agent may terminate the Sale at any Closing Store location upon ten (10) days’ written notice to Merchant.
Immediately following the entry of the Approval Order, Seller and Buyer shall cause to be taken an "SKU" physical inventory (the "Inventory Count") of all Inventory located in the Closing Stores and at Seller's distribution centers in Ashland, Virginia and Richmond, Virginia and at Seller's jewelry office in New York, New York.
Agent shall vacate the Closing Stores on or before the Sale Termination Date, as provided for herein, at which time Agent shall surrender and deliver the Closing Store premises and Store keys to Merchant.
Agent is directed to accept all returns of Merchandise sold prior to the Sale Commencement Date at all Closing Stores in accordance with Merchant's return policies in effect on the Sale Commencement Date for fourteen (14) days following the Sale Commencement Date.
Irrespective of the achievement of the Merchandise Threshold, the Merchant may also transfer such other finished goods inventory to the Closing Stores as Agent shall agree, and such inventory shall be deemed to be Transferred Goods for all purposes of this Agreement.
All sales of Merchandise at the Closing Stores (and, at Purchaser’s election, in its sole discretion, at the Designation Rights Stores) will be “final sales” and “as is,” and appropriate signage and sales receipts will reflect the same.

More Definitions of Closing Stores

Closing Stores. Has the meaning given that term in the Senior Loan Agreement.

Closing Stores. The Borrower's Stores set forth on EXHIBIT 1.2 hereto which the Borrower has advised the Lender the Borrower intends to permanently close.

Closing Stores means the Closing Stores under and as defined in the APA, as such Stores are from time to time designated as Closing Stores thereunder pursuant to the procedures set forth in the APA. Each Store that is not a Closing Store shall be referred to as a “Continuing Store” and, collectively, the “Continuing Stores”.