Deferred Stores definition
Examples of Deferred Stores in a sentence
The closing with respect to all Approved Deferred Leases (the "Subsequent Closing") will take place as soon as reasonably practicable, and in any event within five (5) Business Days, following the delivery by DEI and Seller to Buyer of the Approved Deferred Stores Schedule, the Subsequent Closing Balance Sheet and any other items required by Section 6.7.3(c).
From and after the Closing Date, Buyer shall (a) operate the Deferred Stores (including any Approved Deferred Stores) until the Subsequent Closing Date or, if no Subsequent Closing occurs, until expiration of the Subsequent Closing Period, and (b) operate the Disney Retained Stores (other than the Flagship Stores) until expiration or termination of the Transitional Disney Retained Stores Agreement, in each case as provided under the Transitional Disney Retained Stores Agreement.
When the requisite Consents with respect to any Deferred Lease have been obtained, the Deferred Stores Schedule shall be amended to remove therefrom the Store leased under such particular Deferred Lease and such Store shall be added to the Approved Deferred Stores Schedule.
The Subsequent Closing Balance Sheet shall be prepared in substantially the same manner and form as the Pro Forma Balance Sheet (including the application of Modified GAAP), except for adjustments made to limit the Subsequent Closing Balance Sheet to the Approved Deferred Stores in accordance with the Store Adjustment Methodology.
From and after the Closing Date, DEI and Seller shall have the right to close and cease operations at any Deferred Stores (subject to the provisions of Section 6.7.3(b)) and/or Disney Retained Stores.