Examples of Liquor License Agreement in a sentence
Each Liquor License Agreement is in full force and effect and there is no material default, breach or violation existing thereunder by Borrower or the applicable licensee thereunder and no event has occurred that, with the passage of time or the giving of notice, or both, would constitute a default, breach or violation by any party thereunder.
Upon Buyer receiving approval of the transfer of the Liquor License to Buyer pursuant to the Liquor License Agreement, the amount deposited for the Liquor Inventory, together with any interest accrued thereon, shall be released to Seller and title to the Liquor Inventory shall pass to Buyer pursuant to the terms of the Liquor License Agreement.
Together, the Loan Agreement, A Note, B Note, Mortgage, Assignment of Leases and Rents, Financing Statement, Cash Management Agreement, Guaranties, Management Agreement, Assignment of Management Agreement, Liquor License Agreement, and all ancillary, collateral, financing, and security documents signed therewith, the “Loan Documents.”9 Shah SJ Decl.
The Borrower is a party to the Security Agreement, Trademark Agreement, Omnibus Management and Liquor License Agreement, the Atlanta Collateral Assignment, the Cash Management Letters and the Mortgages pursuant to which the Borrower has pledged and created Liens on certain Collateral to secure the Obligations.
If the Liquor Licenses are not obtained by Buyer, its designee or Liquor License Holder simultaneously with or upon completion of closing, the Liquor License Agreement.