LVW definition
Examples of LVW in a sentence
For any purpose in this Agreement in which the population of a Special District is used other than Section IV.F.1.b D 6FKRRO 'LVW population will be measured by the number of students enrolled who are eligible under the ,QGLYLGXDOV ZLWK 'LIDVEDA´ELORLUW5L064HHoVfFtheW(RLeGhRaXbQiFlitaDtioWnLAcRt oQf $FW /LEUDU\ 'LVWULFWV¶ StenRpSercXenOt (D10W%)LoRf thQe poZpuLlatOionOservEedH.
Simultaneously with the execution of this Assignment, HGC, LVW, FLH LLC, and 155 LLC, amended, and Hedwigs accepted the amendment of, certain rights and obligations under the Consent Agreement as set forth in that certain Second Amendment and Acknowledgment to Consent and Assignment Agreements (the “Second Amendment”).
The restaurant and services provided by HGC or HGC’s assignee(s) shall be of a high quality which is objectively comparable to the current establishment and operations of other Hooters restaurants operated by the principals of LVW.
Therefore, the District shall annually train all existing and newly-KLUHG SURIHVVLRQDO HGXFDWRUV LQ WKH 'LVW MTSS and appropriate use of the SRR Handbook.
In addition to any other rights provided herein, LVW shall have the right to protect the Quality of Activities as set forth in Section XI of the License Agreement: Any such assignee must comply with such requirements as if such assignee is the Licensee and LVW is the Licensor under the License Agreement.
If HGC or HGC’s assignees fails to pay the Consent Fee when due, in addition to all of LVW’s other rights and remedies hereunder, HGC or HGC’s assignees shall pay to LVW, as additional fees, an amount equal to the greater of (i) 3% of the Consent Fee then due or (ii) $100 per day for each day the payment is overdue.
If the Closure occurs at anytime within 36 months from the Closing Date, HGC or HGC’s assignee, shall within 20 days of Closure pay a termination fee to LVW equal to the greater of (y) $1,000,000 or (z) the previous 24 months of royalties (“Termination Fee”).
The LVW Fees shall be paid and reported in accordance with the terms set forth in the Second Amendment and Acknowledgment to Consent and Assignment Agreements.
In the event that HGC or HGC’s assignee(s) has not taken appropriate steps to restore such quality within thirty (30) days after receiving written notification from LVW, LVW shall have the right to terminate the Consent and require that HGC or HGC’s assignee(s) cease using the the Hooters restaurant concept at the Hotel Casino, which includes the sale of Hooters merchandise and all other ancillary rights related thereto.
LVW agrees that during the term of this Consent, if LVW, or any other operator, operates a Hooters restaurant concept within the area known as the Las Vegas Strip (as defined below) then this Consent may be terminated by HGC, or its assignee, without any obligation for the payment of the Termination Fee (as defined herein).