Opening definition
Examples of Opening in a sentence
Developer hereby grants to Owner, to secure the payment and performance in full of all of the terms and obligations set forth in this Agreement, including Completion of the Project and Opening, a continuing first-lien security interest in, and pledges to Owner, the Collateral, wherever located, whether now owned or hereafter acquired or arising, and all proceeds and products thereof.
From and after the Opening Date, Tenant shall have the right to use the Development Land in accordance with the terms of this Lease; provided, however, that the use of the Development Land (including, without limitation, the construction and development of any structures or other improvements, and/or sublease of the Development Land) for any purpose other than the Primary Intended Use shall require Landlord’s prior written consent.
If this Agreement is terminated before the Termination Date (other than in accordance with Section 6.5), Owner’s security interest in the Collateral shall continue until the Opening Date of the Project and Developer’s satisfaction of Developer’s Cost Obligations (other than inchoate indemnity or other obligations which, by their terms, survive termination of this Agreement).