Opening Date definition
Examples of Opening Date in a sentence
If termination occurs after the Opening Date but before the 2nd (second) anniversary of the Opening Date, Licensee agrees to pay to Licensor Liquidated Damages in the amount of USD [***].
Royalty Fees are equal to [***] of the Facility accruing during each [***], starting at the earlier of the Opening Date or the date referred to in Section 3.3. Subject to modification by Section 18.1. Вы должны будете перечислять нам Лицензионные Платежи [***], за который они причитаются, по получении от нас счета и акта приемки.
Licensee acknowledges and agrees that the Liquidated Damages payable under this Subsection represent a reasonable estimate of the minimum fair and objective compensation for the losses that Licensor would incur as a result of Licensee’s opening or operating the Hotel before the Opening Date.
On or after the Opening Date, Licensee shall issue to Licensor’s Corporate Tax Department a proper tax invoice (if applicable) showing the VAT amount separately within the amount of the Key Money, and Licensor shall pay the Key Money to Licensee within [***] after receipt of such tax invoice.
Beginning six (6) years after the Opening Date, we may issue a “Renovation Notice” to you that will specify reasonable Facility upgrading and renovation requirements (a “Renovation”) to be commenced no sooner than sixty (60) days after the notice is issued, having an aggregate cost for labor, FF&E and materials estimated by us to be not more than the Renovation Ceiling Amount.