Permitted Closure definition

Permitted Closure means a closure required for the performance of maintenance, as provided in the Technical Requirements. SIB Loan Repayment Date is defined in Section 7.06(d).

Permitted Closure means to fail to operate the entire or substantially all of a Property as a result of (i) a Casualty or Condemnation, (ii) a Remediation, (iii) a major remodeling of a Property (not to occur more often than one (1) time per every five (5) year period and for no longer than ninety (90) consecutive days), (iv) any material repairs, replacements, improvements or alterations to a Property (not to exceed thirty (30) consecutive days), or (v) a Force Majeure Event (not to exceed sixty (60) consecutive days).

Permitted Closure means any period in which the Costco Facility is not open for business to the public (subject to Costco’s membership policies) for hours of operation consistent with Costco’s other facilities in the State of Texas as:

Examples of Permitted Closure in a sentence

• If such Closure persists more than [30] days, it shall not be deemed to be a Permitted Closure after the first [30] days.

• The Demised Premises shall be occupied and 32 operated from and after the Occupancy Date, continuously and uninterruptedly, during Premises 33 Operating Hours on each and every calendar day during the term of this Lease (specifically including 34 Sundays and Holidays) for the Observation Deck Uses except during a Permitted Closure.

• In the event of the permanent closure of the entirety of Retail Facilities’ Operations on the Property, except due to a Force Majeure Event or Permitted Closure, either Party may terminate this Agreement and all of its prospective obligations under this Agreement without cost or liability, provided that the terms and provisions of this Agreement with respect to City Payments then accrued or due to Owner, or then due from Owner to City shall remain in effect and survive the termination of this Agreement.

• If a Relief Event described in clause (a) or (l) of the definition thereof results in a Closure of one or more Segments, and Developer uses commercially reasonable efforts to mitigate the effects of such Relief Event and the resulting Closure, then such a Closure shall be deemed a Permitted Closure for as long as such Closure persists or up to [30] days, whichever is less.

• No election by either IFA under Section 20.2.4 or Developer under Section 20.2.3 to continue this Agreement in effect shall prejudice or waive the respective Party’s right to thereafter give a Notice of conditional election to terminate with respect to the same or any other Relief Event Delay, Permitted Closure or, with respect to IFA only, Commercially-Unreasonable Insurance Availability.

More Definitions of Permitted Closure

Permitted Closure shall have the meaning set forth in Section 5.08 hereof.

Permitted Closure the Premises are vacant and unoccupied (i) in consequence of any damage or destruction, but only for the period of time reasonably required to complete repair and restoration of same; or (ii) for the purpose of carrying out Alterations approved by the Landlord, but only for the period of time reasonably required to complete same; or (iii) for the purpose of carrying out repairs or decorations to enable the Tenant to comply with clause ‎7.1 where such repairs or decorations cannot reasonably be carried out without closure of the Premises, but only for the period of time reasonably required to complete same or (iv) where such closure is in accordance with good operational practice on account of infectious diseases or similar circumstances; or (v) where such closure is otherwise permitted pursuant to clause ‎9.1.

Permitted Closure means a closure of all or any portion of the Museum or the Premises to the extent caused by one or more of the following causes: (i) one or more causes of Unavoidable Delays, but only for the time period(s) arising as a direct result of such cause; (ii) Restoration, provided such Restoration shall be performed (A) in a diligent and continuous manner and (B) otherwise in accordance with the provisions of this Lease governing Restoration; (iii) Chiller Plant Platform Work, provided that such closure shall be limited to the portion of the Premises so affected); and (iv) Major Construction Work or other required repairs to the Premises, provided

Permitted Closure has the meaning set forth in Section 2.8 of Exhibit 8 (Payment Mechanism).

Permitted Closure has the meaning given in the Payment Schedule.

Permitted Closure means: (1) a closure lasting less than three hundred sixty-five days (365) days regardless of the reason; (2) a Force Majeure Event impacting the Costco; (3) a casualty event provided that the Owner or operator of the Costco are proceeding with the repair and/or reconstruction of the Costco within a commercially reasonable time period;

Permitted Closure means that the Owner may from time to time temporarily restrict or prevent access to the Open Space Land (save for those parts of the Open Space Land which benefit from public rights of way at the date of this Deed) or any part thereof (as applicable) by giving reasonable prior notice to the Borough Council and the District Council in writing (EXCEPT in cases of emergency or danger to the public where such closure is necessary in the interests of public safety or otherwise for reasons of public safety or at the request of the emergency services when no prior notice or consent shall be required) but only for so long as is reasonably necessary for the following purposes: