FAILURE TO COMPLY WITH DEVELOPMENT SCHEDULE Sample Clauses

FAILURE TO COMPLY WITH DEVELOPMENT SCHEDULE. The FRANCHISEE'S failure to comply with the above development schedule will constitute a material breach of this Agreement by the FRANCHISEE and, in that event, CITY LOOKS will have the right to terminate this Agreement as provided herein. Termination of this Agreement as a result of the FRANCHISEE'S failure to meet the development schedule set forth above will not affect the individual Franchise Agreements signed by the FRANCHISEE for City Looks businesses opened and operated in the Franchised Area pursuant to this Agreement prior to termination; however, upon termination of this Agreement, all rights to open and operate additional City Looks businesses in the Franchised Area and all other rights granted to the FRANCHISEE under this Agreement will immediately revert to CITY LOOKS, without affecting those obligations of the FRANCHISEE that continue beyond the termination of this Agreement.
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FAILURE TO COMPLY WITH DEVELOPMENT SCHEDULE. The FRANCHISEE'S failure to comply with the above development schedule will constitute a material breach of this Agreement by the FRANCHISEE and, in that event, WCH will have the right to terminate this Agreement as provided herein. Termination of this Agreement as a result of the FRANCHISEE'S failure to meet the development schedule set forth above will not affect the individual Franchise Agreements signed by the FRANCHISEE for the We Care Hair Businesses opened and operated in the Franchised Area pursuant to this Agreement prior to termination; however, upon termination of this Agreement, all rights to open and operate additional We Care Hair Businesses in the Franchised Area and all other rights granted to the FRANCHISEE under this Agreement will immediately revert to WCH, without affecting those obligations of the FRANCHISEE that continue beyond the termination of this Agreement.
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FAILURE TO COMPLY WITH DEVELOPMENT SCHEDULE. The FRANCHISEE'S failure to comply with the above development schedule will constitute a material breach of this Agreement by the FRANCHISEE and, in that event, COST CUTTERS will have the right to terminate this Agreement as provided herein. Termination of this Agreement as a result of the FRANCHISEE'S failure to meet the development schedule set forth above will not affect the individual Franchise Agreements signed by the FRANCHISEE for the Cost Cutters Businesses opened and operated in the Franchised Area pursuant to this Agreement prior to termination; however, upon termination of this Agreement, all rights to open and operate additional Cost Cutters Businesses in the Franchised Area and all other rights granted to the FRANCHISEE under this Agreement will immediately revert to COST CUTTERS, without affecting those obligations of the FRANCHISEE that continue beyond the termination of this Agreement.
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FAILURE TO COMPLY WITH DEVELOPMENT SCHEDULE. If the Engineer has at any time reasonable belief that the Contractor may not deliver the first instalment of the Initial Order as set out in Schedule 3 to the Supply Conditions on the Delivery Date as set out in Schedule 3 to this Annexure in full compliance with the TNCI Requirement and Outline Development Programme, TNCI shall be entitled to terminate the Contract in accordance with Clause 20.1 of this contract.
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FAILURE TO COMPLY WITH DEVELOPMENT SCHEDULE. The Developer or Granite City’s failure to comply with the above Development Schedule without material contribution to such failure by the other party will constitute a material breach of this Agreement by the defaulting party and, in that event, the non-defaulting party will have the right to terminate this Agreement as provided in Section 4.2. Termination of this Agreement as a result of the defaulting party’s failure to meet the Development Schedule set forth above will not affect an individual Restaurant which is in compliance with the Development Schedule or for which a lease has been executed, but will terminate the contract with respect to the obligation to construct or lease additional Restaurants with Developer.
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FAILURE TO COMPLY WITH DEVELOPMENT SCHEDULE. The Developer or Granite City’s failure to comply with the above Development Schedule will constitute a material breach of this Agreement by the defaulting party and, in that event, the non-defaulting party will have the right to terminate this Agreement as provided in Section IV.B. Termination of this Agreement as a result of the defaulting party’s failure to meet the Development Schedule set forth above will not affect an individual restaurant which is in compliance with the Development Schedule but will terminate the contract with respect to the obligation to construct or lease additional restaurants with Developer for which construction has not yet commenced. Notwithstanding the above, if Developer has constructed three (3) restaurants in accordance with the Development Schedule, the failure of Developer to comply with the Development Schedule for one restaurant shall not be grounds for termination of this Agreement. If the Developer fails to comply with the Development Schedule for two or more restaurants, this Agreement shall be terminated by Granite City at its option.
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Related to FAILURE TO COMPLY WITH DEVELOPMENT SCHEDULE

  • Obligation to comply with notice The Borrower shall comply with a notice under Clause 6.1 by the date specified in the notice.

  • Indemnification for Failure to Comply with Diversification Requirements The Fund and the Adviser acknowledge that any failure (whether intentional or in good faith or otherwise) to comply with the diversification requirements specified in Article III, Section 3.3 of this Agreement may result in the Contracts not being treated as variable contracts for federal income tax purposes, which would have adverse tax consequences for Contract owners and could also adversely affect the Company's corporate tax liability. Accordingly, without in any way limiting the effect of Sections 8.2(a) and 8.3(a) hereof and without in any way limiting or restricting any other remedies available to the Company, the Fund, the Adviser and the Distributor will pay on a joint and several basis all costs associated with or arising out of any failure, or any anticipated or reasonably foreseeable failure, of the Fund or any Portfolio to comply with Section 3.3 of this Agreement, including all costs associated with correcting or responding to any such failure; such costs may include, but are not limited to, the costs involved in creating, organizing, and registering a new investment company as a funding medium for the Contracts and/or the costs of obtaining whatever regulatory authorizations are required to substitute shares of another investment company for those of the failed Fund or Portfolio (including but not limited to an order pursuant to Section 26(b) of the 1940 Act); fees and expenses of legal counsel and other advisors to the Company and any federal income taxes or tax penalties (or "toll charges" or exactments or amounts paid in settlement) incurred by the Company in connection with any such failure or anticipated or reasonably foreseeable failure. Such indemnification and reimbursement obligation shall be in addition to any other indemnification and reimbursement obligations of the Fund, the Adviser and/or the Distributor under this Agreement.

  • Failure to Comply with the 1934 Act So long as the Buyer beneficially owns the Note, the Company shall comply with the reporting requirements of the 1934 Act; and the Company shall continue to be subject to the reporting requirements of the 1934 Act.

  • Covenant to Comply with Applicable Laws Upon Repurchase of Notes In connection with any repurchase offer, the Company will, if required:

  • Conformity with Plan This Agreement is intended to conform in all respects with, and is subject to all applicable provisions of, the Plan. Inconsistencies between this Agreement and the Plan shall be resolved in accordance with the terms of the Plan. In the event of any ambiguity in this Agreement or any matters as to which this Agreement is silent, the Plan shall govern. A copy of the Plan is available upon request to the Administrator.

  • Conformity with XXXXX Filing The Prospectus delivered to the Agent for use in connection with the sale of the Placement Shares pursuant to this Agreement will be identical to the versions of the Prospectus created to be transmitted to the Commission for filing via XXXXX, except to the extent permitted by Regulation S-T.

  • Conformity with EXXXX Filing The Prospectus delivered to the Agent for use in connection with the sale of the Placement Shares pursuant to this Agreement will be identical to the versions of the Prospectus created to be transmitted to the Commission for filing via EXXXX, except to the extent permitted by Regulation S-T.

  • Conformity with TIA Each amendment of this Indenture executed under this Article IX will conform to the requirements of the TIA as then in effect so long as this Indenture is qualified under the TIA.

  • Comply with Laws It will comply in all material respects with all applicable laws and orders to which it may be subject if failure so to comply would materially impair its ability to perform its obligations under this Agreement or any Credit Support Document to which it is a party.

  • Compliance with the Xxxxxxxx-Xxxxx Act of 2002 The Company and, to its knowledge, its officers and directors (in such capacity) are in compliance with the provisions of the Xxxxxxxx-Xxxxx Act of 2002 and the Commission’s published rules promulgated thereunder that are applicable to the Company as of the date hereof.

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