Liquor License. It shall be a condition precedent to the obligation of Hersha Owner, Hotel Manager and the holder of the liquor license for the Property (“Liquor License Holder”) to deliver the liquor inventory at the Property, if any, to Owner JV at Closing, provided, that, Owner JV shall have obtained from the applicable state and local licensing authorities (the “Authorities”) at or before Closing (a) a new liquor license for Owner JV (or its designee) for the 11 Hotel (“New Liquor License”) or (b) a written consent to the transfer or assignment of the Liquor License to Owner JV (or its designee) if permitted by applicable law (“Liquor License Consent”). Promptly following the Effective Date, Owner JV shall make an application to the Authorities for a New Liquor License or for the Liquor License Consent, in the name of Owner JV or an entity designated by Owner JV, and Hersha Owner shall reasonably cooperate with Owner JV and shall encourage Liquor License Holder to reasonably cooperate with Owner JV in this regard, but without material cost, expense or liability. Owner JV shall use all reasonable efforts, at its sole cost and expense, to obtain the New Liquor License, or the Liquor License Consent, on or before the date which is ten (10) days prior to the Closing Date (the “Liquor License Date”). Owner JV shall be responsible for all fees, costs and expenses incurred in connection with Owner JV’s applying for and obtaining the New Liquor License or the Liquor License Consent, as applicable; provided, however, Hersha Owner agrees that there is no separate purchase price or payment required for the transfer or assignment of the Liquor License (nor is there any credit to Owner JV if such transfer does not occur). Owner JV shall be obligated to deliver to Hersha Owner prior to or on the Liquor License Date evidence reasonably satisfactory to Hersha Owner that this condition will be timely satisfied by Closing (the “Liquor License Materials”). If Owner JV fails to deliver the Liquor License Materials to Hersha Owner prior to or on the Liquor License Date or Owner JV timely delivers to Hersha Owner the Liquor License Materials but then fails to obtain the New Liquor License or the Liquor License Consent, as applicable, on or before the Closing Date, none of Hersha Owner, Hotel Manager or the Liquor License Holder shall have any obligations to deliver the liquor inventory at the Property to Owner JV at Closing and Hersha Owner, Hotel Manager or the Liquor License Holder, as a...
Liquor License. All licenses, permits, approvals and consents which are required for the sale and service of alcoholic beverages on the Premises have been obtained from the applicable Governmental Authorities.
Liquor License. If required by the Franchisor, the Manager or an Affiliate thereof approved by Buyer, shall have or shall have obtained all liquor licenses and alcoholic beverage licenses or banquet licenses, as appropriate and necessary or desirable to operate any restaurants, bars and lounges to be located within the Hotel (collectively, the “Liquor Licenses”) and, in the case of an Affiliate of the Manager, the Hotel shall have the right to use such Liquor License, (ii) if permitted under the laws of the jurisdiction in which the Hotel is located, to the extent practicable the Manager shall execute and file any and all necessary forms, applications and other documents (and Seller and Buyer shall cooperate with the Manager in filing such forms, applications and other documents) with the appropriate liquor and alcoholic beverage authorities prior to Closing so that the Liquor Licenses remain in full force and effect upon completion of Closing.
Liquor License. Seller will cooperate in all reasonable respects (which shall include, without limitation, supplying information known to Seller and execution of such documents as may be legally required) with Buyer in connection with the application for a new liquor license by Buyer (the “Liquor Application”) to the extent reasonably necessary. Buyer shall diligently and in good faith proceed with the Liquor Application. If prior to the Closing Buyer is unable to obtain a new liquor license or a temporary permit to operate pending issuance of a new liquor license or to receive assurances that it can continue to use the existing liquor license following the Closing, then, Seller shall, at no expense to Seller, provide reasonable assistance to Buyer in negotiating an interim arrangement (the “Interim Arrangement”) whereby Seller shall assist in the operation of the liquor concessions at the Hotel on behalf of Buyer pending the issuance of the liquor license or a temporary permit to operate to Buyer. In such event, Buyer shall indemnify, defend and hold Seller harmless from and against any and all claims, liabilities, costs and expenses (including, without limitation, reasonable attorneys’ fees and costs) arising in connection with such operation and provide such insurance coverage against any and all liability relating to operation of the liquor concessions at the Hotel as Seller may reasonably require.
Liquor License. There shall be valid liquor licenses, alcoholic -------------- beverage licenses and other permits and Authorizations necessary to operate the restaurant, bars (including mini-bars) and lounges presently located in the Hotel in place and all such liquor licenses, alcoholic beverage licenses and other permits and Authorizations shall be held in the names of the operators of such businesses. Crow shall use reasonable and diligent efforts to cause the holders of such licenses to execute such consents and estoppels as reasonably required by Patriot's lender.
Liquor License. The grant of the rights which are the subject of this Agreement is expressly conditioned upon the ability of the Franchisee to obtain and maintain any and all required state and/or local licenses permitting the sale of liquor by the drink on the Restaurant premises, and Franchisee agrees to use its best efforts to obtain such licenses. In the event Franchisee fails, after a good faith effort, to obtain any and all such required liquor licenses prior to the date on which the Restaurant is otherwise ready to open for business, then, at the option of the Franchisor, this Agreement may be terminated forthwith by Franchisor upon written notice to Franchisee, in which event, Franchisor shall refund to Franchisee, without interest, the initial franchise fee payment referred to in Subsection 9.1, less any expenses incurred and damages sustained by Franchisor in connection with its performance hereunder prior to the date of such termination. After obtaining the necessary state or local liquor licenses, Franchisee shall thereafter comply with all applicable laws and regulations relating to the sale of liquor on the Restaurant premises. If, during any twelve (12) month period during the term of this Agreement, Franchisee is prohibited for any reason from selling liquor on the Restaurant premises for more than thirty (30) days because of a violation or violations of state or local liquor laws, then at the option of Franchisor this Agreement may be terminated forthwith by Franchisor upon written notice to Franchisee.
Liquor License. “Liquor License” means any government license, permit or other authorization for the Liquor Operations.
Liquor License. Seller currently holds the Liquor -------------- License for the Hotel and if, in compliance with all applicable laws, statutes, rules, regulations and ordinances, Seller may continue to hold such Liquor License following the Closing, Seller shall maintain the Liquor License and Purchaser shall not interfere with the maintenance of the Liquor License. If Seller may not continue to hold a Liquor License for the Property following the Closing or if the existing Liquor License needs to be revised to reflect the Purchaser as owner of the Property, then Seller shall apply for a new or modified Liquor License or, if advised by local counsel to be required under local laws, regulations or orders, Purchaser or its designee shall apply for a liquor license for the Hotel, at Seller's sole cost and expense, promptly after Closing. Seller and Purchaser shall cooperate to obtain a liquor license for the Hotel or modifications to the existing Liquor License or to maintain the existing Liquor License in effect. Until such time as such new or modified liquor license is obtained, Seller shall take all steps reasonably necessary to enable the current Liquor License to be used by the Hotel and to permit the uninterrupted sale and service of alcoholic beverages at the Hotel. The provisions of this Section 11.1 shall survive the Closing. ------------
Liquor License. The liquor license for the restaurant located within the Hotel (the "Liquor License") is in full force and effect and validly licensed to the person(s) required to be licensed under Pennsylvania law.
Liquor License. The Contributor has no liquor licenses in its name at the Property. The Contributor shall cooperate with the Acquiror: (i) to determine (from the Manager or otherwise) what entity, if any, possesses a liquor license with respect to the Property; (ii) to provide Acquiror with, or assist Acquiror in obtaining a copy of, the liquor license prior to the end of the Study Period; and (iii) to transfer said liquor license to Acquiror's designee.
