Common use of Operating Permits Clause in Contracts

Operating Permits. All licenses, permits and other authorizations or approvals granted by any governmental authority or other body having jurisdiction over the Property which relate solely to the business operations currently being conducted at the Property (e.g. liquor licenses, restaurant permits and licenses and health spa licenses) and which would remain in full force and effect if held by Seller or its affiliates as the subtenant of the Property pursuant to the Property Lease.

Appears in 3 contracts

Samples: Contribution Agreement (Presidio Golf Trust), Contribution Agreement (Presidio Golf Trust), Contribution Agreement (Presidio Golf Trust)

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Operating Permits. All licenses, permits and other authorizations or approvals granted by any governmental authority or other body having jurisdiction over the Property which relate solely to the business operations currently being conducted at the Property (e.g. liquor licenses, restaurant permits and licenses and health spa licenses) and which would remain in full force and effect if held by Seller APGM LLC or its affiliates as the subtenant lessee of the Property pursuant to the Property Lease.

Appears in 1 contract

Samples: Conversion Agreement (Presidio Golf Trust)

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Operating Permits. All licenses, permits and other authorizations or approvals granted by any governmental authority or other body having jurisdiction over the Property which relate and relating solely to the business operations currently being conducted at the Property (e.g. e.g., liquor licenses, restaurant permits food and licenses and health spa licenses) and which would remain in full force and effect if held by Seller or its affiliates as the subtenant of the Property pursuant to the Property Leasebeverage operating permits, gift shop operating permits, golf pro shop operating permits, etc.).

Appears in 1 contract

Samples: Contribution/Purchase and Sale Agreement (Presidio Golf Trust)

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