No Relocation. CSEC represents and warrants that one of the assets of CSEC is a franchise from the National Hockey League to operate a professional hockey club which presently participates in the National Hockey League under the name “Calgary Flames”. CSEC covenants and agrees that it shall not cause such franchise to relocate from the City of Calgary prior to the Turnover Date. Any transfer, assignment, sale or other disposition by CSEC of its interest in such franchise shall be subject to CSEC first delivering to the City a written covenant from such transferee that it shall assume and be bound by the covenants in this Article 13.
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No Relocation. CSEC represents and warrants that one of the assets of CSEC is a franchise from the National Hockey League to operate a professional hockey club which presently participates in the National Hockey League under the name “Calgary Flames”. CSEC covenants and agrees that it shall not cause such franchise to relocate from the City of Calgary prior to the Turnover Date. Any transfer, assignment, sale or other otherwise disposition by CSEC of its interest in such franchise shall be subject to CSEC first delivering to the City and Development Manager a written covenant from such transferee that it shall assume and be bound by the covenants in this Article 1320.
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