Common use of STORE CLOSING Clause in Contracts

STORE CLOSING. Notwithstanding anything herein to the contrary, Licensee agrees to the cancellation of this License and agrees to vacate the Licensed Premises on the date the Store ceases doing business in and at that location. Licensor shall be allowed to cease doing business in the Store at any time, for any reason. This License is subordinate to the Licensor's Store Lease in all respects. If Licensor's right to occupy is terminated or Licensor closes the Store for any reason, this License terminates without liability.

Appears in 2 contracts

Sources: Master License Agreement (American Studios Inc), Master License Agreement (Pca International Inc)