Common use of Additional Franchise Clause in Contracts

Additional Franchise. For each additional Franchise purchased from FRANCHISOR, FRANCHISEE shall pay one-half (1/2) of the Initial Franchise Fee as described in Subparagraph 3.B(1) and the balance as described in Subparagraph 3.B(2) herinabove, for the Franchise Agreement governed by the such Franchise(s). C. Consideration Earned. FRANCHISEE hereby acknowledges and agrees that the grant of the License and the undertakings and agreements of FRANCHISOR contained in this Franchise Agreement constitute the sole and only consideration for the payment of the Initial Franchise Fee. The Initial Franchise Fee shall be deemed fully earned by FRANCHISOR as hereinabove specified, and no portion thereof shall be refundable to FRANCHISEE except as specifically provided for herein. Page 4 Initials SECTION 4. TERM, RENEWAL, AND HOLDOVER A. Term of Franchise. The initial term of this Franchise Agreement shall be for a period of Twenty-Five (25) years, commencing on the commencement date of this Franchise Agreement, unless this Franchise Agreement is executed pursuant to an assignment or other transfer arrangement, in which case, the term shall be the remaining portion of the term specified in the respective assignor's or transferor's Franchise Agreement and/or Lease Agreement. The term of this Franchise Agreement may be earlier terminated by FRANCHISOR, as provided in this Franchise Agreement. The date this Franchise Agreement is executed by FRANCHISOR is the commencement Date of this Franchise Agreement. The Expiration Date of this Franchise Agreement shall be the date Twenty-Five (25) years after the execution of this Franchise Agreement by FRANCHISOR, unless terminated at an earlier date as otherwise provided herein. Within one (1) year after execution of this Franchise Agreement, FRANCHISEE shall commence operations of the Center Site. FRANCHISEE'S failure to commence operation of the Center Site by the end of such time period shall be grounds for the termination of this Franchise Agreement. B.

Additional Franchise. For each additional Franchise purchased from FRANCHISOR, FRANCHISEE shall pay one-half (1/2) of the Initial Franchise Fee as described in Subparagraph 3.B(1) and the balance as described in Subparagraph 3.B(2) herinabove, for the Franchise Agreement governed by the such Franchise(s). . C. Consideration Earned. FRANCHISEE hereby acknowledges and agrees that the grant of the License and the undertakings and agreements of FRANCHISOR contained in this Franchise Agreement constitute the sole and only consideration for the payment of the Initial Franchise Fee. The Initial Franchise Fee shall be deemed fully earned by FRANCHISOR as hereinabove specified, and no portion thereof shall be refundable to FRANCHISEE except as specifically provided for herein. Page 4 Initials SECTION 4. TERM, RENEWAL, AND HOLDOVER A. Term of Franchise. The initial term of this Franchise Agreement shall be for a period of Twenty-Five (25) years, commencing on the commencement date of this Franchise Agreement, unless this Franchise Agreement is executed pursuant to an assignment or other transfer arrangement, in which case, the term shall be the remaining portion of the term specified in the respective assignor's or transferor's Franchise Agreement and/or Lease Agreement. The term of this Franchise Agreement may be earlier terminated by FRANCHISOR, as provided in this Franchise Agreement. The date this Franchise Agreement is executed by FRANCHISOR is the commencement Date of this Franchise Agreement. The Expiration Date of this Franchise Agreement shall be the date Twenty-Five (25) years after the execution of this Franchise Agreement by FRANCHISOR, unless terminated at an earlier date as otherwise provided herein. Within one (1) year after execution of this Franchise Agreement, FRANCHISEE shall commence operations of the Center Site. FRANCHISEE'S failure to commence operation of the Center Site by the end of such time period shall be grounds for the termination of this Franchise Agreement. B..