Additional Restaurants Clause Samples
Additional Restaurants. Franchisee understands that the Company and its affiliated corporations currently operate and/or franchise, and may in the future operate and/or franchise, restaurants and food establishments other than STEAK N SHAKE Restaurants, and Franchisee agrees that the Company and/or any related entity may do so within the Exclusive Territory, provided that such restaurants and food establishments do not feature ground beef sandwiches as a primary product and do not utilize the following or similar names or trade names: "STEAK N SHAKE", "TAKHOMASAK, "IN SIGHT IT MUST BE RIGHT", and "FAMOUS FOR STEAKBURGERS". Franchisee further agrees that this franchise relates solely to and is limited to the Restaurant locations described herein, and affords Franchisee no right, title or interest in additional franchises to be operated at any other location (subject to relocation of the Restaurant as permitted under Section 3.01). Neither this Agreement nor the franchise issued hereunder obligates the Company in any way to seek, issue, or allow the purchase of any additional franchises by Franchisee or others.
Additional Restaurants. If the Partnership shall develop and operate more than one restaurant as contemplated by the Development Option Agreement, the Partners, except Manager (whose additional capital contributions shall be governed by the terms of the Employment Agreement by and among the Partnership, the General Partner and Manager), shall proportionately contribute such additional capital to the Partnership as shall be deemed necessary by the General Partner, consistent with the terms of the Development Option Agreement, when requested to do so by the General Partner. In the event RMRP shall elect not to participate in any "Additional Restaurant" (as that term is defined in the Development Option Agreement) pursuant to the terms of the Development Option Agreement, such election shall not be considered to be a default under this Agreement and such Additional Restaurant (and future Additional Restaurants) will be developed outside of the Partnership as described in the Development Option Agreement.
Additional Restaurants. The parties agree that at least 4 (four) additional Restaurants (the "Additional Restaurants") should be developed in the Area during the term of this Agreement, in addition to the Existing Restaurants. Such Additional Restaurants will be developed in accordance with our applicable policies, including our location notification and site review procedures, and our then current form of Franchise Agreement, including applicable Riders, and following disclosure with our then current Offering Circular. You do not have to own all or any of the Additional Restaurants. The Additional Restaurants will be developed in accordance with the following schedule: 1. Boise #1 12/31/07 3 2. Twin Falls 06/31/08 4 3. Boise #2 12/31/08 5 4. Boise #3 12/31/09 6
II. The Area Development Rider, as amended and supplemented by this Amendment, contains the entire understanding of the parties. The parties can amend the Area Development Rider further only in a signed writing. The provisions of the Area Development Rider, as amended and supplemented by this Amendment, are ratified and affirmed.
III. You acknowledge you have read and understand this Amendment to the Area Development Rider, and consent to be bound by all the terms and conditions of the Area Development Rider, as amended and supplemented by this Amendment.
Additional Restaurants. (a) Schedule 3.09(b) hereto includes only bona fide out of pocket third-party non-Affiliate purchase price, costs and expenses incurred or paid to acquire, open and/or construct and equip the Additional Restaurants including, without limitation, franchise fees and TRA expenses to the extent the Purchaser is not required to pay Burger King therefor, costs relating to the real property, buildings, fixtures, equipment and other personal property comprising each Additional Restaurant sold to the Purchaser but not including any financing costs of any kind, including, without limitation, the cost of obtaining such financing, the costs of any appraisals in connection therewith and the payment of principal and interest on any loans obtained through any financing.
Additional Restaurants. Restaurants designated by Seller as unit numbers 6345, 6431 and 6432 (the "Additional Restaurants") shall be added to the restaurants to be sold by Seller to Buyer pursuant to the Asset Purchase Agreement and, in this regard, Schedule A to the Asset Purchase Agreement shall be replaced by Schedule A hereto which includes the Additional Restaurants.
Additional Restaurants. So long as the Notes are outstanding, no Borrower shall, and no Borrower shall permit any Subsidiary to, directly or indirectly, open or acquire any additional Restaurants other than such Restaurants set forth on Schedule 8.30.
Additional Restaurants. The parties agree that at least 5 (five) additional Restaurants (the "Additional Restaurants") should be developed in the Southern Idaho Area, during the term of this Agreement, in addition to the Existing Restaurants. Such Additional Restaurants will be developed in accordance with our applicable policies, including our location notification and site review procedures, and our then current form of Franchise Agreement, including applicable Riders, and following disclosure with our then current Offering Circular/Prospectus. You do not have to own all or any of the Additional Restaurants.