Conditions for Approval of Transfer. If you and your Principal Owners are in full compliance with this Agreement, we will not unreasonably withhold our approval of a Transfer that meets all the applicable requirements of this Section 14. The person or entity to whom you wish to make the Transfer, or its principal owners (“Proposed New Owner”), must be individuals of good moral character and otherwise meet our then-applicable standards for The Joint Corp. Location franchisees. If you propose to Transfer this Agreement, the Franchise or its assets, or any Interest, or if any of your Principal Owners proposes to Transfer a controlling Interest in you or make a Transfer that is one of a series of Transfers which taken together would constitute the Transfer of a controlling Interest in you, then all of the following conditions must be met before or at the time of the Transfer:
(a) the Proposed New Owner must have sufficient business experience, aptitude, and financial resources to operate the Franchise;
(b) you must pay any amounts owed for purchases from us and our affiliates, and any other amounts owed to us or our affiliates which are unpaid;
(c) the Proposed New Owner’s directors and such other personnel as we may designate must have successfully completed our Initial Training program, and shall be legally authorized and have all licenses necessary to perform the services offered by the Franchise. The Proposed New Owner shall be responsible for any wages and compensation owed to, and the travel and living expenses (including all transportation costs, room, board and meals) incurred by, the attendees who attend the Initial Training program;
(d) if your lease for the Premises requires it, the lessor must have consented to the assignment of the lease of the Premises to the Proposed New Owner;
(e) you (or the Proposed New Owner) must pay us a Transfer fee equal to seventy-five percent (75%) of the then current initial franchise fee we charge to new Start-up Location franchisees, and must reimburse us for any reasonable expenses incurred by us in investigating and processing any Proposed New Owner where the Transfer is not consummated for any reason;
(f) you and your Principal Owners and your and their spouses must execute a general release (in a form satisfactory to us) of any and all claims you and/or they may have against us, our affiliates, and our and our affiliates’ respective officers, directors, employees, and agents; The Joint…The Chiropractic Place™ Franchise Agreement
(g) we must approve...
Conditions for Approval of Transfer. If the Marketer (and its officers, directors, managers, owners and equivalents if the Marketer is an entity) are in full compliance with this Agreement, the Franchisor shall not unreasonably withhold its approval of a transfer that meets all the applicable requirements of this Section. The proposed transferee and its officers, directors, managers and owners must be individuals of good moral character and otherwise meet the Franchisor's then applicable standards for area marketers. If the transfer is of this Agreement, a 30% or more ("Controlling Interest") interest in the Marketer, or all or a substantial portion of the assets of the Business, or is one of a series of transfers which in the aggregate constitute the transfer of this Agreement, a Controlling Interest in the Marketer or all or a substantial portion of the assets of the Business, all of the following conditions must be met prior to or concurrently with the effective date of the transfer:
a. The transferee shall have sufficient business experience, aptitude and financial resources to act as a Marketer, agree to be bound by all of the terms and conditions of this Agreement and the transferee and/or its Principal Owner must have completed the Franchisor's training program to the Franchisor's satisfaction;
b. The Marketer shall have paid all fees due hereunder, all amounts owed for purchases from the Franchisor and all other amounts owed to the Franchisor or its affiliates and third party creditors and submit to the Franchisor all required reports and statements;
c. The Marketer or the transferee shall have paid the Franchisor a transfer fee in the amount of $2,500 to defray expenses the Franchisor incurs in connection with the transfer;
d. The Marketer (and/or its transferring owners) executes a general release, in form satisfactory to the Franchisor, of any and all claims against the Franchisor and its affiliates and their respective officers, directors, employees and agents;
e. The transferee shall execute an Area Marketing Agreement in the form then currently offered by the Franchisor, the term of which will end on the expiration date of this Agreement, and which shall supersede this Agreement in all respects. The Marketer acknowledges that the terms of a new Area Marketing Agreement may differ from the terms of this Agreement;
f. The Franchisor shall have approved the material terms and conditions of such transfer, including, without limitation, that the price and terms of payment are not so ...
Conditions for Approval of Transfer. If Franchisee and its owners are in full compliance with this Agreement, Company shall not unreasonably withhold its approval of a transfer that meets all the applicable requirements of this Section 12.
Conditions for Approval of Transfer. If Franchisee (and its owners) is in full compliance with this Agreement, then, subject to this Section 12.3’s other provisions:
(a) Franchisor will approve the transfer of a non-controlling ownership interest in Franchisee if the proposed transferee and its owners are of good moral character, have no interest in and do not perform services for (and have no affiliates with an interest in or performing services for) a Competitive Business, otherwise meet Franchisor’s then-applicable standards for non-controlling owners of WING ZONE Restaurant franchisees, and sign Franchisor’s then-current form of Franchise Guaranty Agreement. References to a “controlling ownership interest” in Franchisee or one of its owners (if an entity) mean the percent of voting shares or other voting rights resulting from dividing one hundred percent (100%) of the ownership interests by the number of owners. In the case of a proposed transfer of an ownership interest in Franchisee or one of its owners, whether a “controlling ownership interest” is involved must be determined both immediately before and immediately after the proposed transfer to see if a “controlling ownership interest” will be transferred (because of the number of owners before the proposed transfer) or will be deemed to have been transferred (because of the number of owners after the proposed transfer). INITIALS: ______: ______ WING ZONE FA (FINAL 2021) FUTURE LABS IX, INC. EAST 30
(b) If the proposed transfer is of the franchise rights granted by this Agreement or a controlling ownership interest in Franchisee or in an entity owning a controlling ownership interest in Franchisee, or is one of a series of transfers (regardless of the timeframe over which these transfers take place) in the aggregate transferring the franchise rights granted by this Agreement or a controlling ownership interest in Franchisee or in an entity owning a controlling ownership interest in Franchisee, then Franchisor will not unreasonably withhold its approval if all of the following mandatory conditions are met (provided, however, there may be no such transfer until after the Franchised Restaurant has opened for business):
(a) the transferee has the necessary business experience, aptitude, and financial resources to operate the Franchised Restaurant, (b) the transferee otherwise is qualified under Franchisor’s then-existing standards for the approval of new franchisees or of existing franchisees interested in acquiring additional franchises ...
Conditions for Approval of Transfer. If you (and your owners) are in full compliance with this Agreement, then, subject to the other provisions of this Section 12, we will approve a transfer that meets all the applicable requirements of this Paragraph. A non-controlling ownership interest in you (determined before the date on which a proposed transfer is to occur) may be transferred as long as the proposed transferee and its direct and indirect owners are individuals of good character and otherwise meet our then applicable standards for XXXXX'X SUBS Restaurant franchise owners. A transfer of ownership, possession or control of the RESTAURANT may be made only in conjunction with a transfer of this Agreement. If the transfer is of this Agreement or a controlling interest in you, or is one of a series of transfers (regardless of the period of time over which these transfers take place) which in the aggregate constitute the transfer of this Agreement or a controlling interest in you, all of the following conditions must be met prior to or concurrently with the effective date of the transfer:
(1) the transferee has sufficient business experience, aptitude and financial resources to operate the RESTAURANT;
(2) you have paid all Royalties, Marketing Fund contributions, Cooperative contributions, amounts owed for purchases from us and all other amounts owed to us or to third-party creditors and have submitted all required reports and statements;
(3) the transferee and its owners and affiliates are not engaged in a Competitive Business;
(4) the transferee (or its managing owner) and its manager (if different from your manager) have agreed to complete our standard training program;
(5) you are allowed to transfer the Lease;
(6) the transferee has agreed to be bound by all of the terms and conditions of this Agreement;
(7) you or the transferee pays us a transfer fee in the amount of $2,500 to defray expenses we incur in the transfer, including the costs of training the transferee (or its managing owner) and its other personnel;
(8) you (and your transferring owners) have executed a general release, in form satisfactory to us, of any and all claims against us and our shareholders, officers, directors, employees and agents;
(9) we have approved the material terms and conditions of the transfer and determined that the price and terms of payment will not adversely affect the transferee's operation of the RESTAURANT;
(10) if you or your owners finance any part of the sale price of the transferred interest, ...
Conditions for Approval of Transfer. If Distributor (and its owners) are in full compliance with this Agreement, the Company shall not unreasonably withhold its approval of a transfer that meets all the applicable requirements of this Paragraph.
Conditions for Approval of Transfer. If Distributor (and its owners) are in full compliance with this Agreement, the Company shall not unreasonably withhold its approval of a transfer that meets all the applicable requirements of this Paragraph.
(1) The proposed transferee and its owners must be individuals of good moral character and otherwise meet the Company's then applicable standards for National Supply Network Distributorship franchisees.
(2) The Company may withhold approval of the transfer if the proposed transferee's customer base conflicts with those of other Distributors of the Company.
(3) Distributor or the transferee shall pay the Company prior to the consummation of the assignment a transfer fee equal to the greater of: Two Thousand Dollars ($2,000.00) or one-half the then-current initial Franchise Fee.
(4) The location of the proposed transferee is the same location of Distributor, unless the Company in its sole discretion consents to a new location for the transferee. 14.
Conditions for Approval of Transfer. 16 D. DEATH OR INCAPACITY OF FRANCHISEE . . . . . . . . . . 17 E. EFFECT OF CONSENT TO TRANSFER . . . . . . . . . . . . 18 F.
Conditions for Approval of Transfer. Franchisor shall not be obligated to approve a proposed transfer unless AD (and its owners) are in full compliance with this Agreement. Franchisor shall not unreasonably withhold its approval of a proposed transfer that meets all the applicable requirements of this Section. The proposed transferee and its owners must be individuals of good moral character and otherwise meet Franchisor's then applicable standards for area directors. If the transfer is of this Agreement and the AD Business, or a Controlling Interest (as defined below) in AD, or is one of a series of transfers (regardless of the time period over which such transfers occur) which in the aggregate transfer this Agreement and the AD Business or a Controlling Interest in AD, all of the following conditions must be met before or concurrently with the effective date of the transfer:
Conditions for Approval of Transfer. If you are fully complying with this Agreement, then, subject to the other provisions of this Section 13, we will not unreasonably withhold our approval of a transfer that meets all the applicable requirements of this Agreement. The proposed transferee must be an individual of good character (preferably an existing distributor with a current account history with us, in our sole discretion) and otherwise meet our then applicable standards and criteria for new owners of Franchised Distributorships. If the transfer is of this Agreement or a controlling interest in the Franchised Distributorship, or is one of a series of transfers (regardless of the period of time over which these transfers take place) which taken together would constitute the transfer of this Agreement or a controlling interest in the Franchised Distributorship, we may impose additional conditions. The conditions that we may require you and/or the transferees (as applicable) to satisfy before, or concurrently with, the effective date of the transfer are:
(a) The transferee must have sufficient business experience, aptitude and financial resources to operate the Franchised Distributorship;
(b) You must pay any amounts owed for purchases from us and our Affiliates and all other amounts owed to us or our Affiliates which then are unpaid;
(a) The transferee must complete to our satisfaction any orientation program we then require for Franchised Tupperware Distributorships;
