Conditions of Renewal Sample Clauses
Conditions of Renewal. If you desire to continue as a franchisee for the Renewal Term, you must comply with all of the following conditions at the time of your renewal notice and at the end of the Initial Term:
(A) The Franchisee shall give the Company written notice of its election to renew this Agreement not less than six (6) months prior to the end of the current term of this Agreement;
(B) At least seven (7) months prior to the expiration of the current term of this Agreement, the Company shall have the right to give notice of all required modifications to the nature and quality of the products and services offered in connection with the Franchised Business, as well as the Franchisee’s advertising, marketing and promotional programs.
(C) The Franchisee shall not be in default of any provision of this Agreement, any amendment hereof or successor hereto, or any other agreement between the Franchisee and the Company or its subsidiaries, affiliates and suppliers. The Franchisee shall have substantially complied with all of the terms and conditions of such agreements during the terms thereof;
(D) The Franchisee shall have satisfied all monetary obligations of the Franchisee to the Company and its subsidiaries, affiliates and suppliers and shall have timely met those obligations throughout the term of this Agreement;
(E) The Franchisee shall execute upon renewal the Company’s then-current form of Franchise Agreement, which agreement shall supersede in all respects this Agreement, and the terms of which may differ from the terms of this Agreement, including, without limitation, a higher percentage royalty fee and the implementation of additional fees; provided, however, that in lieu of the then-current initial franchise fee or its equivalent, for such renewal period, the Franchisee shall be required to pay a nonrefundable renewal fee equal to one thousand dollars ($1,000) due with the Franchisee’s written notice to renew;
(F) Unless waived by the Company, the Franchisee shall attend the Company’s then-current qualification and training programs at the Franchisee’s expense;
(G) The Franchisee, its shareholders, directors and officers shall execute a general release, in a form prescribed by the Company, of any and all claims against the Company and its subsidiaries and affiliates, and their respective officers, directors, agents and employees. The Franchisee shall not be required, however, to release the Company from violations of or failure to comply with federal or state franchise ...
Conditions of Renewal. Unless each of the following Conditions of Renewal is satisfied at the end of the Initial Term and the first Renewal Term, Licensee shall have no right to renew (or further renew) this Agreement:
A. Licensee must have given Licensor notice of its election to renew not less than sixty (60) or more than one hundred eighty (180) days prior to the scheduled expiration date of the Initial Term or the first Renewal Term, as the case may be. If Licensee shall fail to timely submit such notice of its intention to renew, Licensee shall be deemed to have elected not to renew this Agreement, and it shall expire at the end of the Initial Term or the first Renewal Term, as the case may be.
B. At the time Licensee elects to renew and at the time of renewal, Licensee must not be in default under this Agreement or any other agreement between Licensee and Licensor relating to the Licensed Restaurant.
C. Licensee must have replaced such equipment, furnishings, decor and signs which are not in good working order or which are obsolete or otherwise not in conformity with Licensor's then current standards and decorates or remodels the building and the site to conform to Licensor's then-current standards.
D. Licensee must have presented evidence satisfactory to Licensor that Licensee has the right to remain in possession of the Licensed Restaurant for each of the Renewal Terms, or Licensee must have commenced business operations with respect to the Licensed Restaurant.
E. Licensee must have executed a general release, in a form prescribed by Licensor, of any and all claims against Licensor and its affiliates and its or their respective officers, directors, shareholders, agents and employees, in their corporate and individual capacities, including, without limitation, claims under federal, state and local laws, rules and ordinances arising from the negotiation, execution or performance of this Agreement, except for such claims as are expressly identified and reserved by Licensee in a notice submitted to Licensor simultaneously with Licensee's notice of its election to renew or within ten (10) days after the claims arises, if that is later. Such notice shall specify in detail the nature of such claims and the nature and amount of any relief or damages demanded, or to be demanded, of Licensor.
F. Licensee must have undertaken and satisfactorily accomplished any reasonable remedial actions and curative measures recommended by Licensor during the Initial Term and the first Renewal Te...
Conditions of Renewal. 2 III. DUTIES OF ABLE OIL .................................................. 3 A. Pre-Opening Obligations........................................ 3 B. Post-Opening Obligations....................................... 3
Conditions of Renewal. Notwithstanding the provisions of subsection 4.B above, the franchise shall not be renewed beyond the Initial Term unless the Franchisee has:
(i) substantially complied with all of the terms and conditions of this Agreement;
(ii) agreed, in writing, to make such reasonable capital expenditures, remodel and modernize the interior and exterior of the building, furniture, fixtures and equipment in accordance with Franchisor's then existing plans, standards and specifications so that Franchisee's motel will reflect the then common image intended to be portrayed by Knights Inn Motels; Capital expenditures, remodeling and modernization shall be done by Franchisee over a reasonable period of time not to exceed thirty six (36) months.
(iv) entered into Franchisor's then current form of standard Franchise Agreement and all other agreements and legal instruments and documents then customarily used by Franchisor in the grant of franchises for Knights Inn Motels; provided, that Franchisee shall not be required to pay another initial franchise fee if Franchisee exercises its right to renew the Franchise.
Conditions of Renewal. The conditions set out in this agreement will remain in force for the duration of the provision of The Service by Us to You including any Renewal Terms unless any changes are agreed by Us and You.
Conditions of Renewal. It shall be a condition to the exercise by Hyatt Gaming of any renewal option provided in Section 2.2 hereof that the Equity Return as of the date such renewal option is exercised is equal to or greater than fifteen percent (15%) (the "Renewal Threshold"). For purposes of this Agreement, "Equity Return" shall mean and refer to the simple average annual percentage return on the Owner"s cash equity in the Casino, which return shall be calculated by:
(a) dividing, for each full Fiscal Year, one hundred percent (100%) of the Adjusted Net Profit for such year by Unrecovered Equity;
(b) dividing, for any partial Fiscal Year, one hundred percent (100%) of the Adjusted Net Profit (adjusted to take into account any seasonal variations) by the "Prorated Amount;" the "Prorated Amount" shall equal the number of days in the partial Fiscal Year divided by 365, and multiplied by Unrecovered Equity; and
Conditions of Renewal. The Option is for the renewal of this Lease for the further term as specified in Item 7 of the Reference Schedule from the day after the date of expiry of the term of this Lease, containing identical covenants to the covenants of this Lease (except this clause):
(a) at a rent which will be determined in accordance with clause 6 of this Lease; and
(b) containing the further options for renewal as are specified in Item 7 of the Reference Schedule.
Conditions of Renewal. If the County Commissioners determine that the Company has been in reasonable compliance with the terms and conditions imposed by this ordinance and the franchise, the County Commissioners may renew the Company’s franchise for a period of time not inconsistent with all applicable laws and regulations and shall modify this ordinance and the franchise to bring them into compliance with then current laws and regulations.
Conditions of Renewal. Should Tenant default in any covenant or condition of this Lease prior to its expiration, the Landlord may, at its option, rescind any renewal of this Lease that it has granted to any one or more of the tenants named herein as permitted by law.
Conditions of Renewal. The partners agree on up-dating of the information provided below if substantial changes occur. All changes will need a written statement. Amendments shall be made by a supplementary agreement signed on behalf of each of the parties by the signatories to this contract.
1. Qualifications concerned:
2. VET areas: Initial VET Continuing VET both
3. Hosting / sending learners: hosting only sending only both 4. Title of Qualifications concerned: