Common use of Conditions Precedent to Transfer Clause in Contracts

Conditions Precedent to Transfer. Section 10.02(m) is hereby deleted in its entirety and replaced with the following: “Franchisor may require, as a condition precedent to its consent to a Transfer pursuant to this Article X, that Franchisee shall have complied materially as of the date of any such Transfer with all of its obligations to Franchisee.”

Conditions Precedent to Transfer. Section 10.02(m) of the Franchise Agreement is hereby deleted in its entirety and replaced with the following: “Franchisor may require, as a condition precedent to its consent to a Transfer pursuant to this Article X, that Franchisee shall have complied materially as of the date of any such Transfer with all of its obligations to Franchisee.”