CORPORATE FRANCHISEE. In the event the Franchisee named herein is a corporation at the time of execution of this Agreement, it is warranted, covenanted and represented to Franchisor that:
CORPORATE FRANCHISEE. In the event Franchisee, who is an individual, wishes to form a corporation after this Agreement is executed solely for the convenience of ownership of the Franchised Business, and not to avoid personal liability under the terms hereof, then the following conditions must be complied with:
CORPORATE FRANCHISEE. If Franchisee is a corporation, the shareholders cannot sell, assign, pledge or otherwise dispose of a controlling interest in the capital stock of Franchisee ("Capital Stock") (except to immediate family members of the controlling shareholder(s) or to a trust established for their benefit) until the Capital Stock has been first offered to Franchisor in writing under the same terms and conditions offered to any third party. A shareholder of Franchisee may, however, bequeath, sell, assign, trade or transfer his/her Capital Stock to the other shareholders of Franchisee corporation because of death or permanent disability without first offering it to Franchisor, provided Franchisee provides Franchisor with written notice of all such transactions. All shares of Capital Stock issued by Franchisee's corporation to its shareholders must bear the following legend on the reverse side of each issued and outstanding stock certificate: The shares of capital stock represented by this certificate are subject to a written Franchise Agreement which grants Grow Biz International, Inc. a right of first refusal to purchase these shares of capital stock from the shareholder. Nothing in this Section will be construed as prohibiting the shares of Capital Stock of a corporate Franchisee from being pledged as security to an institutional lender who has provided financing to or for the Store; provided the institutional lender accepts such security interest subject to Franchisor's reasonable conditions.
CORPORATE FRANCHISEE. If Franchisee is a corporation, the number of authorized shares of Franchisee that have been issued is _____________ and the name, address, number of shares owned (legally or beneficially) and office held by each shareholder is as follows: Name Address No. of Shares Office Held
CORPORATE FRANCHISEE. 42 AFC ENTERPRISES, INC. CHESAPEAKE BAGEL BAKERY FRANCHISE AGREEMENT THIS AGREEMENT (the "Agreement") is made this _______ day of _________, 19___, by and between AFC ENTERPRISES, INC. (f/k/a America's Favorite Chicken Company), a Minnesota corporation, having its principal place of business at Xxx Xxxxxxxxx Xxxxxxx, Xxxxx 0000, Xxxxxxx, Xxxxxxx, 00000-0000, X.X.X. ("Franchisor" or "Chesapeake Bagel Bakery") and ________________________________ ____________________________________, [jointly and severally where more than one], ("Franchisee").
CORPORATE FRANCHISEE. This Agreement may be transferred or assigned by Franchisee to a corporation which is owned or controlled by Franchisee, provided: (i) Franchisee and all other shareholders of the assignee corporation owning at least ten percent (10%) of the Capital Stock thereof sign the Personal Guaranty attached hereto as Exhibit C and agree to be bound by the provisions of this Agreement; and (ii) Franchisee furnishes prior written proof to Franchisor substantiating that the corporation will be financially able to perform all of the provisions of this Agreement. Franchisee will give Franchisor fifteen (15) days written notice before the proposed date of assignment or transfer of this Agreement to a corporation owned or controlled by Franchisee; however, the transfer or assignment of this Agreement will not be valid or effective until Franchisor has received the legal documents which its legal counsel deems necessary to properly document such transfer or assignment.
CORPORATE FRANCHISEE. 41 AFC ENTERPRISES, INC. POPEYES CHICKEN & BISCUITS FRANCHISE AGREEMENT THIS AGREEMENT (the "Agreement") is made this _______________ day of _________________, 19___, by and between AFC ENTERPRISES, INC.(F/K/A AMERICA'S FAVORITE CHICKEN COMPANY), a Minnesota corporation, having its principal place of business at Xxx Xxxxxxxxx Xxxxxxx, Xxxxx 0000, Xxxxxxx, Xxxxxxx, 00000-0000, X.X.X. ("Franchisor" or "Popeyes") and - - - - - - - - - - - - - - ______________________________________________________________________________ ______________________________________________________________________________, [jointly and severally where more than one], ("Franchisee").
CORPORATE FRANCHISEE. This Agreement may be transferred or assigned by Franchisee to a corporation which is owned or controlled by Franchisee, provided Franchisee and all other shareholders of the assignee corporation owning at least ten percent (10%) of the Capital Stock thereof sign the Personal Guaranty attached hereto as Exhibit C and agree to be bound by the provisions of this Agreement. Franchisee will give Franchisor fifteen (15) days written notice before the proposed date of assignment or transfer of this Agreement to a corporation owned or controlled by Franchisee; however, the transfer or assignment of this Agreement will not be valid or effective until Franchisor has received the legal documents which its legal counsel deems necessary to properly document such transfer or assignment.
CORPORATE FRANCHISEE. 32 EXHIBIT A - NOTICE OF COMMENCEMENT DATE EXHIBIT B - SHAREHOLDERS OF FRANCHISEE SEATTLE'S BEST COFFEE FRANCHISE AGREEMENT THIS AGREEMENT (the "Agreement") is made this _______ day of _________________, 20___, by and between SEATTLE,S BEST COFFEE, LLC, a Washington limited liability company, having its principal place of business at 0000 Xxxxxx Xxxxxx, Xxxxx 000, Xxxxxxx, Xxxxxxxxxx 00000 ("Franchisor" or "SEATTLE'S BEST COFFEE") and _________________________________ __________________________________________, [jointly and severally where more than one], ("Franchisee").
CORPORATE FRANCHISEE. If you are a corporation, then you agree to: (a) confine your activities, and your governing documents will at all times provide that your activities are confined, exclusively to operating the Franchised Business; (b) maintain stop transfer instructions on your records against the transfer of any equity securities and will only issue securities upon the face of which a legend, in a form satisfactory to us, appears which references the transfer restrictions imposed by this Agreement; (c) not issue any voting securities or securities convertible into voting securities; and (d) maintain a current list of all owners of record and all beneficial owners of any class of voting stock of your company and furnish the list to us upon request.
