DEATH OR INCAPACITY OF FRANCHISEE Sample Clauses

DEATH OR INCAPACITY OF FRANCHISEE. A. In the event of the death or incapacity of an individual Franchisee, or any partner of a Franchisee which is a partnership or any shareholder owning fifty percent (50%) of more of the capital stock of a Franchisee which is a corporation, the heirs, beneficiaries, devisees, or legal representatives of said individual, partner or shareholders shall, within one hundred eighty (180) days of such event:
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DEATH OR INCAPACITY OF FRANCHISEE. 22.01. In order to prevent any interruption of the Franchised Business, in the event of (a) the death or Incapacity of an individual Franchisee or any Franchisee Party; or (b) Franchisee's inability to operate the Franchise (due to absence, illness or death of one or more key personnel, or for any other reason), or (c) Franchisee's failure to cure a default timely under this Agreement, Franchisor may, at its option (and for such period(s) of time as it determines in its sole discretion), enter upon the Franchised Premises and exercise complete authority with respect to the operation of the business for such period of time as Franchisor determines is necessary or practical. Franchisee specifically agrees that Franchisor may take over, control, and operate the Franchised Business under such circumstances, and that Franchisee shall pay to Franchisor a service fee of not less than Five Hundred Fifty Dollars ($550.00) per day plus all travel and living expenses, room and board and other expenses reasonably incurred by Franchisor in connection with such services. All revenues and expenses (including Franchisor's service fee) from the operation of the Franchised Business during such period of operation by Franchisor shall be accounted for separately. Franchisee further agrees that if Franchisor exercises such right of operation, Franchisee will indemnify and hold harmless Franchisor and its agents, employees, and contractors who may act hereunder against all claims or losses which may be asserted against Franchisor in connection therewith, except to the extent the claims or losses are attributable to the Gross Negligence or Willful Misconduct of Franchisor. During any period of temporary management by Franchisor all personnel working at the Franchised Premises, except those provided by Franchisor, shall be deemed employees, agents or contractors of Franchisee. Franchisor's exercise of its rights hereunder shall not constitute a waiver of any other rights or remedies Franchisor may have under this Agreement.
DEATH OR INCAPACITY OF FRANCHISEE. In the event of the death or incapacity of an individual Franchisee, or of any shareholder, partner, or member in a franchise that is a business entity, the legal representative of the individual Franchisee, or of the surviving shareholders, partners, or members in case of a business entity, may for a period of ninety (90) days from the date of death or incapacitation continue to operate the franchise, provided that the operation is conducted in accordance with the terms of this Agreement and any other agreements with BRCB.
DEATH OR INCAPACITY OF FRANCHISEE. A. In the event of the death or incapacity of any person with an ownership interest in this Agreement, the heirs, beneficiaries, devisee, or legal representatives of said individual, partner, member or shareholder shall, within one hundred eighty (180) days of such event:
DEATH OR INCAPACITY OF FRANCHISEE. 32 ARTICLE XXII OPERATION IN THE EVENT OF ABSENCE OR DISABILITY . . . . . . . . . . . . . . . . . . . . 32 ARTICLE XXIII INJUNCTIVE RELIEF . . . . . . . . . . . . . . . . . . . . . . 33 ARTICLE XXIV
DEATH OR INCAPACITY OF FRANCHISEE. If Franchisee is an individual, upon the death of Franchisee or the permanent incapacity of Franchisee to conduct business affairs, or, if Franchisee is a corporation, limited liability company or other business entity, upon the death or permanent incapacity of the Managing Owner of Franchisee, all of such person's interest in this Agreement, or such interest in Franchisee, shall be transferred to a transferee approved by Franchisor. Such disposition of this Agreement or such interest in Franchisee (including transfer by bequest or inheritance) shall be completed within a reasonable time, not to exceed nine (9) months from the date of death or permanent disability, and shall be subject to all the terms and conditions applicable to transfers contained in this Section. Failure to so transfer the interest in this Agreement or such interest in Franchisee within said period of time shall constitute a breach of this Agreement. Until such disposition of this Agreement or such interest in Franchisee, Franchisor may, at its option, assume the management of the Outlet, for any period of time that Franchisor deems appropriate, on the terms and conditions set forth in the first paragraph of Section 15.D. of this Agreement.
DEATH OR INCAPACITY OF FRANCHISEE a. In the event of the death or Incapacity of Franchisee, if Franchisee is an individual, or of any shareholder, partner, or limited liability company member in a franchise that is a business entity, the legal representative of the individual Franchisee, or of the surviving shareholders, partners, or members in the case of a business entity, may for a period of ninety (90) days from the date of death or incapacitation continue to operate the franchise, provided that the operation is conducted in accordance with the terms of this Agreement and any other agreements with USI. In this Agreement, “
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DEATH OR INCAPACITY OF FRANCHISEE. A. In the event of the death or incapacity of an individual Franchisee, or any Franchisee Party, the Franchise Agreement shall be terminated forthwith and all rights granted to Franchisee under this Franchise Agreement shall, at the option of TA, terminate forthwith and automatically revert to TA.
DEATH OR INCAPACITY OF FRANCHISEE. The Franchise may be transferred to the heirs or personal representative of the FRANCHISEE upon the death or incapacity of FRANCHISEE upon written approval of BDI on the same terms and conditions as any other assignment of the franchise.
DEATH OR INCAPACITY OF FRANCHISEE. If you die or become permanently incapacitated, your personal representative must transfer your interest in this Agreement, the Franchise and the Franchised Distributorship to a third party (whom we approve) within a reasonable time, not to exceed nine (9) months from the date of death or permanent incapacity. The transfer will be subject to all the terms and conditions applicable to transfers contained in this Section 13. Failure to dispose of the interest in this Agreement, the Franchise and the Franchised Distributorship within this period of time will be a breach of this Agreement. The term "
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