Designated Territory Sample Clauses
Designated Territory. MALAYSIA
Designated Territory. MALDIVES
Designated Territory. PHILIPPINES
Designated Territory. SRI LANKA
Designated Territory. UNITED STATES
Designated Territory. Part 11 defines the term Designated Territory as used in this Agreement.
Designated Territory. For the duration of this agreement, the licensor accords to the licensee the exclusive right to commercialize the technology in the territory of Canada, described below: The territory of Canada comprises the provinces of Quebec, Ontario, New Brunswick, Nova Scotia, Xxxxxx Xxxxxx Island, Newfoundland, Manitoba, Saskatchewan, Alberta, and British Columbia. The borders of the provinces may eventually define the territories of the sublicenses.
Designated Territory. Additional Planet Payment Party (Name and address):
Designated Territory. (A) Subject to the terms of this Agreement, the Company hereby grants to the Franchisee the exclusive right and license to operate one (1) Franchised Business in the territory described in the Site Selection and Fee Addendum attached hereto as Attachment A (the “Designated Territory”). This exclusivity in no way limits the Company’s rights to engage in national marketing. The Franchisee shall only solicit new customers in its Designated Territory, subject to the conditions set forth in Section 2.4. and approved by the Company. The Franchisee hereby accepts such license and agrees to perform all of its obligations in connection therewith as set forth herein.
(B) The Designated Territory will be organized as follows: complete county/city boundaries, then zip codes within a “broken” county/city, and by other means if zip codes are not clearly conducive to the creation of a territory that makes business sense. We reserve the right to determine the Designated Territory, which, in our sole determination, will be fair to all parties involved. Our aim is that all franchised territories will include a minimum population of 1,000,000 people. In the event that demographics and other market characteristics justify the business, the Company reserves the right, in its sole discretion, to grant one (1) Franchised Business in a Designated Territory that encompasses less than one million (1,000,000) people. If a market can support more than one (1) Franchised Business i.e. total population of the market exceeds one million five hundred thousand (1,500,000) people, that market’s first Franchisee shall have the right of first refusal to invest in additional franchises in that market.
(C) The Company agrees that it shall grant one (1) Franchised Business for said Designated Territory, provided the Franchisee (i) remains in good standing under the terms of the Franchise Agreement and all other agreements signed with the Company, its affiliates and/or suppliers and (ii) meets its minimal annual gross volume goals. The minimum Gross Revenue volume goal is $1,500,000 in order to keep your exclusive Designated Territory and your Franchise Agreement. This goal must be met in your third 12 months of operation, i.e. 24 to 36 months from the date you opened. If you do not meet or maintain the minimum, we reserve the right, in our sole discretion, to impose a penalty for each violation, and/or establish company-owned units or license other franchisees to establish Franchised Businesses...
Designated Territory. “Designated Territory” means the geographical area with respect to which a Party functions and is required to function, respectively, in its capacity as a SSP Party, as a SSR Party, as an OAE Party or as a RSP Party.