During Term of Agreement. Should the Proponent be in default under the terms of the loan or under the terms of this Agreement or under the terms of any mortgage or other encumbrance registered on title to the Property, the City shall have the right to declare all or part of the unearned portion of the loan due and payable immediately. Interest will be payable only from the date of default until the loan is paid in full. The interest rate shall be the Bank of Canada Prime Rate plus 2% in effect at the time of the loan default. The amount of the loan that must be repaid is equal to the total amount of the loan less any amount considered forgiven from the first day of the month following full payment of the funds until the default.
During Term of Agreement. Franchisee specifically acknowledges that, pursuant to this Agreement, Franchisee shall receive valuable specialized training and Confidential Information, including, without limitation, information regarding the operational, sales, promotional, and marketing methods and techniques of Franchisor and the Fiesta System. Franchisee (or, if Franchisee is a corporation, limited liability company, or partnership, all principals of Franchisee) covenants that during the Term, except as otherwise approved in writing by Franchisor, Franchisee (or, if Franchisee is a corporation, limited liability company, or partnership, all principals of Franchisee) shall not, either directly or indirectly, for itself, or through, on behalf of, or in conjunction with any person, or legal entity:
17.1.1 Divert or attempt to divert any present or prospective customer to any competitor, by direct or indirect inducement or otherwise, or do or perform, directly or indirectly, any other act injurious or prejudicial to the goodwill associated with the Proprietary Marks, the Copyrights and the Fiesta System;
17.1.2 Own, maintain, advise, operate, engage in, be employed by, make loans to, invest in, provide any assistance to, or have any interest in (as owner or otherwise) or relationship or association with, any business that is associated with the sale of any type of insurance and/or with retail tax return preparation and tax filing services (a “Competitive Business”).
During Term of Agreement. Consultant shall not at any time during the term of providing service hereunder to the Company disclose with the intent of detriment to the Company, directly or indirectly, to any person, firm, corporation, partnership, association or other entity any Confidential Information.
During Term of Agreement. The Vendor shall maintain all required insurance coverage throughout the term of the Agreement. The Vendor shall provide a correct TxDOT insurance form each time its insurance is renewed or updated. Failure to provide this form promptly may be cause for discontinuance of the work and termination of the Agreement.
During Term of Agreement. There shall be no strike, stoppage of work or slow down caused, called or supported by the Union or its members, nor lockout by the Company during the life of this Agreement.
During Term of Agreement. Should the Proponent be in default under the terms of the loan or under the terms of this Agreement or under the terms of any mortgage or other encumbrance registered on title to the Property, the County shall have the right to declare all or part of the unearned portion of the loan due and payable immediately. Interest will be payable from the date of default until the loan money advanced and any applicable costs and expenses, as set out in section 10.6 is paid in full. The interest rate shall be the Bank of Canada Prime Rate plus 2% in effect at the time of the loan default, and interest will be calculated monthly on the outstanding principal balance.
During Term of Agreement. At all times during the term of this Agreement, the PC shall maintain comprehensive professional liability insurance with annual policy limits of not less than $1,000,000 per claim and $3,000,000 in aggregate for the PC and for each orthodontist or dentist employed or contracted by the PC. The PC shall be responsible for all such liabilities in excess of the limits of such policies. Premiums and deductibles with respect to such policies shall be borne by the Orthodontist. The Orthodontist shall have OCS named as an additional insured on professional liability insurance policies.
During Term of Agreement. Employee shall not conduct or operate, directly or indirectly, or be employed by or be associated in any way with any advertising, marketing, public relations, video production, or business other than that of the Employer, furnish any information as to Employer's methods of operation, trade practices, procedures, training, advertising, publicity or promotional ideas, or any other information relative to the Employer's business. Employee shall comply with the terms, conditions and procedures of employment as determined by the Employer, and shall abide by all governmental laws or regulations governing the Employer's business.
During Term of Agreement. In order to maximize the success of the Company, the Parties wish to avoid any inherent conflicts of interest by committing to channel through the Company a11 of their business of senior housing and long-term care facilities in Japan. Neither of the Parties shall undertake any business or undertakings which are directly or indirectly competitive in Japan with the Business Purpose of the Company set forth in Section 1.3.
1. In the event that Sanyo desires to conduct any senior housing and long-term care operations outside of Japan, Sanyo agrees to give Emeritus first right of refusal to participate in such business on terms similar to those set forth in this Agreement or otherwise mutually agreed to by the Parties. The Parties are free to engage in other businesses not conflicting with the Business Purpose of this Company.
During Term of Agreement. Master Franchisor, and each of them, agrees, and shall cause each of its shareholders, officers, directors and guarantors to agree that, during the term of this Agreement, neither Master Franchisor, nor any shareholder, partner, owner or guarantor of Master Franchisor, if Master Franchisor is a corporation, partnership or other business entity, nor any member of the immediate family of Master Franchisor or of any shareholder, partner, owner or guarantor of Master Franchisor, shall have any direct or indirect interest as an owner, investor, partner, lender, director, officer, employee, consultant, representative or agent, or in any other capacity, in any entity which owns, develops, operates or franchises or licenses others to operate, retail optical stores, centers or businesses which are engaged in the sale of contact lenses, prescription and/or non-prescription eyewear and/or related eye care products, other than the Centers described in this Agreement.
